Obtaining external financing for windfarms may be hindered over the next few years by the high degree of uncertainty that is inherent in these types of project. Therefore, promoters must carefully plan and analyse their projects and attempt to optimise the profitability/risk factor of each...

This paper analyzes the impact of forecasting on inventory decisions in a large physical distribution system. Alternative forecasting models are evaluated by developing tradeoff curves between inventory investment and customer service. The results demonstrate that the choice of forecasting model...

Managers of construction projects, maintenance activities, auditing contracts, software shops, etc. are frequently faced with the task of establishing a new project's due date, which must compete with other projects already in progress or expected (forecasted) to start in the future. The study...

This paper applies some traditional management science tools to the study of Switzerland---a small country characterized by the openness of its politico-economic system to the outside world. Despite its apparent vulnerability to external influences, Switzerland has been able to maintain a...

The stability of the Master Production Schedule (MPS) is a critical issue in managing production operations with a Material Requirements Planning System. One method of achieving stability is to freeze some portion or all of the MPS. While freezing the MPS can limit the number of schedule...

The impact of forecasted demand and forecast error, introduced in the Master Production Schedule, upon Material Requirements Planning (MRP) Systems is investigated. A computerized simulation was built to examine several questions. Results indicate that forecasting error, especially the mean...

In most regions of the United States there is a serious imbalance between the number of kidneys donated for transplantation and the number of persons wishing to receive a transplant. This not only affects the quality of life of those unable to obtain a transplant, but it also has important...