Strategic asset allocation is arguably one of the most important, yet least advanced, aspects
of investing. The authors present a new approach to strategic asset allocation that leverages …

A new analytic approach to obtain the complete solution for systems of delay differential
equations (DDE) based on the concept of Lambert functions is presented. The similarity with the …

This paper presents an optimal policy, based on Markov decision theory for the capacity
management problem in a firm facing stochastic market demand. The firm implements a …

Reconfigurable Manufacturing Systems (RMS) are designed with certain key characteristics
(eg modularity) such that they can be upgraded in response to market demands. The …

An optimal solution, based on Markov Decision Theory, is presented for the capacity
management problem in Reconfigurable Manufacturing Systems with stochastic market demand …

In the current practice of industrial research and development (R&D) management tools are
playing an increasing important role. The growing need for alignment of R&D with business …

This paper presents an optimal policy, based on Markov decision theory for the capacity
management problem in a firm facing stochastic market demand. The firm implements a …

… A virtual layer ( q ) is a fictitious kinematic structure that is composed of all sequential
virtual linkslmp, where p − m = 2(q−1) and m starts at 1 and increases in steps equal to 2 …

Over-capacity has been a major problem in the world economy over the past decade.
Reconfigurable capacity, and optimal capacity management policies, can contribute to increased …

… In this research, the stochastic capacity management problem introduced by Asl and Ulsoy
(2002) is extended the case in which the distributions of the market demand are unknown. …