A finite batch of units is produced by a process subject to random failures. The process starts from the in-control state and may shift, while producing a unit, to the out of control state. We consider the case that inspection is conducted after all the units of the batch have been produced,...

We develop a model for a one-time special purchasing opportunity where there is uncertainty with respect to the materialization of the discounted purchasing offer. Our model captures the phenomenon of an anticipated future event that may or may not lead to a discounted offer. We analyze the...

We research the management approach that quantitatively combines decisions that affect different planning horizons--namely, the strategic and operational ones--and simultaneously derive the optimal values of these decisions. The system we investigate comprises retail outlets and customers in an...

In this paper we consider the problem of developing an acquisition policy. Specifically, given a set of potential (qualified) suppliers, from whom should the firm buy the product, in what quantities, and how often? We provide properties of the optimal solution and relate them to the approach of...

We consider the case of a batch of discrete units produced by a process subject to failures under a known probability distribution function, and apply information theory to the problem of finding the first nonconforming unit in the batch at minimum cost. Two distinct but related aspects of this...