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This paper considers the deterministic capacity expansion problem with deterioration. First, the paper extends the conventional model by incorporating capacity deterioration effects and operating costs that are a function of: (i) the age of the facility and (ii) the extent of utilization of...
Persistent link: https://www.econbiz.de/10009191250
A study of water resources development in South Sweden revealed that water consumption unexpectedly stopped growing after construction had begun on a large project to expand water supplies. The project had a long lead time for completion, and planning had been based on traditional deterministic...
Persistent link: https://www.econbiz.de/10009197742
We consider the problem of selecting capacity additions from a finite set of possible facility sizes to meet demand at a single location over an infinite horizon. The problem is motivated and illustrated by an application to the planning for the deployment of long haul transmission facilities in...
Persistent link: https://www.econbiz.de/10009197820
The problem of choosing an optimal initial capacity expansion from a finite number of durable facility sizes is affected by potential future expansion decisions. As we consider such expansions over longer and longer study horizons, the optimal initial facility choice can fluctuate due to...
Persistent link: https://www.econbiz.de/10009197998
The purpose of this paper is to determine the type of company which can benefit from incorporating learning curve analysis into its medium-term capacity planning procedures and the effect of information aggregation on learning curve capacity projections. The research into these two issues uses a...
Persistent link: https://www.econbiz.de/10009214390
Production and capacity expansion decisions are difficult to analyze when there is learning. Later production is less costly, and maybe more profitable, but the company must endure high initial production costs. Mixed integer programming models are presented for optimizing coordinated production...
Persistent link: https://www.econbiz.de/10009218127
optimal conditional on utility functions departing from risk neutrality, or heuristics derived from limited cognitive … standard search task as well as a lottery task designed to elicit utility functions. We find that search heuristics are not …
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