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This paper deals with a practical application of queueing theory. In particular, an approximate but quick method is developed for solving a fleet sizing and allocation problem. The problem concerns an optimal allocation of the total available transport vehicle units to many fleets in such a way...
Persistent link: https://www.econbiz.de/10009198075
The time and cost required for offshore construction operations are often dominated by the influence of weather, particularly wave heights. Historical wave height data can be summarized in a simple probabilistic model that can be used in a Monte Carlo simulation of the construction operations....
Persistent link: https://www.econbiz.de/10009209341