Showing 1 - 3 of 3
We research the management approach that quantitatively combines decisions that affect different planning horizons--namely, the strategic and operational ones--and simultaneously derive the optimal values of these decisions. The system we investigate comprises retail outlets and customers in an...
Persistent link: https://www.econbiz.de/10009203969
In this paper we consider the problem of developing an acquisition policy. Specifically, given a set of potential (qualified) suppliers, from whom should the firm buy the product, in what quantities, and how often? We provide properties of the optimal solution and relate them to the approach of...
Persistent link: https://www.econbiz.de/10009189745
We consider the case of a batch of discrete units produced by a process subject to failures under a known probability distribution function, and apply information theory to the problem of finding the first nonconforming unit in the batch at minimum cost. Two distinct but related aspects of this...
Persistent link: https://www.econbiz.de/10009191949