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SSRN Research Paper Series
The Social Science Research Network’s Research Paper Series includes working papers produced by Stanford GSB the Rock Center.
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The problem considered is the scheduling of a job shop with job due dates, intermittent job arrivals, and statistical processing times. Centralized scheduling uses a sequence of static problems for generating priorities at review…
The study of optimal dividend, reinvestment, and liquidation policies for a single asset firm is continued. By assuming roughly that the probability distribution of net asset changes is PF2, that its mode is not too low, and that…
Decomposition of the municipal cash management problem into monthly and daily decisions is considered and conditions presented which guarantee that the decomposition is well defined. Under certain conditions, infeasibilities at…
Multi-stage decision processes are considered, in notation which is an outgrowth of that introduced by Denardo [l0]. Certain Markov decision processes, stochastic games, and risk-sensitive Markov decision processes are formulated…
The study of structured countable stage decision processes is continued. Rather than requiring the terminal value functions to be what are called regular-structured [6], we only require them to be regular. Since the infinite…
This paper discusses some of the organizational aspects of a class of decentralized resource allocation mechanisms based in theory upon decomposition of linear programs. Organizational aspects refer to those attributes which have…
The decision about when to abandon a capital investment is formulated as a dynamic programming problem under conditions of both certain and probabilistic cash flows. One period autocorrelation is assumed in the case of uncertain…
This paper has three purposes: (1) to present a framework for classifying and analyzing conceptual models of the resource allocation process in a decentralized organization, (2) to explain some different coordination strategies…
Abstract not available.
The Principle of Optimality is examined informally (bereft of notation) in the context of discounted Markov decision processes. The optimality equations and optimality criterion are introduced with discounted Markov decision…
New improved bounds on the optimal return function in finite state and action, infinite horizon, discounted stationary Markov decision chains are developed. They require solving a single constraint, bounded variable linear program…
This paper develops a formula for calculating the variance of the present value of cash flows for capital investment projects that have an option to abandon the project in each period. The development of the optimal abandonment…
Health Maintenance Organizations have been proposed as a major element in the restructuring of the health care delivery system to help contain costs and bring about improved distribution of services. The structure and…
The organizational forms and data requirements of experimental social programs contribute to the necessity for the development of new general purpose file management and data processing systems. The organizational aspects of…
A descriptive model of the relationship between organizational performance, action, and the use of information from a formal reporting system is presented. An empirical study of the performance of branch banks, the use of an…
This paper examines an idealized dynamic model of a market for a single stock. The model assumes a finite number of investor classes, the members of each class having essentially infinite wealth. All investors are assumed to be…
Abstract not available.
Abstract available on PDF.
This paper examines the relationships between the utilization of physician services and three variables — race, insurance, and distance to care — in a rural setting. Four measures of utilization are considered: (1) Total number…
Abstract not available.