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The most recent optimization algorithm for (s, S) order policies with continuous demand was developed byFedergruen and … Zipkin (1985). This was also the first efficient algorithm, which uses policy iteration instead ofdiscretization. Zheng and … determining the optimal s. Furthermore, we constructtwo aid functions (generated by the optimality conditions for s and S) , and …
Persistent link: https://www.econbiz.de/10010324948
performance measures, demand processes and order policies, and leads toeasier analysis and implementation, than prior research. We … obtain closed form expressions forthe Laplace transforms of the expressions of the performance measures, and with the help of … anefficient inversion algorithm, the approximations of these cost and service measures are almost upto machine precision. …
Persistent link: https://www.econbiz.de/10010324974
In equipment-intensive industries such as truck manufacturing, electronics manufacturing, photo copiers,and airliners …
Persistent link: https://www.econbiz.de/10010325644
In this paper we first show that the gains achievable by integrating pricing and inventory control are usually small … for classical demand functions. We then introduce reference price models and demonstrate that for this class of demand … repeat the success of revenue management in practice if reference price effects are included in the demand model and the …
Persistent link: https://www.econbiz.de/10010421327
In manual order picking systems, order pickers walk or drive through a distribution warehouse in order to collect items which are requested by (internal or external) customers. In order to perform these operations efficiently, it is usually required that customer orders are combined into (more...
Persistent link: https://www.econbiz.de/10010421349
, that is, arrival and departure times, in order to cover possible earliness and tardiness of flights. We solve the problem …
Persistent link: https://www.econbiz.de/10011558815
Persistent link: https://www.econbiz.de/10011318695
do so, we explore a family of statistical models, the regime switching autoregressive models, and the relations that link … them to the fuzzy rule-based models. From these relations, we derive a Lagrange Multiplier linearity test and some …
Persistent link: https://www.econbiz.de/10011807390
, Portugal, Spain and Sweden. The article explores the conditions of the reduction of employment protection and takes a closer …
Persistent link: https://www.econbiz.de/10010266025
The Arrow index of a fuzzy choice function C is a measure of the degree to which C satisfies the Fuzzy Arrow Axiom, a fuzzy version of the classical Arrow Axiom. The main result of this paper shows that A(C) characterizes the degree to which C is full rational. We also obtain a method for...
Persistent link: https://www.econbiz.de/10010271102