In this paper we analyze heterogeneity and asymmetry of ordering behavior in high-profit low-profit product settings as well applicability the reference dependent newsvendor model with different psychological costs overordering underordering. Further, introduce a mean preserving by extending overconfident to non-negative confidence parameters. For these models provide simple intuitive condition...

This paper considers a multi-period news-vendor problem with partially observed supply capacity information which evolves as a Markovian Process. The supply capacity is fully observed by the buyer when the capacity is smaller than buyer’s ordering quantity. With a dynamic programming formulation, we prove the existence of a unique optimal ordering policy. In a two-state Markovian capacity case,...

this paper is a research on the ordering planning of a supply chain with one supplier, multi buyer and multi deteriorating items. items have fixed life time and expire dates. the ordering period is taken as variable and must be computed the proposed models. the problem is studied via two different approaches the first is the joint replenishment, based on the hwang and chew's model [3] and ...

In a randomized trial of a clinical decision support system for drug prescribing for residents with renal insufficiency in a large long-term care facility, analyses were conducted to estimate the system's immediate, direct financial impact. We determined the costs that would have been incurred if drug orders that triggered the alert system had actually been completed compared to the costs of th...

For the past three decades the quantity of petroleum (both oil and oil plus gas) found per foot of drilling effort in the United States for any given year can be expressed as a secular decrease of about 2 percent per year combined with an inverse function of drilling effort for that year. Extrapolation of energy costs and gains from petroleum drilling and extraction indicates that drilling for ...

The history of polio vaccination in the United States spans 50 years and includes different phases of the disease, multiple vaccines, and a sustained significant commitment of resources. We estimated cost-effectiveness ratios and assessed the net benefits of polio vaccination applicable at various points in time from the societal perspective and we discounted these back to appropriate points in...

We describe and solve a real world problem in chemical industry which combines operational planning with strategic aspects. In our simultaneous strategic & operational planning (SSDOP) approach we develop a model based on mixed-integer linear (MILP) optimization and apply it to a real-world problem; the approach seems to be applicable in many other situations provided that people in production ...

OBJECTIVE To determine the net effect of introducing highly active antiretroviral treatment (HAART) in Mexico on total annual per-patient costs for HIV/AIDS care, taking into account potential savings from treatment of opportunistic infections and hospitalizations. MATERIAL AND METHODS A multi-center, retrospective patient chart review and collection of unit cost data were performed to descri...

This study aims to deal with a more realistic combined problem of project scheduling and material ordering. The goal is to minimize the total material holding and ordering costs by determining the starting time of activities along with material ordering schedules subject to some constraints. The problem is first mathematically modelled. Then a hybrid simulated annealing and genetic algorithm is...

We study a perishable inventory system that requires to maintain a minimum inventory volume at all times, where the minimum amount in the constraint is significant with respect to regular market demand and the traditional Economic Manufacturing Quantity (EMQ) models do not suffice. The problem is motivated by applications in homeland security, which are related to the management of pharmaceutic...