In the United States, patients with end-stage liver disease must join a waiting list to be eligible for cadaveric liver transplantation. However, the details of the composition of this waiting list are only partially available to the patients. Patients currently have the prerogative to reject...

In the United States, patients with end-stage liver disease must join a waiting list to be eligible for cadaveric liver transplantation. However, the details of the composition of this waiting list are only partially available to the patients. Patients currently have the prerogative to reject...

Many dynamic decision problems involving uncertainty can be appropriately modeled as multi-stage stochastic programs. However, most practical instances are so large and/or complex that it is impossible to solve them on a single computer, especially due to memory limitations. Extending the work...

Strong relaxations are critical for solving deterministic mixed-integer programs. As solving stochastic mixed-integer programs (SMIPs) is even harder, it is likely that strong relaxations will also prove essential for SMIPs. We consider general two-stage SMIPs with recourse, where integer...

In the United States, end-stage liver disease patients join a waiting list and then make accept/reject decisions for transplantation as deceased-donor organs are offered to them over time. These decisions are largely influenced by the patient’s prospect for future offers, which can be...

We consider the partitioning of care types into wings from the perspective of a hospital administrator, who wishes to optimize the use of a fixed number of beds that provide services for heterogeneous care types. Patients of each care type request admission to the hospital stochastically, and if...

This study employs an alternative stochastic model which offers important advantages over those proposed by Cohen and Pekelman, and Biddle and Martin. Rather than optimizing with respect to a single order-up-to level determined at the start of each year, the model permits a second order at...

Few firms take full advantage of the significant tax-cutting opportunities in inventory management. When inventory costs are changing, choosing the appropriate accounting method for inventories can dramatically reduce taxes. Additional savings can be obtained by tailoring inventory ordering...

It has been observed that firms alter year-end inventory policies in response to accounting tax incentives. This study proposes a stochastic ordering policy model which quantifies these effects. An innovative feature is its use of two decision variables: an initial order-up-to-level at the...