Showing 1 - 8 of 8
The stability of the Master Production Schedule (MPS) is a critical issue in managing production operations with a Material Requirements Planning System. One method of achieving stability is to freeze some portion or all of the MPS. While freezing the MPS can limit the number of schedule...
Persistent link: https://www.econbiz.de/10009214818
Investigation of more accurate and efficient methods of estimating the allowance for doubtful accounts was begun in the early 1950's by R. M. Cyert and R. M. Trueblood [Cyert, R. M., R. M. Trueblood. 1957. Statistical sampling techniques in the aging of accounts receivable in a department store....
Persistent link: https://www.econbiz.de/10009190345
In linear programming under uncertainty the two-stage problem is handled by assuming that one chooses a first set of constrained decision variables; this is followed by observations of certain random variables after which another set of decisions must be made to adjust for any constraint...
Persistent link: https://www.econbiz.de/10009190610
This discussion demonstrates the application of discrete optimal control theory to production planning problems. In particular we show that most of the previous models which have appeared in the literature on production planning (scheduling, smoothing and work force balancing) can be...
Persistent link: https://www.econbiz.de/10009204074
In an earlier issue of this journal, Charnes, Cooper, Niehaus and Stedry provided different problem formulations to take into account the multiple attributes that organizations may consider in assigning men to jobs. The present paper shows that their formulations for static multi-attribute...
Persistent link: https://www.econbiz.de/10009208540
We derive a sharp upper bound on the minimal forecast horizon in the discounted dynamic lot size model with constant initial demand. This bound is given by m(m 1), where m is the EOQ's worth, i.e., the number of periods for which the total demand equals Economic Order Quantity. Our results do...
Persistent link: https://www.econbiz.de/10012706709
A quadratic model for production-inventory planning was made famous by Holt, Modigliani, Muth, and Simon in 1960 in [3], especially for its application to a paint factory. A discrete control version of a related quadratic production-inventory model was studied by Kleindorfer, Kriebel, Thompson,...
Persistent link: https://www.econbiz.de/10012746433
This paper considers the problems of a dynamic continuous thief, such as a habitual shoplifter or a gas siphoner, who must choose the pilfering rate (which increases the probability of his arrest over time) to maximize the present value of his total expected gain over a given finite or infinite...
Persistent link: https://www.econbiz.de/10012772027