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Optimization models are increasingly being used for planning natural resources operations. However, the inherent uncertainty present in natural resources makes it difficult to directly apply their results. In particular, production scheduling for sawmills presents several challenges since the...
Persistent link: https://www.econbiz.de/10010753140
Good demand estimates are the key to effective pricing decision-making. However, they are subject to a high degree of uncertainty due to various factors that are unpredictable or difficult to model, thus making pricing decisions risky. This research provides a simple proposal for a robust...
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We study urban traffic equilibrium involving three classes of agents: car users, bus users or passengers and bus operators. A partially unregulated transit system is assumed, where bus fares are exogenously determined by municipal or transportation authorities, but bus operators are allowed to...
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This article presents a practical tool for optimally scheduling wine grape harvesting operations taking into account both operational costs and grape quality. We solve a mixed-integer linear programming model to support harvest scheduling, labor allocation, and routing decisions. A quality loss...
Persistent link: https://www.econbiz.de/10005414250
Optimization models are increasingly being used in agricultural planning. However, the inherent uncertainties present in agriculture make it difficult. In recent years, robust optimization has emerged as a methodology that allows dealing with uncertainty in optimization models, even when...
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