The optimal harvesting policy is calculated as a function of the entering stock, the price state, the harvesting cost, and the rate of interest in the capital market. In order to determine the optimal harvest schedule, the growth function and stumpage price process are estimated for the Swedish mixed species forests. The stumpage price is assumed to follow a stochastic Markov process. A stoch...

Our aim is to maximize expected profit per item of a multi-stage production system by determining best adjustment points of the equipments used based on technical product specifications defined by designer. In this system, the quality characteristics of items produced should be within lower and higher tolerance limits. When a quality characteristic of an item either falls beneath the lower li...

this paper studies an m/g/1 repairable queueing system with multiple vacations and n-policy, in which the service station is subject to occasional random breakdowns. when the service station breaks down, it is repaired by a repair facility. moreover, the repair facility may fail during the repair period of the service station. the failed repair facility resumes repair after completion of its re...

in this paper we focus on a continuously deteriorating two units series equipment which its failure can not be measured by cost criterion. for these types of systems avoiding failure during the actual operation of the system is extremely important. in this paper we determine inspection periods and maintenance policy in such a way that failure probability is limited to a pre-specified value and ...

BACKGROUND An increasing number of health-care systems, both public and private, such as managed-care organizations, are adopting results from cost-effectiveness (CE) analysis as one of the measures to inform decisions on allocation of health-care resources. It is expected that thresholds for CE ratios may be established for the acceptance of reimbursement or formulary listing. OBJECTIVE This...

We describe work to control graphics ren­ dering under limited computational resources by taking a decision-theoretic perspective on perceptual costs and computational savings of approximations. The work extends earlier work on the control of rendering by introduc­ ing methods and models for computing the expected cost associated with degradations of scene components. The expected cost is com­ ...

This paper proposed a new general probabilistic multi-item, single-source inventory model with varying mixture shortage cost under two restrictions. One of them is on the expected varying backorder cost and the other is on the expected varying lost sales cost. This model is formulated to analyze how the firm can deduce the optimal order quantity and the optimal reorder point for each item to re...

The baby-step giant-step algorithm, due to Shanks, may be used to solve the discrete logarithm problem in arbitrary groups. The paper explores a generalisation of this algorithm, where extra baby steps may be computed after carrying out giant steps (thus increasing the giant step size). The paper explores the problem of deciding how many, and when, extra baby steps should be computed so that th...

The cost-effectiveness of introducing infant rotavirus vaccination in Armenia in 2012 using Rotarix(R) was evaluated using a multiple birth cohort model. The model considered the cost and health implications of hospitalisations, primary health care consultations and episodes not leading to medical care in children under five years old. Rotavirus vaccination is expected to cost the Ministry of H...