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Inventory Policies with Freight Discounts and Disposals

Arcelus, F.J.; Rowcroft, J.E. - In: International Journal of Operations & Production Management 11 (1991) 4, pp. 89-93

This article considers the effect of freight discounts and disposals on the inventory policies of a profit‐maximising firm with price‐elastic demand and with price as a mark‐up on the acquisition cost. In addition, the cost of placing an order is in part dependent upon a freight‐cost...

Persistent link: https://www.econbiz.de/10014790323

Facility location with and without maximum distance constraints through the p ‐median problem

Chaudhry, Sohail S.; Choi, In‐Chan; Smith, David K. - In: International Journal of Operations & Production Management 15 (1995) 10, pp. 75-81

The p ‐median problem involves the locating of a fixed umber of facilities to serve a set of customers such that the aggregate distance travelled is minimized. Considers the p ‐median problem with and without distance constraints. Solves the two versions of the p ‐median problems utilizing...

Persistent link: https://www.econbiz.de/10014790589

The application of queuing theory in the analysis of plant layout

Wainwright, C.E.R. - In: International Journal of Operations & Production Management 16 (1996) 1, pp. 50-74

In certain manufacturing categories the type of plant layout to adopt is determined by the type of production process. However, within multi‐product mid‐volume environments the type of plant layout to select is not as obvious, with recent trends indicating that the more traditional...

Persistent link: https://www.econbiz.de/10014790628

Optimal allocation of arrivals to a collection of parallel workstations

Tavana, Madjid; Rappaport, Jack - In: International Journal of Operations & Production Management 17 (1997) 3, pp. 305-325

Presents a model that minimizes an aggregate measure of waiting times and queue lengths for a collection of workstations. Shows that the naïve allocation of arrivals among workstations in proportion to their processing times does not result in an optimized system. Uses the Lagrange multiplier...

Persistent link: https://www.econbiz.de/10014790728

A PC‐based Spreadsheet Support System for the Newsboy Inventory Control Problem

Al‐Faraj, Taqi N.; Al‐Zayer, Jamal A.; Alidi, … - In: International Journal of Operations & Production Management 11 (1991) 10, pp. 58-63

In this article, a PC‐based spreadsheet support system (SSS) for controlling inventory and service level for the newsboy problem is developed utilising Lotus 1‐2‐3 spreadsheet capabilities. The technical aspects of the SSS are presented and discussed within the context of a umerical...

Persistent link: https://www.econbiz.de/10014791194

Proven Alternative to MRPII for Optimizing Supply Chain Performance

Walley, Paul - In: International Journal of Operations & Production Management 19 (1999) 10, pp. 1-2

Persistent link: https://www.econbiz.de/10014791251

Optimizing tourism destination development in Canada

Joppe, Marion - In: International Journal of Contemporary Hospitality Management 15 (2003) 6, pp. 308-311

, the conference dealt with six sub‐themes: the environmental and human sides of optimization, innovations in destination … workshops were held on the effective use of online surveys and on the process of developing a tourism optimization management …

Persistent link: https://www.econbiz.de/10014762609

Revenue management: resolving a revenue optimization paradox

Tse, Tony S.M.; Tung Poon, Yiu - In: International Journal of Contemporary Hospitality Management 24 (2012) 4, pp. 507-521

method does not yield a realistic solution for room rate optimization. This study analyzes the underlying causes of this … profit optimization and proposes a new method to resolve it. …

Persistent link: https://www.econbiz.de/10014763127

Learning, Forecasting and Optimizing: An Experimental Study

Bao, Te; Duffy, John; Hommes, Cars - Tinbergen Instituut - 2012

, and 2) given expectations, agents solve optimization problems and these solutions in turn determine actual price … both forecasting and optimization decisions in an experimental cobweb economy. We report results from four experimental … treatments: 1) subjects form forecasts only, 2) subjects determine quantity only (solve an optimization problem), 3) they do both …

Persistent link: https://www.econbiz.de/10011256912

The Universitary Educational System, Cibernetic System

Dima, Ioan Constantin; Mihaescu, Diana; Mihaescu, Liviu - Volkswirtschaftliche Fakultät, … - 2009

The national system of higher education shall solve one of the most difficult and most important social and human issues – the education and training of the young generation, of the labour hand. The system of higher education appears as a subsystem of the national educational system and of the...

Persistent link: https://www.econbiz.de/10011258139