Optimization is a key factor in almost all the topics of operations research / management science and economics. The road networks can be optimized within different constraints like time, distance, cost and traffic running on the roads. This study is based on optimization of real road network by...

The ability to accurately estimate the extent to which the failure of a bank disrupts the financial system is very valuable for regulators of the financial system. One important part of the financial system is the interbank payment system. This paper develops a robust measure, SinkRank, that...

Dynamic optimization problems cover a large class of problems in theoretical and applied economics. A simple iterative algorithm with fast convergence is proposed. It is demonstrated that the algorithm in a few steps produce excellent analytic (closed form) approximations including error bounds...

Combinatorial auctions are increasingly being used to allocate bundles of items among interested bidders. However, as the number of bundles increases, it takes exponentially longer to solve for the winners in the auction. In such situations, regular solvers such as IBM CPLEX or AMPL fail to...