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In systems which serve many users there is a need to respect some fairness rules while looking for the overall efficiency. This applies among others to network design where a central issue is how to allocate bandwidth to flows efficiently and fairly. The so-called max-min fairness is widely used...
Persistent link: https://www.econbiz.de/10005358439
To minimize procurement expenditures both purchasing and transportation costs need to be considered. We study a procurement setting in which a company needs to purchase a number of products from a set of suppliers to satisfy customer demand. The suppliers offer total quantity discounts and...
Persistent link: https://www.econbiz.de/10010573965