This paper provides a theory of broad-based option plans. Wage payments to managers and employees drive a wedge between total firm output and the fraction of output received by the firm’s owners. Consequently, owners’ decisions whether, e.g., to continue the firm, shut it down, or sell it to another firm, are biased. Broad-based option pay minimizes this inefficiency. By minimizing the firm’s t...

Providing QoS and performance guarantees for arbitrarily divisible loads in a cluster has become a significant problem. While progress is being made in scheduling arbitrarily divisible loads, some of the proposed approaches may cause Inserted Idle Times (IITs) that are detrimental to system performance. Two contributions are made in addressing this problem. First, we propose two constraints tha...

Inspection planning, the task of planning motions for a robot that enable it to inspect set points interest, has applications in domains such as industrial, field, and medical robotics. can be computationally challenging, search space over motion plans grows exponentially with number interest inspect. We propose novel method, Incremental Random Inspection-roadmap Search (IRIS), computes inspect...

This study examines an imperfect production and inspection system with customer return and defective disposal. We develop an optimal lot sizing model with production and inspection quality investment, incorporating all the quality costs. We find the optimal lot size, rework frequency, defective proportion, and Type I and Type II inspection error proportions which minimize the total quality cost...

Simulation is an important aspect to consider when designing an inspection system based upon machine vision. The tire inspection system uses thermal cameras to inspect the surface of a tire. The simulation of a tire inspection system can yield an optimal set of parameters for a thermal camera, or given a specific thermal camera provide information on the optimal placement of the camera. Since t...