Stochastic knapsack revisited: The service level perspective

Stochastic knapsack revisited: The service level perspective

A key challenge in the resource allocation problem is to find near-optimal policies to serve different customers with random demands/revenues, using a fixed pool of capacity (properly configured). In this paper, we study the properties of three classes of allocation policies-responsive (with perfect...

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Bibliographic Details
Main Authors: LYU, Guodong, CHOU, Mabel C., TEO, Chung-Piaw, ZHENG, Zhichao, ZHONG, Yuanguang
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2022
Subjects:
stochastic knapsack
resource allocation
capacity pooling
service level
persistency value
Operations and Supply Chain Management
Operations Research, Systems Engineering and Industrial Engineering
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/7092
https://ink.library.smu.edu.sg/context/lkcsb_research/article/8091/viewcontent/SSRN_id3674463.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/lkcsb_research/7092
https://ink.library.smu.edu.sg/context/lkcsb_research/article/8091/viewcontent/SSRN_id3674463.pdf

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