{"title":"The cost-benefit approach to an optimal charging scheme for an embryo storage service","authors":"Yael Lahav , Avi Herbon , Uriel Spiegel","doi":"10.1016/j.orp.2023.100281","DOIUrl":"10.1016/j.orp.2023.100281","url":null,"abstract":"<div><p>Cryostorage of human embryos produced during the course of in vitro fertilization (IVF) treatment is an important issue for hospitals, governments and individuals who are facing fertility challenges. Embryo cryostorage is giving rise to increasing economic, ethical and legal concerns due to the increasing holding and operational costs of storage, the rise in the number of unused embryos, and the absence of economic incentives for hospitals to provide free cryostorage services. These issues may reduce the availability of storage services and encourage individuals to seek embryo donations from abroad with attendant medical risks and the possibility of illegal transactions. Given that both public and private healthcare institutions are increasingly motivated by economic factors, increasing the economic incentive to offer cryostorage has the potential to increase the provision of storage facilities. This paper proposes a nonlinear programming model to enable a hospital or other service provider to determine the optimal price it should charge for storage. The suggested pricing policy comprises three components; however, our analysis shows that an optimal solution can only include a maximum of two of these components. Finally, the paper introduces a numerical example as well as a real-data comparison among several providers to demonstrate the applicability and value of the proposed model.</p></div>","PeriodicalId":38055,"journal":{"name":"Operations Research Perspectives","volume":"10 ","pages":"Article 100281"},"PeriodicalIF":2.5,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47281788","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Shafi Ahmad , Sarfaraz Masood , Noor Zaman Khan , Irfan Anjum Badruddin , Ompal , Ali Ahmadian , Zahid A. Khan , Amil Hayat Khan
{"title":"Analysing the impact of COVID-19 pandemic on the psychological health of people using fuzzy MCDM methods","authors":"Shafi Ahmad , Sarfaraz Masood , Noor Zaman Khan , Irfan Anjum Badruddin , Ompal , Ali Ahmadian , Zahid A. Khan , Amil Hayat Khan","doi":"10.1016/j.orp.2022.100263","DOIUrl":"10.1016/j.orp.2022.100263","url":null,"abstract":"<div><p>Recently, a large portion of the world's population has experienced an unprecedented devastating effect of the COVID-19 pandemic. At the time of its outbreak, not much was known about this disease and therefore, quarantine and social distancing were the only ways suggested to prevent its spread among humans. Although the current situation is much better than before however, strict social distancing norms as well as frequent long-lasting lockdowns with stringent guidelines and actions to control the spread in the early days have affected the physical and psychological health of the people. Consequently, this study was carried out to attain the following major objectives: (i) to identify the potential psychological problems/factors that might have been caused due to COVID-19 led social distancing and lockdowns, and (ii) to determine the ranks of the identified psychological factors to reflect their degree of criticality. The first objective was achieved by gathering information about the potential psychological factors from the experts. Data, in terms of linguistic variables, was collected from the experts and analyzed using two fuzzy-based multi-criteria decision-making (MCDM) methods i.e. Fuzzy Best Worst Method (F-BWM) and Fuzzy TOPSIS (F-TOPSIS) which led to the accomplishment of the second objective. The results of this study revealed that anxiety, stress, panic attacks, frustration, and insomnia were the top five critical psychological factors that might have affected people due to this pandemic. Consistency of the results was ensured by comparing the obtained ranks with the ranks found using the Fuzzy WSM and Fuzzy MABAC methods. In addition, the robustness of the results was ascertained by conducting the sensitivity analysis. Based on the findings of the study, the identified factors were categorized into most, average, and least critical psychological factors. This research might help the relevant authorities to understand the extent of the seriousness of the various psychological factors caused by this pandemic, so that an effective strategy may be developed for better management, control, and safety.