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Articles 4141 - 4170 of 4292
Full-Text Articles in Operations Research, Systems Engineering and Industrial Engineering
A Dynamic Programming Approach To Achieving An Optimal End State Along A Serial Production Line, Shih-Fen Cheng, Blake E. Nicholson, Marina A. Epelman, Daniel J. Reaume, Robert L. Smith
A Dynamic Programming Approach To Achieving An Optimal End State Along A Serial Production Line, Shih-Fen Cheng, Blake E. Nicholson, Marina A. Epelman, Daniel J. Reaume, Robert L. Smith
Research Collection School Of Computing and Information Systems
In modern production systems, it is critical to perform maintenance, calibration, installation, and upgrade tasks during planned downtime. Otherwise, the systems become unreliable and new product introductions are delayed. For reasons of safety, testing, and access, task performance often requires the vicinity of impacted equipment to be left in a specific “end state” when production halts. Therefore, planning the shutdown of a production system to balance production goals against enabling non-production tasks yields a challenging optimization problem. In this paper, we propose a mathematical formulation of this problem and a dynamic programming approach that efficiently finds optimal shutdown policies for …
An Agent-Based Simulation Approach To Experience Management In Theme Parks, Shih-Fen Cheng, Larry Junjie Lin, Jiali Du, Hoong Chuin Lau, Pradeep Reddy Varakantham
An Agent-Based Simulation Approach To Experience Management In Theme Parks, Shih-Fen Cheng, Larry Junjie Lin, Jiali Du, Hoong Chuin Lau, Pradeep Reddy Varakantham
Research Collection School Of Computing and Information Systems
In this paper, we illustrate how massive agent-based simulation can be used to investigate an exciting new application domain of experience management in theme parks, which covers topics like congestion control, incentive design, and revenue management. Since all visitors are heterogeneous and self-interested, we argue that a high-quality agent-based simulation is necessary for studying various problems related to experience management. As in most agent-base simulations, a sound understanding of micro-level behaviors is essential to construct high-quality models. To achieve this, we designed and conducted a first-of-its-kind real-world experiment that helps us understand how typical visitors behave in a theme-park environment. …
Improving Patient Length-Of-Stay In Emergency Department Through Dynamic Queue Management, Kar Way Tan, Hoong Chuin Lau, Francis Chun Yue Lee
Improving Patient Length-Of-Stay In Emergency Department Through Dynamic Queue Management, Kar Way Tan, Hoong Chuin Lau, Francis Chun Yue Lee
Research Collection School Of Computing and Information Systems
Addressing issue of crowding in an Emergency Department (ED) typically takes the form of process engineering or single-faceted queue management strategies such as demand restriction, queue prioritization or staffing the ED. This work provides an integrated framework to manage queue dynamically from both demand and supply perspectives. More precisely, we introduce intelligent dynamic patient prioritization strategies to manage the demand concurrently with dynamic resource adjustment policies to manage supply. Our framework allows decision-makers to select both the demand-side and supply-side strategies to suit the needs of their ED. We verify through a simulation that such a framework improves the patients' …
Budgeted Personalized Incentive Approaches For Smoothing Congestion In Resource Networks, Pradeep Varakantham, Na Fu, William Yeoh, Shih-Fen Cheng, Hoong Chuin Lau
Budgeted Personalized Incentive Approaches For Smoothing Congestion In Resource Networks, Pradeep Varakantham, Na Fu, William Yeoh, Shih-Fen Cheng, Hoong Chuin Lau
Research Collection School Of Computing and Information Systems
