Showing 1 - 9 of 9
Recently, it has been recognized that revenue management of cruise ships is different from that of airlines or hotels. Among the main differences is the presence of multiple capacity constraints in cruise ships, i.e., the number of cabins in different categories and the number of lifeboat seats,...
Persistent link: https://www.econbiz.de/10008865295
Reducing congestion is a primary concern in the design and analysis of queueing networks, especially in systems where sources of randomness are characterized by high variability. This paper considers a multiserver first-come, first-served (FCFS) queueing model where we arrange servers in two...
Persistent link: https://www.econbiz.de/10009218006
We consider a single-leg cargo revenue management problem, in which a two-dimensional cargo capacity is sold through allotment contracts and in the spot market. Capacity sold on an allotment basis is guaranteed. We optimally solve the problem of determining how much of the total weight and...
Persistent link: https://www.econbiz.de/10011117001
Persistent link: https://www.econbiz.de/10011006167
This paper considers an inventory system within the economic order quantity (EOQ) model framework under random supply. The production process can go "out-of-control" with a constant probability and start producing imperfect quality items. Such a system has been studied in the literature under...
Persistent link: https://www.econbiz.de/10008523121
We rectify a flaw in an economic order quantity (EOQ) model with unreliable supply, characterized by a random fraction of imperfect quality items and a screening process, developed by Salameh and Jaber [2000. Economic production quantity model for items with imperfect quality. International...
Persistent link: https://www.econbiz.de/10005188829
Reserve stocks are needed in a wide spectrum of industries from strategic oil reserves to tactical (machine buffer) reserves in manufacturing. One important aspect under-looked in research is the effect of deterioration, where a reserve stock, held for a long time, may be depleted gradually due...
Persistent link: https://www.econbiz.de/10010738152
We consider a standard economic production quantity (EPQ) model. Due to manufacturing variability, a fraction P of the produced inventory will have imperfect quality, where P is a random variable with a known distribution. We consider a 100% inspection policy and further assume that the...
Persistent link: https://www.econbiz.de/10010597263
This paper considers a variant of the economic order quantity (EOQ) model under random supply. A binomial supply model is adopted where every item received is of imperfect quality with the same probability. We study the realistic case where the qualities of items in an order are correlated and...
Persistent link: https://www.econbiz.de/10010665782