We briefly survey several insights about value and revenue maximization in multi-object auctions and apply them to the German (and Austrian) UMTS auction. In particular, we discuss in detail the exposure problem that caused firms in Germany to pay almost Euro 20 billion for nothing.

In this paper, we present an exact algorithm to find all extreme supported nondominated points of multiobjective mixed integer programs. The algorithm uses a composite linear objective function and finds all the desired points in a finite number of steps by changing the weights of the objective...

Market segmentation is inherently a multicriterion problem even though it has often been modeled as a single-criterion problem in the traditional marketing literature and in practice. This paper discusses the multicriterion nature of market segmentation and develops a new mathematical model that...

Supplier selection is a continuous and never-ending process for acquiring the necessary raw materials and components to support the final output of business organizations. The suppliers are supposed to provide the required materials, products, components, parts or services within the scheduled...

Several studies which were conducted to examine the potential benefits of the implementation of Flexible Manufacturing Systems (FMS) concluded that the advantages of FMS implementation are very large. The implementation of FMS is often determined by its embedded software. In an FMS, the software...

The transformer is one of the most useful pieces of equipment in a power system. The objective of the optimum design is to build the equipment as economically as possible. The design which fulfils certain limitations is subordinated to the question of economic manufacture. This paper presents a...

Messages in Multicast Ad Hoc On-Demand Distance Vector (MAODV) routing protocol are transmitted by flooding which causes traffic overhead. Further mobility breaks those paths that are established by the routing protocol and disrupts the communication, executing an increased rate of link failure....