It is well-known that the production decisions are influenced by the state of the production process. Therefore, the process must be maintained in top operating conditions through adequate maintenance programmes. A supply chain with one producer and multiple newsvendors is considered in this...

This paper analyses the effects of various maintenance policies and part arrival patterns on the performance of a flexible manufacturing cell (FMC). A simulation analysis coupled with design of experiments is utilised in the study. In particular, the design of experiments includes maintenance...

Over $47 billion of tax exempt debt issues were sold to the public in 1982. A portion of this total was offered to municipal bond underwriters under a competitive bidding system using the criterion of minimum true interest cost (internal rate of return). The TIC bidding problem may be formulated...

The production and logistics operations planning in real-life single- or multi-site semicontinuous food industries is addressed in this work. A discrete/continuous-time mixed integer programming model, based on the definition of families of products, is developed for the problem in question. A...

In the proposed model, the independent system operator (ISO) provides the opportunity for maintenance outage rescheduling of generating units before each short-term (ST) time interval. Long-term (LT) scheduling for 1 or 2years in advance is essential for the ISO and the generation companies...

Distribution systems are the first volunteers experiencing the benefits of smart grids. The smart grid concept impacts the internal legislation and standards in grid-connected and isolated distribution systems. Demand side management, the main feature of smart grids, acquires clear meaning in...

This paper investigates the behaviour of a system composed of N independent unit subject to failure. A single repair facility is available to attend to the failed unit. At a random time interval the system is overhauled and put back in operation as a new. The method of the supplementary variable...

This paper addresses statistical estimation problems of the optimal repair-cost limits minimizing the long-run average costs per unit time in discrete seting. Two discrete repair-cost limit replacement models with/without imperfect repair are considered. We derive the optimal repair-cost limits...

A large class of problems of sequential decision making under uncertainty, of which the underlying probability structure is a Markov process, can be modeled as stochastic dynamic programs (referred to, in general, as Markov decision problems or MDPs). However, the computational complexity of the...