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Manufacturers make production decisions and carry inventory to satisfy uncertain demand. When holding and shortage costs are high, carrying inventory could be even more expensive for a capacitated production system. Recent developments in information technology and sales strategies enabled firms...
Concavity cuts play an important role in several algorithms for concave minimization, such as pure cutting plane algorithms, conical algorithms, and branch-and-bound algorithms. For concave quadratic minimization problems Konno et al. (1998) have demonstrated that the lower the rank of the...
This paper develops an approach based on performance targets to assess a preference function for a multiobjective decision under uncertainty. This approach yields preference functions that are strategically equivalent to conventional multiattribute utility functions, but the target-oriented...
We consider a queueing system with multitype customers and flexible (multiskilled) servers that work in parallel. If Q i is the queue length of type i customers, this queue incurs cost at the rate of C i ( Q i ), where C i (·) is increasing and convex. We analyze the system in heavy traffic...
We develop a diffusion approximation for the queue-length stochastic process in the G/GI/n/m queueing model (having a general arrival process, independent and identically distributed service times with a general distribution, n servers, and m extra waiting spaces). We use the steady-state...
In the manufacture of circuit boards, panels are immersed sequentially in a series of tanks, with upper and lower bounds on the processing time within each tank. The panels are mounted on carriers that are lowered into and raised from the tanks, and transported from tank to tank by programmable...
This paper develops a stochastic general equilibrium inventory model for an oligopoly, in which all inventory constraint parameters are endogenously determined. We propose several systems of demand processes whose distributions are functions of all retailers' prices and all retailers' service...
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