A robust optimization of capacity allocation policies in the third-party warehouse
type: Item
instance of: scholarly article
title: A robust optimization of capacity allocation policies in the third-party warehouse
zbMATH Open document ID: 1394.90141
DOI: 10.1155/2015/810798
author: Wei-hong Dong
author: Hongxia Peng
author: Xianhao Xu
published in: Mathematical Problems in Engineering
publication date: 2018-08-27T00:00:00Z
review text: Summary: We study the capacity allocation policies of a third-party warehouse center, which supplies several different level services on different prices with fixed capacity, on revenue management perspective. For the single period situation, we use three different robust methods, absolute robust, deviation robust, and relative robust method, to maximize the whole revenue. Then we give some numerical examples to verify the practical applicability. For the multiperiod situation, as the demand is uncertain, we propose a stochastic model for the multiperiod revenue management problem of the warehouse. A novel robust optimization technique is applied in this model to maximize the whole revenue. Then we give some numerical examples to verify the practical applicability of our method.
Mathematics Subject Classification ID: 90B06
zbMATH DE Number: 6927279
MaRDI profile type: Publication
full work available at URL: https://doi.org/10.1155/2015/810798
OpenAlex ID: W1705308757
Wikidata QID: Q59119967
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description: scientific article; zbMATH DE number 6927279