Under a budget constraint, a company may wish to close some of its existing facilities and open some new facilities to better serve its customers. This paper studies such a situation, drawing upon the literature for related location models and their solution techniques. An example of the ...
Budget constraint constitutes the primary part of the concept ofutility maximization. This concept can be summed up in the following question: “What affordable set of goods/services will maximize my happiness?” The word “affordable,” here, is linked to budget constraint. Meanwhile, “happiness...
From the sensitivity analysis, the application of the single-item problem to the proposed model can still obtain greater expected profit than the classical model under different budgetary levels. 展开 关键词: newsboy problem operations management reservation multiple-item budget constraint discount rate ...
An inward rotation of the budget constraint. B. An outward rotation of the budget constraint. C. A parallel shift in the budget constraint. D. An inside shift of the budget constraint. Opportunity cost refers to: A. the prices...
s budget constraint “More-is-better” implies budget exhaustion A rational consumer will spend every penny available. PXX + PYY ≤ M becomes PXX + PYY = M Here’s an example: Saving The budget constraint PXX + PYY = M does not imply that saving is being ignored. We saw earlier that,...
This problem has a number of applications, many of which fall into the category of service systems, such as regional planning and locating schools, health care service centers and airline networks. Our model also includes an investment budget constraint. We propose a mixed integer programming ...
Our second contribution is a method for constructing a policy that prescribes the joint policy to be taken across all sub-processes given the joint state of the system, subject to a global budget constraint. We cast the problem as a weakly coupled MDP in which budget is allocated online to...
Also, there are great professionally made tools out there to really help you with your budget. Check out Counting My Pennies’review of You Need A Budget(YNAB) for example. Any other good links to free help with budget creation? Does anyone NOT keep a budget? Is there anyone who does ke...
Capitalist economies are hardly immune to the soft budget constraint, as is evident from the Asian financial crisis (Maskin, 1999). There are many reasons why the soft budget constraint may prevail. For example, the government bails out bankrupt SOEs to avoid unemployment and political unrest. ...
We study the multi-armed bandit problem with multiple plays and a budget constraint for both the stochastic and the adversarial setting. At each round, exactly $K$ out of $N$ possible arms have to be played (with $1\\leq K \\leq N$). In ... DP Zhou,CJ Tomlin 被引量: 9发表: ...