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作者:Bichler, Martin; Guler, Kemal; Mayer, Stefan
作者单位:Technical University of Munich; Hewlett-Packard
摘要:We analyze if and when symmetric Bayes Nash equilibrium predictions can explain human bidding behavior in multi-object auctions. We focus on two sealed-bid split-award auctions with ex ante split decisions as they can be regularly found in procurement practice. These auction formats are straightforward multi-object extensions of the first-price sealed-bid auction. We derive the risk-neutral symmetric Bayes Nash equilibrium strategies and find that, although the two auction mechanisms yield the...
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作者:Whitt, Ward
作者单位:Columbia University
摘要:We develop stochastic models to help manage the pace of play on a conventional 18-hole golf course. These models are for group play on each of the standard hole types: par-3, par-4, and par-5. These models include the realistic feature that k-2 groups can be playing at the same time on a par-k hole, but with precedence constraints. We also consider par-3 holes with a wave-up rule, which allows two groups to be playing simultaneously. We mathematically determine the maximum possible throughput ...
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作者:Saladin, Brooke A.; Shang, Guangzhi; Fry, Timothy D.; Donohue, Joan M.
作者单位:Wake Forest University; State University System of Florida; Florida State University; University of South Carolina System; University of South Carolina Columbia
摘要:The Production and Operations Management Society is the largest professional society dedicated to creating and disseminating knowledge in product and process design, operations, and supply chains for the management of manufacturing and services. Its research journal, Production and Operations Management (POM), covers all topics in the discipline and all research paradigms to serve the entire community. Since its inception in 1992, POM has become recognized as a top tier outlet for operations m...
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作者:Vossen, Thomas W. M.; Zhang, Dan
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作者:Pince, Cerag; Frenk, J. B. G.; Dekker, Rommert
作者单位:Kuhne Logistics University; Sabanci University; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam
摘要:The majority of after-sales service providers manage their service parts inventory by focusing on the availability of service parts. This approach, combined with automatic replenishment systems, leads to reactive inventory control policies where base stock levels are adjusted only after a service contract expires. Consequently, service providers often face excess stock of critical service parts that are difficult to dispose due to their specificity. In this study, we address this problem by de...
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作者:Hall, Nicholas G.; Leung, Joseph Y. -T.; Li, Chung-Lun
作者单位:University System of Ohio; Ohio State University; New Jersey Institute of Technology; Hong Kong Polytechnic University
摘要:This study considers a typical scheduling environment that is influenced by the behavioral phenomenon of multitasking. Under multitasking, the processing of a selected job suffers from interruption by other jobs that are available but unfinished. This situation arises in a wide variety of applications; for example, administration, manufacturing, and process and project management. Several classical solution methods for scheduling problems no longer apply in the presence of multitasking. The so...
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作者:Yu, Yugang; de Koster, Rene B. M.; Guo, Xiaolong
作者单位:Chinese Academy of Sciences; University of Science & Technology of China, CAS; Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC
摘要:Class-based storage is widely studied in the literature and applied in practice. It divides all stored items into a number of classes according to their turnover. A class of items with higher turnover is allocated to a region closer to the warehouse depot. In the literature, it has been shown that the use of more storage classes leads to a shorter travel time for storing and retrieving items. A basic assumption in this literature is that the required storage space for all items equals their av...
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作者:Geismar, H. Neil; Dawande, Milind; Murthi, B. P. S.; Sriskandarajah, Chelliah
作者单位:Texas A&M University System; Texas A&M University College Station; Mays Business School; University of Texas System; University of Texas Dallas; University of Texas System; University of Texas Dallas; University of Texas System; University of Texas Dallas
摘要:We consider the problem of optimally allocating contiguous rectangular presentation spaces in order to maximize revenues. Such problems are encountered in the arrangement of products in retail shelf-space and in the design of feature advertising displays or webpages. Specifically, we allow (i) the shape of a product's presentation to have a vertical as well as a horizontal component and (ii) displays to extend across multiple shelves for in-store presentations. Since the vertical location of t...
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作者:Huang, Tingliang; Chen, Ying-Ju
作者单位:Rensselaer Polytechnic Institute; University of London; University College London; Hong Kong University of Science & Technology; Hong Kong University of Science & Technology
摘要:The existing queueing literature typically assumes that customers either perfectly know the expected waiting time or are able to form rational expectations about it. In contrast, in this article, we study canonical service models where customers do not have such full information or capability. We assume that customers lack full capability or ample opportunities to perfectly infer the service rate or estimate the expected waiting time, and thus can only rely on past experiences and anecdotal re...
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作者:Maglaras, Costis; Eren, Serkan