In this research, we study an optimal overhaul-replacement policy of a multi-degraded repairable system sold with a free replacement warranty. In the proposed replacement policy, a maintenance action and failure are dependent on a system degradation level and the system age, and hence the...

As the energy market has grown in importance in recent decades, researchers have paid increasing attention to swing option contracts. Early studies evaluated the swing contract as if it were a financial derivative contract, by ignoring its storage constraints. Aided by recent advances in...

Facing an hypothetical, but increasingly, case of default risk on a mortgage or a fall in interest rates, an important issue raised by the borrower is the possibility of minimizing that risk by selecting the best refinancing option. In this paper, a mortgage refinancing model is presented,...

The paper investigates the static dial-a-ride problem with ride and waiting time minimization. This is a new problem setting of significant practical relevance because several ride-sharing providers launched in recent years in large European cities. In contrast to the standard dial-a-ride...

This paper develops new solution procedures for the order picker routing problem in U-shaped order picking zones with a movable depot, which has so far only been solved using simple heuristics. The paper presents the first exact solution approach, based on combinatorial Benders decomposition, as...

The robust minimum cost flow problem under consistent flow constraints (RobMCF≡\documentclass[12pt]{minimal} \usepackage{amsmath} \usepackage{wasysym} \usepackage{amsfonts} \usepackage{amssymb} \usepackage{amsbsy} \usepackage{mathrsfs} \usepackage{upgreek} \setlength{\oddsidemargin}{-69pt}...

This article investigates a network interdiction problem on a tree network: given a subset of nodes chosen as facilities, an interdictor may dissect the network by removing a size-constrained set of edges, striving to worsen the established facilities best possible. Here, we consider a...

We consider a natural generalization of classical scheduling problems to a setting in which using a time unit for processing a job causes some time-dependent cost, the time-of-use tariff, which must be paid in addition to the standard scheduling cost. We focus on preemptive single-machine...

The intensive care unit (ICU) is one of the most crucial and expensive resources in a health care system. While high fixed costs usually lead to tight capacities, shortages have severe consequences. Thus, various challenging issues exist: When should an ICU admit or reject arriving patients in...