Congestion occurs when there is competition for resources by sel sh agents. In this paper, we are concerned with smoothing out congestion in a network of resources by using personalized well-timed in- centives that are subject to budget constraints. To that end, we provide: (i) a mathematical formulation that computes equilibrium for the re- source sharing congestion game with incentives and budget constraints; (ii) an integrated approach that scales to larger problems by exploiting the factored network structure and approximating the attained equilib- rium; (iii) an iterative best response algorithm for solving the uncon- strained version (no budget) of the …
Optimization Approaches For Solving Chance Constrained Stochastic Orienteering Problems, Pradeep Varakantham, Akshat Kumar
Optimization Approaches For Solving Chance Constrained Stochastic Orienteering Problems, Pradeep Varakantham, Akshat Kumar
Research Collection School Of Computing and Information Systems
Orienteering problems (OPs) are typically used to model routing and trip planning problems. OP is a variant of the well known traveling salesman problem where the goal is to compute the highest reward path that includes a subset of nodes and has an overall travel time less than the specified deadline. Stochastic orienteering problems (SOPs) extend OPs to account for uncertain travel times and are significantly harder to solve than deterministic OPs. In this paper, we contribute a scalable mixed integer LP formulation for solving risk aware SOPs, which is a principled approximation of the underlying stochastic optimization problem. Empirically, …
Flotra: Flower-Shape Trajectory Mining For Instance-Specific Parameter Tuning, Lindawati Lindawati, Feida Zhu, Hoong Chuin Lau
Flotra: Flower-Shape Trajectory Mining For Instance-Specific Parameter Tuning, Lindawati Lindawati, Feida Zhu, Hoong Chuin Lau
Research Collection School Of Computing and Information Systems
The performance of a heuristic algorithm is highly dependent on its parameter configuration, yet finding a good parameter configuration is often a time-consuming task. In this paper we propose FloTra, a Flower graph mining for graph search Trajectory pattern extraction for generic instance-specific automated parameter tuning. This algorithm provides efficient extraction of compact and discriminative features of the search trajectory, upon which problem instances are clustered and the corresponding optimal parameter configurations are computed. Experimental evaluations of our approach on the Quadratic Assignment Problem (QAP) show that our approach offers promising improvement over existing parameter tuning algorithms. In this work, …
“Network-Theoretic” Queuing Delay Estimation In Theme Park Attractions, Ajay Aravamudhan, Archan Misra, Hoong Chuin Lau
“Network-Theoretic” Queuing Delay Estimation In Theme Park Attractions, Ajay Aravamudhan, Archan Misra, Hoong Chuin Lau
Research Collection School Of Computing and Information Systems
Queuing is a common phenomenon in theme parks which negatively affects visitor experience and revenue yields. There is thus a need for park operators to infer the real queuing delays without expensive investment in human effort or complex tracking infrastructure. In this paper, we depart from the classical queuing theory approach and provide a data-driven and online approach for estimating the time-varying queuing delays experienced at different attractions in a theme park. This work is novel in that it relies purely on empirical observations of the entry time of individual visitors at different attractions, and also accommodates the reality that …
A Multi-Objective Memetic Algorithm For Vehicle Resource Allocation In Sustainable Transportation Planning, Hoong Chuin Lau, Lucas Agussurja, Shih-Fen Cheng, Pang Jin Tan
A Multi-Objective Memetic Algorithm For Vehicle Resource Allocation In Sustainable Transportation Planning, Hoong Chuin Lau, Lucas Agussurja, Shih-Fen Cheng, Pang Jin Tan
Research Collection School Of Computing and Information Systems
Sustainable supply chain management has been an increasingly important topic of research in recent years. At the strategic level, there are computational models which study supply and distribution networks with environmental considerations. At the operational level, there are, for example, routing and scheduling models which are constrained by carbon emissions. Our paper explores work in tactical planning with regards to vehicle resource allocation from distribution centers to customer locations in a multi-echelon logistics network. We formulate the bi-objective optimization problem exactly and design a memetic algorithm to efficiently derive an approximate Pareto front. We illustrate the applicability of our approach …