</p></div>","PeriodicalId":38055,"journal":{"name":"Operations Research Perspectives","volume":"10 ","pages":"Article 100263"},"PeriodicalIF":2.5,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45982412","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A numerical comparative study of completion methods for pairwise comparison matrices","authors":"Hailemariam Abebe Tekile, Matteo Brunelli, Michele Fedrizzi","doi":"10.1016/j.orp.2023.100272","DOIUrl":"10.1016/j.orp.2023.100272","url":null,"abstract":"<div><p>In the context of some multi-criteria decision-making methods, such as the Analytic Hierarchy Process, an expert is required to compare entities, e.g. alternatives and criteria. However, often, for various reasons, the expert cannot provide judgments on all pairs of entities. For these cases, several completion methods have been proposed in the literature to estimate the missing values of pairwise comparison matrices. In this paper, we study the similarity of eleven completion methods on the basis of numerical simulations and hierarchical clustering. We perform simulations for matrices of different orders considering various numbers of missing comparisons. Finally, the results suggest the existence of a cluster of five extremely similar methods, and a method significantly dissimilar from all the others.</p></div>","PeriodicalId":38055,"journal":{"name":"Operations Research Perspectives","volume":"10 ","pages":"Article 100272"},"PeriodicalIF":2.5,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48053334","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Lot-sizing and pricing decisions under attraction demand models and multi-channel environment: New efficient formulations","authors":"Mourad Terzi , Yassine Ouazene , Alice Yalaoui , Farouk Yalaoui","doi":"10.1016/j.orp.2023.100269","DOIUrl":"10.1016/j.orp.2023.100269","url":null,"abstract":"<div><p>The presented paper considers the pricing and lot-sizing decisions for a manufacturer who produces and sells a single product in different selling channels i.e physical stock, website, mobile, etc. The objective is to find the production plan and prices of each channel to maximize the total profit defined from difference between the revenues and the productions, holding and setups costs. The consumers’ demand in each channel is represented by attraction demand models which include the multinomial logit (<span><math><mrow><mi>M</mi><mi>N</mi><mi>L</mi></mrow></math></span>), multiplicative competitive interaction (<span><math><mrow><mi>M</mi><mi>C</mi><mi>I</mi></mrow></math></span>) and linear demand models. The addressed problem is formulated as a non-convex mixed-integer nonlinear program (<span><math><mrow><mi>M</mi><mi>I</mi><mi>N</mi><mi>L</mi><mi>P</mi></mrow></math></span>). Based on properties of attraction functions, an efficient reformulation which transforms the initial non-convex problem into a convex one is presented. Therefore, an optimization approach based on the outer approximation algorithm is presented to solve the problem. Numerical tests based on large benchmark of real inspired instances show the efficiency of the proposed approach to solve the addressed problem compared to the initial non-convex model.</p></div>","PeriodicalId":38055,"journal":{"name":"Operations Research Perspectives","volume":"10 ","pages":"Article 100269"},"PeriodicalIF":2.5,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48138965","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Prescribing net demand for two-stage electricity generation scheduling","authors":"J.M. Morales, M.A. Muñoz, S. Pineda","doi":"10.1016/j.orp.2023.100268","DOIUrl":"https://doi.org/10.1016/j.orp.2023.100268","url":null,"abstract":"<div><p>We consider a two-stage generation scheduling problem comprising a forward dispatch and a real-time re-dispatch. The former must be conducted facing an uncertain net demand that includes non-dispatchable electricity consumption and renewable power generation. The latter copes with the plausible deviations with respect to the forward schedule by making use of balancing power during the actual operation of the system. Standard industry practice deals with the uncertain net demand in the forward stage by replacing it with a good estimate of its conditional expectation (usually referred to as a <em>point forecast</em>), so as to minimize the need for balancing power in real time. However, it is well known that the cost structure of a power system is highly asymmetric and dependent on its operating point, with the result that minimizing the amount of power imbalances is not necessarily aligned with minimizing operating costs. In this paper, we propose a bilevel program to construct, from the available historical data, a <em>prescription</em> of the net demand that does account for the power system’s cost asymmetry. Furthermore, to accommodate the strong dependence of this cost on the power system’s operating point, we use clustering to tailor the proposed prescription to the foreseen net-demand regime. By way of an illustrative example and a more realistic case study based on the European power system, we show that our approach leads to substantial cost savings compared to the customary way of doing.