Dynamic priority dispatching rules in job shops require the computation of all job priorities in a work center queue every time a machine in the work center becomes idle. This is extremely costly. Alternative priority update procedures are studied and comparative results in terms of performance...

Here we develop methods for e±cient pricing multidimensional discrete-time American and Bermudan options by using regression based algorithms together with a new approach towards constructing upper bounds for the price of the option...

SEM researchers use Monte-Carlo simulations to ascertain the robustness of statisticalestimators and the performance of various fit indices under varying conditions of nonnormality.The efficacy of these Monte-Carlo simulations is closely related to thegeneration of non-normal data....