PUBLIC R&D PROJECT PORTFOLIO SELECTION UNDER EXPENDITURE UNCERTAINTY AND POLICY CONSTRAINTS

We consider a project portfolio selection problem faced by research councils in project and call-based R&D grant programs. In such programs, typically, each applicant project receives a score value during specially-designed peer review processes. Each project also has a certain budget, estimated by its principle investigator. The problem is to select an optimal (maximum total … Read more

Chance-Constrained Bin Packing Problem with an Application to Operating Room Planning

We study the chance-constrained bin packing problem, with an application to hospital operating room planning. The bin packing problem allocates items of random size that follow a discrete distribution to a set of bins with limited capacity, while minimizing the total cost. The bin capacity constraints are satisfied with a given probability. We investigate a … Read more