The “roots” of Industrial Engineering are certainly extensive, diverse and deep. Similarly, there are numerous historical “heroes” that made significant contributions to the development of the Industrial Engineering ...

The logical operations of a Union and an Intersection of several events defined on an event space is often required in the calculation of the probability for compound events. The concepts of Mutual Exclusiveness and Mutual ...

Risk analysis in a business context is largely intangible, allowing limited opportunity for the development of means by which the risk can be more securely assured, and in the long run, appropriately managed. This paper ...

The key objective is to develop a method which can be utilized to model a stochastic continuous system. A system from the "real world" is used as the basis for the simulation modelling technique that is presented. The ...

The concept of Benford’s law, also known as the first-digit phenomenon, has been known to mathematicians since 1881. It is counter-intuitive, difficult to explain in simple terms, and has suffered from being described ...

This paper will attempt to illuminate the advantages of an approach to the job shop scheduling problem using priority based search algorithms and database technology. It will use as basis a system developed for and ...

Artificial intelligence techniques are rapidly emerging as important contributors to more effective management. One of the greatest growth areas probably lies in the use of Expert System methodology for supporting managerial ...

Simulation modelling is a general purpose tool that may be used to provide decision support in a number of application areas. It may be used to analyze, design or "optimize" manufacturing, materials handling, management, ...

Most South African organisations were historically part of a closed competitive system with little global competition and a relatively stable economy (Manning: 18, Sunter: 32). Since the political transformation, the ...