We consider the problem of efficient mechanism design for multilateral trading of multiple goods with independent private types for players and incomplete information among them. The problem is partly motivated by an efficient resource allocation problem in communication networks where there are both buyers and sellers. In such a setting, ex post budget balance and individual rationality are ke...

We consider online stratified sampling for Monte Carlo estimation of the integral of a function given a finite budget n of noisy evaluations to the function. In this paper we address the problem of choosing the best number K of strata as a function of n. A large K provides a high quality stratification where an accurate estimate of the integral of f could be computed by an optimal oracle alloca...

Department of Systems Engineering and Operations Research George Mason University, Fairfax, VA 22030, USA [email protected] [email protected] Abstract We present a simulation run allocation scheme for improving efficiency in simulation experiments for decision making under uncertainty. This scheme is called Optimal Computing Budget Allocation (OCBA). OCBA advances the state-of-the-art by intelligently ...

In energetic terms, fitness may be seen to be dependent on successful allocation of energy between life-history traits. In addition, fitness will be constrained by the energy allocation ability, which has also been defined as condition. We suggest here that the allocation ability, estimated as the difference between total energy budget and maintenance metabolism, may be used as a measure of con...

The issues of disparities, regional imbalance development and attempt to reducing development disparities among various regions have been attracted considerable attention among researchers, planners and policy makers. In this regard, this study employs a mathematical programing model for budget resources allocation among Iran provinces in order to development disparities reduction among them. I...