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Capacity, flexibility and pricing decisions for substitutable products under demand and supply uncertainties
(2017-05)
We study the resource investment and pricing decisions for a profit-maximizing firm producing two substitutable products with partially flexible resources facing three types of uncertainties separately: demand uncertainties, ...
Improving Dynamic Decision-Making Through RFID: A Partially Observable Markov Decision Process (POMDP) for RFID-Enhanced Warehouse Search Operations
(Oklahoma State University, 2006-12-01)
Misplaced items contribute significantly (2-10%) to the operational expense of a typical warehouse. In this work we develop a Partially Observable Markov Decision Process (POMDP) model for RFID directed search to detect ...