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Innovating Continuous Review Policies With Rfid, Angela Garza
Innovating Continuous Review Policies With Rfid, Angela Garza
Department of Industrial and Management Systems Engineering: Dissertations, Theses, and Student Research
Inventory accuracy is critical for NASA astronauts in space. In 2004, astronauts onboard the International Space Station (ISS) nearly had to de-man their outpost due to the fact the replenishment of consumables were uncertain. Automated Identification Technologies (AITs) such as Radio Frequency Identification (RFID) can be utilized to minimize the occurrence of situations like this one. RFID has been used to aid inventory management systems by providing real time availability of the item information including location and status. The benefit of RFID over barcodes is immense as it allows users to employ continuous review models. Barcodes are only capable of …
Evaluation Method For Strategic Investments, Olabode Alabi
Evaluation Method For Strategic Investments, Olabode Alabi
Department of Industrial and Management Systems Engineering: Dissertations, Theses, and Student Research
Real Options Analysis (ROA) has become a complimentary tool for engineering economics. It has become popular due to the limitations of conventional engineering valuation methods; specifically, the assumptions of uncertainty. Industry is seeking to quantify the value of engineering investments with uncertainty. One problem with conventional tools are that they may assume that cash flows are certain, therefore minimizing the possibility of the uncertainty of future values. Real options analysis provides a solution to this problem, but has been used sparingly by practitioners. This paper seeks to provide a new model, referred to as the Beta Distribution Real Options Pricing …