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Full-Text Articles in Operations Research, Systems Engineering and Industrial Engineering
The Economic Impacts Of Technical Change In Carbon Capture, Peter G. Rasmussen
The Economic Impacts Of Technical Change In Carbon Capture, Peter G. Rasmussen
Masters Theses 1911 - February 2014
There is a general consensus in the literature that carbon capture and storage (CCS), a technology that controls CO2 emissions from fossil fuel power plants, figures to be a critical technology to reduce CO2 emissions to CO2 concentration stabilization levels prescribed in the literature. We completed three projects that advance the understanding of how technical change in carbon capture affects both near-future costs of CCS and the economy in the long term. First, we conducted a literature review of near-future capture cost estimates in order to get an idea of how expensive carbon capture will be in …
Optimizing The Safety Stock Inventory Cost Under Target Service Level Constraints, Chetan T. Shivsharan
Optimizing The Safety Stock Inventory Cost Under Target Service Level Constraints, Chetan T. Shivsharan
Masters Theses 1911 - February 2014
The level of customer satisfaction largely depends on manufacturer’s ability to respond to customer orders with promptness. The swiftness with which the manufacturers are able to meet customer demand is measured by the service level. There are two service level measures typically used. The first one is type 1 service level which denotes the probability of not stocking out over a planning period. The other is fill rate which denotes the proportion of demand satisfied with the existing inventory. We review the rich and diverse literature available on inventory cost optimization under these service level constraints. Subsequently two optimization models …