This paper provides a comparative analysis of five possible production strategies for two kinds of flexibility investment, namely flexible technology and flexible capacity, under demand fluctuations. Each strategy is underpinned by a set of operations decisions on technology level, capacity...

We consider the problem of scheduling n deteriorating jobs with release dates on a single batching machine. Each job's processing time is an increasing simple linear function of its starting time. The machine can process up to b jobs simultaneously as a batch. The objective is to minimize the...

Problem Product Partition differs from the NP-complete problem Partition in that the addition operation is replaced by the multiplication operation. Furthermore it differs from the NP-complete problem Subset Product in that it does not contain the product value B in its input. We prove that...

We introduce the concept of conditional value-at-risk as the evaluation criterion in a supply contract model. We first derive the manufacturer's optimal decisions and then analyze the impact of risk aversion on the manufacturer's decisions. We follow by conducting numerical experiments to...