Optimization is great for many things but terrible at capturing uncertainty and implementing recommendations on its own. Implementing optimization recommendations still requires a big dose of, “Well, ...

The paper describes initial simulation work on various factors associated with production and inventory decisions. The machine shop model which was used comprised one machine only on which a small ...

This concentration is intended to prepare students for modeling and simulating various problems related to supply chain management, such as procurement, manufacturing, logistics and distribution, ...

This is a preview. Log in through your library . Abstract This paper considers the optimal deterministic inventory policy for a monopolist. The novel element concerns the consumers. Each has a time at ...