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We present a framework, decision models, and supporting methods to improve government's decisions on a class of intervention problems. The example used is on natural gas shortages. We provide three decision models that move progressively from regulated market mechanisms as a means of gas...
Persistent link: https://www.econbiz.de/10009214796
In a recent article, in Management Science, W. F. Massy [Massy, W. F. 1976. A dynamic equilibrium model for university budget planning. Management Sci. 23 (3, November) 248-256.] outlines an interesting difference equation model of the Stanford University budget system. He proceeds then to solve...
Persistent link: https://www.econbiz.de/10009191888
Remarks on graduate education in management sciences reflecting opinions at the Carnegie-Mellon University.
Persistent link: https://www.econbiz.de/10009196793
Data Envelopment Analysis (DEA) is a nonparametric approach to evaluating the relative efficiency of decision making units (DMUs) that use multiple inputs to produce multiple outputs. An assumption underlying DEA is that all the data assume the form of specific numerical values. In some...
Persistent link: https://www.econbiz.de/10009208585
This is the sequel to Urban Issues I, the special issue which was edited by this Department and published in Management Science, Vol. 16, No. 12 (August 1970). Like its predecessor the present collection has been pointed toward delineating new possibilities for management science approaches to...
Persistent link: https://www.econbiz.de/10009189710
The July, I960, issue of Management Science contains an English translation of an important original article by L. V. Kantorovich [Kantorovich, L. V. Mathematical Methods of Organizing and Planning Production. Leningrad University, 1939, with a Foreword by A. R. Marchenko (Russian). An English...
Persistent link: https://www.econbiz.de/10009190211
Scheduling heating oil production is an important management problem. It is also a complex one. Weather and demand uncertainties, allocation of production between different refineries, joint- and by-product relations, storage limitations, maintenance of minimal supplies and many other factors...
Persistent link: https://www.econbiz.de/10009190287
Discussion that was omitted from page 210 of the authors' article "Duality in Semi-Infinite Programs and Some Works of Haar and Caratheódory," Management Science, Vol. 9, No. 2 (January 1963).
Persistent link: https://www.econbiz.de/10009190439
An accelerating increase in linear programming applications to industrial problems has made it virtually impossible to keep abreast of them, not only because of their number (and diversity) but also because of the conditions under which many are carried out. Industrial (and governmental) secrecy...
Persistent link: https://www.econbiz.de/10009190456
Numerous alternatives are available in the kinds of studies which can be elected in the market research which should precede the introduction of a new product. This gives rise to a possible network interpretation and treatment by an associated chance-constrained programming characterization and...
Persistent link: https://www.econbiz.de/10009190464