作者:KEEFER, DL
摘要:Bidding for offshore U.S. oil and gas leases is a major corporate resource allocation problem involving enormous uncertainties and very high stakes. This paper presents two new, operationally useful decision analysis models to aid in bidding for oil and gas leases. They are unique in that they consider risk aversion and probabilistic dependence among the values of the leases, with both bid levels and partnership shares as (continuous) decision variables. They are suitable for use in evaluating...
作者:SARKAR, D; ZANGWILL, WI
作者单位:University of Chicago
摘要:Utilizing a cyclic queue system, this paper investigates the effect of variance on a multi-item production facility. The variance of setup time, service rate and arrival rate is shown to have a powerful and sometimes paradoxical influence. Reduction in setup time, for example, is usually presumed to reduce inventory. We demonstrate that inventory can blow up if setup time is cut. Another paradoxical effect of variance is on processing rate. Speeding up the processing rate should reduce the mat...
作者:MANDELL, MB
摘要:Distributional equity is a particularly salient objective in public sector decision making in general, and decision making concerning the delivery of public services such as education, libraries, sanitation, and public safety in particular. In this paper two related bicriteria mathematical programming models are developed for identifying the trade-offs between overall output (effectiveness) and equity that result from alternative allocations of service resources among different service deliver...