Related papers: Leakage Inventory Model without shortages under fu…
We consider a manufacturer who manages the end-of-life phase and takes one of the three actions at each period: (1) place an order, (2) use existing inventory, (3) stop holding inventory and use an outside/alternative source. Two examples…
This paper analyzes single-item continuous-review inventory models with random supplies in which the inventory dynamic between orders is described by a diffusion process, and a long-term average cost criterion is used to evaluate decisions.…
The credibility theory was introduced by B. Liu as a new way to describe the fuzzy uncertainty. The credibility measure is the fundamental notion of the credibility theory. Recently, L.Yang and K. Iwamura extended the credibility measure by…
Leakages are a major risk in water distribution networks as they cause water loss and increase contamination risks. Leakage detection is a difficult task due to the complex dynamics of water distribution networks. In particular, small…
During the last decades, a myriad of fuzzy time series models have been proposed in scientific literature. Among the most accurate models found in fuzzy time series, the high-order ones are the most accurate. The research described in this…
This paper presents a fuzzy queuing location model for congested system. In a queuing system there are different criteria that are not constant such as service rate, service rate demand, queue length, the occupancy probability of a service…
We consider the problem of measuring how much a system reveals about its secret inputs. We work under the black-box setting: we assume no prior knowledge of the system's internals, and we run the system for choices of secrets and measure…
Small-to-medium size enterprises (SMEs), including many startup firms, need to manage interrelated flows of cash and inventories of goods. In this paper, we model a firm that can finance its inventory (ordered or manufactured) with loans in…
We study a supply chain consisting of production-inventory systems at several locations which are coupled by a common supplier. Demand of customers arrives at each production system according to a Poisson process and is lost if the local…
The purpose of this paper is to point to the usefulness of applying a linear mathematical formulation of fuzzy multiple criteria objective decision methods in organising business activities. In this respect fuzzy parameters of linear…
In this paper, we present a simple microeconomic model with linear continuous-time dynamics that describes a production-inventory system with debt repayment. This model is formulated in terms of optimal control and its exact solutions are…
Time series forecasting models have diverse real world applications (e.g., from electricity metrics to software workload). Latest foundational models trained for time series forecasting show strengths (e.g., for long sequences and in…
A micro-scale model is proposed for the evolution of the limit order book. Within this model, the flows of orders (claims) are described by doubly stochastic Poisson processes taking account of the stochastic character of intensities of bid…
In this paper, we consider an infinite horizon, continuous-review, stochastic inventory system in which cumulative customers' demand is price-dependent and is modeled as a Brownian motion. Excess demand is backlogged. The revenue is earned…
Most existing literature on supply chain and inventory management consider stochastic demand processes with zero or constant lead times. While it is true that in certain niche scenarios, uncertainty in lead times can be ignored, most…
One practical open problem is the development of a distributed algorithm that achieves near-optimal utility using only a finite (and small) buffer size for queues in a stochastic network. This paper studies utility maximization (or cost…
Breakability rate of fragile item depends on the accumulated stress of heaped stock level. So breakablility rate can be considered as dependent parameter of stock variable. The unit production cost is a function of production rate and also…
There is a great need to stock materials for production, but storing materials comes at a cost. Lack of organization in the inventory can result in a very high cost for the final product, in addition to generating other problems in the…
This paper addresses the use of data-driven evolving techniques applied to fault prognostics. In such problems, accurate predictions of multiple steps ahead are essential for the Remaining Useful Life (RUL) estimation of a given asset. The…
Peters (2011a) defined an optimal leverage which maximizes the time-average growth rate of an investment held at constant leverage. It was hypothesized that this optimal leverage is attracted to 1, such that, e.g., leveraging an investment…