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作者:Xia, Li
作者单位:Sun Yat Sen University
摘要:This study investigates the optimization problem of an infinite stage discrete time Markov decision process (MDP) with a long-run average metric considering both mean and variance of rewards together. Such performance metric is important since the mean indicates average returns and the variance indicates risk or fairness. However, the variance metric couples the rewards at all stages, the traditional dynamic programming is inapplicable as the principle of time consistency fails. We study this ...
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作者:Bapna, Ravi; Day, Robert; Rice, Sarah
作者单位:University of Connecticut; Texas A&M University System; Texas A&M University College Station; Mays Business School
摘要:Much of the prominent literature describing behavior in eBay-like marketplaces emphasizes the successful use of sniping agents that wait until the last moments of an auction to bid (truthfully) on behalf of a human user. These agents fare well against naive agents (typically assumed to be those who bid incrementally on the most profitable open auction) who do not get the chance to respond to the snipe-bid placed in the final seconds. This reasoning, however, tends to ignore the effect of the p...
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作者:Lim, Yun Fong; Lu, Bingnan; Wang, Rowan; Zhang, Wenjia
作者单位:Singapore Management University; University of Minnesota System; University of Minnesota Twin Cities; The Chinese University of Hong Kong, Shenzhen
摘要:Many manufacturing and service systems require a finite number of heterogeneous jobs to be processed by two stations in tandem. Each station serves at most one job at a time and there is a finite buffer between the two stations. We consider two flexible servers that are cross-trained to work at both stations. The duration for a server to finish a job at a station is exponentially distributed with a rate that depends on the server, the station, and the job. Our goal is to identify an efficient ...
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作者:Bassamboo, Achal; Moreno, Antonio; Stamatopoulos, Ioannis
作者单位:Northwestern University; Harvard University; University of Texas System; University of Texas Austin
摘要:Spoilage, expiration, damage due to employee/customer handling, employee theft, and customer shoplifting usually are not reflected in inventory records. As a result, records often report phantom inventory, that is, units of good not available for sale. We derive an optimal polynomial-time algorithm for the auditing and replenishment problem with phantom inventory, under the assumption that inventory is known immediately after replenishment. Moreover, we numerically show that a service-level th...
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作者:Saunders, Lance W.; Brooks, J. Paul; Merrick, Jason R. W.; Autry, Chad W.
作者单位:University of Tennessee System; University of Tennessee Knoxville; Virginia Commonwealth University; University of Tennessee System; University of Tennessee Knoxville
摘要:Literature supports that buyers can influence suppliers to adopt sustainable practices. Much of this literature, however, is descriptive and takes only the perspective of a buyer trying to diffuse sustainability into its supply base. Alternatively, this study augments the literature through the development of a prescriptive mathematical model that maximizes a supplier's expected revenue from making a bid to a large buyer, inclusive of a sustainability criterion. Specifically, the model uses de...
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作者:Yang, Xiaodong; Cai, Gangshu (George); Ingene, Charles A.; Zhang, Jihong
作者单位:Shanghai University of International Business & Economics; Beijing Foreign Studies University; Santa Clara University; University of Oklahoma System; University of Oklahoma - Norman
摘要:A manufacturer commonly distributes through a set of retailers who are authorized to sell its product; demand-enhancing services may also be provided by the manufacturer. These services may be granted to all authorized retailers (uniform service provision) or to a favored few authorized retailers (differential service provision). To determine when a manufacturer does-or does not-bestow equal service levels, we develop a model of one manufacturer selling through two competing retailers. We find...
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作者:Thurer, Matthias; Fernandes, Nuno O.; Stevenson, Mark
作者单位:Jinan University; Polytechnic Institute of Castelo Branco; Universidade do Minho; Lancaster University
摘要:Material flow control mechanisms determine: (i) whether an order should be released onto the shop floor; and (ii) whether a station should be authorized to produce. Well-known approaches include Kanban, Drum-Buffer-Rope (DBR), Constant Work-in-Process (ConWIP), Paired-cell Overlapping Loops of Cards with Authorization (POLCA), Workload Control (WLC), and Control of Balance by Card Based Navigation (COBACABANA). The literature typically treats these approaches as competing, meaning studies argu...
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作者:de Vries, Harwin; van de Klundert, Joris; Wagelmans, Albert P. M.
作者单位:Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC; Prince Mohammed Bin Salman College of Business & Entrepreneurship; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam
摘要:The population of truck drivers plays a key role in the spread of HIV and other infectious diseases in sub-Saharan Africa. Truck drivers thereby affect the health and lives of many, but also suffer from poor health and significantly reduced life expectancy themselves. Due to professional circumstances, their health service needs are generally not well addressed. Therefore, the non-governmental organization North Star Alliance builds a network of healthcare facilities along the largest trucking...
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作者:Hwang, Elina H.; Krackhardt, David
作者单位:University of Washington; University of Washington Seattle; Carnegie Mellon University; Carnegie Mellon University
摘要:Effective operations require the coordination of distributed knowledge. Division and distance across teams and specialties form barriers to communication, creating insulated pockets of knowledge along geographic and specialty borders. Such fragmentation can hamper a company's ability to fully utilize existing knowledge, potentially hurting its productivity in the long run. As such, many companies have created internal online knowledge communities, in which employees can exchange solutions in v...
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作者:Sharma, Shrutivandana; Abouee-Mehrizi, Hossein; Sartor, Giorgio
作者单位:Singapore University of Technology & Design; University of Waterloo; SINTEF
摘要:Inventory management in most practical settings faces challenges due to various restrictions on storage and replenishment of products. These restrictions may be posed by budget availability, different production/supply schedules for different products, and limited storage space shared by a number of products-very common in retail, food, and the pharmaceutical industry. Motivated by this, we investigate in this study how simultaneous restrictions on shared storage capacity and product-specific ...