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作者:Chen, Youhua (Frank); Xue, Weili; Yang, Jian
作者单位:City University of Hong Kong; Nanjing University; Rutgers University System; Rutgers University Newark; Rutgers University New Brunswick
摘要:We consider a stochastic inventory control problem in which a buyer makes procurement decisions while facing periodic random demand and two supply sources, namely, a long-term contract supplier and a spot market. The contract between the buyer and the supplier partially shields the latter from the vicissitudes of the spot market, in that the price paid by the buyer to the supplier is only partially linked to the spot price at the moment. After fulfilling the minimum-order commitment with the s...
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作者:Dey, Debabrata; Kumar, Subodha
作者单位:University of Washington; University of Washington Seattle; Texas A&M University System; Texas A&M University College Station; Mays Business School
摘要:Information systems play a very important role in managerial decision making within modern organizations. While making different types of decisions (at operational, tactical, and strategic levels), managers are increasingly relying on information gleaned from various databases, data warehouses, and data streams feeding them. The quality of organizational decisions, therefore, often depends on the quality of the information derived from these databases and data streams, and a manager is able to...
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作者:Marden, Jason R.; Wierman, Adam
作者单位:University of Colorado System; University of Colorado Boulder; California Institute of Technology
摘要:Game-theoretic tools are becoming a popular design choice for distributed resource allocation algorithms. A central component of this design choice is the assignment of utility functions to the individual agents. The goal is to assign each agent an admissible utility function such that the resulting game possesses a host of desirable properties, including scalability, tractability, and existence and efficiency of pure Nash equilibria. In this paper we formally study this question of utility de...
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作者:Ozener, Okan Orsan; Ergun, Ozlem; Savelsbergh, Martin
作者单位:Ozyegin University; University System of Georgia; Georgia Institute of Technology; University of Newcastle
摘要:Vendor-managed inventory (VMI) replenishment is a collaboration between a supplier and its customers, where the supplier is responsible for managing the customers' inventory levels. In the VMI setting we consider, the supplier exploits synergies between customers, e. g., their locations, usage rates, and storage capacities, to reduce distribution costs. Due to the intricate interactions between customers, calculating a fair cost-to-serve for each customer is a daunting task. However, cost-to-s...
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作者:Nazerzadeh, Hamid; Saberi, Amin; Vohra, Rakesh
作者单位:University of Southern California; Stanford University; Northwestern University
摘要:We examine the problem of allocating an item repeatedly over time amongst a set of agents. The value that each agent derives from consumption of the item may vary over time. Furthermore, it is private information to the agent, and prior to consumption it may be unknown to that agent. We describe a mechanism based on a sampling-based learning algorithm that under suitable assumptions is asymptotically individually rational, asymptotically Bayesian incentive compatible, and asymptotically ex ant...
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作者:Agrawal, Paras M.; Sharda, Ramesh
作者单位:Oklahoma State University System; Oklahoma State University - Stillwater
摘要:In physics, at the beginning of the twentieth century it was recognized that some experiments could not be explained by the conventional classical mechanics, but the same could be explained by the newly discovered quantum theory. It resulted in a new mechanics called quantum mechanics that revolutionized scientific and technological developments. Again, at the beginning of the twenty-first century, it is being recognized that some experiments related to the human decision-making processes coul...
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作者:Agarwal, Yogesh
作者单位:Indian Institute of Management (IIM System); Indian Institute of Management Lucknow
摘要:This paper considers the problem of designing a multicommodity network with single facility type subject to the requirement that under failure of any single edge, the network should permit a feasible flow of all traffic. We study the polyhedral structure of the problem by considering the multigraph obtained by shrinking the nodes, but not the edges, in a k-partition of the original graph. A key theorem is proved according to which a facet of the k-node problem defined on the multigraph resulti...
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作者:Bertsimas, Dimitris; Farias, Vivek F.; Trichakis, Nikolaos
作者单位:Massachusetts Institute of Technology (MIT); Harvard University
摘要:We propose a scalable, data-driven method for designing national policies for the allocation of deceased donor kidneys to patients on a waiting list in a fair and efficient way. We focus on policies that have the same form as the one currently used in the United States. In particular, we consider policies that are based on a point system that ranks patients according to some priority criteria, e. g., waiting time, medical urgency, etc., or a combination thereof. Rather than making specific ass...
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作者:Fang, Xiao; Sheng, Olivia R. Liu; Goes, Paulo
作者单位:Utah System of Higher Education; University of Utah; University of Arizona
摘要:Knowledge discovery in databases (KDD) techniques have been extensively employed to extract knowledge from massive data stores to support decision making in a wide range of critical applications. Maintaining the currency of discovered knowledge over evolving data sources is a fundamental challenge faced by all KDD applications. This paper addresses the challenge from the perspective of deciding the right times to refresh knowledge. We define the knowledge-refreshing problem and model it as a M...
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作者:Lam, Shao-Wei; Tsan Sheng Ng; Sim, Melvyn; Song, Jin-Hwa
作者单位:National University of Singapore; National University of Singapore; Exxon Mobil Corporation
摘要:We propose a class of functions, called multiple objective satisficing (MOS) criteria, for evaluating the level of compliance of a set of objectives in meeting their targets collectively under uncertainty. The MOS criteria include the joint targets' achievement probability (joint success probability criterion) as a special case and also extend to situations when the probability distributions are not fully characterized. We focus on a class of MOS criteria that favors diversification, which has...