Now showing items 1-5 of 5

    • Finding the Value of Information About a State Variable in a Markov Decision Process 

      Souza, Gilvan (2005-01-13)
      In this paper we present a mixed–integer programming formulation that computes the optimal solution for a certain class of Markov decision processes with finite state and action spaces, where a state is comprised of multiple ...
    • Note: An Application of the EOQ Model with Nonlinear Holding Cost to Inventory Management of Perishables 

      Souza, Gilvan; Ferguson, Mark; Jayaraman, Vaidy (2005-07-19)
      We consider a variation of the economic order quantity (EOQ) model where cumulative holding cost is a nonlinear function of time. This problem has been studied by Weiss (1982), and we here show how it is an approximation ...
    • The Optimal Pace of Product Updates 

      Souza, Gilvan; Druehl, Cheryl; Schmidt, Glen (2005-01-13)
      Some firms (such as Intel and Medtronics) use a time–pacing strategy for new product development, introducing new generations at regular intervals. If the firm adopts a fast pace (introducing frequently) then it prematurely ...
    • Supply Chain Coordination for False Failure Returns 

      Souza, Gilvan; Ferguson, Mark; Guide, V. Daniel, Jr. (2005-04-11)
      False failure returns are products that are returned by consumers to retailers with no functional or cosmetic defect. The cost of a false failure return includes the processing actions of testing, refurbishing if necessary, ...
    • Time Value of Commercial Product Returns 

      Souza, Gilvan; Guide, V. Daniel; Van Wassenhove, Luk; Blackburn, Joseph (2005-01-13)
      Manufacturers and their distributors must cope with an increased flow of returned products from their customers. The value of commercial product returns, which we define as products returned for any reason within 90 days ...