7,985 research outputs found
Trimmed trees and embedded particle systems
In a supercritical branching particle system, the trimmed tree consists of
those particles which have descendants at all times. We develop this concept in
the superprocess setting. For a class of continuous superprocesses with Feller
underlying motion on compact spaces, we identify the trimmed tree, which turns
out to be a binary splitting particle system with a new underlying motion that
is a compensated h-transform of the old one. We show how trimmed trees may be
estimated from above by embedded binary branching particle systems.Comment: Published by the Institute of Mathematical Statistics
(http://www.imstat.org) in the Annals of Probability
(http://www.imstat.org/aop/) at http://dx.doi.org/10.1214/00911790400000009
Renormalization analysis of catalytic Wright-Fisher diffusions
Recently, several authors have studied maps where a function, describing the
local diffusion matrix of a diffusion process with a linear drift towards an
attraction point, is mapped into the average of that function with respect to
the unique invariant measure of the diffusion process, as a function of the
attraction point. Such mappings arise in the analysis of infinite systems of
diffusions indexed by the hierarchical group, with a linear attractive
interaction between the components. In this context, the mappings are called
renormalization transformations. We consider such maps for catalytic
Wright-Fisher diffusions. These are diffusions on the unit square where the
first component (the catalyst) performs an autonomous Wright-Fisher diffusion,
while the second component (the reactant) performs a Wright-Fisher diffusion
with a rate depending on the first component through a catalyzing function. We
determine the limit of rescaled iterates of renormalization transformations
acting on the diffusion matrices of such catalytic Wright-Fisher diffusions.Comment: 65 pages, 3 figure
The Invariant Fields of the Sylow groups of Classical Groups in the natural characteristic
Let X be any finite classical group defined over a finite field of
characteristic p>0. In this paper we determine the fields of rational
invariants for the Sylow p-subgroups of X, acting on the natural module. In
particular we prove that these fields are generated by orbit products of
variables and certain invariant polynomials which are images under Steenrod
operations, applied to the respective invariant linear forms defining X.Comment: 33 page
Applying Revenue Management to the Reverse Supply Chain
We study the disposition decision for product returns in a closed-loop supply chain. Motivated by the asset recovery process at IBM, we consider two disposition alternatives. Returns may be either refurbished for reselling or dismantled for spare parts. Reselling a refurbished unit typically yields higher unit margins. However, demand is uncertain. A common policy in many firms is to rank disposition alternatives by unit margins. We show that a revenue management approach to the disposition decision which explicitly incorporates demand uncertainty can increase profits significantly. We discuss analogies between the disposition problem and the classical airline revenue management problem. We then develop single period and multi-period stochastic optimization models for the disposition problem. Analyzing these models, we show that the optimal allocation balances expected marginal profits across the disposition alternatives. A detailed numerical study reveals that a revenue management approach to the disposition problem significantly outperforms the current practice of focusing exclusively on high-margin options, and we identify conditions under which this improvement is the highest. We also show that the value recovered from the returned products critically depends on the coordination between forward and reverse supply chain decisions.remanufacturing;revenue management;onderdelen;revenues;spare parts inventory
Revenue Management and Demand Fulfillment: Matching Applications, Models, and Software
Recent years have seen great successes of revenue management, notably in the airline, hotel, and car rental business. Currently, an increasing number of industries, including manufacturers and retailers, are exploring ways to adopt similar concepts. Software companies are taking an active role in promoting the broadening range of applications. Also technological advances, including smart shelves and radio frequency identification (RFID), are removing many of the barriers to extended revenue management. The rapid developments in Supply Chain Planning and Revenue Management software solutions, scientific models, and industry applications have created a complex picture, which appears not yet to be well understood. It is not evident which scientific models fit which industry applications and which aspects are still missing. The relation between available software solutions and applications as well as scientific models appears equally unclear. The goal of this paper is to help overcome this confusion. To this end, we structure and review three dimensions, namely applications, models, and software. Subsequently, we relate these dimensions to each other and highlight commonalities and discrepancies. This comparison also provides a basis for identifying future research needs.Manufacturing;Revenue Management;Software;Advanced Planning Systems;Demand Fulfillment
A Stochastic Dynamic Programming Approach to Revenue Management in a Make-to-Stock Production System