Interacting Knapsack Problem In Designing Resource Bundles, Truong Huy D. Nguyen, Pradeep Reddy Varakantham, Hoong Chuin Lau, Shih-Fen Cheng
Interacting Knapsack Problem In Designing Resource Bundles, Truong Huy D. Nguyen, Pradeep Reddy Varakantham, Hoong Chuin Lau, Shih-Fen Cheng
Research Collection School Of Computing and Information Systems
In many real-life businesses, the service provider/seller keeps a log of the visitors’ behavior as a way to assess the efficiency of the current business/operation model and find room for improvement. For example, by tracking when visitors entering attractions in a theme park, theme park owners can detect when and where congestion may occur, thus having contingency plans to reroute the visitors accordingly. Similarly, a Cable TV service provider can track channel switching events at each household to identify uninteresting channels. Subsequently, the repertoire of channels up for subscription can evolve over time to better serve the entertainment demand of …
Scalable Randomized Patrolling For Securing Rapid Transit Networks, Pradeep Varakantham, Hoong Chuin Lau, Zhi Yuan
Scalable Randomized Patrolling For Securing Rapid Transit Networks, Pradeep Varakantham, Hoong Chuin Lau, Zhi Yuan
Research Collection School Of Computing and Information Systems
Mass Rapid Transit using rail is a popular mode of transport employed by millions of people in many urban cities across the world. Typically, these networks are massive, used by many and thus, can be a soft target for criminals. In this paper, we consider the problem of scheduling randomised patrols for improving security of such rail networks. Similar to existing work in randomised patrols for protecting critical infrastructure, we also employ Stackelberg Games to represent the problem. In solving the Stackelberg games for massive rail networks, we make two key contributions. Firstly, we provide an approach called RaPtoR for …
Improving Patient Length-Of-Stay In Emergency Department Through Dynamic Resource Allocation Policies, Kar Way Tan, Wei Hao Tan, Hoong Chuin Lau
Improving Patient Length-Of-Stay In Emergency Department Through Dynamic Resource Allocation Policies, Kar Way Tan, Wei Hao Tan, Hoong Chuin Lau
Research Collection School Of Computing and Information Systems
In this work, we consider the problem of allocating doctors in the ambulatory area of a hospital's emergency department (ED) based on a set of policies. Traditional staffing methods are static, hence do not react well to surges in patient demands. We study strategies that intelligently adjust the number of doctors based on current and historical information about the patient arrival. Our main contribution is our proposed data-driven online approach that performs adaptive allocation by utilizing historical as well as current arrivals by running symbiotic simulation in real-time. We build a simulation prototype that models ED process that is close …
Multi-Agent Orienteering Problem With Time-Dependent Capacity Constraints, Cen Chen, Shih-Fen Cheng, Hoong Chuin Lau
Multi-Agent Orienteering Problem With Time-Dependent Capacity Constraints, Cen Chen, Shih-Fen Cheng, Hoong Chuin Lau
Research Collection School Of Computing and Information Systems
The Orienteering Problem (OP), as originally defined by Tsiligirides, is the problem of cross-countr sport in which participants get rewards from visiting a predefined set of checkpoints. As Orienteering Problem can be used to describe a wide variety of real-world problems like route planning for facility inspection, patrolling of strategic location, and reward-weighted traveling salesman problem, it has attracted continuous interests from researchers and a large number of variants and corresponding algorithms for solving them have been introduced.
