infonet-economy

The paper considers a two stage capacity and production planning model under uncertainty. The optimal second stage production policy falls into three cases: When capacity is slack the firm will produce with the cost minimizing production rate and adjust the production time to meet its output target. When the capacity constraint is binding, the firm will first adjust the production...

Two neural network approaches, Kohonen's Self-Organizing (Feature) Map (SOM) and the Topology Representing Network (TRN) of Martinetz and Schulten are employed in the context of competitive market structuring and segmentation analysis. In an empirical study using brands preferences derived from household panel data, we compare the SOM and TRN approach to MULTICLUS, a parametric...