search query: @author Mieghem, J. Van / total: 4
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| Author: | Harrison, J. Mieghem, J. van |
| Title: | Multi-resource investment strategies: operational hedging under demand uncertainty |
| Journal: | European Journal of Operational Research
1999 : FEB 16, VOL. 113:1, p. 17-29 |
| Index terms: | OPERATIONAL RESEARCH INVESTMENT STRATEGY |
| Language: | eng |
| Abstract: | Consider a firm that markets multiple products, each manufactured using several resources representing various types of capital and labour, and a linear production technology. The firm faces uncertain product demand and has the option to dynamically readjust its resource investment levels, thereby changing the capacities of its linear manufacturing process. The cost to adjust a resource level either up or down is assumed to be linear. The model developed here explicitly incorporates both capacity investment decisions and production decisions. |
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