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  • Articles  (18)
  • scheduling  (9)
  • risk  (5)
  • Approximation  (4)
  • 1985-1989  (18)
  • 1970-1974
  • 1950-1954
  • 1945-1949
  • Economics  (18)
  • Sociology  (3)
  • 1
    Electronic Resource
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    Springer
    Journal of risk and uncertainty 2 (1989), S. 5-35 
    ISSN: 1573-0476
    Keywords: Ambiguity ; expected utility ; insurance ; risk ; subjective probability
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract In a series of experiments, economically sophisticated subjects, including professional actuaries, priced insurance both as consumers and as firms under conditions of ambiguity. Findings support implications of the Einhorn-Hogarth ambiguity model: (1) For low probability-of-loss events, prices of both consumers and firms indicated aversion to ambiguity; (2) As probabilities of losses increased, aversion to ambiguity decreased, with consumers exhibiting ambiguity preference for high probability-of-loss events; and (3) Firms showed greater aversion to ambiguity than consumers. The results are shown to be incompatible with traditional economic analysis of insurance markets and are discussed with respect to the effects of ambiguity on the supply and demand for insurance.
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  • 2
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    Journal of risk and uncertainty 2 (1989), S. 235-263 
    ISSN: 1573-0476
    Keywords: risk ; expected utility ; irrationality ; prospect theory
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract This article develops a variant of the expected utility model termed prospective reference theory. Although the standard model occurs as a limiting case, the general approach is that individuals treat stated experimental probabilities as imperfect information. This model is applied to a wide variety of aberrant phenomena, including the Allais paradox, the overweighting of low-probability events, the existence of premiums for certain elimination of risks, and the representativeness heuristic. The prospective reference theory model predicts most of the observed behavioral patterns rather than being potentially reconcilable with such phenomena.
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  • 3
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    Theory and decision 27 (1989), S. 93-106 
    ISSN: 1573-7187
    Keywords: cognition ; decision ; graphs ; artificial intelligence ; risk ; uncertainty ; expert systems ; expected utility
    Source: Springer Online Journal Archives 1860-2000
    Topics: Sociology , Economics
    Notes: Abstract In the first part, we try to give a representation of the process by which man endeavours to grasp uncertainty. We propose a backward exploration which we will modelize through an influence diagram and then we can draw a few conclusions from that representation for the axiomatics of Decision. In the second part, we deal with the processing of the information formatted in such a way, regarding both its temporal complexity and its elective complexity. The first part as the second one dealing with representation and the consequences for information processing of uncertainty cognition lead to a severe criticism of the expected utility hypothesis. To conclude, we suggest a few remarks on expert systems of decision aid under uncertainty.
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  • 4
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    Theory and decision 26 (1989), S. 263-293 
    ISSN: 1573-7187
    Keywords: utility ; risk ; value ; game theory ; consequences ; Bayesian
    Source: Springer Online Journal Archives 1860-2000
    Topics: Sociology , Economics
    Notes: Abstract In this paper, a problem for utility theory - that it would have an agent who was compelled to play “Russian Roulette’ with one revolver or another, to pay as much to have a six-shooter with four bullets relieved of one bullet before playing with it, as he would be willing to pay to have a six-shooter with two bullets emptied - is reviewed. A less demanding Bayesian theory is described, that would have an agent maximize expected values of possible total consequence of his actions. And utility theory is located within that theory as valid for agents who satisfy certain formal conditions, that is, for agents who are, in terms of that more general theory, indifferent to certain dimensions of ‘risk’. Raiffa- and Savage-style arguments for its more general validity are then resisted. Addenda are concerned with implications for game theory, and relations between ‘utilities’ and ‘values’.
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  • 5
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    Mathematical methods of operations research 33 (1989), S. 21-37 
    ISSN: 1432-5217
    Keywords: Network Flows ; Parametric Optimization ; Approximation
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Description / Table of Contents: Zusammenfassung Wir betrachten maximale Flußprobleme, in denen die Kapazitäten lineare Funktionen eines Parameterst ∈ [0,T] sind. Da dieses Problem ein Spezialfall eines parametrischen linearen Programms ist, kann man den klassischen horizontalen Ansatz anwenden, mit dem optimale Lösungen sukzessive auf Teilintervallen von [0,T] bestimmt werden. Wir stellen einen alternativen Algorithmus vor, der in jeder Iteration die optimale Lösung für allet ∈ [0,T] approximiert. Dieser vertikalen Ansatz ist eine Art Markierungsalgorithmus, wobei die Flußvariablen stückweise lineare Funktionen sind. Flußvergrößerungen werden aufbedingten flußvergrößernden Wegen durchgeführt, die mittels modifizierter kürzester Wege Algorithmen gefunden werden können. Der vertikale Algorithmus kann sowohl zur Berechnung des optimalen parametrischen Flusses als auch zur Berechnung einer guten Approximation für allet benutzt werden, falls sich herausstellt, daß die Berechnung der optimalen Lösung zu zeitaufwendig ist.
