We provide a new formulation and solution procedure to sequence a mixed model just-in-time (JIT) assembly system. Mixed model JIT assembly systems are a fundamental part of the well-known "Toyota Production System." The underlying idea in sequencing these systems is to maintain a constant usage...

The Dynamic Financial Analysis (DFA) system is a useful decision-support system for the insurer, but it lacks optimization capability. This article applies a simulation optimization technique to a DFA system and use the enhanced system to search an Asset-Liability Management (ALM) solution for a...