In a recent paper [Bowman, V. J., C. S. Colantoni. 1973. Majority rule under transitivity constraints. Management Sci. 19 (9, May) 1029-1041.] Bowman and Colantoni have described an optimization model which they relate to problems of majority voting in the theory of social choice. Their...

The paper presents a new approach to solving a class of combinatorial economic allocation problems. One member of this class is known as the quadratic assignment problem. Besides presenting an algorithm to solve this problem, we will discuss in general terms the techniques for treating...

This paper considers a class of algorithms for solving quadratic programming problems. An attempt is made to rank the various procedures. Computational results are given and a discussion of the results is presented.

This paper explores rational decision making for investment in the stock market. The first part is concerned with problems of a methodological nature, mainly dealing with the relationship between normative models and operations research. The major part explores a particular model and the various...

Distributed processing has been motivated by many objectives. Among these are a desire to share resources, reduce communications costs (as compared to a centralized processing scheme), increase performance and decrease response time by partitioning tasks and achieve higher system availability...

Consumers' average value for information goods, websites, weather forecasts, music, and news declines with the number consumed. This paper provides simple guidelines to optimal bundling marketing strategies in this case. If consumers' values do not decrease too quickly, we show that bundling is...

This paper is based on the notion of discriminatory power of a pattern classifier acting over a feature space. Discriminant functions are normally used to trace out regions of the feature space corresponding to specific pattern classes. Indeterminate cases occur whenever a pattern lies on a...

This paper considers the possibility of solving certain large scale linear programs using iterative procedures. The class of problems is characterized and a solution procedure developed. The advantages and computational efficiencies are noted in comparison to the product form Revised Simplex...

The management of coordination gaps is critical to the effective functioning of a customer support team. To address the managerial challenge of designing Information Technology (IT) to facilitate coordination in customer support teams, this paper develops a framework describing the drivers of...

In this note we investigate extremal optimization over Leontief substitution systems. Such problems arise naturally in discounted Markov decision problems and in problems involving the control of economic systems. We develop both bounds on the objective value of a Leontief substitution system...