</p></div>","PeriodicalId":38055,"journal":{"name":"Operations Research Perspectives","volume":"10 ","pages":"Article 100268"},"PeriodicalIF":2.5,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49869947","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A robust model for emergency supplies prepositioning and transportation considering road disruptions","authors":"Wuyang Yu","doi":"10.1016/j.orp.2023.100266","DOIUrl":"https://doi.org/10.1016/j.orp.2023.100266","url":null,"abstract":"<div><p>Proper prepositioning of emergency supplies can dramatically improve the efficiency of emergency response work. However, the uncertainties of emergency demands and road conditions bring difficulties to the prepositioning of emergency supplies. This paper proposes a two-stage robust model to locate emergency supply points and preposition the corresponding storage amount of emergency supplies, in which we presented two budget sets to describe the uncertainties of demands and road conditions, respectively. The innovative use of variables in the model to limit road capacities addresses the representation of different road interruption scenarios. We proposed an algorithm based on Benders decomposition by transforming the second-stage model into a binary linear programming model. Computational experiments based on the Sioux Falls network demonstrate the validity of the model and algorithm. We conducted sensitivity analyses for some important parameters in the model, such as two uncertainty control parameters, unit transportation cost, budget for the construction of emergency supply points, etc. We find that the uncertainty of road disruptions has a greater impact on the model than the uncertainty of demands. In addition, when the control parameter of the road disruptions exceeds a certain threshold, its influence on the model remains essentially constant.</p></div>","PeriodicalId":38055,"journal":{"name":"Operations Research Perspectives","volume":"10 ","pages":"Article 100266"},"PeriodicalIF":2.5,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49869948","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Dynamic portfolio selection with linear control policies for coherent risk minimization","authors":"Yuichi Takano , Jun-ya Gotoh","doi":"10.1016/j.orp.2022.100262","DOIUrl":"10.1016/j.orp.2022.100262","url":null,"abstract":"<div><p>This paper is concerned with a linear control policy for dynamic portfolio selection. We develop this policy by incorporating time-series behaviors of asset returns on the basis of coherent risk minimization. Analyzing the dual form of our optimization model, we demonstrate that the investment performance of linear control policies is directly connected to the intertemporal covariance of asset returns. To mitigate overfitting to training data (i.e., historical asset returns), we apply robust optimization. For this optimization, we prove that the worst-case coherent risk measure can be decomposed into the empirical risk measure and the penalty terms. Numerical results demonstrate that when the number of assets is small, linear control policies deliver good out-of-sample investment performance. When the number of assets is large, the penalty terms improve the out-of-sample investment performance.</p></div>","PeriodicalId":38055,"journal":{"name":"Operations Research Perspectives","volume":"10 ","pages":"Article 100262"},"PeriodicalIF":2.5,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41346948","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A stochastic card balance management problem with continuous and batch-type bilateral transactions","authors":"Yonit Barron","doi":"10.1016/j.orp.2023.100274","DOIUrl":"10.1016/j.orp.2023.100274","url":null,"abstract":"<div><p>We study a stochastic continuous-review card balance management problem with two transaction patterns, namely, continuous and batch-type bilateral transactions, both in a Markovian environment. Motivated by the Autoload program used in public transit systems, the card is managed using a two-parameter band policy. Our cost structure includes activation and loading costs, and a fine for a negative balance. By applying hitting time theory and martingales, we derive the cost functionals and obtain, numerically, the optimal thresholds minimizing the expected discounted total cost. Surprisingly, a numerical study shows that the optimal policy is inherently linked with the outflow patterns, and is more sensitive to changes in withdrawal rates than to changes in batch sizes. We further show that timing is a significant factor in determining the policy: a high discount factor leads to frequent activations with smaller amounts.</p></div>","PeriodicalId":38055,"journal":{"name":"Operations Research Perspectives","volume":"10 ","pages":"Article 100274"},"PeriodicalIF":2.5,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45293799","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
A. Salimipour, Toktam Mehraban, Hevi Ghafour, N. Arshad, M. J. Ebadi
{"title":"SIR model for the spread of COVID-19: A case study","authors":"A. Salimipour, Toktam Mehraban, Hevi Ghafour, N. Arshad, M. J. Ebadi","doi":"10.1016/j.orp.2022.100265","DOIUrl":"https://doi.org/10.1016/j.orp.2022.100265","url":null,"abstract":"","PeriodicalId":38055,"journal":{"name":"Operations Research Perspectives","volume":"10 1","pages":"100265 - 100265"},"PeriodicalIF":2.5,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43731707","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}