Although uncertainty is rife in many project management contexts, little is known about adaptively optimizing project schedules. We formulate the problem of adaptively optimizing the expected present value of a project's cash flow, and we show that it is practical to perform the optimization....

We define discrete time sequential games which are multiperson Markov decision processes. The extant theory is sketched and compared with our assessment of research needs in dynamic models of oligopoly and other competitive resource allocation problems. A special class of economic survival games...

Beckmann [1] and Mills [7] consider production smoothing problems in which demands are random variables. This paper generalizes and extends Beckmann's results which predicate backlogging of excess demand. Convex expected holding and penalty cost functions pertain to inventory and the cost of...

We model a firm's decisions about product innovation, focusing on the extent to which features should be improved or changed in the succession of models that comprise a life cycle. We show that the structure of the internal and external environment in which a firm operates suggests when to...

The queuing models constructed here have the feature that a service facility tends to lose its customers if they often encounter lengthy delays. Structurally, the arrival processes are assumed to depend on past waiting times, hence on past arrival and service processes. The cases investigated...

We consider the problem of periodically choosing production quantity and manufacturing capacity with the latter constraining the former. It is assumed that capacity can be altered at a cost that is proportional to the amount of change and that other capacity costs are proportional to the...

We consider nonstationary deterministic production smoothing problems with coats for starting and halting production. Inventory holding costs and production costs are assumed to be concave. The algorithms developed for optimal policies exploit known features of the economic lot size problem.