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We propose a new class of knapsack problems by assiuning that the sizes of the items to be put into a knapsack are known to be elements 0f a given subset S of the positive integers Z'^. The set S is treated as a parameter. We show that the family of knapsack problems obtained by varying the...
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In this paper, we analyse a control theoretic model of a country possessing a finite amount of a nonrenewable resource. The country can both consume the indigenous resource and export it. Moreover, a substitute for the indigenous resource is available at a given backstop price. We obtain the...
Persistent link: https://www.econbiz.de/10014046443
In this paper, we deal with the problem of sequencing parts and robot moves in a robotic cell where the robot is used to feed machines in the cell. The robotic cell, which produces a set of parts of the same or different types, is a flow-line manufacturing system. Our objective is to maximize...
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This article considers the problem of equipment replacement in which the replacement decision at a particular time must take into account (i) the state of the existing machine in use, (ii) the available replacement alternatives at the time, (iii) the future advances in the relevant technologies...
Persistent link: https://www.econbiz.de/10014219998
The concept of a forecast horizon for a given player with respect to the set of equilibria in an abstract dynamic game is defined. Consideration is then given to the case of a stochastic dynamic game with memory-less perfect state information and the Nash equilibrium concept. Sufficient...
Persistent link: https://www.econbiz.de/10012833261
In this paper we analyse a control‐theoretic model of a country possessing a finite amount of a non‐renewable resource. The country can both consume the indigenous resource and export it. Moreover, a substitute for the indigenous resource is available at a given backstop price. We obtain the...
Persistent link: https://www.econbiz.de/10012833282