optimal finite and infinite horizon policies for single stage production systems with random yiellds

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ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis optimal finite and infinite horizon policies for single stage production systems with random yiellds by : candace arai yano

Download or read book optimal finite and infinite horizon policies for single stage production systems with random yiellds written by candace arai yano and published by . This book was released on 1989 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Optimality of Myopic Policies for Dynamic Lot-Sizing Problems in Serial Production Lines with Random Yields and Autoregressive Demand

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Optimality of Myopic Policies for Dynamic Lot-Sizing Problems in Serial Production Lines with Random Yields and Autoregressive Demand by : Matthew J. Sobel

Download or read book Optimality of Myopic Policies for Dynamic Lot-Sizing Problems in Serial Production Lines with Random Yields and Autoregressive Demand written by Matthew J. Sobel and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study lot-size policies in a serial, multi-stage, manufacturing/inventory system with two key generalizations, namely (1) random yields at each production stage and (2) an autoregressive demand process. Previous research shows that the optimal policies in models with random yields (even in models with a single installation) lack the familiar order-up-to structure and are not myopic. Thus, dynamic programming algorithms are needed to compute optimal policies and one encounters the “curse of dimensionality;” this is exacerbated here by the need to expand the size and dimension of the state space to accommodate the autoregressive demand feature. Nevertheless, although our model is more complex, we prove that there is an optimal policy with the order-up-to feature and, more importantly, that the optimal policy is myopic. This avoids the computational burden of dynamic programming. Our results depend on two assumptions concerning the stochastic yield, namely that the expected yield at a work station is proportional to the lot size, and the distribution of the deviation of the yield from its mean does not depend on the lot size. We introduce the concept of echelon-like variables to derive the structure of optimal policies; this is a generalization of the echelon variables in Clark and Scarf (1960). Furthermore, we show that the same kind of policy is optimal for several criteria: infinite-horizon discounted cost, infinite-horizon long-run average cost, and finite-horizon discounted cost (with the appropriate choice of the salvage value function).

Dynamic lot sizing problems with stochastic production output

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Publisher : BoD – Books on Demand
ISBN 13 : 3744838056
Total Pages : 250 pages
Book Rating : 4.7/5 (448 download)

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Book Synopsis Dynamic lot sizing problems with stochastic production output by : Michael Kirste

Download or read book Dynamic lot sizing problems with stochastic production output written by Michael Kirste and published by BoD – Books on Demand. This book was released on 2017-06-23 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the real world, production systems are affected by external and internal uncertainties. Stochastic demand - an external uncertainty - arises mainly due to forecast errors and unknown behavior of customers in future. Internal uncertainties occur in situations where random yield, random production capacity, or stochastic processing times affect the productivity of a manufacturing system. The resulting stochastic production output is especially present in industries with modern and complex technologies as the semiconductor industry. This thesis provides model formulations and solution methods for capacitated dynamic lot sizing problems with stochastic demand and stochastic production output that can be used by practitioners within Manufacturing Resource Planning Systems (MRP), Capacitated Production Planning Systems (CPPS), and Advanced Planning Systems (APS). In all models, backordered demand is controlled with service levels. Numerical studies compare the solution methods and give managerial implications in presence of stochastic production output. This book addresses practitioners, consultants, and developers as well as students, lecturers, and researchers with focus on lot sizing, production planning, and supply chain management.

LOT-SIZING WITH RANDOM YIELDS: A REVIEW

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ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.L/5 ( download)

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Book Synopsis LOT-SIZING WITH RANDOM YIELDS: A REVIEW by : Candace Arai Yano

Download or read book LOT-SIZING WITH RANDOM YIELDS: A REVIEW written by Candace Arai Yano and published by . This book was released on 1989 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Production Strategies for Random Yield Processes

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ISBN 13 :
Total Pages : 358 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Production Strategies for Random Yield Processes by : Scott Erwin Grasman

Download or read book Production Strategies for Random Yield Processes written by Scott Erwin Grasman and published by . This book was released on 2000 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Optimal production policies for multistage systems with setup costs and uncertain capacities

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ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.L/5 ( download)

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Book Synopsis Optimal production policies for multistage systems with setup costs and uncertain capacities by : Jubwen Hwang

Download or read book Optimal production policies for multistage systems with setup costs and uncertain capacities written by Jubwen Hwang and published by . This book was released on 1993 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Optimal Production Policies for Multistage Systems with Setup Cost and Uncertain Capacities

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ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Optimal Production Policies for Multistage Systems with Setup Cost and Uncertain Capacities by : Juhwen Hwang, Medini R. Singh

Download or read book Optimal Production Policies for Multistage Systems with Setup Cost and Uncertain Capacities written by Juhwen Hwang, Medini R. Singh and published by . This book was released on 1994 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Real Options in Capital Investment

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Publisher : Bloomsbury Publishing USA
ISBN 13 : 0313020825
Total Pages : 382 pages
Book Rating : 4.3/5 (13 download)

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Book Synopsis Real Options in Capital Investment by : Lenos Trigeorgis

