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Envelopment Analysis (DEA). Initially, several heuristics--which can be thought of as assembly line balancing strategies … outputs for DEA. The analysis shows that DEA is effective in suggesting which line balancing heuristics are most promising …
Persistent link: https://www.econbiz.de/10011154932
Recent health policy reforms try to increase consumer choice. We use a laboratory experiment to analyze consumers’ tastes in typical contract attributes of health insurances and to investigate their relationship with individual risk preferences. First, subjects make consecutive insurance...
Persistent link: https://www.econbiz.de/10011186378
These are the notes from the first half of a course in behavioral economics offered in Uruguay in November 2014. This part of the course, entirely verbal, was aimed at outlining the essentials of behavioral economics. The principal assignments were from the second edition of Edward...
Persistent link: https://www.econbiz.de/10011188454
considers six heuristics and their combination through an evolutionary hyper-heuristic framework. A wide set of problem … heuristics and hyper-heuristics is then super-imposed into these maps to visually reveal relationships between problem features … studied heuristics and hyper-heuristics. The PCA maps give a valuable indication of the combination of features characterizing …
Persistent link: https://www.econbiz.de/10011043334
with and without fleet size costs, to observe the impact of these costs on the solutions that are obtained. The heuristics … model is based on constructive heuristics with two Variable Neighborhood Descent (VND) search types: a local intra … good quality solutions suggests the use of the proposed heuristics on problems with realistic dimensions where the MIP …
Persistent link: https://www.econbiz.de/10011043361
conjunctive use of three rules for solution generation. Additionally, we propose six heuristics. Two of these are single …-stepSilver–Meal and EOQ heuristics for the classical lot-sizing problem. The third is a variant of the Wagner–Whitin algorithm. The … remaining three heuristics are two-step hybrids that improve on the initial solutions of the first three by exploiting the …
Persistent link: https://www.econbiz.de/10011043374
plan structures, we develop nine rule-based forward solution heuristics. Proposed heuristics are modified counterparts of … the heuristics developed previously for the classical dynamic lot sizing problem. In a numerical study, we investigate the … performance of the proposed heuristics and identify operating environment characteristics where each particular heuristic is the …
Persistent link: https://www.econbiz.de/10011043390
This paper evaluates numerous diversification strategies as a possible remedy against widespread costly investment mistakes of individual investors. Our results reveal that a very broad range of simple heuristic allocation schemes offers similar diversification gains as well-established or...
Persistent link: https://www.econbiz.de/10011047537
heuristics and increased decision-making randomness among our oldest subjects. However, we find that increasing the number of … options in a decision problem increases the number of heuristics brought to the task. This challenges the choice overload view …
Persistent link: https://www.econbiz.de/10011048188
Firms often lack knowledge of the nature of the uncertainty they or their opponents face and use heuristics or … profits are greater when all firms use heuristics than when all firms use the full information. Our results provide insight …
Persistent link: https://www.econbiz.de/10011048189