This concentration is intended to prepare students for modeling and simulating various problems related to supply chain management, such as procurement, manufacturing, logistics and distribution, ...

The paper describes initial simulation work on various factors associated with production and inventory decisions. The machine shop model which was used comprised one machine only on which a small ...

Optimization is great for many things but terrible at capturing uncertainty and implementing recommendations on its own. Implementing optimization recommendations still requires a big dose of, “Well, ...

This paper investigates the effect of permissible delay in payments on ordering policies in a periodic review (s, S) inventory model with stochastic demand. A new mathematical model is developed, ...