In this paper, we consider a make-to-stock production system with known exogenous replenishments and multiple customer classes. The objective is to maximize profit over the planning horizon by deciding whether to accept or reject a given order, in anticipation of more profitable future orders. What distinguishes this setup from classical airline revenue management problems is the explicit consideration of past and future replenishments and the integration of inventory holding and backlogging costs. If stock is on-hand, orders can be fulfilled immediately, backlogged or rejected. In shortage situations, orders can be either rejected or backlogged to be fulfilled from future arriving supply. The described decision problem occurs in many practical settings, notably in make-to-stock production systems, in which production planning is performed on a mid-term level, based on aggregated demand forecasts. In the short term, acceptance decisions about incoming orders are then made according to stock on-hand and scheduled production quantities. We model this problem as a stochastic dynamic program and characterize its optimal policy. It turns out that the optimal fulfillment policy has a relatively simple structure and is easy to implement. We evaluate this policy numerically and find that it systematically outperforms common current fulfillment policies, such as first-come-first-served and deterministic optimization.revenue management;advanced planning systems;make-to-stock production;order fulfillment
Smart Pricing: Linking Pricing Decisions with Operational Insights
The past decade has seen a virtual explosion of information about customers and their preferences. This information potentially allows companies to increase their revenues, in particular since modern technology enables price changes to be effected at minimal cost. At the same time, companies have taken major strides in understanding and managing the dynamics of the supply chain, both their internal operations and their relationships with supply chain partners. These two developments are narrowly intertwined. Pricing decisions have a direct effect on operations and visa versa. Yet, the systematic integration of operational and marketing insights is in an emerging stage, both in academia and in business practice. This article reviews a number of key linkages between pricing and operations. In particular, it highlights different drivers for dynamic pricing strategies. Through the discussion of key references and related software developments we aim to provide a snapshot into a rich and evolving field.supply chain management;inventory;capacity;dynamic pricing;operations-marketing interface
Periodic Review, Push Inventory Policies for Remanufacturing
Sustainability has become a major issue in most economies, causing many leading companies to focus on product recovery and reverse logistics. This research is focused on product recovery, and in particular on production control and inventory management in the remanufacturing context. We study a remanufacturing facility that receives a stream of returned products according to a Poisson process. Demand is uncertain and also follows a Poisson process. The decision problems for the remanufacturing facility are when to release returned products to the remanufacturing line and how many new products to manufacture. We assume that remanufactured products are as good as new. In this paper, we employ a "push" policy that combines these two decisions. It is well known that the optimal policy parameters are difficult to find analytically; therefore, we develop several heuristics based on traditional inventory models. We also investigate the performance of the system as a function of return rates, backorder costs and manufacturing and remanufacturing lead times; and we develop approximate lower and upper bounds on the optimal solution. We illustrate and explain some counter-intuitive results and we test the performance of the heuristics on a set of sample problems. We find that the average error of the heuristics is quite low.inventory;reverse logistics;remanufacturing;environment;heuristics
Quenched and Negative Hall Effect in Periodic Media: Application to Antidot Superlattices
We find the counterintuitive result that electrons move in OPPOSITE direction
to the free electron E x B - drift when subject to a two-dimensional periodic
potential. We show that this phenomenon arises from chaotic channeling
trajectories and by a subtle mechanism leads to a NEGATIVE value of the Hall
resistivity for small magnetic fields. The effect is present also in
experimentally recorded Hall curves in antidot arrays on semiconductor
heterojunctions but so far has remained unexplained.Comment: 10 pages, 4 figs on request, RevTeX3.0, Europhysics Letters, in pres
E-Fulfillment and Multi-Channel Distribution – A Review
This review addresses the specific supply chain management issues of Internet fulfillment in a multi-channel environment. It provides a systematic overview of managerial planning tasks and reviews corresponding quantitative models. In this way, we aim to enhance the understanding of multi-channel e-fulfillment and to identify gaps between relevant managerial issues and academic literature, thereby indicating directions for future research. One of the recurrent patterns in today’s e-commerce operations is the combination of ‘bricks-and-clicks’, the integration of e-fulfillment into a portfolio of multiple alternative distribution channels. From a supply chain management perspective, multi-channel distribution provides opportunities for serving different customer segments, creating synergies, and exploiting economies of scale. However, in order to successfully exploit these opportunities companies need to master novel challenges. In particular, the design of a multi-channel distribution system requires a constant trade-off between process integration and separation across multiple channels. In addition, sales and operations decisions are ever more tightly intertwined as delivery and after-sales services are becoming key components of the product offering.Distribution;E-fulfillment;Literature Review;Online Retailing
- …