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Operations Research, Systems Engineering and Industrial Engineering Commons

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Full-Text Articles in Operations Research, Systems Engineering and Industrial Engineering

A New Analytical Evaluation Model For Kanban Controlled Systems With Fork/Join Synchronization Stations, Heedong Kim, Sarah M. Ryan Jan 2002

A New Analytical Evaluation Model For Kanban Controlled Systems With Fork/Join Synchronization Stations, Heedong Kim, Sarah M. Ryan

Industrial and Manufacturing Systems Engineering Conference Proceedings and Posters

A nonlinear programming model is developed for analyzing the queuing model of a kanban controlled system with fork/join synchronization stations. The model finds the minimum number of kanbans for a given throughput requirement or the maximum throughput for a given number of kanbans, where servers have different exponential service times. Furthermore, it aids understanding of kanban systems.


Discrete Real Options Models For Inter-Related Generation Projects, K. Jo Min, Chung-Hsiao Wang Jan 2002

Discrete Real Options Models For Inter-Related Generation Projects, K. Jo Min, Chung-Hsiao Wang

Industrial and Manufacturing Systems Engineering Conference Proceedings and Posters

The electric power generation business is facing uncertain and competitive environments with much financial risk. In this paper, we design and analyze a real options model for a utility with multiple inter-related generation planning projects. Also, comparisons relative to other models are made and a numerical example is provided so as to illustrate the optimal sequential decision making.