In this paper we evaluate an indivisible investment project that is carried out in a corporation under very simple premises. In particular, we discuss a one-period model with certainty, the pure domestic case and proportional tax rates. Surprisingly, the decision problem turns out to be rather...

The main aim of the paper is to highlight the relation between flexibility and vertical integration. To this purpose, we go through the selection of the optimal degree of vertical disintegration of a flexible firm which operates in a dynamic uncertain environment. The enterprise we model enjoys...

It is a well-known fact that there exists an ever increasing number of problems for which, despite the efforts of many inventive and persistent researchers, it seems virtually impossible to find efficient algorithms. In this Situation, the theory of computational complexity may provide helpful...

This article presents a mathematical model for barge transport planning on the river Rhine, which is part of a decision support system (DSS) recently taken into use by the Swiss company Omya. The system is operated by Omya's regional office in Cologne, Germany, responsible for distribution...

The International Council for the Exploration of the Sea (ICES) is the central scientific network within the massive set of bureaucracies that is responsible for Europe's Common Fisheries Policy (CFP). While spending the past 25 years failing to sustain Europe's fish stocks, this management...

Decisions under risk are often multidimensional, where the preferences of the decision maker depend on several attributes. For example, an individual might be concerned about both her level of wealth and the condition of her health. Many times the signs of successive cross derivatives of a...

In railway transportation, each train needs to have a timetable that specifies which track at which time will be occupied by it. This task can be addressed by automatization techniques both in generating a timetable and in optimizing an existing one. In this paper, we give an overview on the...

Facing harsh competition in global marketplaces, management must construct the best possible supply chains to meet client requirements of quality, timely, and diverse products. To accelerate the fabrication rate can help shorten the length of the refilling cycle, and the reworking of repairable...