This paper considers an infinite horizon stochastic production planning problem with the constraint that production rate must be nonnegative. It is shown that an optimal feedback solution exists for the problem. Moreover, this solution is characterized and is then compared with the solution of...

This note formulates an assignment problem for obtaining optimal level schedules for mixed-model assembly lines in JIT production systems. The problem was formulated as a quadratic integer programming problem in a recent paper by Miltenburg (1989) where, however, only enumerative algorithms and...

A heuristic procedure is developed for minimizing makespan in flow-shop scheduling problems. In comparison with current algorithms, our algorithm seems to result in an improved makespan with a small additional computational effort. An algorithm is also developed to minimize the required number...

A companion paper (Part I) considers the problem of minimizing the weighted earliness and tardiness of jobs scheduled on a single machine around a common due date, d, which is unrestrictively late. This paper (Part II) considers the problem of minimizing the unweighted earliness and tardiness of...

We consider a novel generalization of the resource-constrained project scheduling problem (RCPSP). Unlike many established approaches for the RCPSP that aim to minimize the makespan of the project for given static capacity constraints, we consider the important real-life aspect that capacity...

Miller and Modigliani (1961) consider valuation of infinite horizon firms that may not engage in purchasing their own shares. While their fundamental valuation approach applies also to firms that purchase their own shares, their stream of dividends approach does not. The latter approach is...

Specific scheduling problems with complex hybrid logical and terminal constraints, non-stationarity in process execution as well as complex interrelations between dynamics in process design, capacity utilization, and machine setups require further investigation and the application of a broad...