Tesla: An Extended Study Of An Energy-Saving Agent That Leverages Schedule Flexibility, Jun Young Kwak, Pradeep Varakantham, Rajiv Maheswaran, Milind Tambe, Burcin Becerik-Gerber
Tesla: An Extended Study Of An Energy-Saving Agent That Leverages Schedule Flexibility, Jun Young Kwak, Pradeep Varakantham, Rajiv Maheswaran, Milind Tambe, Burcin Becerik-Gerber
Research Collection School Of Computing and Information Systems
This paper presents transformative energy-saving schedule-leveraging agent (TESLA), an agent for optimizing energy usage in commercial buildings. TESLA’s key insight is that adding flexibility to event/meeting schedules can lead to significant energy savings. This paper provides four key contributions: (i) online scheduling algorithms, which are at the heart of TESLA, to solve a stochastic mixed integer linear program for energy-efficient scheduling of incrementally/dynamically arriving meetings and events; (ii) an algorithm to effectively identify key meetings that lead to significant energy savings by adjusting their flexibility; (iii) an extensive analysis on energy savings achieved by TESLA; and (iv) surveys of real …
Anonymous Authentication Of Visitors For Mobile Crowd Sensing At Amusement Parks, Divyan Konidala, Robert H. Deng, Yingjiu Li, Hoong Chuin Lau, Stephen Fienberg
Anonymous Authentication Of Visitors For Mobile Crowd Sensing At Amusement Parks, Divyan Konidala, Robert H. Deng, Yingjiu Li, Hoong Chuin Lau, Stephen Fienberg
Research Collection School Of Computing and Information Systems
In this paper we focus on authentication and privacy aspects of an application scenario that utilizes mobile crowd sensing for the benefit of amusement park operators and their visitors. The scenario involves a mobile app that gathers visitors’ demographic details, preferences, and current location coordinates, and sends them to the park’s sever for various analyses. These analyses assist the park operators to efficiently deploy their resources, estimate waiting times and queue lengths, and understand the behavior of individual visitors and groups. The app server also offers visitors optimal recommendations on routes and attractions for an improved dynamic experience and minimized …
Distributed Gibbs: A Memory-Bounded Sampling-Based Dcop Algorithm, Duc Thien Nguyen, William Yeoh, Hoong Chuin Lau
Distributed Gibbs: A Memory-Bounded Sampling-Based Dcop Algorithm, Duc Thien Nguyen, William Yeoh, Hoong Chuin Lau
Research Collection School Of Computing and Information Systems
Researchers have used distributed constraint optimization problems (DCOPs) to model various multi-agent coordination and resource allocation problems. Very recently, Ottens et al. proposed a promising new approach to solve DCOPs that is based on confidence bounds via their Distributed UCT (DUCT) sampling-based algorithm. Unfortunately, its memory requirement per agent is exponential in the number of agents in the problem, which prohibits it from scaling up to large problems. Thus, in this paper, we introduce a new sampling-based DCOP algorithm called Distributed Gibbs, whose memory requirements per agent is linear in the number of agents in the problem. Additionally, we show …
Master Physician Scheduling Problem, Aldy Gunawan, Hoong Chuin Lau
Master Physician Scheduling Problem, Aldy Gunawan, Hoong Chuin Lau
Research Collection School Of Computing and Information Systems
We study a real-world problem arising from the operations of a hospital service provider, which we term the master physician scheduling problem. It is a planning problem of assigning physicians’ full range of day-to-day duties (including surgery, clinics, scopes, calls, administration) to the defined time slots/shifts over a time horizon, incorporating a large number of constraints and complex physician preferences. The goals are to satisfy as many physicians’ preferences and duty requirements as possible while ensuring optimum usage of available resources. We propose mathematical programming models that represent different variants of this problem. The models were tested on a real …
Implementation Of Slowly Changing Dimension To Data Warehouse To Manage Marketing Campaigns In Banks, Lihui Wang, Junyu Choy, Michelle L. F. Cheong
Implementation Of Slowly Changing Dimension To Data Warehouse To Manage Marketing Campaigns In Banks, Lihui Wang, Junyu Choy, Michelle L. F. Cheong
Research Collection School Of Computing and Information Systems
