The completion of a typical project hinges upon receiving all the purchased components by thetime they are scheduled to be used. Some of these components may have long stochastic leadtimes, so the project manager is tempted to order them ASAP, to avoid the (usual) high penaltiesassociated with...

Manufacturing management information systems are in arelatively less mature state than financial information systems.This difference in maturity is due in part, to historicalreasons, and to the complex and dynamic nature of manufacturingsystem attributes. This research compares the various...

The paper discusses the value of information when a numberof independent sources provide information related to acommon set of states of nature.The starting point is the Information Economic model ofInformation Structures. The model is augmented to representindependence of informational sources...