This paper studies the interplay between the operational and financial facets of capacity investment. We consider the capacity choice problem of a firm with limited liquidity and whose access to external capital markets is hampered by moral hazard. The firm must therefore not only calibrate its...

This paper considers a tandem queueing system, in which stage 1 has one station serving multiple classes of arriving customers differing in their service requirements and related delay costs, and stage 2 has multiple parallel stations, each of which provides one type of service. Each station has...

Using reverse logistics in production systems can help to reduce costs. However, it can also mean introducing a source of uncertainty in the system behavior. In this study we present a method for calculating the optimal manufacturing and remanufacturing capacities of a system with reverse...

We present an algebraic version of an iterative multigrid method for obstacle problems, called projected algebraic multigrid (PAMG) here. We show that classical AMG algorithms can easily be extended to deal with this kind of problem. This paves the way for efficient multigrid solution of...

Ever since the publication of Pontryagin's Maximum Principle, the number of its applications to management science problems has been steadily growing. This paper is an up-to-date survey of the applications of the deterministic maximum principle to the three functional areas of management:...