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We consider a class of multi-periodic non-stationary stochastic single-product inventory planning problems where two procurement modes can be used at each period: a first order with immediate delivery and a second order with a single-period delivery delay. Clearly, the slow delivery mode is less...
Persistent link: https://www.econbiz.de/10010869199
In this paper, we explain why the field of cost allocation problems with a coalition structure is a wide and promising unexplored research direction. In particular, we pose some open questions for airport games with a coalition structure.
Persistent link: https://www.econbiz.de/10011011336
Multiple-cost sharing rules often coexist in seemingly identical environments. We use shared irrigation costs as a context for examining the extent to which the structural environment explains the selection of a cost sharing rule. We find that environmental factors that?induce greater dependence...
Persistent link: https://www.econbiz.de/10005077181
The successful formation and long-term stability of a cooperative venture is often linked to the perceived fairness of the associated cost or resource allocation. In particular, the effectiveness of such collaborations can be hampered by the lack of a consensus view on what basis should be used...
Persistent link: https://www.econbiz.de/10005835826
The extended Chinese postman (CP) enterprize is induced by a connected and undirected graph G. A server is located at some fixed vertex of G, to be referred to as the post office. Each player resides in a single edge, and each edge contains at most one player. Thus, some of the edges can be...
Persistent link: https://www.econbiz.de/10005596278
Cost allocation problems within the GLPG class of games (Generalized Linear Programming Games) are considered in this paper. We assume that a group of agents participate in a common project and each agent defines his requirements for his expected benefit resulting from the project. Then, the...
Persistent link: https://www.econbiz.de/10008777172
In this paper we study cooperative cost games arising from domination problems on graphs.We introduce three games to model the cost allocation problem and we derive a necessary and su cient condition for the balancedness of all three games.Furthermore we study concavity of these games.
Persistent link: https://www.econbiz.de/10011092906
Cooperative aspects of multiple criteria decision making with respect to cost allocation in a network will be studied.The vector valued costs of a graph that connects a group of geographically scattered users to a common source have to be distributed among the users.Here a specific class of cost...
Persistent link: https://www.econbiz.de/10011090916
We investigate optimality of myopic policies using the single-unit decomposition approach in inventory management. We derive, under certain conditions, closed-form replenishment decisions, which we call a base-probability policy. That is, the order associated with a given customer is placed if...
Persistent link: https://www.econbiz.de/10005106623
The pricing problem of options with an early exercise feature, such as American options, is one of the important topics in mathematical finance. The pricing formulas for American options, however, have not been found in general and the numerical methods are required to derive the price of these...
Persistent link: https://www.econbiz.de/10005342951