These papers are working drafts of research which often appear in final form in academic journals. The published versions may differ from the working versions provided here.
SSRN Research Paper Series
The Social Science Research Network’s Research Paper Series includes working papers produced by Stanford GSB the Rock Center.
You may search for authors and topics and download copies of the work there.
Inventory Policies for Periodic Review Systems
This paper introduces three new methods for computing approximately optimal inventory policies for discrete time shortage cost systems. Two of the methods are shortcuts based on the method of Freeland and Porteus [1980] and one is a heuristic…
Audience Presence During Breaks in Television Programmes
Experiments on the use of electricity data as an unobtrusive measure of household behaviour during breaks in television programmes have provided some new insights.Whilst confirming much of accepted “presence” research, there is a clear indication…
Economic Dispatch of Electric Power by Stochastic Linear Programming
Operational improvements in the short-run scheduling of electric power generation can accrue considerable economic and fossil-fuel savings. This study has undertaken an evaluation of the worth and practicality of using “stochastic linear…
Inventory Policies for Periodic Review Systems: Supporting Details
This paper provides details and derivations that support Porteus [1982].
Operations as Strategy: Lessons From Japan
The past year has witnessed tremendous interest in Japanese management practice. Owing in part to the increasingly worldwide competitive environment, and more particularly, the survivability of certain U.S. industries (television, automobiles,…
The Ex Ante and Ex Post Price Effects of Quarterly Earnings Announcements Reflected in Options and Stock Prices
Abstract not available.
Easily Computed Inventory Policies for Periodic Review Systems: Shortage Cost and Service Level Models
This paper builds on prior work of the authors by developing a shortcut method for determining approximately optimal (s,S) inventory policies for use in a periodic review inventory system in which shortage costs are assessed. The method seems to…
Exact Solution of Crew Scheduling Problems Using the Set Partitioning Model: Recent Successful Applications
The set partitioning model of the crew rotation problem has been well known for many years. This paper focuses on recent developments that have made this model more attractive and have resulted in several successful implementations. These…
Facilities Focus: A Study of Concepts and Practices Related to Its Definition, Evaluation, Significance, and Application in Manufacturing Firms
Abstract not available.
Improved Iterative Computation of the Expected Discounted Return in Markov and Semi-Markov Chains
This paper seeks to reduce the computation needed by iterative methods to find the expected discounted return in a finite semi-Markov or Markov chain. Two new norm reducing extrapolations and a new iterative method are presented and shown to be…
A Lagrangean Relaxation Algorithm for the Two Duty Period Scheduling Problem
The two duty period scheduling problem is an integer programming problem with 0-1 constraint coefficients. It is recognized that the problem can be reformulated as a one duty period problem with side constraints. Since the one duty period problem…
Allocation of Managerial Effort: An Investigation of the Relationship Between Decision Strategies, Environment and Performance
The work presented in this paper investigates behaviorally plausible rules for making decisions in complex situations. A rule is plausible if it iss consistent with assumptions concerning limits on a decision maker’s information processing…
Anticipated Information Releases Reflected in Call Option Prices
This study captures the ex ante information content of a financial reporting event (the annual earnings announcement) by examining the behavior of call option prices on dates leading up to and passing through the disclosure date. This approach…
Comparison of a Multi-Pass Heuristic Decomposition Procedure with Other Resource-Constrained Project Scheduling Procedures
The purpose of this paper is to evaluate a heuristic procedure for resource-constrained project scheduling. The procedure is a representative of a class of multi-pass procedures based on problem decomposition and is applicable to single or…
Defining and Improving Decision Making Effectiveness
Evaluation is seen as key in any systematic attempt to improve decision making effectiveness in unstructured tasks. Decision Support Systems (DSS) are systems designed to extend a manager’s ability to deal with the complexity of the decision…
The California School Finance Simulation: A Case Study of Effective Implementation
Abstract not available.
Using Probabilistic Information in Solving Resource Allocation Problems for a Decentralized Firm
This paper formulates a general linear programming problem for a multidivision firm where headquarters possesses probabilistic information regarding each division’s opportunities. It is assumed that headquarters is willing to risk implementing a…
Dynamic Choice Theory and Dynamic Programming
Finite horizon sequential decision problems with a “temporal vonNeumann-Morgenstern utility” criterion are analyzed. This criterion, as developed in [7], is a generalization of vonNeumann-Morgenstern (expected) utility of the vector of rewards,…
Heuristic Algorithms for Capital Budgeting Decisions in Multi-Division Firms
This paper presents two versions of a heuristic algorithm to solve a model of the capital budgeting problem in a multi-division firm. These algorithms allow a final allocation of the budget to projects to be found in two information exchanges…
Implementation Research in OR/MS and MIS: Description versus Prescription
Abstract not available.