We consider a non-repetitive manufacturing environment where the first stage will successively process different types of items that require different set up modes. Optimal sublot sizes are determined by studying the trade-off between the cost and time spent in restoration and rework. In...

We consider a non-repetitive manufacturing environment where the first stage will successively process different types of items that require different set up modes. Optimal sublot sizes are determined by studying the trade-off between the cost and time spent in restoration and rework. In...

For the last decade Canadian energy policy and oil pricing policy have been subjects of heated debate, dividing the country into several interest groups. The debate began when the federal government shielded the Canadian consumer from rapid world oil price increases by freezing domestic wellhead...

We consider the problem of portfolio selection for a risk averse investor wishing to allocate his resources among several investment opportunities in order to maximize the expected utility of final wealth. The calculation of the optimal investment proportions generally requires the solution of a...

This paper presents a stochastic linear programming formulation of a firm's short term financial planning problem. This framework allows a more realistic representation of the uncertainties fundamental to this problem than previous models. In addition, using Wets's algorithm for linear simple...