Search results for "Management Science"
showing 10 items of 1017 documents
A decomposition approach for multidimensional knapsacks with family-split penalties
2022
The optimization of Multidimensional Knapsacks with Family-Split Penalties has been introduced in the literature as a variant of the more classical Multidimensional Knapsack and Multi-Knapsack problems. This problem deals with a set of items partitioned in families, and when a single item is picked to maximize the utility, then all items in its family must be picked. Items from the same family can be assigned to different knapsacks, and in this situation split penalties are paid. This problem arises in real applications in various fields. This paper proposes a new exact and fast algorithm based on a specific Combinatorial Benders Cuts scheme. An extensive experimental campaign computational…
“To Own, or not to Own?” A multilevel analysis of intellectual property right policies' on academic entrepreneurship
2017
The political environment around universities has led them to create an infrastructure to manage academic inventions. While some consider that the advantages of a university entrepreneurial structure outweigh any potential negative effects, others question their detrimental effect on academic scientists’ entrepreneurial behavior. However, this debate remains unresolved as none of these two views have been fully empirically supported. Using multilevel models for a population of 2230 professors in 27 universities in Canada (82 individuals per unit on average), we test the effect of three features of institutional intellectual property right policy characteristics, namely, property rights (own…
Scatter search for an uncapacitated p-hub median problem
2015
Scatter search is a population-based method that has been shown to yield high-quality outcomes for combinatorial optimization problems. It uses strategies for combining solution vectors that have proved effective in a variety of problem settings. In this paper, we present a scatter search implementation for an NP -hard variant of the classic p-hub median problem. Specifically, we tackle the uncapacitated r-allocation p-hub median problem, which consists of minimizing the cost of transporting the traffics between nodes of a network through special facilities that act as transshipment points. This problem has a significant number of applications in practice, such as the design of transportati…
A hybrid evolution strategy for the open vehicle routing problem
2010
This paper presents a hybrid evolution strategy (ES) for solving the open vehicle routing problem (OVRP), which is a well-known combinatorial optimization problem that addresses the service of a set of customers using a homogeneous fleet of non-depot returning capacitated vehicles. The objective is to minimize the fleet size and the distance traveled. The proposed solution method manipulates a population of @m individuals using a (@m+@l)-ES; at each generation, a new intermediate population of @l offspring is produced via mutation, using arcs extracted from parent individuals. The selection and combination of arcs is dictated by a vector of strategy parameters. A multi-parent recombination …
A Population-Based Approach to the Resource-Constrained Project Scheduling Problem
2004
We present a population-based approach to the RCPSP. The procedure has two phases. The first phase handles the initial construction of a population of schedules and these are then evolved until high quality solutions are obtained. The evolution of the population is driven by the alternative application of an efficient improving procedure for locally improving the use of resources, and a mechanism for combining schedules that blends scatter search and path relinking characteristics. The objective of the second phase is to explore in depth those vicinities near the high quality schedules. Computational experiments on the standard j120 set, generated using ProGen, show that our algorithm produ…
Food Security Is None Of Your Business? Food Supply Chain Management In Support Of A Sustainable Food System
2017
Food security is the principal outcome of any given food system and it can be defined in terms of a sustainable food system where the core goal is to feed everyone sustainably, equitably and healthily. A sustainable food system addresses needs for availability, affordability and accessibility, is diverse, ecologically-sound and resilient, and builds the capabilities and skills necessary for future generations. This paper identifies the essential elements of food supply chain management in support of a sustainable food system, which ultimately enhances food security. The existing food supply chain and food system literature is synthesized in order to study the correspondence between public i…
Which firms benefit from investments in green energy technologies? : The effect of energy costs
2019
Abstract Firms will invest in green energy technologies only if these investments have an economic pay-off. Based on unique firm-level data from Austria, Germany, and Switzerland, we find that the marginal effect of investments in green energy technologies on productivity is positive only for the 19% of firms with the highest energy costs. These results have major implications for companies and policy makers regarding the design of green energy policies and incentives.
Memory‐type control charts for censored reliability data
2023
Control charts are commonly used to monitor a process to detect undesirable changes. The main goal of this work is to propose exponentially weighted moving average (EWMA) and cumulative sum (CUSUM) control charts to track a process by utilizing type-I censored generalized exponential (GE) distributed data. In particular, the censored data are replaced with the conditional expected value (CEV). A comparison between CUSUM and CUSUM ignoring unobserved covariates (CUSUM-IUC) charts is also a part of this study. The GE distribution is considered due to its application in reliability analysis. The performance of the charts is evaluated by using the average run length along with the standard devi…
www.Personal_Asset_Allocation.
2004
Today consumers demand delivery of financial services anytime and anywhere, and their needs and desires are evolving rapidly. The World Wide Web provides a rich channel for distributing customized services to a range of clients. An Internet-based system developed by Prometeia S.r.l. for Italian banks—both traditional and e-banks—supports consumers and financial advisors in planning personal finances. The system provides advice on allocating personal assets to fund consumers' needs, such as paying for a house, children's education, retirement, or other projects. State-of-the-art models of financial engineering—based on scenario optimization—develop plans that are consistent with clients' go…
A non-cooperative approach to the folk rule in minimum cost spanning tree problems
2023
This paper deals with the problem of finding a way to distribute the cost of a minimum cost spanning tree problem between the players. A rule that assigns a payoff to each player provides this distribution. An optimistic point of view is considered to devise a cooperative game. Following this optimistic approach, a sequential game provides this construction to define the action sets of the players. The main result states the existence of a unique cost allocation in subgame perfect equilibria. This cost allocation matches the one suggested by the folk rule. The authors thank the support of the Spanish Ministry of Science, Innovation and Universities, the Spanish Ministry of Economy and Compe…