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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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