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作者：Dai, Wanyang
作者单位：Nanjing University; Nanjing University
摘要：We design a dynamic rate scheduling policy of Markov type by using the solution (a social optimal Nash equilibrium point) to a utility-maximization problem over a randomly evolving capacity set for a stochastic system of generalized processor-sharing queues in a random environment whose job arrivals to each queue follow a doubly stochastic renewal process (DSRP). Both the random environment and the random arrival rate of each DSRP are driven by a finite state continuous time Markov chain. The ...
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作者：Deo, Sarang; Iravani, Seyed; Jiang, Tingting; Smilowitz, Karen; Samuelson, Stephen
作者单位：Indian School of Business (ISB); Northwestern University
摘要：This paper studies a model of community-based healthcare delivery for a chronic disease. In this setting, patients periodically visit the healthcare delivery system, which influences their disease progression and consequently their health outcomes. We investigate how the provider can maximize community-level health outcome's through better operational decisions pertaining to capacity allocation across different patients. To do so, we develop an integrated capacity allocation model that incorpo...
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作者：Jasin, Stefanus; Kumar, Sunil
作者单位：University of Michigan System; University of Michigan; University of Chicago
摘要：We study the performance of two popular and widely used heuristics for revenue management known as the booking limit and bid price controls. In contrast to a recent result in the literature where frequent re-solvings of a certain heuristic are shown to significantly reduce revenue loss, we show that the asymptotic revenue loss of either booking limit or bid price control cannot be reduced regardless of the choice of re-solving times and the frequency of re-solving. Moreover, we also show that ...
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作者：Carlsson, John Gunnar; Jia, Fan
作者单位：University of Minnesota System; University of Minnesota Twin Cities
摘要：The hub-and-spoke distribution paradigm has been a fundamental principle in geographic network design for more than 40 years. One of the primary advantages that such networks possess is their ability to exploit economies of scale in transportation by aggregating network flows through common sources. In this paper, we consider the problem of designing an optimal hub-and-spoke network in continuous Euclidean space: the spokes of the network are distributed uniformly over a service region, and ou...
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作者：Moallemi, Ciamac C.; Saglam, Mehmet
作者单位：Columbia University; Princeton University
摘要：Modern electronic markets have been characterized by a relentless drive toward faster decision making. Significant technological investments have led to dramatic improvements in latency, the delay between a trading decision and the resulting trade execution. We describe a theoretical model for the quantitative valuation of latency. Our model measures the trading frictions created by the presence of latency, by considering the optimal execution problem of a representative investor. Via a dynami...
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作者：Moulin, Herve; Sethuraman, Jay
作者单位：University of Glasgow; Columbia University
摘要：In the bipartite rationing problem, a set of agents share a single resource available in different types, each agent has a claim over only a subset of the resource types, and these claims overlap in arbitrary fashion The goal is to divide fairly the various types of resources between the claimants when resources are in short supply. With a single type of resource, this is the standard rationing problem [O'Neill B (1982) A problem of rights arbitration from the Talmud. Math. Soc. Sci. 2(4):345-...
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作者：Saaty, Thomas L.
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh
摘要：This paper presents a summary of the discrete mathematical part of my work, the Analytic Hierarchy Process (AHP) and its generalization to dependence and feedback, the Analytic Network Process (ANP), for measuring tangible and intangible factors, particularly as applied to decision making. The factors of the decision are arranged in hierarchical or network structures and judgments are then made by the decision maker, or by an expert, about the dominant element for each pair with respect to a c...
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作者：Cherchye, Laurens; De Rock, Bram; Dierynck, Bart; Roodhooft, Filip; Sabbe, Jeroen
作者单位：KU Leuven; Universite Libre de Bruxelles; Tilburg University; Vlerick Business School
摘要：We develop a new data envelopment analysis (DEA)-based methodology for measuring the efficiency of decision-making units (DMUs) characterized by multiple inputs and multiple outputs. The distinguishing feature of our method is that it explicitly includes information about output-specific inputs and joint inputs in the efficiency evaluation. This method contributes to.opening the black box of efficiency measurement in two different ways. First, including information on the input allocation subs...
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作者：Chen, Xin; Hu, Peng; He, Simai
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; Huazhong University of Science & Technology; City University of Hong Kong
摘要：This paper establishes a new preservation property of supermodularity in a class of two-dimensional parametric optimization problems, where the constraint sets may not be lattices. This property and its extensions unify several results in the literature and provide powerful tools to analyze a variety of operations models including a two-product coordinated pricing and inventory control problem with cross-price effects that we use as an illustrative example.
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作者：Xie, Jing; Frazier, Peter I.
作者单位：Cornell University
摘要：We consider the problem of efficiently allocating simulation effort to determine which of several simulated systems have mean performance exceeding a threshold of known value. Within a Bayesian formulation of this problem, the optimal fully sequential policy for allocating simulation effort is the solution to a dynamic program. When sampling is limited by probabilistic termination or sampling costs, we show that this dynamic program can be solved efficiently, providing a tractable way to compu...
