Consider a two-level inventory system consisting of one supplier and one retailer. The retailer faces a Poisson demand with a known rate and applies base stock (one-for-one ordering) policy. That is, his inventory position ...

A generic risk matrix is presented for use identifying and assessing project risks quickly and cost effectively. It assists project managers with few resources to perform project risk analysis. The generic risk matrix (GRM) ...

Many authors have examined lot sizing, scheduling and sequence of multi-product flow shops, but most of them have assumed that set up times are independent of sequence. Whereas dependence of set up times to sequence is ...

Manufacturing produces real wealth for any country and constitutes the back bone for the service sector. The objective of any organization is to earn profit. Usually the market fixes the selling price of the manufactured ...