This research introduces a novel empirical application to the assessment of farm productivity growth. While existing on change has primarily focussed ex post output observations, it been shown that ignoring production uncertainty can lead unreliable results. Using state-contingent framework represent stochastic environment, we extend recent line merged approach and efficiency measurement using ...

one of the most important issues in the management of production is select the best option for each production activity, so that the time and cost of production is minimal and quality is the maximum. considering to the large number of activities and options for each activity, usually, this choice does not have a unique solution and can be used the utility function and assign weights to time, co...

Production planning of an open-pit mine is a procedure during which the rock blocks are assigned to different production periods in a way that leads to the highest net present value (NPV) subject to some operational and technical constraints. This process becomes much more complicated by incorporation of the uncertainty existing in the input parameters. The commodity price uncertainty is among ...

This research deals with line balancing under uncertainty and presents two robust optimization models. Interval uncertainty for operation times was assumed. The methods proposed generate line designs that are protected against this type of disruptions. A decomposition based algorithm was developed and combined with enhancement strategies to solve optimally large scale instances. The efficiency ...

uncertainty plays a major role in any project evaluation and management process. one of the trickiest parts of any production project work is its cost and time forecasting. since in the initial phases of production projects uncertainty is at its highest level, a reliable method of project scheduling and cash flow generation is vital to help the managers reach successful implementation of the pr...

this paper presents a theoretical model in which the stock growth rate of durable goods has stochastic fluctuation over time. it concludes that a social planner increases the expected percentage rate of production since uncertainty increases the user cost from consumer’s point view.