    Notes: Abstract We consider the problem of finding maximal flows with respect to capacities which are linear functions of a parametert ∈ [0,T]. Since this problem is a special case of a parametric linear program the classichorizontal approach can be applied in which optimal solutions are computed for successive subintervals of [0,T]. We discuss an alternative algorithm which approximates in each iteration the optimal solution for allt ∈ [0,T]. Thisvertical algorithm is a labeling type algorithm where the flow variables are piecewise linear functions. Flow augmentations are done alongconditional flow augmenting paths which can be found by modified path algorithms. The vertical algorithm can be used to solve the parametric flow problem optimally as well as to compute a good approximation for allt if the computation of the optimal solution turns out to be too time consuming.
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  • 6
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    Mathematical methods of operations research 33 (1989), S. 109-129 
    ISSN: 1432-5217
    Keywords: Loss Systems ; Output Processes ; Simulation ; Approximation
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Description / Table of Contents: Zusammenfassung Für das BedienungsmodellG/G/1 ohne Warteraum wird eine Approximation des Abgangsprozesses im stationären Zustand angegeben, wobei allgemein verteilte Zwischenankunfts- und Bedienungszeiten angenommen sind. Ferner werden für den Fall, daß mehrere solche Bediener in Reihen geschaltet sind, approximative Resultate angegeben und mit Simulationen überprüft.
    Notes: Abstract The departure process from aG/G/1 loss system with generally distributed interarrival time, generally distributed service time, a single server, and no waiting room is approximated in steady state. Furthermore, the tandem behavior of the system is approximated, approximation results are provided, and are compared against those from a simulation study.
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  • 7
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    Mathematical methods of operations research 33 (1989), S. 297-313 
    ISSN: 1432-5217
    Keywords: scheduling ; production ; resource constraints ; flexible manufacturing systems
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Description / Table of Contents: Abstract Some variations are presented for the preemptive scheduling problem on unrelated processors, one shows how nonrenewable resources with a time-varying supply may be taken into account in an extension of the two-phase method; phase 1 consists in solving an LP problem and phase 2 is the construction of the schedule; such a construction reduces to the determination of integral vectors in polyhedra defined by totally unimodular matrices. In special cases, this is simply a compatible flow problem.
    Notes: Zusammenfassung Es werden Variationen für Reihenfolgeprobleme mit Unterbrechungen betrachtet bei denen die Aufgaben mit unterschiedlicher Bearbeitungszeit auf den einzelnen Maschinen gelöst werden können. Insbesondere wird ein Problem mit nichterneuerbaren Resourcen und zeitabhängigen Nachfragen behandelt und es wird gezeigt, daß dieses Problem durch eine Erweiterung der 2-Phasenmethode gelöst werden kann. In Phase 1 wird ein LP gelöst, während in Phase 2 ein zugehöriger Schedule konstruiert wird. Diese Konstruktion erfolgt durch die Bestimmung ganzzahliger Vektoren, die Ecken eines Polyeders entsprechen, der durch eine vollständig unimodulare Matrix definiert wird. In Spezialfällen reduziert sich dies auf Flußprobleme.
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  • 8
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    Annals of operations research 15 (1988), S. 337-352 
    ISSN: 1572-9338
    Keywords: Flexible systems ; machining ; assembly ; scheduling ; algorithms
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Notes: Abstract Most scheduling papers consider flexible machining and assembly systems as being independent. In this paper, a heuristic two-level scheduling algorithm for a system consisting of a machining and an assembly subsystem is developed. It is shown that the upper level problem is equivalent to the two machine flow shop problem. The algorithm at the lower level schedules jobs according to the established product and part priorities. Related issues, such as batching, due dates, process planning and alternative routes, are discussed. The algorithm and associated concepts are illustrated on a number of numerical examples.
