Consider a firm that markets multiple products, each manufactured using several resources representing various types of capital and labor, and a linear production technology. The firm faces uncertain product demand and has the option to dynamically readjust its resource investment levels,...

Brownian networks are a class of linear stochastic control systems that arise as heavy traffic approximations in queuing theory. Such Brownian system models have been used to approximate problems of dynamic routing, dynamic sequencing and dynamic input control for queuing networks. A number of...

Brownian networks are a class of linear stochastic control systems that arise as heavy traffic approximations in queueing theory. Such Brownian system models have been used to approximate problems of dynamic routing, dynamic sequencing and dynamic input control for queueing networks. A number of...

We investigate near-shoring a small part of the global production to local \emph{SpeedFactories} that serve only the variable demand. The short lead time of the responsive SpeedFactory reduces the risk of making large volumes in advance, yet it does not involve a complete re-shoring of demand....