Showing 1 - 10 of 17
Persistent link: https://www.econbiz.de/10003724658
This paper studies a Markovian two-station tandem queueing network with impatient customers. Queueing networks with abandonment are common in many industries, e.g., call centers and healthcare. Therefore, their management has received much attention. The resulting model is a level-dependent...
Persistent link: https://www.econbiz.de/10011897919
In the classic revenue management (RM) problem of selling a fixed quantity of perishable inventories to price-sensitive non-strategic consumers over a finite horizon, the optimal pricing decision at any time depends on two important factors: consumer valuation and bid price. The former is...
Persistent link: https://www.econbiz.de/10013064379
Many individuals infected with the novel Coronavirus (SARS-CoV-2) suffer from intestinal infection as well as respiratory infection. These COVID-19-suffering individuals shed virus in their stool, resulting in municipal sewage systems carrying the virus and its genetic remnants. These viral...
Persistent link: https://www.econbiz.de/10012504229
In the last two decades, terrorism has become a major issue around the world. We analyze a conflict between a terrorist (Terrorist) and a passive defender (Defender) using a simple game theoretical model. Defender is passive as her actions can only influence the costs (damages) when Terrorist...
Persistent link: https://www.econbiz.de/10014036909
Operational models often balance assignment and capacity decisions under data uncertainty. For example, in operating room scheduling the decision maker must define appropriate limits for personnel overtime while accounting for random surgery durations. Typical approaches to hedge against...
Persistent link: https://www.econbiz.de/10014350881
Mismatch between supply and demand when the uncertainty of the demand is high and the supply lead time is relatively long such as seasonal good markets can result in high overstocking and understocking costs. In this paper we propose proactive transshipment as a powerful mechanism to mitigate...
Persistent link: https://www.econbiz.de/10013026702
The paper discusses the value of information when a numberof independent sources provide information related to acommon set of states of nature.The starting point is the Information Economic model ofInformation Structures. The model is augmented to representindependence of informational sources...
Persistent link: https://www.econbiz.de/10012769482
Privacy and technology are entangled in an endless relationship. Privacy is said to have died, but persistent research, as well as our daily experience, indicate otherwise: citizens and users are still interested in maintaining their privacy. The PRACTIS project forecasted future technology and...
Persistent link: https://www.econbiz.de/10014151019
In this paper, we study a multi-period stochastic perishable inventory system with multiple demand classes that require products of different ages. The firm orders the product with a positive leadtime and sells it to multiple demand classes, each only accepting products with remaining lifetime...
Persistent link: https://www.econbiz.de/10012917290