Risk generated by uncertainty about future management policies appears to affect firms’ cost of borrowing. In a sample of S&P 1500 firms between 1987 and 2012, CDS spreads, loan spreads and bond yield spreads all decline over the first three years of CEO tenure, holding other macroeconomic, firm, and security level factors constant. This decline occurs regardless of the reason for the prior CEO...

In soft real-time applications, tasks are allowed to miss their deadlines. Thus, less-costly scheduling algorithms can be used at the price of occasional violations of timing constraints. This may be acceptable if reasonable tardiness bounds (i.e., bounds on the extent to which deadlines may be missed) can be guaranteed. In this paper, we consider soft real-time applications implemented on mult...

Problem of scheduling on a single machine to minimize total weighted tardiness of jobs can be described as follows: there are n jobs to be processed, each job has an integer processing time, a weight and a due date. The objective is to minimize the total weighted tardiness of jobs. The problem belongs to the class of NP-hard problems. Some new properties of the problem associated with the block...

This paper presents several local search meta-heuristics for the problem of scheduling a single machine to minimise total weighted tardiness. A genetic algorithm for the static single machine total weighted tardiness problem is presented, and a multi-start version named metaGA is proposed. The obtained computational results permit to conclude about their efficiency and effectiveness. The resolu...

The controls for reconfigurable manufacturing systems have to be capable not only of identifying exceptions on-line, but also simultaneously developing on-line strategies for unpredictable customer orders or inaccurate estimates of processing times. This paper presents an approach for job-shop scheduling with uncertain arrival times. The approach exploits Virtual Supervisor (VS) concept, which ...

I n this article, we study the newsvendor problem with endogenous setting of price and quoted lead-time. This problem can be observed in situations where a firm orders semi-finished product prior to the selling season and customizes the product in response to customer orders during the selling season. The total demand during the selling season and the lead-time required for customization are un...

In this paper, we extend the classical Variable Size Bin Packing Problem (VS-BPP) by adding time features to both bins and items. Specifically, the bins act as machines that process the assigned batch of items with a fixed processing time. Hence, the items are available for processing at given times and are penalized for tardiness. Within this extension we also consider a stochastic variant, wh...