Showing 1 - 10 of 1,167
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
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 Federgruen (1991) developed an even more efficient...
Persistent link: https://www.econbiz.de/10010324948
This paper extends a fundamental result about single-item inventory systems. This approachallows more general performance measures, demand processes and order policies, and leads toeasier analysis and implementation, than prior research. We obtain closed form expressions forthe Laplace...
Persistent link: https://www.econbiz.de/10010324974
In equipment-intensive industries such as truck manufacturing, electronics manufacturing, photo copiers,and airliners, service parts are often slow moving items for which, in some cases, the transshipment timeis not negligible. However, this aspect is hardly considered in the existing spare...
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 functions the benefits of integration with inventory control...
Persistent link: https://www.econbiz.de/10010421327
intuitively appealing explanation, based on regime switching in the real interest rate and learning, of why tests based on the …
Persistent link: https://www.econbiz.de/10010333073
This paper focuses on Single machine scheduling subject to inventory constraints. Jobs add and remove items to and from, respectively, the inventory. Jobs that remove items cannot be processed if the required number of items is not available. We consider scheduling problems on a Single machine...
Persistent link: https://www.econbiz.de/10011558720
How do people learn? We assess, in a distribution-free manner, subjects' learning and choice rules in dynamic two …-armed bandit (probabilistic reversal learning) experiments. To aid in identification and estimation, we use auxiliary measures of … subjects' beliefs, in the form of their eye-movements during the experiment. Our estimated choice probabilities and learning …
Persistent link: https://www.econbiz.de/10010277527
Context: Learning through scenario training and live simulation in vocational education is generally regarded as an … effective tool for developing professional knowledge. However, previous research has largely overlooked the learning of students … in secondary roles in scenario training. The objective of this study is to explore learning for students who act in …
Persistent link: https://www.econbiz.de/10012015989
Recent literature shows that learning in oligopoly games might in the long run result in the Cournot or in the Walras … equilibrium. Which outcome is achieved seems to depend on the underlying learning dynamics. This paper analyzes the forces behind … the learning mechanisms determining the long run outcome. Apart from the fact that there is a difference between social …
Persistent link: https://www.econbiz.de/10010317627