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Optimal Policies For Serial Production System With Setup Costs And Variable Yields
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Book Synopsis OPTIMAL POLICIES FOR SERIAL PRODUCTION SYSTEM WITH SETUP COSTS AND VARIABLE YIELDS by : CANDACE A. YANO
Download or read book OPTIMAL POLICIES FOR SERIAL PRODUCTION SYSTEM WITH SETUP COSTS AND VARIABLE YIELDS written by CANDACE A. YANO and published by . This book was released on 1987 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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:
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:
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:
Book Synopsis Production Control in Multi-Stage Systems with Variable Yield Losses by : Hau L. Lee
Download or read book Production Control in Multi-Stage Systems with Variable Yield Losses written by Hau L. Lee and published by . This book was released on 1987 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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).
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:
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).
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:
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:
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.
Book Synopsis Logistics of Production and Inventory by : S.C. Graves
Download or read book Logistics of Production and Inventory written by S.C. Graves and published by Elsevier. This book was released on 1993-05-27 with total page 780 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook
Book Synopsis Production to Order on a Two Machine Line with Random Yields and Rigid Demand by : Abraham Grosfeld-Nir
Download or read book Production to Order on a Two Machine Line with Random Yields and Rigid Demand written by Abraham Grosfeld-Nir and published by . This book was released on 1993 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Operations Research written by and published by . This book was released on 1991 with total page 560 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covers all aspects of OR including computing and decision technology; environment, energy and natural resources; financial services; logistics and supply chain operations; manufacturing operations; optimization; public and military services; simulation; stochastic models; telecommunications; and transportation.
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:
Book Synopsis Production to Order on a Tandem Line with Random Yields and Rigid Demand by : Abraham Grosfeld-Nir
Download or read book Production to Order on a Tandem Line with Random Yields and Rigid Demand written by Abraham Grosfeld-Nir and published by . This book was released on 1992 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Supply Chain Management by : Pengzhong Li
Download or read book Supply Chain Management written by Pengzhong Li and published by BoD – Books on Demand. This book was released on 2011-04-26 with total page 604 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of supply chain management is to make production system manage production process, improve customer satisfaction and reduce total work cost. With indubitable significance, supply chain management attracts extensive attention from businesses and academic scholars. Many important research findings and results had been achieved. Research work of supply chain management involves all activities and processes including planning, coordination, operation, control and optimization of the whole supply chain system. This book presents a collection of recent contributions of new methods and innovative ideas from the worldwide researchers. It is aimed at providing a helpful reference of new ideas, original results and practical experiences regarding this highly up-to-date field for researchers, scientists, engineers and students interested in supply chain management.