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We study a seller that starts with an initial inventory of goods, has a target horizon over which to sell the goods, and is subject to a set of financial <i>milestone</i> constraints on the revenues and sales that need to be achieved at different time points along the sales horizon. We characterize the...
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The fields of statistics and econometrics have developed powerful methods for testing the validity (specification) of a model based on its fit to underlying data. Unlike statisticians, managers are typically more interested in the performance of a decision rather than the statistical validity of...
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Managing shipping vessel profitability is a central problem in marine transportation. We consider two commonly used types of vessels--"liners" (ships whose routes are fixed in advance) and "trampers" (ships for which future route components are selected based on available shipping jobs)--and...
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