In this study, we investigate a single-item, periodic-review inventory problem where the production capacity is limited and unmet demand is backordered. We assume that customer demand in each period is a stationary, discrete random variable. Linear holding and backorder cost are charged per unit...

We study simultaneous transportation procurement auctions from a truckload carrier’s perspective. We formulate a stochastic bid price optimization model aimed at maximizing the carrier’s expected profit. The model accounts for synergies among lanes and competing carriers’ bid patterns. We...

We provide two different neighborhood construction techniques for creating exponentially large neighborhoods that are searchable in polynomial time using dynamic programming. We illustrate both of these approaches on very large scale neighborhood search techniques for the traveling salesman...

We provide two different neighborhood construction techniques for creating exponentially large neighborhoods that are searchable in polynomial time using dynamic programming. We illustrate both of these approaches on very large scale neighborhood search techniques for the traveling salesman...

Natural and man-made disasters present an increasing challenge to the management of supply chains for businesses, governments, and humanitarian response agencies. Sharing best practices enables the continued improvement of processes that can further impact lives and livelihoods in the event of a...

In the fractional ownership model, the partial owner of an aircraft is entitled to certain flight hours per year, and the management company is responsible for all the operational considerations of the aircraft and for making an aircraft available to the owner at the requested time and place. In...