In this paper, we will introduce a new subclass of bitone sequential decision process (bsdp) and give a representation theorem for the subclass called positively/negatively bsdp, shortly, p/n bsdp, that is, necessary and sufficient condition for p/n bsdp to strongly represent a given discrete...

This paper develops and estimates a dynamic structural model of participation in the risky financial asset markets using household level panel data. We specify a simple economic model in order to capture the portfolio choice over the life cycle. We solve the model using numerical techniques....

Sports leagues conduct new player entry drafts in which franchises select, in a pre-determined order, players to complement their existing rosters. We model the decision-making process of a single sports franchise during a player selection draft. The basic premise of our model is that a team...

This paper presents a new approach to solve the short-term unit commitment problem using genetic algorithm-based simulated annealing method for utility system. The objective of this paper is to find the generation scheduling such that the total operating cost can be minimised when subjected to a...

A mixed-model assembly line enables the joint production of dierent models of a common base product in intermixed model sequence (lot size one). Previous approaches for the short-term planning task of model sequencing either aim at minimizing work overload (mixed-model sequencing and car...

At cross docking terminals, shipments from inbound trucks are unloaded, sorted and moved to dispatch points where they are directly loaded onto outbound trucks for an immediate delivery elsewhere in the distribution system. This warehouse management concept aims at realizing economies in...