We introduce a class of incremental network design problems focused on investigating the optimal choice and timing of network expansions. We concentrate on an incremental network design problem with shortest paths. We investigate structural properties of optimal solutions, show that the simplest...

We develop technology to plan delivery routes for the supply of blood products to hospitals by a blood bank. The technology produces low cost, robust plans that hedge against the natural uncertainty associated with blood product usage at hospitals. The technology relies on sampling-based...

We study an incremental network design problem, where in each time period of the planning horizon an arc can be added to the network and a maximum flow problem is solved, and where the objective is to maximize the cumulative flow over the entire planning horizon. After presenting two mixed...

In single-period portfolio selection problems the expected value of both the risk measure and the portfolio return have to be estimated. Historical data realizations, used as equally probable scenarios, are frequently used to this aim. Several other parametric and non-parametric methods can be...

Markowitz formulated the portfolio optimization problem through two criteria: the expected return and the risk, as a measure of the variability of the return. The classical Markowitz model uses the variance as the risk measure and is a quadratic programming problem. Many attempts have been made...

In this paper we analyze the procurement problem of a company that needs to purchase a number of products from a set of suppliers to satisfy demand. The suppliers offer total quantity discounts and the company aims at selecting a set of suppliers so to satisfy product demand at minimum...

The Team Orienteering Problem (TOP) is a known NP-hard problem that typically arises in vehicle routing and production scheduling contexts. In this paper we introduce a new solution method to solve the TOP with hard Time Window constraints (TOPTW). We propose a Variable Neighborhood Search (VNS)...

We study a generalization of the Directed Rural Postman Problem where not all arcs requiring a service have to be visited provided that a penalty cost is paid if a service arc is not crossed. The problem, known as Directed Profitable Rural Postman Problem, looks for a tour visiting the selected...