Management of updating and recording campaign leads in data warehouse of any banking environment is complex especially with multiple campaigns are active simultaneously. As a way to avoid overly contacting customers for sales-based marketing contacts, the concept of Recency Frame is introduced to “lock” the customers who are targeted in Sales-based campaign for a specified time period. During this Recency Frame, the customer cannot be targeted by other Sales-based campaign under the same channel. This approach increased the difficulties of managing the customers’ data with proper data updating and storing and procedures have to be placed and made sufficiently robust …
Tesla: An Energy-Saving Agent That Leverages Schedule Flexibility, Jun Young Kwak, Pradeep Varakantham, Rajiv Maheswaran, Burcin Becerik-Gerber, Milind Tambe
Tesla: An Energy-Saving Agent That Leverages Schedule Flexibility, Jun Young Kwak, Pradeep Varakantham, Rajiv Maheswaran, Burcin Becerik-Gerber, Milind Tambe
Research Collection School Of Computing and Information Systems
This innovative application paper presents TESLA, an agent-based application for optimizing the energy use in commercial buildings. TESLA’s key insight is that adding flexibility to event/meeting schedules can lead to significant energy savings. TESLA provides three key contributions: (i) three online scheduling algorithms that consider flexibility of people’s preferences for energyefficient scheduling of incrementally/dynamically arriving meetings and events; (ii) an algorithm to effectively identify key meetings that lead to significant energy savings by adjusting their flexibility; and (iii) surveys of real users that indicate that TESLA’s assumptions exist in practice. TESLA was evaluated on data of over 110,000 meetings held …
Decision Support For Assorted Populations In Uncertain And Congested Environments, Pradeep Reddy Varakantham, Asrar Ahmed, Shih-Fen Cheng
Decision Support For Assorted Populations In Uncertain And Congested Environments, Pradeep Reddy Varakantham, Asrar Ahmed, Shih-Fen Cheng
Research Collection School Of Computing and Information Systems
This research is motivated by large scale problems in urban transportation and labor mobility where there is congestion for resources and uncertainty in movement. In such domains, even though the individual agents do not have an identity of their own and do not explicitly interact with other agents, they effect other agents. While there has been much research in handling such implicit effects, it has primarily assumed deterministic movements of agents. We address the issue of decision support for individual agents that are identical and have involuntary movements in dynamic environments. For instance, in a taxi fleet serving a city, …
Uncertain Congestion Games With Assorted Human Agent Populations , Pradeep Reddy Varakantham, Asrar Ahmed, Shih-Fen Cheng
Uncertain Congestion Games With Assorted Human Agent Populations , Pradeep Reddy Varakantham, Asrar Ahmed, Shih-Fen Cheng
Research Collection School Of Computing and Information Systems
Congestion games model a wide variety of real-world resource congestion problems, such as selfish network routing, traffic route guidance in congested areas, taxi fleet optimization and crowd movement in busy areas. However, existing research in congestion games assumes: (a) deterministic movement of agents between resources; and (b) perfect rationality (i.e. maximizing their own expected value) of all agents. Such assumptions are not reasonable in dynamic domains where decision support has to be provided to humans. For instance, in optimizing the performance of a taxi fleet serving a city, movement of taxis can be involuntary or nondeterministic (decided by the specific …
Automated Parameter Tuning Framework For Heterogeneous And Large Instances: Case Study In Quadratic Assignment Problem, Linda Lindawati, Zhi Yuan, Hoong Chuin Lau, Feida Zhu
Automated Parameter Tuning Framework For Heterogeneous And Large Instances: Case Study In Quadratic Assignment Problem, Linda Lindawati, Zhi Yuan, Hoong Chuin Lau, Feida Zhu
Research Collection School Of Computing and Information Systems
This paper is concerned with automated tuning of parameters of algorithms to handle heterogeneous and large instances. We propose an automated parameter tuning framework with the capability to provide instance-specific parameter configurations. We report preliminary results on the Quadratic Assignment Problem (QAP) and show that our framework provides a significant improvement on solutions qualities with much smaller tuning computational time.
