A data-driven, distribution-free, multivariate approach to the price-setting newsvendor problem

Many aspects of the classical price-setting newsvendor problem have been studied in the literature and most of the results pertain to the case where the price-demand relationship and demand distribution are explicitly provided. However, in practice, one needs to model and estimate these from historical sales data. Furthermore, many other drivers besides price must be … Read more

The One-Dimensional Dynamic Dispatch Waves Problem

We study same-day delivery (SDD) distribution systems by formulating the Dynamic Dispatch Wave Problem (DDWP), which models a depot where delivery requests arrive dynamically throughout a service day. At any dispatch epoch (wave), the information available to the decision maker is (1) a set of known, open requests which remain unfulfilled, and (2) a set … Read more

Perfect dimensional ratios and optimality of some empirical numerical standards

Experience and observations often underlie some widely used numerical characteristics. The problem is in the extent to which such characteristics are optimal. The paper presents results of theoretical analysis of the most frequently used numerical characteristics regarding the number of classes in classification systems, of the base of the number system, and of the level … Read more

A Polyhedral Study of Two-Period Relaxations for Big-Bucket Lot-Sizing Problems: Zero Setup Case

In this paper, we investigate the two-period subproblems proposed by Akartunal{\i} et al. (2014) for big-bucket lot-sizing problems, which have shown a great potential for obtaining strong bounds for these problems. In particular, we study the polyhedral structure of the mixed integer sets related to two relaxations of these subproblems for the special case of … Read more

New Semidefinite Programming Relaxations for the Linear Ordering and the Traveling Salesman Problem

In 2004 Newman suggested a semidefinite programming relaxation for the Linear Ordering Problem (LOP) that is related to the semidefinite program used in the Goemans-Williamson algorithm to approximate the Max Cut problem. Her model is based on the observation that linear orderings can be fully described by a series of cuts. Newman shows that her … Read more

A Semidefinite Opimization Approach to the Target Visitation Problem

We propose an exact algorithm for the Target Visitation Problem (TVP). The (TVP) is a composition of the Linear Ordering Problem and the Traveling Salesman Problem. It has several military and non-military applications, where two important, often competing factors are the overall distance traveled (e.g. by an unmanned aerial vehicle) and the visiting sequence of … Read more

Lower Bounding Procedures for the Single Allocation Hub Location Problem

This paper proposes a new lower bounding procedure for the Uncapacitated Single Allocation p-Hub Median Problem based on Lagrangean relaxation. For solving the resulting Lagrangean subproblem, the given problem structure is exploited: it can be decomposed into smaller subproblems that can be solved efficiently by combinatorial algorithms. Our computational experiments for some benchmark instances demonstrate … Read more

An MILP approach to Multi-location, Multi-Period Equipment Selection for Surface Mining with Case Studies

In the surface mining industry, the Equipment Selection Problem involves choosing an appropriate fleet of trucks and loaders such that the long-term mine plan can be satisfied. An important characteristic for multi-location (multi-location and multi-dumpsite) mines is that the underlying problem is a multi-commodity flow problem. The problem is therefore at least as difficult as … Read more

A Compact Linearisation of Euclidean Single Allocation Hub Location Problems

Hub location problems are strategic network planning problems. They formalise the challenge of mutually exchanging shipments between a large set of depots. The aim is to choose a set of hubs (out of a given set of possible hubs) and connect every depot to a hub so that the total transport costs for exchanging shipments … Read more

Sequential Bounding Methods for Two-Stage Stochastic Programs

CitationAlexander H. Gose Graduate Program of Operations Research, North Carolina State University, Raleigh, NC 27695, ahgose@ncsu.edu Brian T. Denton Department of Industrial and Operations Engineering, University of Michigan, Ann Arbor, MI 48109, btdenton@umich.edu October 17, 2014 (Accepted for publication to INFORMS Journal on Computing)