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Full-Text Articles in Operations Research, Systems Engineering and Industrial Engineering
Performance Based Contracting For The Manufacturing Industry By Using Integrated Platform And Dynamic Pricing Model, Lindawati, Aldy Gunawan
Performance Based Contracting For The Manufacturing Industry By Using Integrated Platform And Dynamic Pricing Model, Lindawati, Aldy Gunawan
Research Collection Lee Kong Chian School Of Business
Although Performance Based Contracting (PBC) concept is not totally new, the PBC adaptation in Industrial Machinery and Components (IMC) manufacturing, which produces high-value and long life machineries, is rather slow and it is done with extra caution. Three main concerns for manufacturers to implement PBC are the investment cost, the maintenance cost and possible revenue loss. To handle these concerns and accelerate the PBC implementation, we propose an integrated platform that consists of three components: dynamic pricing, sensor data feeding and machinery monitoring. We model the dynamic pricing as an optimization problem and propose Genetic Algorithm to solve the problem. …
An Analysis Of Extreme Price Shocks And Illiquidity Among Systematic Trend Followers, Bernard Lee, Shih-Fen Cheng, Annie Koh
An Analysis Of Extreme Price Shocks And Illiquidity Among Systematic Trend Followers, Bernard Lee, Shih-Fen Cheng, Annie Koh
Research Collection Lee Kong Chian School Of Business
We construct an agent-based model to study the interplay between extreme price shocks and illiquidity in the presence of systematic traders known as trend followers. The agent-based approach is particularly attractive in modeling commodity markets because the approach allows for the explicit modeling of production, capacities, and storage constraints. Our study begins by using the price stream from a market simulation involving human participants and studies the behavior of various trend-following strategies, assuming initially that their participation will not impact the market. We notice an incremental deterioration in strategy performance as and when strategies deviate further and further from the …