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  • 9
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    Annals of operations research 16 (1988), S. 327-332 
    ISSN: 1572-9338
    Keywords: Monte Carlo technique ; cooling strategies ; scheduling
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Notes: Abstract Simulated annealing (statistical cooling) is applied to bin packing problems. Different cooling strategies are compared empirically and for a particular 100 item problem a solution is given which is most likely the best known so far.
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  • 10
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    Annals of operations research 14 (1988), S. 245-289 
    ISSN: 1572-9338
    Keywords: 90C27 ; 68Q15 ; 68Q25 ; 68Rxx ; Parallel computer ; computational complexity ; polylog parallel algorithm ; P-completeness ; sorting ; shortest paths ; minimum spanning tree ; matching ; maximum flow ; linear programming ; knapsack ; scheduling ; traveling salesman ; dynamic programming ; branch and bound
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Notes: Abstract This is a review of the literature on parallel computers and algorithms that is relevant for combinatorial optimization. We start by describing theoretical as well as realistic machine models for parallel computations. Next, we deal with the complexity theory for parallel computations and illustrate the resulting concepts by presenting a number of polylog parallel algorithms andP-completeness results. Finally, we discuss the use of parallelism in enumerative methods.
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  • 11
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    Annals of operations research 12 (1988), S. 85-108 
    ISSN: 1572-9338
    Keywords: Artificial intelligence ; knowledge-based systems ; opportunistic search ; scheduling ; planning
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Notes: Abstract In a search for more efficient yet effective ways of solving combinatorially complex problems such as jobshop scheduling, we move towards opportunistic approaches that attempt to exploit the structure of a given problem. Rather than adhere to a single problem-solving plan, such approaches are characterized by almost continual surveillance of the current problem-solving state to possibly modify plans so that activity is consistently directed toward those actions that currently seem most promising. Opportunistic behavior may occur in problem decomposition down to selective application of scheduling heuristics. We developed and performed limited testing of a scheduling system, called OPIS 0, that exhibits such behavior to some extent. The results are encouraging when compared to ISIS and a dispatching system. It is believed that such opportunistic views of scheduling would lead to systems that allow more flexibility in terms of designing scheduling procedures and supporting the scheduling function.
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  • 12
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    Theory and decision 24 (1988), S. 169-200 
    ISSN: 1573-7187
    Keywords: decision theory ; risk ; expected utility ; security level ; risk aversion
    Source: Springer Online Journal Archives 1860-2000
    Topics: Sociology , Economics
    Notes: Abstract The particular attention paid by decision makers to the security level ensured by each decision under risk, which is responsible for the certainty effect, can be taken into account by weakening the independence and continuity axioms of expected utility theory. In the resulting model, preferences depend on: (i) the security level, (ii) the expected utility, offered by each decision. Choices are partially determined by security level comparison and completed by the maximization of a function, which express the existing tradeoffs between expected utility and security level, and is, at a given security level, an affine function of the expected utility. In the model, risk neutrality at a given security level implies risk aversion.
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  • 13
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    Annals of operations research 8 (1987), S. 93-101 
    ISSN: 1572-9338
    Keywords: Approximation ; empirical studies ; heavy traffic results ; moment approximations ; queueing approximations
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Notes: Abstract Numerical evaluation of waiting time distributions for M/G/1 systems is somewhat difficult. This paper examines a simple variation of the heavy traffic formula which may be useful at modest levels of traffic intensity. One can justify the heavy traffic approximation by expressing the Laplace transform of the service time distribution as a Maclaurin series and then truncating to three terms. The spectrum factorization and inversion leads in a straightforward fashion to the heavy traffic approximation. If one carries two additional terms from the Maclaurin series, the characteristic equation is a cubic with exactly one real negative root. This root provides an easy way to extend the heavy traffic formula to cases where the traffic is not so heavy. This paper studies the quality of this approximation and includes some numerical evaluation based on data actually encountered.
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  • 14
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    Mathematical methods of operations research 30 (1986), S. A65 
    ISSN: 1432-5217
    Keywords: Dynamic Programming ; Approximation ; Bounds ; Inventory model ; (s, S)-policies
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Description / Table of Contents: Zusammenfassung Es wird ein allgemeines dynamisches Optimierungsmodell mit endlichem Horizont betrachtet. Für verschiedene Näherungsverfahren für die minimalen erwarteten Gesamtkosten und die optimale Politik werden Schranken angegeben. Die Theorie wird sodann auf ein Lagerhaltungsmodell angewandt, um Schranken für „gute“ Bestellpolitiken zu erhalten.
