Yilin Xue

Target-Oriented Regret Minimization for Satisficing Monopolists

  • Napat Rujeerapaiboon
  • Yize Wei
  • Yilin Xue
    • Categories Applications - OR and Management Sciences, Finance and Economics, Robust Optimization Tags , , , ,

    We study a robust monopoly pricing problem where a seller aspires to sell an item to a buyer. We assume that the seller, unaware of the buyer’s willingness to pay, ambitiously optimizes over a space of all individual rational and incentive compatible mechanisms with a regret-type objective criterion. Using robust optimization, Kocyigit et al. (2021) … Read more

    Distributionally Robust Inventory Management with Advance Purchase Contracts

  • Yilin Xue
  • Yongzhen Li
  • Napat Rujeerapaiboon
    • Categories Linear, Cone and Semidefinite Programming, Robust Optimization, Supply Chain Management Tags , ,

    We propose a distributionally robust inventory model for finding an optimal ordering policy that attains the minimum worst-case expected total cost. In a classical stochastic setting, this problem is typically addressed by dynamic programming and is solved by the famous base-stock policy. This approach however crucially relies on two controversial assumptions: the demands are serially … Read more