Regret Based Robust Solutions For Uncertain Markov Decision Processes, Asrar Ahmed, Pradeep Reddy Varakantham, Yossiri Adulyasak, Patrick Jaillet
Regret Based Robust Solutions For Uncertain Markov Decision Processes, Asrar Ahmed, Pradeep Reddy Varakantham, Yossiri Adulyasak, Patrick Jaillet
Research Collection School Of Computing and Information Systems
In this paper, we seek robust policies for uncertain Markov Decision Processes (MDPs). Most robust optimization approaches for these problems have focussed on the computation of maximin policies which maximize the value corresponding to the worst realization of the uncertainty. Recent work has proposed minimax regret as a suitable alternative to the maximin objective for robust optimization. However, existing algorithms for handling minimax regret are restricted to models with uncertainty over rewards only. We provide algorithms that employ sampling to improve across multiple dimensions: (a) Handle uncertainties over both transition and reward models; (b) Dependence of model uncertainties across state, …
Lagrangian Relaxation For Large-Scale Multi-Agent Planning, Geoffrey J. Gordon, Pradeep Varakantham, William Yeoh, Hoong Chuin Lau, Ajay S. Aravamudhan, Shih-Fen Cheng
Lagrangian Relaxation For Large-Scale Multi-Agent Planning, Geoffrey J. Gordon, Pradeep Varakantham, William Yeoh, Hoong Chuin Lau, Ajay S. Aravamudhan, Shih-Fen Cheng
Research Collection School Of Computing and Information Systems
Multi-agent planning is a well-studied problem with various applications including disaster rescue, urban transportation and logistics, both for autonomous agents and for decision support to humans. Due to computational constraints, existing research typically focuses on one of two scenarios: unstructured domains with many agents where we are content with heuristic solutions, or domains with small numbers of agents or special structure where we can provide provably near-optimal solutions. By contrast, in this paper, we focus on providing provably near-optimal solutions for domains with large numbers of agents, by exploiting a common domain-general property: if individual agents each have limited influence …
Lagrangian Relaxation For Large-Scale Multi-Agent Planning, Geoff Gordon, Pradeep Varakantham, William Yeoh, Hoong Chuin Lau, Shih-Fen Cheng
Lagrangian Relaxation For Large-Scale Multi-Agent Planning, Geoff Gordon, Pradeep Varakantham, William Yeoh, Hoong Chuin Lau, Shih-Fen Cheng
Research Collection School Of Computing and Information Systems
Multi-agent planning is a well-studied problem with various applications including disaster rescue, urban transportation and logistics, both for autonomous agents and for decision support to humans. Due to computational constraints, existing research typically focuses on one of two scenarios: unstructured domains with many agents where we are content with heuristic solutions, or domains with small numbers of agents or special structure where we can provide provably near-optimal solutions. By contrast, in this paper, we focus on providing provably near-optimal solutions for domains with large numbers of agents, by exploiting a common domain-general property: if individual agents each have limited influence …
Knowledge-Driven Autonomous Commodity Trading Advisor, Yee Pin Lim, Shih-Fen Cheng
Knowledge-Driven Autonomous Commodity Trading Advisor, Yee Pin Lim, Shih-Fen Cheng
Research Collection School Of Computing and Information Systems
The myth that financial trading is an art has been mostly destroyed in the recent decade due to the proliferation of algorithmic trading. In equity markets, algorithmic trading has already bypass human traders in terms of traded volume. This trend seems to be irreversible, and other asset classes are also quickly becoming dominated by the machine traders. However, for asset that requires deeper understanding of physicality, like the trading of commodities, human traders still have significant edge over machines. The primary advantage of human traders in such market is the qualitative expert knowledge that requires traders to consider not just …
A Mechanism For Organizing Last-Mile Service Using Non-Dedicated Fleet, Shih-Fen Cheng, Duc Thien Nguyen, Hoong Chuin Lau
A Mechanism For Organizing Last-Mile Service Using Non-Dedicated Fleet, Shih-Fen Cheng, Duc Thien Nguyen, Hoong Chuin Lau
