We consider a continuous time dynamic pricing problem for selling a given number of items over a finite or infinite time horizon. The demand is price sensitive and follows a non-homogeneous Poisson process. We formulate this problem as to maximize the expected discounted revenue and obtain the...

We present a new method called UTAGMS–INT for ranking a finite set of alternatives evaluated on multiple criteria. It belongs to the family of Robust Ordinal Regression (ROR) methods which build a set of preference models compatible with preference information elicited by the Decision Maker...

A new methodology of making a decision on an optimal investment in several projects is proposed. The methodology is based on experts’ evaluations and consists of three stages. In the first stage, Kaufmann’s expertons method is used to reduce a possibly large number of applicants for credit....

In this paper, we consider a mean–variance optimization problem for Markov decision processes (MDPs) over the set of (deterministic stationary) policies. Different from the usual formulation in MDPs, we aim to obtain the mean–variance optimal policy that minimizes the variance over a set of...

In this paper, we suggest four types of improvements for making inefficient DMUs efficient in the CCR model with the minimal change of input and output values. Moreover, we propose an algorithm for calculating such improvements by applying quadratic programming techniques. Furthermore, since all...

A belief rule-based (BRB) system is a generic nonlinear modelling and inference scheme. It is based on the concept of belief structures and evidential reasoning (ER), and has been shown to be capable of capturing complicated nonlinear causal relationships between antecedent attributes and...

This contribution compares existing and newly developed techniques for geometrically representing mean–variance–skewness portfolio frontiers based on the rather widely adapted methodology of polynomial goal programming (PGP) on the one hand and the more recent approach based on the shortage...