We consider a supply chain in which a manufacturer sells to a procure-to-stock retailer facing a newsvendor problem with a forecast update. Under a wholesale price contract, the retailer waits as long as she can and optimally places her order after observing the forecast update. We show that the retailer’s wait-and-decide strategy, induced by the wholesale price contract, hinders the manufactur...

ground penetrating radar (gpr) is one of high resolution geophysical methods for locating missed objects, buried equipments. gpr is a nondestructive testing method that is useful in various kinds of explorations such as mapping the archaeological sites. the safety of the archaeological sites is one of the most concerns of the archaeologists. one of the best gpr applications is in archaeology as...

0

in the current seismic data acquisition techniques, sources are fired with large time intervals in order to avoid interferences between the responses of successively firing sources, measured by the receivers. this leads to a time-consuming and expensive survey. theoretically the waiting time between two successively firing sources has to be infinite, since the wavefield never vanishes completel...

With the introduction of the Euro, a single European money market has emerged. Further wholesale financial markets are considered to be highly integrated within the European Union. However, integration in retail financial markets is less advanced. For measuring financial market integration this distinction between wholesale and retail markets becomes crucial. There is a wide literature relating...

This paper details the development and evaluation of AstonTAC, an energy broker that successfully participated in the 2012 Power Trading Agent Competition (Power TAC). AstonTAC buys electrical energy from the wholesale market and sells it in the retail market. The main focus of the paper is on the broker’s bidding strategy in the wholesale market. In particular, it employs Markov Decision Proce...