Annals of Operations Research

http://link.springer.com/journal/10479

List of Papers (Total 178)

Unlocking the power of big data in new product development

This study explores how big data can be used to enable customers to express unrecognised needs. By acquiring this information, managers can gain opportunities to develop customer-centred products. Big data can be defined as multimedia-rich and interactive low-cost information resulting from mass communication. It offers customers a better understanding of new products and...

Use of twitter data for waste minimisation in beef supply chain

Approximately one third of the food produced is discarded or lost, which accounts for 1.3 billion tons per annum. The waste is being generated throughout the supply chain viz. farmers, wholesalers/processors, logistics, retailers and consumers. The majority of waste occurs at the interface of retailers and consumers. Many global retailers are making efforts to extract...

Big data-driven fuzzy cognitive map for prioritising IT service procurement in the public sector

The prevalence of big data is starting to spread across the public and private sectors however, an impediment to its widespread adoption orientates around a lack of appropriate big data analytics (BDA) and resulting skills to exploit the full potential of big data availability. In this paper, we propose a novel BDA to contribute towards this void, using a fuzzy cognitive map (FCM...

Sustainable distribution system design: a two-phase DoE-guided meta-heuristic solution approach for a three-echelon bi-objective AHP-integrated location-routing model

This article introduces a sustainable integrated bi-objective location-routing model, its two-phase solution approach and an analysis procedure for the distribution side of three-echelon logistics networks. The mixed-integer programming model captures several real-world factors by introducing an additional objective function and a set of new constraints in the model that outbound...

Human actions recognition from motion capture recordings using signal resampling and pattern recognition methods

In this paper we will experimentally prove that after recalculating the motion capture (MoCap) data to position-invariant representation it can be directly used by classifier to successfully recognize various actions types. The assumption on classifier is that it is capable to deal with objects that are described by hundreds of numeric values. The second novelty of this paper is...

Multi-objective optimization of genome-scale metabolic models: the case of ethanol production

Ethanol is among the largest fermentation product used worldwide, accounting for more than \(90\%\) of all biofuel produced in the last decade. However current production methods of ethanol are unable to meet the requirements of increasing global demand, because of low yields on glucose sources. In this work, we present an in silico multi-objective optimization and analyses of...

Idiosyncratic risk and the cross-section of stock returns: the role of mean-reverting idiosyncratic volatility

A key prediction of the Capital Asset Pricing Model (CAPM) is that idiosyncratic risk is not priced by investors because in the absence of frictions it can be fully diversified away. In the presence of constraints on diversification, refinements of the CAPM conclude that the part of idiosyncratic risk that is not diversified should be priced. Recent empirical studies yielded...

Assessing efficiency profiles of UK commercial banks: a DEA analysis with regression-based feedback

Data envelopment analysis (DEA) has witnessed increasing popularity in banking studies since 1985. In this paper, we propose a new DEA-based analysis framework with a regression-based feedback mechanism, where regression analysis provides DEA with feedback that informs about the relevance of the inputs and the outputs chosen by the analyst. Unlike previous studies, the DEA models...

Modelling credit spreads with time volatility, skewness, and kurtosis

This paper seeks to identify the macroeconomic and financial factors that drive credit spreads on bond indices in the US credit market. To overcome the idiosyncratic nature of credit spread data reflected in time varying volatility, skewness and thick tails, it proposes asymmetric GARCH models with alternative probability density functions. The results show that credit spread...

Markov perfect equilibria in a dynamic decision model with quasi-hyperbolic discounting

We study a discrete-time non-stationary decision model in which the preferences of the decision maker change over time and are described by quasi-hyperbolic discounting. A time-consistent optimal solution in this model corresponds with a Markov perfect equilibrium in a stochastic game with uncountable state space played by countably many short-lived players. We show that Markov...

On the calibration of the Schwartz two-factor model to WTI crude oil options and the extended Kalman Filter

The Schwartz (J Finance 52(3):923–973, 1997) two factor model serves as a benchmark for pricing commodity contracts, futures and options. It is normally calibrated to fit the term-structure of a range of future contracts with varying maturities. In this paper, we investigate the effects on parameter estimates, if the model is fitted to prices of options, with varying maturities...

Rivalry and uncertainty in complementary investments with dynamic market sharing

We study the effects of revenue and investment cost uncertainty, as well non-preemption duopoly competition, on the timing of investments in two complementary inputs, where either spillover-knowledge is allowed or proprietary-knowledge holds. We find that the ex-ante and ex-post revenue market shares play a very important role in firms’ behavior. When competition is considered...

LP-based tractable subcones of the semidefinite plus nonnegative cone

The authors in a previous paper devised certain subcones of the semidefinite plus nonnegative cone and showed that satisfaction of the requirements for membership of those subcones can be detected by solving linear optimization problems (LPs) with O(n) variables and \(O(n^2)\) constraints. They also devised LP-based algorithms for testing copositivity using the subcones. In this...

Capacitated vehicle routing problem with pick-up and alternative delivery (CVRPPAD): model and implementation using hybrid approach

The paper presents an optimization model and its implementation using a hybrid approach for the Capacitated Vehicle Routing Problem with Pick-up and Alternative Delivery (CVRPPAD). The development of the CVRPPAD was motivated by postal items distribution issues. The model proposed combines various features of Vehicle Routing Problem variants. The novelty of this model lies in the...

Efficient solution of many instances of a simulation-based optimization problem utilizing a partition of the decision space

This paper concerns the solution of a class of mathematical optimization problems with simulation-based objective functions. The decision variables are partitioned into two groups, referred to as variables and parameters, respectively, such that the objective function value is influenced more by the variables than by the parameters. We aim to solve this optimization problem for a...

Correction to: Time symmetry of resource constrained project scheduling with general temporal constraints and take-give resources

Due to some technical issues with article HTML, Algorithm 1 appeared twice and there was no ILP formulation.

Modeling and solving staff scheduling with partial weighted maxSAT

Employee scheduling is a well known problem that appears in a wide range of different areas including health care, air lines, transportation services, and basically any organization that has to deal with workforces. In this paper we model a collection of challenging staff scheduling instances as a weighted partial Boolean maximum satisfiability (maxSAT) problem. Using our...

Corporate hedging: an answer to the “how” question

We develop a stochastic programming framework for hedging currency and interest rate risk, with market traded currency forward contracts and interest rate swaps, in an environment with uncertain cash flows. The framework captures the skewness and kurtosis in exchange rates, transaction costs, the systematic risks in interest rates, and most importantly, the term premia which...