Optimization is great for many things but terrible at capturing uncertainty and implementing recommendations on its own. Implementing optimization recommendations still requires a big dose of, “Well, ...

The paper describes initial simulation work on various factors associated with production and inventory decisions. The machine shop model which was used comprised one machine only on which a small ...

This concentration is intended to prepare students for modeling and simulating various problems related to supply chain management, such as procurement, manufacturing, logistics and distribution, ...

We consider a two-echelon inventory system for service parts. To obtain high service levels at a low cost we allow not only for normal supply of parts but also for emergency supply options in terms of ...