We are interested in the concept of dynamic pricing of production capacity in a supply chain and in particular, understanding how the supply chain structure might affect the volatility of capacity prices. We find that supply chains with high capacity costs will experience high price volatility....

Es wird ein Ansatz und ein Algorithmus zur Lösung von stochastischen Stoppproblemen vorgestellt, der auf einer dualen Formulierung zum klassischen Lösungsansatz für Stoppprobleme mittels Variationsungleichungen basiert. Unter bestimmten Voraussetzungen kann man für diese duale Formulierung...

We study sequential decision making problems in cooperative systems where different agents with different information want to achieve a common objective. The sequential nature of the decision problem implies that all decisions can be arranged in a sequence such that the information available to...

A real-time method is presented to adoptively estimate three-dimensional unmodeled external torques acting on a spacecraft. This is accomplished by forcing the tracking error dynamics to follow the Lyapunov function underlying the feedback control law. For the case where the external torque is...

Structural classification and parameter estimation (SCPE) methods have been used for studying single-input single. output (SISO) parallel and feedback nonlinear system models from input-output (I-O) measurements. The uniqueness of the I-O mappings of different models and parameter uniqueness of...

This paper demonstrates the utility of systems and control theory in the analysis of economic systems. Two applications demonstrate how the analysis of simple dynamic models sheds light on important practical problems. The first problem considers the design of a retail laboratory, where the...

There is great interest in the application of technological solutions driven by a thriving CRM industry. It has been shown the more effective the implementation of SFA, the greater its impact on increased sales performance. Previous research on SFA adoption has focused on the individual as the...