Since the cost of developing a single offshore oil field usually runs in the tens of millions of dollars, savings due to better development policies could be quite significant. This paper presents a general model for developing offshore fields at minimum cost. The model applies to any field...

Some manufacturing firms, particularly in the high-technology sector, have production processes which are characterized by very low initial yields followed by steady "experience" based yield improvement. Material Requirements Planning literature reveals that MRP implementations are seldom...