Showing 1 - 10 of 83
In most multi-item inventory systems, the ordering costs consist of a major cost and a minor cost for each item included. Applying for every individual item a cyclic inventory policy, where the cycle length is a multiple of some basic cycle time, reduces the major ordering costs. An efficient...
Persistent link: https://www.econbiz.de/10010324391
In this paper we analyse the effect of satisfying in a different way customers with an order larger than a prespecified cutoff transaction size, in a simple newsboy setting.For compound Poisson demand with discrete order sizes, we show how to determine the expected costs and the optimal cutoff...
Persistent link: https://www.econbiz.de/10010324424
In this paper we introduce several classes of generalized convexfunctions already discussed in the literature and show the relationbetween those function classes. Moreover, for some of those functionclasses a Farkas-type theorem is proved. As such this paper unifiesand extends results existing...
Persistent link: https://www.econbiz.de/10010324692
In this paper which will appear as a chapter in the Handbook ofGeneralized Convexity we discuss the basic ideas ofconvex and quasiconvex analysis in finite dimensional Euclideanspaces. To illustrate the usefulness of this branchof mathematics also applications to optimization theory...
Persistent link: https://www.econbiz.de/10010324795
In this paper we review known minimax results with applications in game theory and showthat these results are easy consequences of the first minimax result for a two person zero sumgame with finite strategy sets published by von Neumann in 1928. Among these results are thewell known minimax...
Persistent link: https://www.econbiz.de/10010324852
In this paper the well-known minimax theorems of Wald, Ville and Von Neumann are generalized under weaker topological conditions on the payoff function f and/or extended to the larger set of the Borel probability measures instead of the set of mixed strategies.
Persistent link: https://www.econbiz.de/10010325066
In this paper the well-known minimax theorems of Wald, Ville and Von Neumann are generalized under weaker topological conditions on the payoff function f and/or extended to the larger set of the Borel probability measures instead of the set of mixed strategies.
Persistent link: https://www.econbiz.de/10011256240
In this note we review some known minimax theorems with applications in game theory and show that these results form an equivalent chain which includes the strong separation result in finite dimensional spaces between two disjoint closed convex sets of which one is compact. By simplifying the...
Persistent link: https://www.econbiz.de/10005288407
In this paper we discuss the level set method of Joó and how to use it to give an elementary proof of the well-known Sion’s minimax result. Although this proof technique is initiated by Joó and based on the inter-section of upper level sets and a clever use of the topological notion...
Persistent link: https://www.econbiz.de/10005288509
In this paper we introduce robust versions of the classical static and dynamic single leg seat allocation models as analyzed by Wollmer, and Lautenbacher and Stidham, respectively. These robust models take into account the inaccurate estimates of the underlying probability distributions. As...
Persistent link: https://www.econbiz.de/10005288598