As interest rate benchmarks move from LIBOR to overnight Risk-Free Rates (RFR), it has become increasingly important for models to accurately capture the interest rate dynamics at the overnight tenor. Overnight rates closely track central bank policy rate decisions resulting, in highly...

Scheduling problems occur in a broad range of real-world application fields and have attracted a huge set of research articles. However, there is only little research on exact algorithms for scheduling problems, many of which are NP-hard in the strong sense. We investigate the problem on a...

This paper considers a tandem queueing system, in which stage 1 has one station serving multiple classes of arriving customers differing in their service requirements and related delay costs, and stage 2 has multiple parallel stations, each of which provides one type of service. Each station has...

Due to their high initial investment costs, and excessive energy consumption, autoclaves are costly pieces of machinery to operate in manufacturing composite materials. They play a critical role in the process since they feed the subsequent processes. For more effective autoclave operations,...

In a high-speed railway (HSR) corridor, diverse train services are provided by railway companies. These different trains’ features own various attributes (e.g., departure time, running speed, and fare) being the basis and focus for passengers deciding their travel. Besides, passenger’s...