Relative Performance Evaluation and Executive Compensation: Adding Fuel to the Fire
ABSTRACT In this experimental study, we compare the effects of a compensation scheme based on relative performance evaluation (RPE) and a compensation scheme based on absolute performance evaluation (APE) on decision‐making in a market game. To this end, we conduct an online experiment using the strategy method to obtain individual responses in a ...
Werner Bönte, Dmitrii Galkin
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Launch Uncertainty Analysis Under Barrel Erosion Using Experiments and Random Matrix Theory
ABSTRACT The effects of barrel erosion on artillery firing performance have long been a subject of concern, but its effect on launch uncertainty has yet to be investigated. This article explores the influence of barrel erosion on the interior ballistic mechanical properties and launch disturbances.
Chengyuan Guo+5 more
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Abundant Neighborhoods, Two‐Sided Markets, and Maximal Matchings
ABSTRACT I introduce a new graph‐theoretic property called abundant neighborhoods. This property is motivated by studying the thickness of economic markets. A vertex is, roughly, guaranteed to match if and only if it has an abundant neighborhood.
Muhammad Maaz
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Knowledge Gradient Procedure to Select the Best System Under Pairwise Comparisons
ABSTRACT This article considers fixed‐budget ranking and selection (R&S) problems where the performance of alternative designs can only be assessed through pairwise comparisons, a setting encountered in many applications, including player ranking in games, sports tournaments, recommender systems, image‐based search, public choice models such as voting ...
Dongyang Li+4 more
wiley +1 more source
Improved Regression Tree Models Using Generalization Error‐Based Splitting Criteria
ABSTRACT Despite the widespread application of machine learning (ML) approaches such as the regression tree (RT) in the field of data‐driven optimization, overfitting may impair the effectiveness of ML models and thus hinder the deployment of ML for decision‐making.
Ying Yang, Shuaian Wang, Gilbert Laporte
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New Policies Exploiting Randomness of Lead Times in Inventory Systems
ABSTRACT Recent research provided proof‐of‐concept that the randomness of lead times in inventory systems can be exploited to achieve large—potentially unlimited—performance improvements, compared to the case of constant lead time. Specifically, the Generalized Base Stock (GBS) policy serves as such proof‐of‐concept—it can deliver unlimited ...
Alexander L. Stolyar+2 more
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Assortment Planning in Omnichannel Retailing Under Product Returns and Showcase Capacity
ABSTRACT We investigate the assortment planning decisions of a retailer that operates an online sales channel and a brick‐and‐mortar store. We explicitly investigate the impact of product returns, which is a norm in modern retailing and a factor for lost profit.
Amin Aslani, Osman Alp
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An Implicit Enumeration Approach for Maximum Ratio Clique Relaxations
ABSTRACT This article proposes an implicit enumeration approach to solve the maximum ratio s$$ s $$‐plex and the maximum ratio s$$ s $$‐defective clique problems. The approach is inspired by the classical Bron‐Kerbosch algorithm for enumerating all maximal cliques in a graph, which is extended to enumerating structures that are hereditary on induced ...
Yehor Blokhin+4 more
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Value chain optimization in large scale gas network considering elevation and transmission direction. [PDF]
Ning X, Qiu J, Yu D.
europepmc +1 more source
Stability of Interdiction Strategies in Quickest Flow Networks
ABSTRACT Many, if not all, societies have experienced natural disasters, public protests, traffic congestion, and the smuggling of dangerous goods, among other similar events. Such decision‐making and managerial problems can be studied using a game‐theoretic approach on specific networks.
Shahram Morowati‐Shalilvand+2 more
wiley +1 more source