In reality, a seller (e.g., a supplier or a manufacturer) frequently offers his/her buyers trade credit (e.g., permissible delay in payment). Trade credit reduces the buyer's holding cost of inventory and hence attracts new buyers who consider it to be a type of price reduction. On the other hand, granting trade credit also increases the seller's opportunity cost (i.e., the loss of capital oppo...

This paper presents an attempt at an early investigation or exploration of the trade-off between MIPS cost and memory cost. The cost model is an approximation based on knowledge of the application behavior and algorithm inner loop costs for the hardware architecture, which consists of a control processor and a SIMD processor. The application is an H.264 video decoder. Various memory configurati...

A method is introduced to incorporate sustainability considerations in the early design stages, while simultaneously accounting for supply chain factors, such as cost and lead time. Overall, this work is our first step in understanding the trade-offs between sustainability metrics and more traditional supply chain performance metrics (i.e., cost and lead time). Based on our understanding of the...

In this paper, an efficient multi-objective model is proposed to solve time-cost trade off problem considering cash flows. The proposed multi-objective meta-heuristic is based on Ant colony optimization and is called Non Dominated Archiving Ant Colony Optimization (NAACO). The significant feature of this work is consideration of uncertainties in time, cost and more importantly interest rate. A ...

This paper presents a class of examples where a barter economy develops through agents' optimizing decisions into a monetary economy. A barter economy with m commodities is characterized by m(m-1)/2 commodity pair trading posts for active trade of each good for every other. A monetary economy is characterized by active trade concentrated on m-1 posts, those trading in 'money' versus the m-1 oth...

Provisioning a storage system requires balancing the costs of the solution with the benefits that the solution will provide. Previous provisioning approaches have started with a fixed set of requirements and the goal of automatically finding minimum cost solutions to meet them. Such approaches neglect the cost-benefit analysis of the purchasing decision. Purchasing a storage system involves an ...