In this paper we provide sufficient conditions for the existence of pair-wise envy free and stable matchings for two-sided systems with techniques. Article Download View Pair-wise envy free and stable matchings for two-sided systems with techniques
This paper presents an annotated bibliography of greedy randomized adaptive search procedures (GRASP). The bibliography is current up to early 2004. The bibliography contains: background material; tutorials and surveys; enhancements to the basic method; hybrid methods; software; parallel GRASP; graph theory; quadratic and other assignment problems; location, layout, and cutting; covering, clustering, packing, and partitioning; … Read more
In many industrial settings, managers face the problem of establishing a pricing policy that maximizes the revenue from selling a given inventory of items by a fixed deadline, with the full inventory of items being available for sale from the beginning of the selling period. This problem arises in a variety of industries, including the … Read more
We introduce an axiomatic definition of a conditional convex risk mapping and we derive its properties. In particular, we prove a representation theorem for conditional risk mappings in terms of conditional expectations. We also develop dynamic programming relations for multistage optimization problems involving conditional risk mappings. Citation Preprint Article Download View Conditional Risk Mappings
We consider sets defined by the usual stochastic ordering relation and by the second order stochastic dominance relation. Under fairy general assumptions we prove that in the space of integrable random variables the closed convex hull of the first set is equal to the second set. Article Download View Convexification of Stochastic Ordering
A sufficient condition is provided for the existence of stable matchings for three sided systems. Article Download View Stable Matchings for Three-Sided Systems
We consider the problem of constructing a portfolio of finitely many assets whose returns are described by a discrete joint distribution. We propose a new portfolio optimization model involving stochastic dominance constraints on the portfolio return. We develop optimality and duality theory for these models. We construct equivalent optimization models with utility functions. Numerical illustration … Read more
This paper addresses the one-machine scheduling problem where the objective is to minimize a sum of costs such as earliness-tardiness costs. Since the sequencing problem is NP-hard, local search is very useful for finding good solutions. Unlike scheduling problems with regular cost functions, the scheduling (or timing) problem is not trivial when the sequence is … Read more
We consider optimization problems involving convex risk functions. By employing techniques of convex analysis and optimization theory in vector spaces of measurable functions we develop new representation theorems for risk models, and optimality and duality theory for problems involving risk functions. Citation Preprint Article Download View Optimization of Convex Risk Functions
The one-machine scheduling problem with sequence-dependent setup times and costs and earliness-tardiness penalties is addressed. This problem is NP-complete, so that local search approaches are very useful to efficiently find good feasible schedules. In this paper, we present an extension of the dynasearch neighborhood for this problem. Finding the best schedule in this neighborhood is … Read more