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Persistent link: https://www.econbiz.de/10005151755
Revenue management models traditionally assume that future demand is unknown but can be described by a stochastic process or a probability distribution. Demand is, however, often difficult to characterize, especially in new or nonstationary markets. In this paper, we develop robust formulations...
Persistent link: https://www.econbiz.de/10009218737
We propose a new algorithm for solving integer programming (IP) problems that is based on ideas from algebraic geometry. The method provides a natural generalization of the Farkas lemma for IP, leads to a way of performing sensitivity analysis, offers a systematic enumeration of all feasible...
Persistent link: https://www.econbiz.de/10009204085
In this paper, we quantify the efficiency of decentralized supply chains that use price-only contracts. With a price-only contract, a buyer and a seller agree only on a constant transaction price, without specifying the amount that will be transferred. It is well known that these contracts do...
Persistent link: https://www.econbiz.de/10009204345
Persistent link: https://www.econbiz.de/10008458340