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In recent decades, warranties have become more important in deciding the overall product quality. In this thesis, we use warranty as the planning tool to improve product quality during the customer phase. We develop an analytical framework that consists of systematic planning methods to reduce...
Energy plays a vital role in the world today, driving industry and allowing for technologies ingrained throughout the routines of daily life. The complex interactions, evolution, long time scales of change, and critical nature of the energy system makes modeling and analysis crucial to...
The State Utility Forecasting Group (SUFG) at Purdue University utilizes econometric and end-use models to develop forecasts of electricity prices and demand on a timely basis for the Indiana Utility Regulatory Commission, in compliance with Indiana Code 8-1-8.5. As part of this procedure, SUFG...
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...