Journal of Emerging Trends in Economics and Management Sciences (JETEMS) 2 (2): 131-141 © Scholarlink Research Institute Journals, 2011 (ISSN: 2141-7024) jetems.scholarlinkresearch.org Journal of Emerging Trends in Economics and Management Sciences (JETEMS) 2(2):131-141(ISSN:2141-7024) Information Distortion in Supply Chain: A Simulation Approach to Quantifying the Bullwhip Effect 1 1 Oyatoye, E.O and 2Fabson, T.V.O Department of Business Administration University of Lagos, Akoka-Yaba,
Words: 6964 - Pages: 28
rights reserved. However, in accordance with the Copyright Act of Canada, this work may be reproduced, without authorization, under the conditions for “Fair Dealing.” Therefore, limited reproduction of this work for the purposes of private study, research, criticism, review and news reporting is likely to be in accordance with the law, particularly if cited appropriately. Approval Name: Degree: Title of Project: Examining Committee: Fabián Enrique Moya Master of Science (Applied Statistics) STATISTICAL
Words: 12142 - Pages: 49
informs Vol. 36, No. 3, May–June 2006, pp. 248–258 issn 0092-2102 eissn 1526-551X 06 3603 0248 ® doi 10.1287/inte.1060.0211 © 2006 INFORMS Estimating Air-Cargo Overbooking Based on a Discrete Show-Up-Rate Distribution School of Industrial and Systems Engineering, Georgia Institute of Technology, 765 Ferst Drive, Atlanta, Georgia 30332 {andreeap@isye.gatech.edu, pinar@isye.gatech.edu, ellis.johnson@isye.gatech.edu} Sabre Airline Solutions, 1 East Kirkwood Boulevard, Southlake, Texas 76092
Words: 6549 - Pages: 27
Engineering, Department of Chemical Engineering, Imperial College of Science, Technology and Medicine, London SW7 2BY, UK Abstract Supply chain optimisation is now a major research theme in process operations and management. A great deal of research has been undertaken on facility location and design, inventory and distribution planning, capacity and production planning and detailed scheduling. Only a small proportion of this work directly addresses the issues faced in the pharmaceutical sector. On
Words: 10158 - Pages: 41
Introduction: People are at the core of every organization. Without staff, organizations cannot edit. It is therefore vital that organizations do not take their staff for granted. The term that is often used for this is human resource management: Human(s) - people with their experience, skills, and knowledge and personal qualities. Human resource - the people, and the policies and practices that affect them in the workplace. Human resource management - the management of the people and the staff
Words: 1499 - Pages: 6
perform statistical analysis on it. It is widely used in insurance, public health, scientific research, finance, human resources, IT, utilities, and retail, and is used for operations research, project management, quality improvement, forecasting and decision-making. JMP Pro- JMP is used in applications such as Six Sigma, quality control and engineering, design of experiments and scientific research. SPSS- SPSS is among the most widely used programs for statistical analysis in social science
Words: 495 - Pages: 2
Black and Scholes and Monte Carol stimulation form the basis of the paper. The motivation for this project is set out more clearly and the computation study methods used in the real estate brokerage industry. Keywords Real estate, Monte Carlo simulations, interpolation, forecasting, Binomial models and Black and Scholes models Introduction Real estate business is the production plant of our cities that converts unproductive land to town space used for various activities by different people. Real
Words: 2089 - Pages: 9
Operational Cost …………………………………………………………………… 5 Methodology …………………………………………………………………………… 5 3.1. Basic Premium Pricing: Equivalence Principle …………………………………… 5 3.2. Percentile Premium Principle under Normal Approximation ……………………… 6 3.3. Simulation …………………………………………………………………………… 7 Product Management ………………………………………………………………… 7 4.1. Projected Cash Flow ………………………………………………………………… 7 4.2. Risk Management …………………………………………………………………… 8 4.2.1. Method I:
Words: 2654 - Pages: 11
TOPICS IN AD HOC AND SENSOR NETWORKS Simulations in Wireless Sensor and Ad Hoc Networks: Matching and Advancing Models, Metrics, and Solutions Ivan Stojmenovic, University of Birmingham and University of Ottawa ABSTRACT The objective of this article is to give advice for carrying out a proper and effective simulation activity for protocol design. It challenges some of the existing criticisms of simulation practices that emphasized validation aspects. This article advocates the use of simple
Words: 4845 - Pages: 20
in emerging countries. Moreover, with asymmetric shocks we are able to match high sovereign spread level and low spread volatility simultaneously in one model, which is till now not well solved. As another contribution of our paper, we propose a simulation-based approach to approximate transition function of output shocks between finite states, which is an indispensable step in discrete state dynamic programming. Comparing to Tauchen’s method, our approach is very flexible in transforming various
Words: 8723 - Pages: 35