Download or read book Real Options in Capital Investment written by Lenos Trigeorgis and published by Bloomsbury Publishing USA. This book was released on 1995-01-24 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: This compilation integrates various new contributions to the growing real options literature. Recent developments in the valuation of capital investment opportunities seen as real options (e.g. to defer, expand, abandon, or switch) have provided the tools and unlocked the possibilities to revolutionize the field of capital budgeting. The resulting insights, strategies, and techniques enable quantifying the thus far elusive elements of managerial operating flexibility and strategic interactions. These are vital to successfully capitalize on favorable future investment opportunities or limit losses from adverse market developments. This book presents various models and operating strategies, and a variety of applications ranging from acquisitions and divestitures, to natural resource development and pollution compliance. It is intended for both the academic and the professional market. The book's contributions are divided into five parts, covering sections on real options and alternative valuation paradigms for capital investment analysis; on the analysis of general exchange or switching options, and interdependencies among multiple such options; on strategic acquisitions, infrastructure, and foreign investment options; on mean reversion/ alternative formulations in natural resource investments, shipping, and start-up ventures; and on other applications in pollution compliance, land development, flexible manufacturing, and financial default options. Both academic and practitioner interest in these developments is unusually high. The book can serve as supplementary material for the academic market, e.g., in advanced finance courses in option pricing or capital budgeting, in doctoral seminars, and as a library resource. It may also be of interest to the professional market (e.g. corporate planners and finance executives in the oil, pharmaceutical, auto and a variety of other industries), academics from related areas (e.g. decision analysts or economists), as well as to international readers (academics, doctoral students, and professionals).

RELEASE CONTROL POLICY FOR A PRODUCTION SYSTEM WITH RANDOM YIELD

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ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.L/5 ( download)

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Book Synopsis RELEASE CONTROL POLICY FOR A PRODUCTION SYSTEM WITH RANDOM YIELD by : WALID R. ABILLAMA, MEDINI R. SINGH

Download or read book RELEASE CONTROL POLICY FOR A PRODUCTION SYSTEM WITH RANDOM YIELD written by WALID R. ABILLAMA, MEDINI R. SINGH and published by . This book was released on 1992 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Manufacturing Processes, Systems, and Machines

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ISBN 13 :
Total Pages : 790 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Manufacturing Processes, Systems, and Machines by : Shyam Kinkar Samanta

Download or read book Manufacturing Processes, Systems, and Machines written by Shyam Kinkar Samanta and published by . This book was released on 1987 with total page 790 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Production/inventory Policies for Systems with Uncertain Capacities and Demands

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ISBN 13 :
Total Pages : 216 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Production/inventory Policies for Systems with Uncertain Capacities and Demands by : Juhwen Hwang

Download or read book Production/inventory Policies for Systems with Uncertain Capacities and Demands written by Juhwen Hwang and published by . This book was released on 1994 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Stochastic Models of Production-inventory Systems

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ISBN 13 :
Total Pages : 272 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Stochastic Models of Production-inventory Systems by :

Download or read book Stochastic Models of Production-inventory Systems written by and published by . This book was released on 2004 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Operations Research, Engineering, and Cyber Security

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Publisher : Springer
ISBN 13 : 3319515004
Total Pages : 424 pages
Book Rating : 4.3/5 (195 download)

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Book Synopsis Operations Research, Engineering, and Cyber Security by : Nicholas J. Daras

Download or read book Operations Research, Engineering, and Cyber Security written by Nicholas J. Daras and published by Springer. This book was released on 2017-03-14 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mathematical methods and theories with interdisciplinary applications are presented in this book. The eighteen contributions presented in this Work have been written by eminent scientists; a few papers are based on talks which took place at the International Conference at the Hellenic Artillery School in May 2015. Each paper evaluates possible solutions to long-standing problems such as the solvability of the direct electromagnetic scattering problem, geometric approaches to cyber security, ellipsoid targeting with overlap, non-equilibrium solutions of dynamic networks, measuring ballistic dispersion, elliptic regularity theory for the numerical solution of variational problems, approximation theory for polynomials on the real line and the unit circle, complementarity and variational inequalities in electronics, new two-slope parameterized achievement scalarizing functions for nonlinear multiobjective optimization, and strong and weak convexity of closed sets in a Hilbert space. /divGraduate students, scientists, engineers and researchers in pure and applied mathematical sciences, operations research, engineering, and cyber security will find the interdisciplinary scientific perspectives useful to their overall understanding and further research.

Scheduling Semiconductor Wafter Manufacturing Using In-line Equipment Condition and Yield Information

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ISBN 13 :
Total Pages : 328 pages
Book Rating : 4.:/5 (34 download)

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Book Synopsis Scheduling Semiconductor Wafter Manufacturing Using In-line Equipment Condition and Yield Information by : Thomas Winston Sloan

Download or read book Scheduling Semiconductor Wafter Manufacturing Using In-line Equipment Condition and Yield Information written by Thomas Winston Sloan and published by . This book was released on 1998 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Management Science

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ISBN 13 :
Total Pages : 684 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Management Science by :

Download or read book Management Science written by and published by . This book was released on 1996 with total page 684 pages. Available in PDF, EPUB and Kindle. Book excerpt: Issues for Feb. 1965-Aug. 1967 include Bulletin of the Institute of Management Sciences.

On the Value of Stable Production Cycles in Multi-echelon Supply Chains

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ISBN 13 :
Total Pages : 206 pages
Book Rating : 4.:/5 (89 download)

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Book Synopsis On the Value of Stable Production Cycles in Multi-echelon Supply Chains by : Keenan D. Yoho

Download or read book On the Value of Stable Production Cycles in Multi-echelon Supply Chains written by Keenan D. Yoho and published by . This book was released on 2006 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Mathematical Reviews

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ISBN 13 :
Total Pages : 1124 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Mathematical Reviews by :

Download or read book Mathematical Reviews written by and published by . This book was released on 2004 with total page 1124 pages. Available in PDF, EPUB and Kindle. Book excerpt: