Resource Planning for Randomly Arriving Stochastic Jobs
Norman R. Lyons
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Norman R. Lyons: Cornell University
Management Science, 1975, vol. 21, issue 8, 931-936
Abstract:
This paper presents a method for planning resources across a finite time horizon when the demands on resources arrive in a Poisson fashion and are stochastic. The approach used is a chance-constrained programming model whose parameters are estimated using an Edgeworth approximation technique.
Date: 1975
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:21:y:1975:i:8:p:931-936
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