A single bottleneck system with binomial yields and rigid demand
Article Abstract:
A solution to the lotsizing problem insingle bottleneck systems is developed. Such systems are multistage production systems wherein only one setup is nonzero. The bottleneck, which refers to the stage with the nonzero setup, is a critical resource because its throughput determines the throughput of the entire system. Goldratt and Cox (1986) and Lundrigan (1986) proposed the OPT approach to this problem, in which productionproceeds with binomial yield lotsizes. Multiple production runs are required given that full satisfaction of demand is required. Assuming binomial yields, the optimal control problem is reducible to single-stage optimal lotsizing. However, solution to the problem versions that assume more than one bottleneck are yet to be examined.
Publication Name: Management Science
Subject: Business, general
ISSN: 0025-1909
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Elicitation and context effects in judgments: fixed sum versus fixed scale frames
Article Abstract:
A study was conducted to examine the relationship between Rank and value in making numerical judgments over a set of objects. The aim was to determine an empirically grounded Rank-to-weight relationship that solves the problem of how a ranking of attributes in a typical MCDM problem should be translated into a weighting of attributes. The extent to which the point allocation and direct rating methods elicitation effect holds up in contexts other than attribute weighting was investigated. The elicitation effect was apparent in all experimental conditions and was shown to be remarkably robust. The effect of elicitation on the Rank-value relationship remained the same regardless of the manner by which the fixed-sum was elicited.
Publication Name: Management Science
Subject: Business, general
ISSN: 0025-1909
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The Japanese industrial relations system. Experiences with office automation: some lessons and recommendations
- Abstracts: Improving the bottom line with budget incentive programs. Applying overhead: how to find the right bases and rates
- Abstracts: Accounting systems, participation in budgeting, and performance evaluation. Fully revealing income measurement
- Abstracts: Decreasing absolute risk aversion and option pricing bounds. Optimal strategic petroleum reserve policies: a steady state analysis
- Abstracts: The association between consensus of beliefs and trading activity surrounding earnings announcements. Additional evidence on the accuracy of analyst forecasts before and after voluntary management earnings forecasts