Purpose: The purpose of this paper is to study the Manufacturers pallet-loading problem (MPLP), by loading identical small boxes onto a rectangle pallet to maximise the pallet utilization percentage while reducing the Complexity of loading. Design/methodology/approach: In this research a Block...

The algorithm for optimization of a credit portfolio has not been fully demonstrated. This paper fills the gap in the literature by presenting a general approach for optimizing a credit portfolio by minimizing the default risk of the entire portfolio. Default risk is measured with quadratic...

Background: Dual-level stochastic programming is a technique that allows modelling uncertainty at two different levels, even when the time granularity differs vastly between the levels. In this paper we study the problem of determining the optimal fleet size and mix of vessels performing...

Currently, the supplier selection process is considered as an integral part of the supply chain. The appropriate selection of suppliers plays a preponderant role in the performance chain of supply as it determines relevant aspects such as cost management and flexibility of most production...

Considering a temporal dimension allows for the delivery of rolling solutions to complex real-world problems. Moving forward in time brings uncertainty, and large margins for potential error in solutions. For the multi-year crop planning problem, the largest uncertainty is how the climate will...

We study semigroups of convex monotone operators on spaces of continuous functions and their behaviour with respect to Г-convergence. In contrast to the linear theory, the domain of the generator is, in general, not invariant under the semigroup. To overcome this issue, we consider different...

This article presents a new approach for building robust portfolios based on stochastic efficiency analysis and periods of market downturn. The empirical analysis is done on assets traded on the Brazil Stock Exchange, B3 (Brasil, Bolsa, Balcão). We start with information on the assets from...

Das Ziel dieser Arbeit ist es Verfahren zu entwickeln, welche Lösungen zur Re-duzierung des Bestandes bei den obsoleten Artikeln mit unregelmäßigem oder keinem Bedarf anbieten werden. Hierfür erarbeitete der Autor zwei Algorithmen, welche Berechnung der Logistikkosten beinhalten. Die...

This article establishes the Poisson optional stopping times (POST) method by [22] as a near-universal method for solving liquidity-constrained American options, or, equivalently, penalised optimal-stopping problems. In this setup, the decision maker is permitted to "stop", i.e. exercise the...

This paper discusses the makespan minimization of a production batch within a specific concurrent system, seru production system. A seru production system consists of multiple independent serus. A seru is a compact assembly origination in which products are assembled...

Today's volatile market conditions in electronic industries have lead to a new production system, seru (which is the Japanese pronunciation for cell), and has been widely implemented in hundreds of Japanese and other Asia companies. In particular, the rotating seru has been widely implemented,...