This thesis contains quantitative models to aid managerial decision making in various aspects of manufacturing operations. The first essay deals with the economic design of multivariate statistical quality control charts, which help users respond quickly to sudden changes in the manufacturing...

Prescriptive decision theory requires decision-makers to express their beliefs and tastes with explicit, precise, and complete information. This information, expressed in subjective probability and utility functions, is often difficult and costly to obtain from a decision-maker. It is obvious...

Motivated by a production planning problem in an actual global manufacturing network, we examine the impact of exchange-rate uncertainty ... namely the volatility in and correlations among exchange rates ... on the choice of various optimal production policies and the conditions which lead to...

The most commonly used techniques in statistical process control are parametric, and thus require assumptions regarding the statistical properties of the underlying process. For example, all traditional methods of statistical process control, Shewhart control charts, CUSUM charts, and EWMA...

The decarbonisation of electricity generation presents policy-makers in many countries with the delicate task of balancing initiatives for technological change whilst maintaining a commitment to market liberalisation. Despite the theoretical attractions, it has become debatable whether carbon...

As both speculative and hedging financial flows into commodity futures are expected to link commodity price formation more strongly to equity indices, we investigate whether these processes also create increased correlation amongst the commodities themselves. Considering U.S. oil and gas...

This paper provides an in-depth analysis of investment decisions and shifts related to onshore and offshore wind power supply chains. Insights about cost reductions are generated from analyzing project financing data, using a 'European learning curve' derived from a European learning system. In...

ABSTRACT Forecasting prices in electricity markets is a crucial activity for both risk management and asset optimization. Intra‐day power prices have a fine structure and are driven by an interaction of fundamental, behavioural and stochastic factors. Furthermore, there are reasons to expect...

As both speculative and hedging financial flows into commodity futures are expected to link commodity price formation more strongly to equity indices, we investigate whether these processes also create increased correlation amongst the commodities themselves. Considering U.S. oil and gas...