The third part applies quantitative techniques to problems in finance and economics, such as hedging of options, inflation targeting, and equilibrium asset pricing. The fourth part considers a series of problems in production systems. Optimization methods are put forward to provide optimal policies in areas such as inventory management, transfer-line, flow-shop and other industrial problems. The last part covers game theory. Chapters range from theoretical issues, to applications in politics and interactions in franchising systems.The results are compared with the current manual implementation at the factory. ... INTRODUCTION The cutting stock problem is a classic in Operations Research [3, 4]. ... The idea was to implement a cheap and robust system, based on the standard linear relaxation and some heuristics to reconstruct integer solutionsanbsp;...
|Title||:||Decision & Control in Management Science|
|Author||:||Alain Haurie, Georges Zaccour|
|Publisher||:||Springer Science & Business Media - 2002|