Time-based goal chasing method for mixed-model assembly line problem with multiple work stations

In sequencing problems for mixed-model assembly line in JIT production system, the Goal Chasing method (GC) is widely used for parts used leveling goal. The difference in assembly time of each product is not taken into consideration in the Goal Chasing method. Assembly time usually varies with product types. In recent years, the Time-Based Goal Chasing method (TBGC) has been proposed. The advantage of TBGC is to consider the influence of different assembly time of each product and idle time in production period. TBGC, however, has been only applied to single work station problems. In this paper, TBGC is applied to an assembly line problem with multiple work stations. Furthermore, the sequencing method and use of Simulated Annealing (SA) or Local Search (LS) for this problem are proposed.     

Measuring precautionary wealth using cross-sectional data: the case of farm households

This study models and investigates the presence of precautionary wealth among farm households, something few studies have attempted. Using pooled farm-level data, we find that self-employed farm households accumulate more wealth. Precautionary savings is about 8% of total household wealth. In addition, we find that age, education, occupation, and operation size are important factors influencing wealth accumulation by US farm households.     

Nonstationary nonlinear quantile regression

This study examines estimation and inference based on quantile regression for parametric nonlinear models with an integrated time series covariate. We first derive the limiting distribution of the nonlinear quantile regression estimator and then consider testing for parameter restrictions, when the regression function is specified as an asymptotically homogeneous function. We also study linear-in-parameter regression models when the regression function is given by integrable regression functions as well as asymptotically homogeneous regression functions. We, furthermore, propose a fully modified estimator to reduce the bias in the original estimator under a certain set of conditions. Finally, simulation studies show that the estimators behave well, especially when the regression error term has a fat-tailed distribution.     

Sensitivity analysis in maximum likelihood factor analysis

The present paper deals with sensitivity analysis in maximum likelihood factor analysis. To investigate the influence of a small change of data we derive theoretical influence functions I(x; LL^T ) and I(x; Δ) for a common variance matrix T= LL^T and a unique variance matrix Δ respectively. Numerical examples are shown to illustrate our procedure.