In this article, we study the control of stochastic make-to-stock manufacturing lines in the presence of electricity costs. Electricity costs are difficult to manage because unit costs increase with the total load, i.e., the amount of electricity needed by the manufacturing line at a certain...

Logistics providers typically own large fleets of transportation vehicles such as rail cars or trucks. These fleets do not only determine to a large extent the service level the company can offer, but also make up a large part of total costs. Proper management of the fleet is therefore a crucial...