Measurement error causes a loss of distributional information, preventing the researcher from applying deterministic revealed-preference tools at the individual level. This paper proposes a new statistical revealed-preference framework that is applicable to such cases. We use our framework to...

Accelerated share repurchases (ASRs) are a type of stock buyback wherein the repurchasing firm contracts a financial intermediary to acquire the shares on its behalf. The intermediary purchases the shares from the open market and is compensated by the firm according to the average of the stock...

We develop a model of scarce renewable resources to study the problem of the commons. Our model formulation differs from the existing literature in that it assumes the use of the commons to be stochastic in nature. One example is microwave spectrum for mobile and wireless communications. We...

The scheduling problem addressed in this paper concerns a manufacturer who produces a variety of product types and operates in a make-to-order environment. Each customer order consists of known quantities of the different product types, and must be delivered as a single shipment. Periodically...

In this paper we study a challenging call center operation problem. The goal of our analysis is to identify an optimal policy for allocating tasks to agents. As a first step, we discuss promising randomized policies and use stochastic approximation for finding the optimal randomized policy when...

The standard one-machine scheduling problem consists in scheduling a set of jobs in one machine which can handle only one job at a time, minimizing the maximum lateness. Each job is available for processing at its release date, requires a known processing time and after finishing the processing,...

In today's competitive markets, the importance of good scheduling strategies in manufacturing companies lead to the need of developing efficient methods to solve complex scheduling problems. In this paper, we studied two production scheduling problems with sequence-dependent setups times. The...

This paper presents an asymptotic analysis of hierarchical production planning in a manufacturing system with two tandem machines that are subject to breakdown and repair. The system produces a single product, whose rate of demand over time is given to be constant. The problem is formulated as a...

Flexible transfer lines or mixed-model assembly lines are capable of diversified small-lot production due to negligible switch-over costs. With these lines, it is possible to implement just-in-time (JIT) production, which involves producing only the necessary parts in the necessary quantities at...

A great deal of work has been done to analyze the problem of robot move sequencing and part scheduling in robotic flowshop cells. We examine the recent developments in this literature. A robotic flowshop cell consists of a number of processing stages served by one or more robots. Each stage has...