Today supply chains leverage their partner's competencies and in the process also inherit the risks associated with various links of a supply chain. Although it is impossible to completely eliminate various risks, an environment can be created which helps to effectively mitigate risk. The most...

When a batch of jobs are waiting for services from a machine or resource, sometimes it is desirable to minimise the variance of job waiting times Waiting Time Variance (WTV) for service stability to all the jobs in the batch so that the jobs have about the same waiting times. Many factors,...

Today supply chains leverage their partner's competencies and in the process also inherit the risks associated with various links of a supply chain. Although it is impossible to completely eliminate various risks, an environment can be created which helps to effectively mitigate risk. The most...

When a batch of jobs are waiting for services from a machine or resource, sometimes it is desirable to minimise the variance of job waiting times Waiting Time Variance (WTV) for service stability to all the jobs in the batch so that the jobs have about the same waiting times. Many factors,...