In today’s rapid changing market situations, many nations and companies try to keep or make better their situation and gain more market share by creating competitive advantages. Because of growing number of uncertain parameters in the environment and lack of information about the future, the strategic choice has become very complex and critical. One of the popular tools for solving the problem ...

Incorporating managerial flexibility in an innovative R&D project is important, because managers face greater uncertainty in today’s competitive and dynamic changing environment. It is essential to bring managerial flexibility into R&D project planning to decrease technical and market risks, while increasing potential market value. The objective of this paper is to develop a flexibility plannin...

This paper is the second of two papers entitled “Airline Planning Benchmark Problems”, aimed at developing benchmark data that can be used to stimulate innovation in airline planning, in particular, in flight schedule design and fleet assignment. The former has, to date, been under-represented in the optimization literature, due in part to the difficulty of obtaining data that adequately reflec...

This paper reports on our experience gained in deriving a reference model for Command, Control, Communication, Computers and Intelligence (C4I) architectures. The reference model addresses a dilemma faced by organisations today: choosing the right distributed object platform for domain-specific applications. In making such a choice, organisations face both technological and market uncertainty a...

The worldwide electric power industry has seen many changes over the last 20 years. During this period many regulated or state-owned monopoly markets have been deregulated. In an electricity market, electricity price is decided based on demand and supply bids from the market participants; therefore, the importance of ShortTerm Load Forecasting (STLF) has been rising in these markets [1]. Load f...

In this paper we present methodologies for improving the demand-responsiveness of air transportation systems. The main ingredients are the flexibility in transportation capacity provided by an innovative aircraft and an integrated model where supply-demand interactions are explicitly formulated. The integrated model benefits from the simultaneous schedule planning and revenue management decisio...

This paper addresses the problem of production planning in a divergent lumber production environment. It aims at analyzing operational performance changes by introducing pull production flow control mechanisms into the production part of the lumber supply chain. An agent-based simulation evaluation is performed using an experimentation platform based on a distributed advanced planning and sched...

Proposed solutions to the problems of this country's health care system range along a spectrum from central planning to free market. Central planners and free market advocates provide various ethical justifications for the policies they propose. The crucial flaw in the philosophical rationale of central planning is failure to distinguish between normative and metanormative principles, which lea...

Due to the widespread deployment of distributed energy resources (DERs) and the liberalization of electricity market, traditional distribution networks are undergoing a transition to active distribution systems (ADSs), and the traditional deterministic planning methods have become unsuitable under the high penetration of DERs. Aiming to develop appropriate models and methodologies for the plann...