Practical large-scale mathematical programming involves more than just the application of an algorithm to minimize or maximize an objective function. Before any optimizing routine can be invoked, considerable effort must be expended to formulate the underlying model and to generate the requisite...

An embedded network within a linear program is, roughly speaking, a subset of constraints that represent conservation of flow. We examine three broad classes of heuristic techniques---row-scanning deletion, column-scanning deletion, and row-scanning addition---for the extraction of large...

Purpose: The purpose of this paper is to estimate the relative efficiencies of banks of the Indian domestic banking sector by employing various models of data envelopment analysis (DEA) using the panel data of the recent decade (2008–2017). The paper provides a comparative analysis of these...

In this paper, we address the issue of capacitated revenue management (RM) in the restaurant industry. First we present an integer programming (IP) model to find the optimal table-mix for a restaurant. Then we address the acceptance–rejection issue by IP to incorporate the continuous...

With increasing liquidity of the Indian sovereign debt market since 1997, it has become possible to estimate the term structure in India. However, the market is characterised by several frictions that cause individual securities to be priced differently from the ‘average’ pricing in...

Artificial Neural Network (ANN) has been shown to be an efficient tool for non-parametric modelling of data in a variety of different contexts where the output is a non-linear function of the inputs. These include business forecasting, credit scoring, bond rating, business failure prediction,...

An airline passenger has a number of choices before he/she makes his/her travel decision. Competing airlines are also interested in the preference set of the traveller. Passenger choice modelling is an essential component of any revenue management system. In this paper, we develop a linear...