Research Collection School Of Computing and Information Systems
Unprecedented pace of urbanization and rising income levels have fueled the growth of car ownership in almost all newly formed megacities. Such growth has congested the limited road space and significantly affected the quality of life in these megacities. Convincing residents to give up their cars and use public transport is the most effective way in reducing congestion; however, even with sufficient public transport capacity, the lack of last-mile (from the transport hub to the destination) travel services is the major deterrent for the adoption of public transport. Due to the dynamic nature of such travel demands, fixed-size fleets will …
The Patrol Scheduling Problem, Hoong Chuin Lau, Aldy Gunawan
The Patrol Scheduling Problem, Hoong Chuin Lau, Aldy Gunawan
Research Collection School Of Computing and Information Systems
This paper presents the problem of scheduling security teams to patrol a mass rapid transit rail network of a large urban city. The main objective of patrol scheduling is to deploy security teams to stations at varying time periods of the network subject to rostering as well as security-related constraints. We present a mathematical programming model for this problem. We then discuss the aspect of injecting randomness by varying the start times, the break times for each team as well as the number of visits required for each station according to their reported vulnerability. Finally, we present results for the …
Dynamic Stochastic Orienteering Problems For Risk-Aware Applications, Hoong Chuin Lau, William Yeoh, Pradeep Varakantham, Duc Thien Nguyen
Dynamic Stochastic Orienteering Problems For Risk-Aware Applications, Hoong Chuin Lau, William Yeoh, Pradeep Varakantham, Duc Thien Nguyen
Research Collection School Of Computing and Information Systems
Orienteering problems (OPs) are a variant of the well-known prize-collecting traveling salesman problem, where the salesman needs to choose a subset of cities to visit within a given deadline. OPs and their extensions with stochastic travel times (SOPs) have been used to model vehicle routing problems and tourist trip design problems. However, they suffer from two limitations travel times between cities are assumed to be time independent and the route provided is independent of the risk preference (with respect to violating the deadline) of the user. To address these issues, we make the following contributions: We introduce (1) a dynamic …
Uncertain Congestion Games With Assorted Human Agent Populations, Asrar Ahmed, Pradeep Reddy Varakantham, Shih-Fen Cheng
Uncertain Congestion Games With Assorted Human Agent Populations, Asrar Ahmed, Pradeep Reddy Varakantham, Shih-Fen Cheng
Research Collection School Of Computing and Information Systems
Congestion games model a wide variety of real-world resource congestion problems, such as selfish network routing, traffic route guidance in congested areas, taxi fleet optimization and crowd movement in busy areas. However, existing research in congestion games assumes: (a) deterministic movement of agents between resources; and (b) perfect rationality (i.e. maximizing their own expected value) of all agents. Such assumptions are not reasonable in dynamic domains where decision support has to be provided to humans. For instance, in optimizing the performance of a taxi fleet serving a city, movement of taxis can be involuntary or nondeterministic (decided by the specific …
Bidder Behaviors In Repeated B2b Procurement Auctions, Jong Han Park, Jae Kyu Lee, Hoong Chuin Lau
Bidder Behaviors In Repeated B2b Procurement Auctions, Jong Han Park, Jae Kyu Lee, Hoong Chuin Lau
Research Collection School Of Computing and Information Systems
B2B auctions play a key role in a firm's procurement process. Even though it is known that repetition is a key characteristic of procurement auctions, traditional auctioneers typically have not put in place a suitable mechanism that supports repetitive auctions effectively. In this paper, we empirically investigate what has taken place in repeated procurement auctions based on real world data from a major outsourcing company of MRO (Maintenance, Repair and Operations) items in Korea. From this empirical study, we discovered the followings. First, we discovered that the repeated bidders contribute majority of all bids, and that the number of new …