In todays highly competitive market, firms have to focus on their core competencies to achieve success. While enjoying the benefits of building a highly integrated supply chain, firms also expose themselves to uncertain events, which are generally called as risks. Considering the importance of...

Data Envelopment Analysis is a methodology which is used to determine relative efficiencies between decision making units (DMU). It can be used in various industries such as hospitals, banks and schools to name a few. The objective of this thesis is to provide a comparative analysis of different...

The airline industry is an area where fierce competition exists. Maximizing revenue is an important target for the airlines. This is known as revenue management or yield management. A lot of research has been done in this area to help the airlines achieve their goals.Recently, some of the...

ABSTRACTTaguchis quadratic loss function is used to capture the effect of nonconformance to target values of quality characteristics in monetary values. Despite the merits of its idea, there are major limitations of the quadratic loss function especially its use of a proportionality constant...

For the past several decades, advances in manufacturing and supply chain management have improved the business environment. Nonetheless, dynamics, such as various unexpected disruptions and uncertainties, in business operations have significant impact on decision-making efficiency. Adoption of...

In todays rapidly changing global world, the sustainability of an organization depends not only upon its financial performance, but also upon its environmental and social performance. It is suggested that policy makers, and corporate and engineering managers integrate economic, environmental and...

Industry leaders in todays global market strive for continuous improvement in order to remain competitive. One method used by firms for cutting costs and improving efficiency is Design for Supply Chain (DFSC). The objective of this methodology is to design the supply chain in parallel to...

Since 1990 many countries have started a deregulation process in the electricity wholesale market with a view to gaining in efficiency, lowering prices and encouraging investments. In most of the markets these objectives have been accomplished, but at the same time, prices have shown high...