-
作者:Adida, Elodie; Perakis, Georgia
作者单位:University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital; Massachusetts Institute of Technology (MIT)
摘要:In this paper, we study a make-to-stock manufacturing system where two firms compete through dynamic pricing and inventory control. Our goal is to address competition ( in particular a duopoly setting) together with the presence of demand uncertainty. We consider a dynamic setting where multiple products share production capacity. We introduce a demand-based fluid model where the demand is a linear function of the price of the supplier and of her competitor, the inventory and production costs ...
-
作者:Leung, Joseph Y. -T.; Pinedo, Michael; Wan, Guohua
作者单位:New Jersey Institute of Technology; New York University; Shanghai Jiao Tong University
摘要:We consider a scheduling environment with m (m >= 1) identical machines in parallel and two agents. Agent A is responsible for n(1) jobs and has a given objective function with regard to these jobs; agent B is responsible for n(2) jobs and has an objective function that may be either the same or different from the one of agent A. The problem is to find a schedule for the n(1) + n(2) jobs that minimizes the objective of agent A (with regard to his n(1) jobs) while keeping the objective of agent...
-
作者:Levi, Retsef; Radovanovic, Ana
作者单位:Massachusetts Institute of Technology (MIT); Alphabet Inc.; Google Incorporated
摘要:Motivated by emerging applications in workforce management, we consider a class of revenue management problems in systems with reusable resources. The corresponding applications are modeled using the well-studied loss network systems. We use an extremely simple linear program (LP) that provides an upper bound on the best achievable expected long-run revenue rate. The optimal solution of the LP is used to devise a conceptually simple control policy that we call the class selection policy (CSP)....
-
作者:Papier, Felix; Thonemann, Ulrich W.
作者单位:University of Cologne
摘要:Many companies have started segmenting customers to better match their products and services to the needs of the customers. We support this development by presenting a stochastic model of a rental system with two customer classes that was motivated by the operations of one of Europe's leading logistics companies. At the company, customers can choose between premium and classic service. Under premium service, customers provide advance demand information (ADI) by reserving cars ahead of the time...
-
作者:Savasaneril, Secil; Griffin, Paul M.; Keskinocak, Pinar
作者单位:Middle East Technical University; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; University System of Georgia; Georgia Institute of Technology
摘要:We study a dynamic lead-time quotation problem in a base-stock inventory system characterized by lead-time sensitive Poisson demand and exponentially distributed service times. We show that the optimal profit is unimodal in the base-stock level. We compare the base-stock system with a make-to-order (MTO) system and show that the lead-time quotes are lower in an MTO system and that increasing the base-stock level does not necessarily decrease the expected number of customers waiting. Numerical ...
-
作者:Ankenman, Bruce; Nelson, Barry L.; Staum, Jeremy
作者单位:Northwestern University
摘要:We extend the basic theory of kriging, as applied to the design and analysis of deterministic computer experiments, to the stochastic simulation setting. Our goal is to provide flexible, interpolation-based metamodels of simulation output performance measures as functions of the controllable design or decision variables, or uncontrollable environmental variables. To accomplish this, we characterize both the intrinsic uncertainty inherent in a stochastic simulation and the extrinsic uncertainty...
-
作者:Heydenreich, Birgit; Muller, Rudolf; Uetz, Marc
作者单位:Maastricht University; University of Twente
摘要:Traditional optimization models assume a central decision maker who optimizes a global system performance measure. However, problem data is often distributed among several agents, and agents make autonomous decisions. This gives incentives for strategic behavior of agents, possibly leading to suboptimal system performance. Furthermore, in dynamic environments, machines are locally dispersed and administratively independent. Examples are found both in business and engineering applications. We i...
-
作者:Caro, Felipe; Gallien, Jeremie
作者单位:University of California System; University of California Los Angeles; Massachusetts Institute of Technology (MIT)
摘要:Working in collaboration with Spain-based retailer Zara, we address the problem of distributing, over time, a limited amount of inventory across all the stores in a fast-fashion retail network. Challenges specific to that environment include very short product life cycles, and store policies whereby an article is removed from display whenever one of its key sizes stocks out. To solve this problem, we first formulate and analyze a stochastic model predicting the sales of an article in a single ...
-
作者:Chen, Wenqing; Sim, Melvyn; Sun, Jie; Teo, Chung-Piaw
作者单位:National University of Singapore; National University of Singapore
摘要:We review and develop different tractable approximations to individual chance-constrained problems in robust optimization on a variety of uncertainty sets and show their interesting connections with bounds on the conditional-value-at-risk (CVaR) measure. We extend the idea to joint chance-constrained problems and provide a new formulation that improves upon the standard approach. Our approach builds on a classical worst-case bound for order statistics problems and is applicable even if the con...
-
作者:Gurvich, Itai; Whitt, Ward
作者单位:Northwestern University; Columbia University
摘要:Motivated by telephone call centers, we study large-scale service systems with multiple customer classes and multiple agent pools, each with many agents. To minimize staffing costs subject to service-level constraints, where we delicately balance the service levels (SLs) of the different classes, we propose a family of routing rules called fixed-queue-ratio (FQR) rules. With FQR, a newly available agent next serves the customer from the head of the queue of the class (from among those he is el...