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Abstract A comprehensive economic cost function is derived for a modified variable sample size and sampling interval (MVSSI) chart. As a variable sample size and sampling interval, a variable sample size, a variable sampling interval, and a static charts are particular cases of an MVSSI chart,...
Persistent link: https://www.econbiz.de/10014590840
Purpose The purpose of this paper is to develop an equilibrium displacement model (EDM) that is able to evaluate the impacts of a free trade agreement (FTA) on the profits of farmers. Empirical applications of the developed EDM are performed for evaluating the influences of Korea-Chile FTA on...
Persistent link: https://www.econbiz.de/10014881384
This study examines the characteristics of a prediction model for businesses in the online marketplace by considering the market trend, prior sales and decision maker's preference on potential demand estimate. With the rapid growth of the electronic market, the main challenge for online sellers...
Persistent link: https://www.econbiz.de/10012048376
Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places...
Persistent link: https://www.econbiz.de/10015013511
Standard economic theory based on the rationality assumption predicts optimal provisions for retirement by individuals …. This article attempts to test the role of selected heuristics as well as the influence of framing of choices in financial … advice from financial experts Results of chi-square tests further confirmed the existence of the selected heuristics and …
Persistent link: https://www.econbiz.de/10012042559
Although greedy algorithms are important, nowadays it is well assumed that the solutions they obtain can be used as a starting point for more sophisticated methods. This paper describes an evolutionary approach which is based on genetic algorithms (GA). A constructive heuristic, so-called fuzzy...
Persistent link: https://www.econbiz.de/10012042715
This paper presents mathematics of the so-called fuzzy greedy evaluation concept which can be integrated into approaches for hard combinatorial optimization problems. The proposed method evaluates objects in a way that combines fuzzy reasoning with a greedy mechanism, thereby exploiting a fuzzy...
Persistent link: https://www.econbiz.de/10012042989
In present manufacturing environment, the reentrant scheduling problem is one of the most important issues in the planning and operation of production systems. It has a large scope such as capacity distribution and inventory control. On the other hand, the markets are very competitive; it is a...
Persistent link: https://www.econbiz.de/10012045791
This article presents mathematics of a generic polynomial-time heuristic which can be integrated into approaches for hard combinatorial optimization problems. The proposed method evaluates objects in a way that combines fuzzy reasoning with a greedy mechanism, thereby exploiting a fuzzy solution...
Persistent link: https://www.econbiz.de/10012046954
A major challenge faced by hospitals is to provide efficient medical services. The problem studied in this article is motivated by the hospital sterilization services where the washing step generally constitutes a bottleneck in the sterilization services. Therefore, an efficient scheduling of...
Persistent link: https://www.econbiz.de/10012047527