Focusing on a seller's regret in not acting optimally, we develop a model of overbooking and fare-class allocation in the multifare, single-resource problem in revenue management. We derive optimal static overbooking levels and booking limits, in closed form, that minimize the maximum relative...

For the basic problem of non-preemptively scheduling n independent jobs on m identical parallel machines so that the minimum (or earliest) machine completion time is maximized, we compare the performance relationship between two well-known longest-first heuristics - the LPT- (longest processing...

We consider the problem in which several products have to be shipped from a supplier to a set of retailers over an infinite time horizon. Each product is made available at the supplier and absorbed by each retailer at given constant production and consumption rates. For each product, the unit...

This paper models the data generating process of common value auctions in a parameter-estimation way, known as the classical approach in statistical inference. Viewing the true value of the object as a parameter that nobody ever knows, we let our value function be the average of the individual...

We study determining prices and production jointly in a multiple period horizon under a general, nonstationary stochastic demand function with a discrete menu of prices. We assume that the available production capacity is limited and that unmet demand is lost. We incorporate discretionary sales,...