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IOR
2002
88views more  IOR 2002»
13 years 10 months ago
An Adaptive Bayesian Replacement Policy with Minimal Repair
In this study, an adaptive Bayesian decision model is developed to determine the optimal replacement age for the systems maintained according to a general age replacement policy. I...
Savas Dayanik, Ülkü Gürler
IOR
2010
100views more  IOR 2010»
13 years 9 months ago
Integrated Production and Outbound Distribution Scheduling: Review and Extensions
In many applications involving make-to-order or time-sensitive (e.g., perishable, seasonal) products, finished orders are often delivered to customers immediately or shortly after...
Zhi-Long Chen
IOR
2010
99views more  IOR 2010»
13 years 9 months ago
Dynamic Pricing with a Prior on Market Response
We study a problem of dynamic pricing faced by a vendor with limited inventory, uncertain about demand, aiming to maximize expected discounted revenue over an infinite time horiz...
Vivek F. Farias, Benjamin Van Roy
IOR
2010
93views more  IOR 2010»
13 years 9 months ago
Equilibrium Capacity Expansion Under Stochastic Demand Growth
In critical energy infrastructure sectors (e.g. electric power generation, natural gas transportation, oil refining capacity) maintaining certain level of excess capacity is soci...
Alfredo Garcia, Zhijiang Shen
IOR
2010
72views more  IOR 2010»
13 years 9 months ago
On the Impact of Forward Markets on Investments in Oligopolistic Markets with Reference to Electricity
There is a general agreement since Allaz-Vila’s seminal contribution that forward contracts mitigate market power on the spot market. This result is widely quoted and elaborated...
Frederic H. Murphy, Yves Smeers