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A discrete-time dynamic programming (DP) model is proposed to determine the optimal bid price for each booking request under both single and multiple booking scenarios. The optimal revenue function and opportunity cost are analysed and an asymptotical property is presented. Several approximation...
Telephone communications, mobile services, and internet traffic continue to grow in China. As more people in China become telecommunications customers, China must find effective and efficient ways to provide these services in order to compete in the global market. This research examines the...
To attract buyers in the uncertain and distrusted environment of e-market, seller agents must use flexible and adaptive strategies. Being able to compute the right price of a good is vital for a seller agent to succeed in e-market that allows for prices to fluctuate due to uncertainty, different...
Recently, data collection time for inspection of manufactured parts has been reduced by using machine vision systems that have emerged as a financially viable device, compared to conventional touch-based coordinate measuring machines. However, the overall accuracy and speed of the inspection...
This research investigates the efficiency of 100 firms from ten selected manufacturing industries in the Philippines over the period 1995–2004, using the two frontier models. The aim of this research is to evaluate and measure the technical efficiency of selected firms by applying the data...
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