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We study three problems on supply chain location and inventory under uncertainty. In Chapter 2, we study the inventory purchasing and allocation problem in a movie rental chain under demand uncertainty. We formulate this problem as a newsvendor-like problem with multiple rental opportunities. We...
Persistent link: https://www.econbiz.de/10009455191
We propose to use Deep Neural Networks to solve data-driven stochastic optimization problems. Given the historical data of the observed covariate, taken decision, and the realized cost in past periods, we train a neural network to predict the objective value as a function of the decision and the...
Persistent link: https://www.econbiz.de/10014030001
We consider a monopolistic firm selling two substitutable products to a stream of sequential arrivals whose purchase decisions can be influenced by earlier purchases. Before demand realizes, the firm faces a newsvendor problem for the two products with economies of scale in production for each....
Persistent link: https://www.econbiz.de/10013063513
We propose a novel dynamic car relocation policy for a car-sharing network with centralized control and uncertain, unbalanced demand. The policy is derived from a reformulation of the linear programming fluid model approximation of the dynamic problem. We project the full-dimensional fluid...
Persistent link: https://www.econbiz.de/10012504391
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Problem definition: Autonomous vehicles (AVs) are predicted to enter the consumer market in less than a decade. There is currently no consensus on whether their presence will have a positive impact on users and society. The skeptics of automation foresee increased congestion, whereas the...
Persistent link: https://www.econbiz.de/10012898099
Problem definition: The configuration of an emergency vehicle fleet (EVF) is critical to ensure that responders have the resources necessary to serve emergencies quickly and help prevent loss of life and property damage. Determining the fleet’s optimal design involves decisions regarding the...
Persistent link: https://www.econbiz.de/10014360087
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