This paper addresses the challenges associated with pricing exotic options, specifically path-dependent ones, with a focus on the limitations of standard Monte Carlo simulations and the advantages provided by Conditional Monte Carlo methods, introduced by Babsiri and Noel in 1998. Path dependent...

Purpose: Although the authors of the Demand Driven Material Requirements Planning (DDMRP) argue that the method DDMRP is the solution to the limitations of traditional production management methods, its capacity management system remains unclear. Since DDMRP operates at infinite capacity, it is...