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This paper describes the results of two studies where decentralized planning has been simulated. The coordination mechanisms employed were based on the Dantzig-Wolfe decomposition algorithm, and the Ten Kate decomposition algorithm, which are price directive and budget directive planning...
Persistent link: https://www.econbiz.de/10009208974
The typical statistical cost control model determines when a cost deviation is significant, but does not determine the optimum search procedure for restoring the process to a state of control. This search procedure is important because any given cost deviation may be the result of a number of...
Persistent link: https://www.econbiz.de/10009190726
Network scheduling activities are usually addressed in a two-stage process of static schedule determination and subsequent control monitoring. A more complete view combines these two subsets of decisions with information acquisition decisions into a dynamic optimization framework. Such a...
Persistent link: https://www.econbiz.de/10009198238
Traditional standard cost variance analysis procedures are examined as motivational devices in a principal-agent model. The reexpressing of a cost realization into components (such as individual factor price and quantity variances) is shown to be useful if an incentive problem exists and if the...
Persistent link: https://www.econbiz.de/10009208967