The Finite Element Method is a well-studied and well-understood method of solving partial differential equations. It's applicability to financial models formulated as PDEs is demonstrated. It's advantage concerning the computation of accurate "Greeks" is delineated. This is demonstrated with...

Sales force management decisions belong to the major issues considered in marketing research. Among others, the alignment of sales territories has been one of the main field of work for years. Recent results have reported a strong impact of the alignment of sales territories on profit, and,...

Background: This publication presents a review, multiple criteria optimization models, and a practical example pertaining to the integration of automated smart locker systems, capillary distribution networks, crowdshipping, last-mile delivery and supply chain management. This publication...

In this work, we solve a real-world facility location problem by means of a mixed integer linear programming model. The problem is faced by an Italian multi-utility company operating in the sector of waste management. The company works in several Italian regions to collect and treat the urban...

This study aims to determine the distribution of electrical power by considering the addition of generating capacity and the addition of networks using ETAP applications. The simulation results show that for the first scenario the addition of generating capacity is carried out at Barru Bus...

The minimum covering location problem with distance constraints (MCLPDC) deals with locating a set of undesirable facilities on a geographical map, where there is a given minimum distance between any pair of located facilities. The objective is to minimize the total population covered by the...

This paper presents a very large scale neighborhood (VLSN) search algorithm for the capacitated facility location problem with single-source constraints. The neighborhood structures are induced by customer multi-exchanges and by facility moves. We consider both single-customer multi-exchanges,...

Public facilities are crucial to humans. However, some facilities are antagonistic to the public or environment. In many cases, these so-called obnoxious facilities had better be located far from each other and communities. Obnoxious facility location problems have been less frequently...

This paper presents the design of optimal Bonus-Malus Systems (BMS) using generalized additive models for location, scale and shape (GAMLSS), extending the work of Tzougas, Frangos and Vrontos (2014). Specifically, for the frequency component we employ a Negative Binomial Type I, a...