Due to the variety of products, simultaneous production of different models has an important role in production systems. Moreover, considering the realistic constraints in designing production lines attracted a lot of attentions in recent researches. Since the assembly line balancing problem is NP-hard, efficient methods are needed to solve this kind of problems. In this study, a new hybrid met...

This paper presents a summary of the results from the simulation of a given two-stages production system which uses JIT. The system consists of an assembly line with two automated assembly cells and two assembly stock points and one manufacturing cell with three manufacturing stock points for storing reserved parts and one receiving stock. Carts with fixed capacity are used for handling the par...

States are shifting Medicaid spending on long-term services and supports from institutional to home and community-based services, a process known as rebalancing. Using fifteen years of state expenditure data, a statistical model was developed to assess the effect of rebalancing on overall spending for long-term services and supports. The model indicates that spending is affected by the way reba...

The task of balancing of assembly lines is well-known in mass production system but this problem is NP-hard even for the simple straight line. Therefore, utilizing heuristic methods for these problems is totally unquestionable. Furthermore, in line with balancing problems, heuristic methods are the foundation of the metaheuristic methods, thus it seems to be necessary to use more efficient heur...

Multi-period guarantees are often embedded in life insurance contracts. In this paper we consider the problem of hedging these multiperiod guarantees in the presence of transaction costs. We derive the hedging strategies for the cheapest hedge portfolio for a multi-period guarantee that with certainty makes the insurance company able to meet the obligations from the insurance policies it has is...

Institutional fund managers generally rebalance using ad hoc methods such as calendar basis or tolerance band triggers. We propose a different framework that quantifies the cost of a rebalancing strategy in terms of risk-adjusted returns net of transaction costs. We then develop an optimal rebalancing strategy that actively seeks to minimize that cost. We use certainty equivalents and the trans...

Relaxed balancing means that, in a dictionary stored as a balanced tree, the necessary rebalancing after updates may be delayed. This is in contrast to strict balancing meaning that rebalancing is performed immediately after the update. Relaxed balancing is important for efficiency in highly dynamic applications where updates can occur in bursts. The rebalancing tasks can be performed gradually...

This paper presents a summary of the results from the simulation of a given two-stages production system which uses JIT. The system consists of an assembly line with two automated assembly cells and two assembly stock points and one manufacturing cell with three manufacturing stock points for storing reserved parts and one receiving stock. Carts with fixed capacity are used for handling the par...