The assignment of rolling stock units to timetable services in passenger railways is an important optimization problem that has been addressed by many papers in different forms. Solution approaches have been proposed for different planning phases: strategic, tactical, and also operational...

We study a model of managerial incentive problems where a manager chooses the first two moments of his firm's profit distribution - mean and volatility - along an efficient frontier. Assuming that managers differ with respect to their marginal cost of effort and their risk aversion we explore...