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, namely planned leadtimes, safety stock, and lotsizes. Within a discrete-event simulation which mimics the production system …
Persistent link: https://www.econbiz.de/10010869101
, distribution centers and recovery plants. To solve the model we have combined optimization and simulation procedures. …
Persistent link: https://www.econbiz.de/10005772139
proposed approach, Production Simulation (PS) is also employed to generate test data. According to experimental results, the …
Persistent link: https://www.econbiz.de/10008755642
properties of the procedure and evaluates its practical performance by means of a Monte Carlo simulation study. Finally, it …
Persistent link: https://www.econbiz.de/10010773866
In this paper, the authors develop a new estimation method that is suitable for censored models with two high-dimensional fixed effects and that is based on a sequence of least squares regressions, yielding significant savings in computing time and hence making it applicable to frameworks in...
Persistent link: https://www.econbiz.de/10010983179
Computation and Simulation have always played a role in economics – whether it be pure economic theory or any variant …
Persistent link: https://www.econbiz.de/10010584026
Optimization algorithms must be among the most common numerical methods used by economists. Yet, there is surprisingly little guidance on choosing the appropriate one. This problem is most notable with regard to conventional versus global optimizers. Typically, a global optimizer is used when a...
Persistent link: https://www.econbiz.de/10005134567
, economists avoid - even positively abhor - reliance on simulation. We disagree with the mildly qualified affirmative answer given …
Persistent link: https://www.econbiz.de/10009024789
algorithm is used in the scheduling optimization. Its multi-objective function includes total flowtime, total machine idle time …
Persistent link: https://www.econbiz.de/10005482495
In this paper we give an overview of recent developments in the field of modeling single-level dynamic lot sizing problems. The focus of this paper is on the modeling various industrial extensions and not on the solution approaches. The timeliness of such a review stems from the growing industry...
Persistent link: https://www.econbiz.de/10005450994