The relative location of facilities in a functional layout has been determined under the criterion of materials handling cost minimization. Recent advances in analytical methods have provided superior solutions within this criterion hut the validity of certain underlying assumptions must be...

This paper presents a structural and a mathematical framework for the analysis and/or synthesis of a large class of production systems. Service and/or goods producing enterprises are considered to be production systems. The structural framework consists of a generalized schematic involving...

This article presents a mathematical model describing the most general case in equipment investment policy. A systematic study of all other cases in the order of decreasing complexity follows. The general model reduces to their present worth all disbursements and receipts involved in the...

This paper presents a new methodology for determining suboptimum relative location patterns for physical facilities. It presents a computer program governed by an algorithm which determines how relative location patterns should be altered to obtain sequentially the most improved pattern with...

(1) "On a Paper by Scriabin and Vergin" by Elwood S. Buffa, Graduate School of Management, University of California, Los Angeles. (Comments on Scriabin, M., R. C. Vergin. 1975. Comparison of computer algorithms and visual based methods for plant layout. Management Sci. 22 (2) 172-181) (2)...

We introduce a modification of the discounted utility model that accounts for both satiation and habit formation in intertemporal choice. Preferences depend on the satiation level and the habitual consumption level. These two state variables, together with the shape of the value function, drive...

Incentive plans are an integral part of management control since incentives as measures of recognition of performance are significant motivating factors for corporate executives. In this paper we describe how such incentive plans can be devised. We employ multiattribute preference theory in the...

Prior studies have shown that individuals are averse to ambiguity in probability. Many decisions are, however, made in market settings where an individual's decision is influenced by decisions of others participating in the market. In this paper, we extend the previous research to evaluate the...

Most scheduling research has considered optimizing a single performance measure (criterion). In this paper we consider the problem of scheduling jobs on a single machine when the desirability of a schedule is evaluated using more than one performance measure. The procedures developed here can be...

We show how to calibrate a prospect model of decision making under risk for an individual. The prospect model is empirically compared to a utility model on two criteria, verification of the postulates of each model, and predictive accuracy. The empirical comparison is performed via three...