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The PTCA procedure or angioplasty is a major strategy in the treatment of Coronary Artery Disease. In this article, we forecast the demand for PTCA procedures on a monthly basis using past data. There are a total of 80 hospitals in the country wherein PTCA procedures are currently performed. Of...
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In many industries, managers face the problem of selling a given stock of items by a deadline. We investigate the problem of dynamically pricing such inventories when demand is price sensitive and stochastic and the firm's objective is to maximize expected revenues. Examples that fit this...
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We propose and analyze a heuristic that uses region partitioning and an aggregation scheme for customer attributes (load size, time windows, etc.) to create a finite number of customer types. A math program is solved based on these aggregated customer types to generate a feasible solution to the...
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We analyze a dynamic auction, in which a seller with C units to sell faces a sequence of buyers separated into T time periods. Each group of buyers has independent, private values for a single unit. Buyers compete directly against each other within a period, as in a traditional auction, and...
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