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IOR
2010
72views more  IOR 2010»
13 years 8 months ago
Inventory Control with Generalized Expediting
We consider a single-item, periodic review inventory control problem where discrete stochastic demand must be satisfied. When shortages occur, the unmet demand must be filled by...
Eric Logan Huggins, Tava Lennon Olsen
IOR
2010
99views more  IOR 2010»
13 years 8 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
112views more  IOR 2010»
13 years 8 months ago
New Policies for the Stochastic Inventory Control Problem with Two Supply Sources
We study an inventory system under periodic review in the presence of two suppliers (or delivery modes). The emergency supplier has a shorter lead-time than the regular supplier, ...
Anshul Sheopuri, Ganesh Janakiraman, Sridhar Sesha...
IOR
2010
90views more  IOR 2010»
13 years 8 months ago
No-Holdback Allocation Rules for Continuous-Time Assemble-to-Order Systems
This paper analyzes a class of common-component allocation rules, termed no-holdback (NHB) rules, in continuous-review assemble-to-order (ATO) systems. We assume that component in...
Yingdong Lu, Jing-Sheng Song, Yao Zhao
IOR
2010
71views more  IOR 2010»
13 years 7 months ago
Stochastic Root Finding and Efficient Estimation of Convex Risk Measures
Reliable risk measurement is a key problem for financial institutions and regulatory authorities. The current industry standard Value-at-Risk has several deficiencies. Improved ri...
Jörn Dunkel, Stefan Weber