Simulation optimization (SO) is the process of finding the optimum design of a system whose performance measure(s) are estimated via simulation. We propose some ideas to improve o...
Compounding processes, also known as perpetuities, play an important role in many applications; in particular, in time series analysis and mathematical finance. Apart from some s...
The appropriate production and inventory control policy is a key factor for modern enterprises’ success in competitive environment. In the food industry, most of food manufactur...
This presentation follows up the talk last year to WINFORMS (The Washington Institute for Operations Research and The Management Sciences) in which an approach developed for the a...
This paper aims to demonstrate the potential for using the system dynamics computer simulation methodology to gain insight into the evolution of insurgencies. In particular, it ex...