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Convergence Properties of Infinitesimal Perturbation Analysis Estimates
Heidelberger, Philip; Cao, Xi-Ren; Zazanis, Michael A.; … - In: Management Science 34 (1988) 11, pp. 1281-1302
parameter in a discrete event simulation. The IPA algorithm is based on the fact that for certain parameters and any realization … of a simulation, the change in parameter can be made small enough so that only the times of events get shifted, but their …
Persistent link: https://www.econbiz.de/10009214787
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Sensitivity Analysis from Sample Paths Using Likelihoods
Heidelberger, Philip; Towsley, Don - In: Management Science 35 (1989) 12, pp. 1475-1488
used on a sample path from a real system. The method is also applicable to simulation studies of certain real time control …
Persistent link: https://www.econbiz.de/10009191931
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The Structure of Equilibria in Market Share Attraction Models
Monahan, George E. - In: Management Science 33 (1987) 2, pp. 228-243
A market share attraction model of competitive effort allocation by two firms is formulated as a constant sum, two-person game. The dependence of optimal competitive effort allocations on factors such as gross profit margins, relative effectiveness of effort, and attraction elasticity of effort...
Persistent link: https://www.econbiz.de/10009209170
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Forest Management: A Multicommodity Flow Formulation and Sensitivity Analysis
Gautier, Antoine; Granot, Frieda - In: Management Science 41 (1995) 10, pp. 1654-1668
We formulate the Forest Management Problem as a Multicommodity Network Flow Problem with a convex cost function. We then show how to transfer the problem to an equivalent Single-Commodity Network Flow formulation in order to address several sensitivity analysis questions using results by Granot...
Persistent link: https://www.econbiz.de/10009209376
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Bounds on the Opportunity Cost of Neglecting Reoptimization in Mathematical Programming
Osman O\u{g}uz - In: Management Science 46 (2000) 7, pp. 1009-1012
Postoptimality or sensitivity analysis are well-developed subjects in almost all branches of mathematical programming. In this note, we propose a simple formula which can be used to get preliminary bounds on the value of this type of analysis for a specific class of mathematical programming...
Persistent link: https://www.econbiz.de/10009209420
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Sensitivity Analysis for Mean-Variance Portfolio Problems
Best, Michael J.; Grauer, Robert R. - In: Management Science 37 (1991) 8, pp. 980-989
This paper shows how to perform sensitivity analysis for Mean-Variance (MV) portfolio problems using a general form of parametric quadratic programming. The analysis allows an investor to examine how parametric changes in either the means or the right-hand side of the constraints affect the...
Persistent link: https://www.econbiz.de/10009214132
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Efficient Design and Sensitivity Analysis of Control Charts Using Monte Carlo Simulation
Fu, Michael C.; Hu, Jian-Qiang - In: Management Science 45 (1999) 3, pp. 395-413
schemes has necessitated the use of Monte Carlo simulation in the design process, especially in the evaluation of performance … sensitivity analysis when Monte Carlo simulation is employed. We illustrate the techniques on a general control chart that … includes the Shewhart chart and the exponentially-weighted moving average chart as special cases. Simulation examples comparing …
Persistent link: https://www.econbiz.de/10009214156
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A Procedure for Ranking Efficient Units in Data Envelopment Analysis
Andersen, Per; Petersen, Niels Christian - In: Management Science 39 (1993) 10, pp. 1261-1264
Data Envelopment Analysis (DEA) evaluates the relative efficiency of decision-making units (DMUs) but does not allow for a ranking of the efficient units themselves. A modified version of DEA based upon comparison of efficient DMUs relative to a reference technology spanned by all other units is...
Persistent link: https://www.econbiz.de/10009214335
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The Tolerance Approach to Sensitivity Analysis of Matrix Coefficients in Linear Programming
Ravi, N.; Wendell, Richard E. - In: Management Science 35 (1989) 9, pp. 1106-1119
The tolerance approach to sensitivity analysis allows for simultaneous and independent variations of the elements of a column or a row of the coefficient matrix in a standard linear programming problem. In particular, the approach yields a maximum tolerance percentage within which the elements...
Persistent link: https://www.econbiz.de/10009218246
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Note---An Early Classic Misplaced: Ford W. Harris's Economic Order Quantity Model of 1915
Erlenkotter, Donald - In: Management Science 35 (1989) 7, pp. 898-900
The familiar square-root formula for the optimal economic order quantity was derived originally by Harris in 1915 (Harris, F. W. 1915. What quantity to make at once. The Library of Factory Management, Vol. V. Operation and Costs. A. W. Shaw Company, Chicago, 47--52.). Since all citations found...
Persistent link: https://www.econbiz.de/10009218323