I N T R O D U C T I O N Although batch distillation generally is less energy efficient than continuous distillation, it has leceived increased attention in the last few years because of its simplicity of operation, flexibility and lower capital cost. For many years academic research on batch distillation was focused primarily on optimizing the reflux policy. However, in most cases the differenc...

Decentralized Capacity Management and Internal Pricing This paper studies the acquisition and subsequent utilization of production capacity in a multi-divisional firm. In a setting where an upstream division provides capacity for itself and a downstream division, our analysis explores whether the divisions should be structured as investmentor profit centers The choice of responsibility centers ...