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.

We consider a competitive version of the traditional aggregate production planning model with capacity constraints. In the general case, multiple products are produced by a group of competing producers with limited capacities. Production quantities, prices and consequently profits depend on...

The goal of this paper is represented by the analysis of the competitive behaviour at rural household level in Ţara Haţegului, according to the economic size of the agricultural activities performed. If we extrapolate the mechanism from firm level to agricultural household level,...