Showing 1 - 9 of 9
This paper develops theoretical results, for a class of coordination mechanisms for resource allocation in decentralized firms, using as a model the decomposition of linear programs. Of the two pure decentralized allocation mechanisms (price-directive and resource-directive), resource-directive...
Persistent link: https://www.econbiz.de/10009191359
Empirical work in industrial research organizations has provided data useful for better understanding researcher behavior during innovation. The role of information during idea creation and idea submission is described based on these data. A model of a management information system is structured...
Persistent link: https://www.econbiz.de/10009208964
The purpose of this note is to show that Ruefli's Generalized Goal Decomposition Model does not allow one to interpret the solution routine as a decentralized process with respect to information processing and decision making. It is then shown how the application of a partitioning algorithm...
Persistent link: https://www.econbiz.de/10009218428
In this paper we consider the problem of developing an acquisition policy. Specifically, given a set of potential (qualified) suppliers, from whom should the firm buy the product, in what quantities, and how often? We provide properties of the optimal solution and relate them to the approach of...
Persistent link: https://www.econbiz.de/10009189745
In this paper, the joint problem of ordering and offering price discount by a supplier to his sole/major buyer is analyzed. The objective is to induce the buyer to alter his order schedule and size so that the supplier can benefit from lower set up, ordering, and inventory holding costs. We...
Persistent link: https://www.econbiz.de/10009197559
The problem of plant layout has generally been treated as a static one. In this paper, we deal with the dynamic nature of this problem. Both optimal and heuristic procedures are developed for this problem and are based on a dynamic programming formulation. The use of one of these approaches...
Persistent link: https://www.econbiz.de/10009198182
The optimal boundaries for class-based AS/RS systems are determined. A solution procedure is developed which requires only a one-dimensional search procedure. It is shown that most of the potential improvement in the expected one-way travel time can be obtained when the warehouse is divided into...
Persistent link: https://www.econbiz.de/10009203682
Classical Economic Manufacturing Quantity (EMQ) models have usually ignored the possibility of process deterioration and the existence of defective items in the production lot. Moreover, the use of machine inspection for maintenance and restoration purposes has not been considered. On the other...
Persistent link: https://www.econbiz.de/10009214753
The multi-item joint replenishment problem is generalized to allow ordering costs to be dependent on the specific items jointly supplied. A fixed cycle approach is examined in which all the items of a group are always jointly replenished. A dynamic programming algorithm is developed for...
Persistent link: https://www.econbiz.de/10009214860