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Distribution-Free Confidence Intervals for Conditional Probabilities and Ratios of Expectations
Many simulation experiments are concerned with the estimation of a ratio of two unknown means, the estimation of a conditional probability being an example. We propose confidence intervals for the ...
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The Effect of Leadtime Uncertainty in a Simple Stochastic Inventory Model
We study a basic continuous-time single-item inventory model where demands form a compound Poisson process and leadtimes are stochastic. The performance measure of interest is the long-run average ...
Impact of Electronic Data Interchange Technology on JIT Shipments
We investigates the degree to which increasing vertical information integration using Electronic Data Interchange technology enhances shipment performance of suppliers in a Just-in-Time environment...
Operating Flexibility, Global Manufacturing, and the Option Value of a Multinational Network
The multinational corporation is a network of activities located in different countries. The value of this network derives from the opportunity to benefit from uncertainty through the coordination ...
Design for Synchronized Flow Manufacturing
Firms that build flexibility into their manufacturing system gain a competitive edge from their ability to efficiently produce a mid-variety of products at mid-volumes. In order to realize the comp...
Database Allocation in a Distributed Environment
This research investigates the problem of allocating database fragments across a set of computers connected by a communication network. A mathematical model is presented to aid designers in the dev...
Folding Back in Decision Tree Analysis
This note demonstrates that two minimal requirements of decision tree analysis, the folding back procedure and the interchangeability of consecutive event nodes, imply independence.