expected profit
Optimizing Expected Profit Under Flexible Allocation of Campaign Days and Budget for Management of Shopping Centers: A Machine Learning Approach
... practices, expected total sales can be increased by reallocating sales campaign days in a more flexible ...on expected total sales without regard to expected profit and did not consider the ...
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Target Costing, the Linkages Between Target Costing and Value Engineering and Expected Profit and Kaizen
... Abstract: Target costing is a pricing method used by firms. It is defined as "a cost management tool for reducing the overall cost of a product over its entire life-cycle with the help of production, engineering, ...
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Monopolization through acquisition
... his expected profit is strictly less than that predicted by equilibria of the static ...bidder’s expected profit from the acquisition of ...
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Optimal Process Adjustment with Considering Variable Costs for Uni-variate and Multi-variate Production Process (RESEARCH NOTE)
... optimum expected profit with changing the standard deviation parameter in single and two-stage production ...the expected profit decreases that is reasonable because with increasing the value ...
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Fitting Clearing Functions to Empirical Data: Simulation Optimization and Heuristic Algorithms.
... price of capacity is obtained from the dual variable associated with the output allocation constraint ∑ ( ) . In our heuristics, we use dual solutions and transform them into weights of observations to consider the dual ...
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Essays on supply risk in global operations
... We model the four mitigation strategies as the newsvendor type of model, where the firm’s objective is to maximize its expected profit. The unit procurement cost is assumed to be exogenous, and the firm’s ...
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A Probabilistic Analysis of a Scheduling Problem in the Economics of Tourism
... The scheduling problem faced by a firm (or by a government agency) that is responsible for providing transportation to tourists who would like to visit a particular location has received scant theoretical attention in ...
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The economics of copyright, parallel imports and piracy in the music recording industry
... As hypothesised, the expected profit matrix illustrates that enforcement measures backed by stringent financial penalties (or prison terms) provide an effective deterrent to smuggling [r] ...
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Supplier competition with option contracts for discrete blocks of capacity
... The main contributions of this paper are summa- rized as follows. First, we examine in depth a combina- torial auction problem in which competing suppliers each own a capacity block and are evaluated based on their ...
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10-28-2011 12:00 AM The Newsvendor Problem with Pricing
... In the basic newsvendor problem price is fixed at P, and the only decision variable is inventory quantity, Q. In the newsvendor problem with pricing (NPP), it is assumed that the seller also has price-setting ability (as ...
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Seasonal climate forecasting for sugar cane: an economic investigation of harvest management
... optimal expected profit fell only slightly when risk aversion was introduced into the ...in expected farm profits obtainable through correctly modelling tactical adjustment was significantly ...the ...
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A test of speculative arbitrage : is the cross section of volatility invariant?
... normalized expected volatility on the right-hand side is from late in the trading day and the dependent variable is from early in the trading day, while estimates are far less than one for the opposite ...equate ...
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Mean selection for a filling process with implications to 'Weights and Measures' requirements
... The economic gains and losses caused by change in the process parameters have been illustrated as well as consideration given to finding the mean setting to maximise expected profit. [r] ...
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Economic Analysis of using MEMS technology for monitoring warp tension and breaks in weaving
... Figure 6-11 displays the effect of expected quality improvement for expected profit per. year for optimistic, most likely, and pessimistic values respectively assuming all other[r] ...
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Non negative demand in newsvendor models:The case of singly truncated normal samples
... Assuming that demand follows the normal distribution, Kevork (2010) explored the variability of estimates for the optimal order quantity and the maximum expected profit. His analysis showed that the weak ...
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Bidding for network size
... the competitor. Hence, even by not investing anything, a firm always keeps its share of loyal consumers with positive probability, so that each player makes a strictly positve expected profit. The higher is ...
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Optimal Capacity Expansion Policy with a Deductible Reservation Contract
... contract is an exogenous given constant parameter, the retailer offers an early commitment on a certain portion of future capacity just before the supplier expands capac- ity. When the stochastic demand is realized, the ...
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Strategy decision of business interruption insurance and emergency supply strategy based on supply disruptions
... respective profit difference, we get Figure ...The expected profit with insurance is more than profit without insurance within a reasonable range of interruption probability and the ...
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Heterogeneity and clustering of defaults
... its expected value, all HFs take a long position, but the difference in precision and risk aversion leads them to different levels of optimal ...different expected value of the waiting times between ...
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A note on the social responsibility in a bilateral monopoly
... the profit-seeking manufacturer firm’s profits benefit from the consumers’ friendly CSR activities of its retailer and thus this situation constitutes a Pareto-superior outcome; 4) this result may explain real ...
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