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The second part of the thesis focuses on a different stochastic problem of finding the optimal hedging points in a manufacturing flow control system. Our simulation-based method allows solving large scale systems that are considered very difficult to solve by current standards in the literature.
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This paper analyses the flexibility decision of firms. In particular we (a) ask whether the flexibility choice is … flexibility decisions (c) investigate the determinants of flexibility empirically for a panel of 4-digit U.S. manufacturing … industries and (d) specifically analyse the flexibility decision in the U.S. food manufacturing industries. The paper is …
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