Five Common Options For Workforce Flexibility And Their Robustness Under Uncertain Demand Are Investigated. In The First Stage, A Firm Makes Optimal Staffing Decisions According To Estimated Demand And A Given Workforce Flexibility Policy. In The Second Stage, It Reallocates Its Workforce To...

From the decision-based design perspective, decision making is the critical element of the design process. All practical decision making occurs under some degree of uncertainty. Subjective expected utility theory is a well-established method for decision making under uncertainty; however, it...

Early phases of design are characterized by risk and uncertainty. Appropriate accounting for this uncertainty is an important requirement for any designer. This work suggests collapsing risk and uncertainty into a single metric called the probability of success, which accounts for the...

Managing commodity price uncertainty is an integral part of many firms' business process. Firms adopt a variety of operational strategies to manage this uncertainty, subject to operational constraints such as finite procurement and processing capacities. The availability of financial derivative...

Transcribing medical documents accurately into pre-defined formats and within certain time frames is vital for administrative and medical purposes in any hospital. This paper describes quantitative models incorporating available data to represent transcription activities of a medical records...

Biofuels are meant to be an environmental friendly alternative for the use of fossil fuels. Thisidea led to the use of subsidies in order to support their production and use. In the USA, the EPAis in charge of establishing mandates to obligated parties and enforcing compliance....