Search Results - subject:"dynamic programming"

Level Scheduling of Mixed-Model Assembly Lines under Storage Constraints

Boysen, Nils; Fliedner, Malte; Scholl, Armin - Wirtschaftswissenschaftliche Fakultät, … - 2007

In a mixed-model assembly line dierent models of a common base product can be manufactured in intermixed production sequences. A famous solution approach for the resulting short-term sequencing problem is the so called level scheduling problem, which aims at evenly smoothing the material...

Persistent link: https://www.econbiz.de/10005835230

The optimal asset allocation of the main types of pension funds: a unified framework

Romaniuk, Katarzyna - In: The Geneva Papers on Risk and Insurance Theory 32 (2007) 2, pp. 113-128

Persistent link: https://www.econbiz.de/10005722854

Genetic algorithm-based simulated annealing method for solving unit commitment problem in utility system

Rajan, C. Christober Asir - In: International Journal of Global Energy Issues 28 (2007) 1, pp. 65-87

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...

Persistent link: https://www.econbiz.de/10008539202

Comparing accuracy of second-order approximation and dynamic programming

Becker, Stephanie; Grüne, Lars; Semmler, Willi - In: Computational Economics 30 (2007) 1, pp. 65-91

equilibrium, the second-order approximation method performs satisfactorily; however, on larger regions, dynamic programming … a base-line stochastic growth model, this paper compares the accuracy of second-order approximations and dynamic … programming solutions for both the decision variable and the value function as well. We find that, in a neighborhood of the …

Persistent link: https://www.econbiz.de/10005701615

Intertemporal price discrimination with forward-looking consumers: Application to the US market for console video-games

Nair, Harikesh - In: Quantitative Marketing and Economics 5 (2007) 3, pp. 239-292

Persistent link: https://www.econbiz.de/10005701811

Subjective Beliefs and Schooling Decisions

Belzil, Christian - Institute for the Study of Labor (IZA) - 2007

This paper considers the estimation of sequential schooling decisions made by agents who are endowed with subjective beliefs about their own ability. I use unique Italian panel data which provide information on i) the curvature of the per-period utility function, ii) schooling decisions, iii)...

Persistent link: https://www.econbiz.de/10005703538

Choosing Among Living-Donor and Cadaveric Livers

Alagoz, Oguzhan; Maillart, Lisa M.; Schaefer, Andrew J.; … - In: Management Science 53 (2007) 11, pp. 1702-1715

The only therapy for a patient with end-stage liver disease (ESLD) is liver transplantation, which is performed by using either a cadaveric liver from a deceased donor or a portion of a living-donor's liver. This study addresses the following decision problem for an ESLD patient with an...

Persistent link: https://www.econbiz.de/10009191952

Strategic Management of R& D Pipelines with Cospecialized Investments and Technology Markets

Chan, Tat; Nickerson, Jack A.; Owan, Hideo - In: Management Science 53 (2007) 4, pp. 667-682

different stages. In this paper we develop a model using dynamic-programming techniques that explain why firms vary in their R …

Persistent link: https://www.econbiz.de/10009204124

The Machine Maintenance and Sale Age Model of Kamien and Schwartz Revisited

Bensoussan, Alain; Sethi, Suresh P. - In: Management Science 53 (2007) 12, pp. 1964-1976

In this paper, we revisit and clarify the celebrated machine maintenance and sale age model of Kamien and Schwartz (KS) involving a machine subject to failure. KS formulate and solve the problem as a deterministic optimal control problem with the probability of the machine failure as the state...

Persistent link: https://www.econbiz.de/10009204152

Dynamic Assortment with Demand Learning for Seasonal Consumer Goods

Caro, Felipe; Gallien, Jérémie - In: Management Science 53 (2007) 2, pp. 276-292

Companies such as Zara and World Co. have recently implemented novel product development processes and supply chain architectures enabling them to make more product design and assortment decisions during the selling season, when actual demand information becomes available. How should such retail...

Persistent link: https://www.econbiz.de/10009209132