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Motivated by an application to school funding, we introduce the notion of a robust decomposable Markov decision process (MDP). A robust decomposable MDP model applies to situations where several MDPs, with the transition probabilities in each only known through an uncertainty set, are coupled...
Persistent link: https://www.econbiz.de/10011097709
Along with increasing the warranty period for complex systems, reducing the warranty servicing costs has become an issue of great importance to the manufacturers. One possible way to reduce the expected warranty servicing cost is by making sound decision on the product warranty and maintenance...
Persistent link: https://www.econbiz.de/10010871203
Persistent link: https://www.econbiz.de/10005287738
Traditionally, data envelopment analysis models assume total flexibility in weight selection, though this assumption can lead to several variables being ignored in determining the efficiency score. Existing methods constrain weight selection to a predefined range, thus removing possible feasible...
Persistent link: https://www.econbiz.de/10005023402
In this paper we show how a variation of Data Envelopment Analysis, the Generalized Symmetric Weight Assignment Technique, is used to assign sailors to jobs for the U.S. Navy. This method differs from others as the assignment is a multi-objective problem where the importance of each objective,...
Persistent link: https://www.econbiz.de/10010608520