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Most decision support systems (DSS) contain stored data, data analysis procedures, and decision models. However, many DSS have grown to the point that the average end user is presented with a bewildering array of information resources that are difficult to manage in an effective manner. As a...
Persistent link: https://www.econbiz.de/10009214833
When using a decision support system (DSS) containing a large model base, a user has to decide which specific models are relevant for any particular task. When the model base is large and diverse, this task can be quite difficult. Furthermore, the number and variety of models available can be...
Persistent link: https://www.econbiz.de/10009191975
Decision models are often based on certain assumptions as to their validity. Relevant assumptions may include value-based assumptions, such as limitations on the range or values of some input variables or exogenous factors, as well as assumptions about model structure (e.g., linearity). In a...
Persistent link: https://www.econbiz.de/10009197604
We consider a finite-horizon, multiechelon inventory system in which the surplus of stock can be sold (i.e., disposed) in the secondary markets at each stage in the system. What are called <i>nested echelon order-up-to policies</i> are shown to be optimal for jointly managing inventory replenishments...
Persistent link: https://www.econbiz.de/10010990555
heuristics accompanied with extensive computational tests regarding their performance. It is shown that our algorithms … consistently perform near optimally. Using these heuristics, we perform experiments on the effect of operating flexibility on …
Persistent link: https://www.econbiz.de/10009209061
Cyclical scheduling, where the time between production periods for each item is constant, offers simplicity and ease of control compared with noncyclical scheduling, where production periods are irregularly spaced. However, when demands are dynamic, flexibility in the spacing of production...
Persistent link: https://www.econbiz.de/10009209080
This paper explores a technique for developing a conference (or class) schedule that maximizes the servicing of participant requests for sessions. Data regarding participant interests are collected before the time the schedule is generated. The problem contains two principal parts: (1) to...
Persistent link: https://www.econbiz.de/10009209211
This paper discusses the selection and design of heuristic procedures for solving one-dimensional roll trim problems. These are well-defined combinatorial problems which are too large to optimize. Five different roll trim problems from the paper and film industries are described along with the...
Persistent link: https://www.econbiz.de/10009209348
of such systems makes simulation and heuristics essential in studying them. In this paper we develop some theoretical … developing heuristics to deal effectively with particular cases. Reversibility deals with certain permutations of the machines …
Persistent link: https://www.econbiz.de/10009209425
In many industries, managers face the problem of selling a given stock of items by a deadline. We investigate the problem of dynamically pricing such inventories when demand is price sensitive and stochastic and the firm's objective is to maximize expected revenues. Examples that fit this...
Persistent link: https://www.econbiz.de/10009213994