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An Efficient Algorithm to Determine Stochastic Dominance Admissible Sets

Bawa, Vijay S.; Lindenberg, Eric B.; Rafsky, Lawrence C. - In: Management Science 25 (1979) 7, pp. 609-622

Stochastic Dominance (SD) rules are playing an increasingly prominent role in the theory of choice under uncertainty …. Its application areas include stock selection, capital budgeting, etc. The theory is important because it generates … develop an algorithm that should remedy this situation. It exploits recent theoretical results from the Stochastic Dominance …

Persistent link: https://www.econbiz.de/10009209272

A Fast Algorithm for a Class of Generalized Fractional Programs

Gugat, Martin - In: Management Science 42 (1996) 10, pp. 1493-1499

nonconvex programs of fractional type. In this paper, an algorithm for the numerical solution of these problems is introduced …

Persistent link: https://www.econbiz.de/10009214573

A Market-Based Optimization Algorithm for Distributed Systems

Guo, Zhiling; Koehler, Gary J.; Whinston, Andrew B. - In: Management Science 53 (2007) 8, pp. 1345-1358

-trading algorithm in a finite number of trades. The final market-clearing prices are discovered by this market trading and an efficient …

Persistent link: https://www.econbiz.de/10009218240

A Parametric Analysis of a Constrained Nonlinear Inventory-production Model

Gautier, Antoine; Granot, Frieda - In: Management Science 40 (1994) 11, pp. 1500-1513

We discuss in this paper some inventory-production models which can be formulated as nonlinear parametric network flow problems with one additional linear constraint. Several sensitivity analysis questions are addressed. The qualitative sensitivity results obtained provide the manager with...

Persistent link: https://www.econbiz.de/10009204287

A Min-Max-Max-Min Approach to Solving a Stochastic Programming Problem with Simple Recourse

White, D. J. - In: Management Science 38 (1992) 4, pp. 540-554

This paper studies a problem of determining the level of certain decisions, taken prior to certain events taking place, and the subsequent additional resource procurement decisions needed to implement the initial program once these events have materialised. The problem is formulated first of all...

Persistent link: https://www.econbiz.de/10009204569

Weighted Tardiness Single Machine Scheduling with Proportional Weights

Szwarc, Wlodzimierz; Liu, John J. - In: Management Science 39 (1993) 5, pp. 626-632

This paper considers Arkin and Roundy's single machine weighted tardiness scheduling model with tardiness penalties proportional to the processing times. It presents a two-stage decomposition mechanism that proves to be powerful in solving the problem completely or reducing it to a much smaller...

Persistent link: https://www.econbiz.de/10009204295

On the Efficiency-Fairness Trade-off

Bertsimas, Dimitris; Farias, Vivek F.; Trichakis, Nikolaos - In: Management Science 58 (2012) 12, pp. 2234-2250

This paper deals with a basic issue: How does one approach the problem of designing the "right" objective for a given resource allocation problem? The notion of what is right can be fairly nebulous; we consider two issues that we see as key: efficiency and fairness. We approach the problem of...

Persistent link: https://www.econbiz.de/10010990603

Imprecise Data Sets as a Source of Ambiguity: A Model and Experimental Evidence

Arad, Ayala; Gayer, Gabrielle - In: Management Science 58 (2012) 1, pp. 188-202

In many circumstances, evaluations are based on empirical data. However, some observations may be imprecise, meaning that it is not entirely clear what occurred in them. We address the question of how beliefs are formed in these situations. The individual in our model is essentially a...

Persistent link: https://www.econbiz.de/10010990623

THE POSITIVE ECONOMICS OF METHODOLOGY.

KAHN, J.A.; LANDSBURG, S.E.; STOCKMAN, A.C. - University of Rochester - Center for Economic Research … - 1989

Persistent link: https://www.econbiz.de/10005220926

Generating Ambiguity in the Laboratory

Stecher, Jack; Shields, Timothy; Dickhaut, John - In: Management Science 57 (2011) 4, pp. 705-712

This article develops a method for drawing samples from a distribution with no finite quantiles or moments. The method provides researchers with a way to give subjects the experience of ambiguity. In any experiment, learning the distribution from experience is impossible for the subjects,...

Persistent link: https://www.econbiz.de/10009214191