We revisit the problem of calculating the exact distribution of optimal investments in a mean variance world under multivariate normality. The context we consider is where problems in optimisation are addressed through the use of Monte-Carlo simulation. Our findings give clear insight as to when...

Purpose: This paper describes a typical Value stream mapping (VSM) application enhanced by the discrete event simulation (DES) to a dedicated tubular manufacturing process. Design/Methodology/Approach: VSM is prescribed as part of lean production portfolio of tools, not only highlights process...

Purpose – The purpose of this paper is to establish a paint deposition pattern model applied to robotic air spray painting in order to achieve the accuracy and uniformity of paint film thickness on free‐form surface. Design/methodology/approach – The paper opts for an exploratory study...