This study investigates multiperiod service level (MSL) policies in supply chains facing a stochastic customer demand. The objective of the supply chains is to construct integrated replenishment plans that satisfy strict stockout-oriented performance measures which apply across a multiperiod...

The present paper proposes a mathematical model and a solution approach to the Stochastic Capacity Planning and Dynamic Network Design Problem. Here, strategic decisions usually comprise developing the necessary capacity — through either incrementing capacity on existing assets (facilities or...

This paper investigates the farm level impacts of multiple peril yield and revenue insurance in an expected value-variance framework. The analysis is conducted using stochastic simulation jointly with numerical optimisation. Simulation is used to compute the means and variances of revenues as...

Stochastic programming is widely applied in financial decision problems. In particular, when we need to carry out the actual calculations for portfolio selection problems, we have to assign a value for each expected return and the associated conditional probability in advance. These estimated...

Decision making about portfolio selection problem under uncertainty is very important and critical, so it is rational and necessary to use ideas of a DM who is proficient in stochastic problems. For example, the Goal Attainment Programming (GAP) is one of the methods in priori category that...

Competitive tendering of local public transport services has been allowed in Norway since 1994. By 2005, 28 percent of all route production in Norway was procured on the basis of tendered contracts, covering around 40 percent of all passengers. The majority of the tendered contracts were gross...

В статье описаны бизнес процессы управления закупками и положительные стороны автоматизации и реинжиниринга. Автоматизированные информационные системы и...