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policies on ecological and economic criteria. Optimization augmented the usefulness of the approach, suggesting that income …
Persistent link: https://www.econbiz.de/10009191393
In this article, we examine whether a better econometric specification of the sales-advertising relationship leads to significantly improved decisions. Extending the pioneering work of Nerlove and Arrow, we analyze the sensitivity of the discounted profit flow to the dynamics of advertising. On...
Persistent link: https://www.econbiz.de/10009203772
. Consequently, they often face constrained stochastic optimization problems, minimizing cost subject to service-level constraints …
Persistent link: https://www.econbiz.de/10009204081
This paper studies the assortment planning problem with multiple merchandise categories and basket shopping consumers (i.e., consumers who desire to purchase from multiple categories). We present a duopoly model in which retailers choose prices and variety level in each category and consumers...
Persistent link: https://www.econbiz.de/10009204352
An optimal design problem is considered for processor-sharing service systems, where the number of customers served simultaneously is limited to a fixed finite number (called multiplicity). The decision variable is the multiplicity and the optimal criterion is to minimize the mean number of...
Persistent link: https://www.econbiz.de/10009204536
data-mining (DM) or optimization methods, but has not combined the two approaches. By leveraging the strengths of both … approaches, the eCRM problems of customer analysis, customer interactions, and the optimization of performance metrics (such as … traditionally addressed using DM methods. There are opportunities for optimization to improve these methods, and this paper …
Persistent link: https://www.econbiz.de/10009204651
approximation theory is used to prove the convergence of this adaptive algorithm to the optimal protection levels. In a simulation …
Persistent link: https://www.econbiz.de/10009208568
Due to the complexity of optimum replacement problems over finite lime horizons various asymptotic criteria based upon fixed age replacement policies have been employed in the literature and in practice. In this paper the relationships between the optimum policies under three alternative cost...
Persistent link: https://www.econbiz.de/10009208963
We consider the problem of simultaneously allocating servers and demands in a service system with independent multiple facilities. We assume a fixed number of facilities and total servers which must service a given Poisson arrival stream. We also assume that service times are identically...
Persistent link: https://www.econbiz.de/10009209220
Concurrent design can reduce the time required to develop new products and redesign old ones. In contrast to the conventional approach, in which the product design is (nearly) completed before it is "thrown over the wall" to the process design group, concurrent design for manufacturability, as...
Persistent link: https://www.econbiz.de/10009209302