We study the impact of Standard Setting Organization (SSO) intellectual property rights (IPR) policies on standardization and innovation. Specifically, we conduct a pair of event studies for two well known IPR policy revisions: a switch from Fair Reasonable and Non-Discriminatory (FRAND) to...

This paper summarizes the results of its detailed version, which considers optimal infinite horizon stochastic production planning problems with capacity and demand to be finite state Markov chains. Turnpike set concepts are introduced to characterize the optimal inventory levels. It is shown...

This paper presents a state-of-the-art review of asymptotic analyses of hierarchical manufacturing systems with stochastic demand and machines subject to breakdown and repair. The rate of change in machine states is much larger than the rate of fluctuation in demand and the rate of discounting...

This paper presents an asymptotic analysis of hierarchical investment and production decisions in a manufacturing system with machines subject to breakdown and repair. The demand facing the system is assumed to be a given constant. The production capacity can be increased by purchasing a new...

This paper presents an asymptotic analysis of hier­archical marketing-production systems with stochastic demand and stochastic production capacity (machines are subject to bre­akdown and repair). Our control variables are advertising and production rates which influence demand and inventory...

This paper presents an asymptotic analysis of hierarchical production planning in a manufacturing system with two tandem machines that are subject to breakdown and repair. Since the number of parts in the buffer between the two machines needs to be non-negative, the problem is inherently a state...

This paper presents an asymptotic analysis of hierarchical marketing-production systems with stochastic demand and stochastic production capacity due to machine breakdown and repair. Our control variables are advertising and production rates which influence demand and inventory levels. The...

This paper is concerned with hierarchical control of stochastic manufacturing systems with machines whose capacity states are governed by a Markov process dependent on the rates of production. The objective is to choose production rates that minimize the total inventory/shortage and production...

We consider a production planning problem in an N-machine flowshop subject to breakdown and repair of machines and to non-negativity constraints on work-in process. The machine capacities and demand processes are assumed to be finite-state Markov chains. The problem is to choose the rates of...

Most manufacturing systems are large and complex and operate in an uncertain environment. One approach to managing such systems is that of hierarchical decomposition. This paper reviews the research devoted to proving that a hierarchy based on the frequencies of occurrence of different types of...