    Notes: Summary We consider a general finite stage dynamic programming model. Bounds are derived for the approximation of the minimum expected total cost and of the optimal policy. The theory is applied to an inventory model to give bounds for “good” order policies.
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  • 15
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    Annals of operations research 3 (1985), S. 355-377 
    ISSN: 1572-9338
    Keywords: Flexible manufacturing systems ; scheduling ; manufacturing systems ; simulation ; computer integrated manufacturing
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Notes: Abstract This paper presents a new two-phase (TP) approximate method for real-time scheduling in a flexible manufacturing system (FMS). This method combines a reduced enumeration schedule generation algorithm with a 0–1 optimization algorithm. In order to make the combined algorithm practicable, heuristic rules are introduced for the selection of jobs to be scheduled. The relative performance of the TP method vis-a-vis conventional heuristic dispatching rules such as SPT, LPT, FCFS, MWKR, and LWKR is investigated using combined process-interaction/discrete-event simulation models. An efficient experimental procedure is designed and implemented using these models, and the statistical analysis of the results is presented. For the particular case investigated, the conclusions are very encouraging. In terms of mean flow time, the TP method performs significantly better than any other tested heuristic dispatching rules. Also, the experimental results show that using global information significantly improves the FMS performance.
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  • 16
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    Annals of operations research 4 (1985), S. 227-252 
    ISSN: 1572-9338
    Keywords: Distance matrix ; earliest start scheduling ; feasible partial orders ; Graham anomalies ; project networks ; regular cost functions ; resource constrained project networks ; scheduling ; stochastic scheduling problems
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Notes: Abstract The paper deals with the network optimization problem of minimizing regular project cost subject to an arbitrary precedence relation on the sets of activities and to arbitrarily many resource constraints. The treatment is done via a purely structural approach that considerably extends the disjunctive graph concept. It is based on so-called feasible posets and includes a quite deep and useful representation theorem. This theorem permits many insights concerning the analytical behaviour of the optimal value function, the description and counting of all essentially different optimization problems, the nature of Graham anomalies, connections with the on-line stochastic generalizations, and several others. In addition, it also allows the design of a quite powerful class of branch-and-bound algorithms for such problems, which is based on an iterative construction of feasible posets. Using so-called distance matrices, this approach permits the restriction of the exponential part of the algorithm to the often comparatively small set of ‘resource and cost essential’ jobs. The paper reports on computational experience with this algorithm for examples from the building industry and includes a rough comparison with the integer programming approach by Talbot and Patterson.
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  • 17
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    Annals of operations research 3 (1985), S. 113-139 
    ISSN: 1572-9338
    Keywords: FMS ; scheduling ; mean value analysis ; HOL ; performance analysis ; queueing networks
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Notes: Abstract A new methodology for performance analysis of flexible manufacturing systems (FMSs) with priority scheduling is presented. The analytic model developed extends the mean value analysis of closed networks of queues with multiple product types, various non-preemptive priority service disciplines, and with parallel machine stations. Performance measures derived include the expected throughput per product and per station, utilization of machines and transporters, queuing times and queue length measures for various configurations. Extensive numerical calculations have shown that the algorithm used for solving the problem converges rapidly and retains numerical stability for large models. The paper also illustrates the application of the model to a system with a mixture of FCFS and HOL disciplines which gives insights into various priority assignment policies in FMSs. Special attention was given to the problem of scheduling the robot carriers (transporters).
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  • 18
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    Annals of operations research 5 (1985), S. 539-556 
    ISSN: 1572-9338
    Keywords: Programming ; interactive algorithms ; graphics ; scheduling
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Notes: Abstract Optimization algorithms or heuristics in which the user interacts significantly either during the solution process or as part of post-optimality analysis are becoming increasingly popular. An important underlying premise of such man/machine systems is that there are some steps in solving a problem in which the computer has an advantage and other steps in which a human has an advantage. This paper first discusses how man/machine systems can be useful in facilitating model specification and revision, coping with aspects of a problem that are difficult to quantify and assisting in the solution process. We then survey successful systems that have been developed in the areas of vehicle scheduling, location problems, job shop scheduling, course scheduling, and planning language-based optimization.
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