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作者:Gavirneni, S
摘要:Many organizations have only recently recognized that sharing information with other members in their supply chain can lead to significant reduction in the total costs. Usually these information flows are incorporated into existing operating policies at the various parties. In this paper we argue that, in some cases, it may be necessary to change the way the supply chain is managed to make complete use of the information flows. We support this argument by analyzing a supply chain containing a ...
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作者:Ben-Ameur, H; Breton, M; L'Ecuyer, P
作者单位:Universite de Montreal; HEC Montreal; Universite de Montreal; HEC Montreal; Universite de Montreal; Universite de Montreal
摘要:Pricing European-style Asian options based on the arithmetic average, under the Black and Scholes model, involves estimating an integral (a mathematical expectation) for which no easily computable analytical solution is available. Pricing their American-style counterparts, which provide early exercise opportunities, poses the additional difficulty of solving a dynamic optimization problem to determine the optimal exercise strategy. A procedure for pricing American-style Asian options of the Be...
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作者:Zantek, PF; Wright, GP; Plante, RD
作者单位:University System of Maryland; University of Maryland College Park; Purdue University System; Purdue University
摘要:Manufacturing systems typically contain processing and assembly stages whose output quality is significantly affected by the output quality of preceding stages in the system. This study offers and empirically validates a procedure for (1) measuring the effect of each stage's performance on the output quality of subsequent stages including the quality of the final product, and (2) identifying stages in a manufacturing system where management should concentrate investments in process quality imp...