Minimizing weighted total earliness, total tardiness and setup costs

The paper considers a (static) portfolio system that satisfies adding-up contraints and the gross substitution theorem. The paper shows the relationship of the two conditions to the weak dominant diagonal property of the matrix of interest rate elasticities. This enables to investigate the impact of simultaneous changes in interest rates on the asset demands.

A Bag-of-Tasks Scheduler Tolerant to Temporal Failures in Clouds

Cloud platforms have emerged as a prominent environment to execute high performance computing (HPC) applications providing on-demand resources as well as scalability. They usually offer different classes of Virtual Machines (VMs) which ensure different guarantees in terms of availability and volatility, provisioning the same resource through multiple pricing models. For instance, in Amazon EC2 cloud, the user pays per hour for on-demand VMs while spot VMs are unused instances available for lower price. Despite the monetary advantages, a spot VM can be terminated, stopped, or hibernated by EC2 at any moment. Using both hibernation-prone spot VMs (for cost sake) and on-demand VMs, we propose in this paper a static scheduling for HPC applications which are composed by independent tasks (bag-of-task) with deadline constraints. However, if a spot VM hibernates and it does not resume within a time which guarantees the application's deadline, a temporal failure takes place. Our scheduling, thus, aims at minimizing monetary costs of bag-of-tasks applications in EC2 cloud, respecting its deadline and avoiding temporal failures. To this end, our algorithm statically creates two scheduling maps: (i) the first one contains, for each task, its starting time and on which VM (i.e., an available spot or on-demand VM with the current lowest price) the task should execute; (ii) the second one contains, for each task allocated on a VM spot in the first map, its starting time and on which on-demand VM it should be executed to meet the application deadline in order to avoid temporal failures. The latter will be used whenever the hibernation period of a spot VM exceeds a time limit. Performance results from simulation with task execution traces, configuration of Amazon EC2 VM classes, and VMs market history confirms the effectiveness of our scheduling and that it tolerates temporal failures

Integrating labor awareness to energy-efficient production scheduling under real-time electricity pricing : an empirical study

With the penetration of smart grid into factories, energy-efficient production scheduling has emerged as a promising method for industrial demand response. It shifts flexible production loads to lower-priced periods to reduce energy cost for the same production task. However, the existing methods only focus on integrating energy awareness to conventional production scheduling models. They ignore the labor cost which is shift-based and follows an opposite trend of energy cost. For instance, the energy cost is lower during nights while the labor cost is higher. Therefore, this paper proposes a method for energy-efficient and labor-aware production scheduling at the unit process level. This integrated scheduling model is mathematically formulated. Besides the state-based energy model and genetic algorithm-based optimization, a continuous-time shift accumulation heuristic is proposed to synchronize power states and labor shifts. In a case study of a Belgian plastic bottle manufacturer, a set of empirical sensitivity analyses were performed to investigate the impact of energy and labor awareness, as well as the production-related factors that influence the economic performance of a schedule. Furthermore, the demonstration was performed in 9 large-scale test instances, which encompass the cases where energy cost is minor, moderate, and major compared to the joint energy and labor cost. The results have proven that the ignorance of labor in existing energy-efficient production scheduling studies increases the joint energy and labor cost, although the energy cost can be minimized. To achieve effective production cost reduction, energy and labor awareness are recommended to be jointly considered in production scheduling. (C) 2017 Elsevier Ltd. All rights reserved

A Generic Mechanism for Repairing Job Shop Schedules

Reactive repair of a disrupted schedule is a better alternative to total rescheduling, as the latter is a time consuming process and also results in shop floor nervousness. The schedule repair heuristics reported in the literature generally address only machine breakdown. This paper presents a modified Affected Operations Rescheduling (mAOR) approach, which deals with many of the disruptions that are frequently encountered in a job shop. The repair of these disruptions has been decomposed into four generic repair actions that can be applied singularly or in combination. These generic repair actions are evaluated through a simulation study with the performance measures of efficiency and stability. The results indicate the effectiveness of the mAOR heuristic in dealing with typical job shop disruptions.Singapore-MIT Alliance (SMA