Solutions of portfolio optimization problems are often influenced by errors or misspecifications due to approximation, estimation and incomplete information. Selected methods for analysis of results obtained by solving stochastic programs are presented and their scope illustrated on generic...

We consider two “minimum”NP-hard job shop scheduling problems to minimize the makespan. In one of the problems every job has to be processed on at most two out of three available machines. In the other problem there are two machines, and a job may visit one of the machines twice. For each...

We consider two “minimum”NP-hard job shop scheduling problems to minimize the makespan. In one of the problems every job has to be processed on at most two out of three available machines. In the other problem there are two machines, and a job may visit one of the machines twice. For each...

Given a set of rectangular pieces to be cut from an unlimited number of standardized stock pieces (bins), the Two-Dimensional Finite Bin Packing Problem is to determine the minimum number of stock pieces that provide all the pieces. The problem is NP-hard in the strong sense and finds many...

Schedulers confronted with significant processing time uncertainty often discover that a schedule which is optimal with respect to a deterministic or stochastic scheduling model yields quite poor performance when evaluated relative to the actual processing times. In these environments, the...

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This paper studies a multi-facility network synthesis problem, called the Two-level Network Design (TLND) problem, that arises in the topological design of hierarchical communication, transportation, and electric power distribution networks. We are given an undirected network containing two...

The bounds on direct shipping cost developed by Gallego and Simchi-Levi are used in this note to demonstrate that it is difficult to rule out multiple stop inventory-routing strategies, even when the optimal shipment size for direct shipping is a full vehicle.

Distributions for returns are used to compute the capital charge for portfolios in investment banks. The mainstream definition of returns is based on closing prices and neglects the important effects of intraday trading activity on the losses . In this paper we introduce ''minimal returns'', a...