The interaction between two demand-streams sharing a common manufacturing capacity is a commonly observed phenomenon in the business-world. This study aims to analyze the business situations where the two demand-streams differ in their variability. A prime motivation for this study comes from...

In managing economic risks, it is necessary for a company in the process industries to allow for uncertainties in the amount of each product that can be sold, how much material is available for production, as well as prices and costs. The goal is to optimize a company's profit criterion without...

At the national level, drug policy is a resource allocation problem. Resources are allocated to programs to reduce the demand for, and supply of, illegal drugs. Supply-side programs have traditionally garnered the largest share of the federal drug control budget. In recent years, emphasis within...

Electricity utilities in the Southern African region are conscious that gains could be made from more economically efficient trading but have had no tools with which to analyze the effects of a change in policy. This research is the first to provide transparent quantitative techniques to...

New products are vital to the economic success of businesses. The speed and market dynamics of innovation in industry are important to understand when developing a business strategy from areas such as research funding to corporate structure. Developing a better understanding of the typical...

Pricing is a critical issue in the strategic marketing of durable goods, both to companies selling goods and to consumers choosing among alternative products. The multi-dimensional pricing of durable goods is a complex problem. We are interested in the basic question of how profit maximizing...

Due to the re-emergence of the H5N1 avian influenza virus in recent years, many public health experts believe that the world is closer to a pandemic event than at any time since the 1968 Hong Kong flu (H3N2) outbreak. Thus, governmental and private organizations have invested significant...

This study investigates the development of strategies for controlling a NASA ALS/NSCORT system. The water subsystem is the focus due to the complexity of the overall system, and because water is one of the most expensive and crucial resources for human survival. A water-treatment model is...

The efficiency and the effectiveness of supply chain networks primarily rely on facility location decisions. However, these decisions are closely related to the other supply chain management decisions, i.e., inventory management and transportation decisions. Therefore, the main goal of this...

Uncertain electricity load variation could incur additional costs associated with some specific decisions to resolve its impacts. Price volatility also becomes one of the major concerns for the operation planning and scheduling problem, resulted from the emergence of electricity markets. Since...