We theoretically compare variances between the Infinitesimal Perturbation Analysis (IPA) estimator and the Likelihood Ratio (LR) estimator to Monte Carlo gradient for stochastic systems. The conditions proposed in [Cui et al., 2020] when the IPA estimator has a smaller variance can yield sharper...

We introduce a new algorithm, called the swapping algorithm, to approximate numerically the minimal and maximal expected inner product of two random vectors with given marginal distributions. As a direct application, the algorithm computes an approximation of the L2-Wasserstein distance between...

In this paper, the maritime industry’s commitment to green supply chain has been analyzed. The objective of this study is to show that the reuse of empty containers not only adds value to a firm, but leads to waste reduction in the supply chain. The novelties of this article include (i) empty...

In this paper, the maritime industry’s commitment to green supply chain has been analyzed. The objective of this study is to show that the reuse of empty containers not only adds value to a firm, but leads to waste reduction in the supply chain. The novelties of this article include (i) empty...