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In this paper, we consider the discrete optimization via simulation problem with a single stochastic constraint. We present two genetic-algorithm-based algorithms that adopt different sampling rules and searching mechanisms, and thus deliver different statistical guarantees. The first algorithm...
Persistent link: https://www.econbiz.de/10010753498
The paper investigates a problem faced by a make-to-order (MTO) firm that has the ability to reject or accept orders, and set prices and lead-times to influence demands. Inventory holding costs for early completed orders, tardiness costs for late delivery orders, order rejection costs,...
Persistent link: https://www.econbiz.de/10010597612