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Due to the preference of satiation (of the profit target) over maximization (of expected profit) in uncertain situations, the newsboy problem with the satiation objective is an important practical problem. In the multi-product setting, practically usable solution methods are available only for...
Persistent link: https://www.econbiz.de/10010729054
Meeting the prot target is often preferred over maximizing expected prot in uncertain business environments. Research into the newsboy problem with satiation objective started quite early. However, the progress has been slow, particularly in the multi-product setting. We study the general...
Persistent link: https://www.econbiz.de/10010752043
Sensitivity analysis is an integral part of inventory optimization models due to uncertainty associated with estimates of model parameters. Though the newsboy problem is one of the most researched inventory problems, very little is known about its robustness. We study sensitivity of expected...
Persistent link: https://www.econbiz.de/10010695948
Quality of decisions in inventory management problems depends on accuracy of parameter estimates used for decision making. In many situations, error in decision making is unavoidable. In such cases, understanding sensitivity of objective function to sub-optimal decisions is necessary for better...
Persistent link: https://www.econbiz.de/10010705920
Preference of satiation of a target performance over maximization of expected performance in uncertain situations is well-documented in the economics literature. However, the newsboy problem with satiation (of a prot target) objective has not received its due attention. In the multi-product...
Persistent link: https://www.econbiz.de/10010783689
Quality of decisions in inventory management models depends on the accuracy of parameter estimates used for decision making. In many situations, error in decision making is unavoidable. In such cases, sensitivity analysis is necessary for better implementation of the model. Though the newsvendor...
Persistent link: https://www.econbiz.de/10011097787
It is hypothesised that the tax revenues of a state economy would be sensitive to the macroeconomic performance of the state economy measured in terms of inflation and the growth of real income. The case of Gujarat state over the period 1980-81 to 1997 to 98 is considered for examining this...
Persistent link: https://www.econbiz.de/10008800469
This paper attempts to review applications of quadratic programming and quadratic integer programming. Major applications have been reported in the following areas: Finance, Agriculture, Economics, Production and Operations, Marketing, Public Policy, Water Resource Management and Transportation....
Persistent link: https://www.econbiz.de/10008800470
This paper considers a partial adjustment model of the export supply function in Indian economy at the aggregate level. A minimum of one month and a maximum of 12 months is considered as the plausible range of the length of lags in exports supply in India with respect to both the independent...
Persistent link: https://www.econbiz.de/10008800471
Post Graduate Research (PGR) has been an important source of generating technological breakthrough in social as well as natural sciences. The skills for solving problem of 21st century have to be created now. We have reviewed all the abstracts of PGR reported to Haryana Agricultural University...
Persistent link: https://www.econbiz.de/10008800472