We study how the convolution approximation of continuous mappings can be applied in solving optimal stopping problems of linear diffusions whenever the underlying payoff is not differentiable and the smooth fit principle does not necessarily apply. We construct a sequence of smooth reward...

We review classical valid linear inequalities for mixed-integer programming, i.e., Gomory's fractional and mixed-integer cuts, and discuss their use in branch-and-cut. In particular, a generalization of the recent mixed-integer rounding (MIR) inequality and a sufficient condition for the global...

This paper is concerned with the asymptotic behavior of a time dependent Markov model in a stochastic environment, with special relevance to manpower systems. The stochastic concept is established through the notion of optional scenarios applied on the transition process. A theorem is provided...

This note concerns discrete-time Markov decision processes with denumerable state space. A control policy is graded by the long-run expected average reward criterion, and the main feature of the model is that the reward function and the transition law depend on an unknown parameter. Besides...

In this paper, we deal with the extended well-posedness and strongly extended well-posedness of set-valued optimization problems. These two concepts are generalizations of the extended well-posedness of real-valued optimization probems defined by Zolezzi. We obtain some criteria and...

We consider a problem of dynamic replenishment of parts in the supply chain consisting of single class of customers, company, and supplier. Customers request a service via the WEB-based ordering system and the company supports service using parts which are procured from the supplier. The...

We propose an optimal schedule for multiple classes of arrivals in a queueing system consisting of queues in tandem. The arrival process for each class is Poisson with different rates, and the service times are constant. A theoretical result is presented by Linear Programming of sample-path...

We extend the consistency principle for strategic games (Peleg and Tijs (1996)) to apply to solutions which assign to each game a collection of product sets of strategies. Such solutions turn out to satisfy desirable properties that solutions assigning to each game a collection of strategy...

In this paper, we present several existence results for efficient solutions and efficient points in vector optimization problems. Firstly, we apply a corollary of a recently obtained Caristi-Kirk fixed point theorem ([3]) to obtain existence results for efficient solutions of a vector...

Two extensions of the Shapley value are given. First we consider a probabilistic framework in which certain consistent allocation rules such as the Shapley value are characterized. The second generalization of the Shapley value is an extension to the structure of posets by means of a recursive...