A review of the basic theory of optimal open-source software contributions points to three keyfactors affecting supply: non-pecuniary benefits, future expected monetary returns, and opensourcelicence type...

Real options present a wide topic in investment litterature nowadays. However, despite bigadvances in the single asset investment pricing, the theory is miser of informations aboutproblems involving more than one asset. We show in this paper that using dynamic programming,one can find an...

The generation of leveled production schedules is of high impor-tance for mixed-model assembly lines whose parts and materials are suppliedjust-in-time by multi-level production processes. The Output Rate Variatonproblem is the standard mathematical representation of this complex levelscheduling...

Transshipment yards, where gantry cranes allow for an ecient transshipment of containersbetween different freight trains, are important entities in modern railway systems andfacilitate the general shift from point-to-point transport to hub-and-spoke railway systems.Modern rail-rail transshipment...

A mixed-model assembly line enables the joint production of different models of acommon base product in intermixed model sequence (lot size one). Previous approachesfor the short-term planning task of model sequencing either aim at minimizingwork overload (mixed-model sequencing and car...

The valuation of Flexible Manufacturing Systems is one of the most frequently undertaken productivity improvementactivities. In practice, the introduction of an FMS into industry must be done on the basis of cost justification.Recently developed techniques for the evaluation of the value of...

We analyze numerically the superreplication problem and the associatedhedging strategy in an illiquid binomial market. We prove theexistence of an optimal feedback strategy for European and barrier optionsand compute it numerically by means of a dynamic programmingprinciple. We exhibit that the...

We consider an artificial population of forward looking heterogeneous agents making decisions between schooling, employment, employment with training and household production, according to a behavioral model calibrated to a large set of stylized facts. Some of these agents are subject to policy...

We develop a method that allows one to compute incomplete-market equilibria routinely forMarkovian equilibria (when they exist). The main difficulty to be overcome arises from the setof state variables. There are, of course, exogenous state variables driving the economy but, in anincomplete...

In this paper we study the integration of production, transportation and storage decisions ina multi plant-distribution center supply chain structure. Multiple plants produce one type ofitem, each of them with different production capacity and costs, and send finished goods tothe distribution...