This study investigates the value of inventory sharing in the presence of spot and forward markets. We consider a multi‐period setting where two firms process a common commodity to meet stochastic demands. They can buy and sell the commodity through both the spot and forward markets. They can also share the commodity if one has leftover inventory while the other has excess demand. We first characterize the equilibrium strategies of the two firms. Our analysis reveals that in such a context, the value of inventory sharing is low when the forward price is directly used to value the sharing transactions. We then develop a structured trans‐shipment price scheme that uses a linear combination of the spot and forward prices. We show that this method can substantially increase the value of inventory sharing. Our analysis also reveals that in the presence of liquid spot and forward markets, the value of inventory sharing mainly results from the difference of the transaction costs, and it increases if the market in which firms operate becomes more competitive. 相似文献
Improper value of the parameter p in robust constraints will result in no feasible solutions while applying stochastic p-robustness optimization approach (p-SRO) to solving facility location problems under uncertainty. Aiming at finding the lowest critical p-value of parameter p and corresponding robust optimal solution, we developed a novel robust optimization approach named as min-p robust optimization approach (min-pRO) for P-median problem (PMP) and fixed cost P-median problem (FPMP). Combined with the nearest allocation strategy, the vertex substitution heuristic algorithm is improved and the influencing factors of the lowest critical p-value are analyzed. The effectiveness and performance of the proposed approach are verified by numerical examples. The results show that the fluctuation range of data is positively correlated with the lowest critical p-value with given number of new facilities. However, the number of new facilities has a different impact on lowest critical p-value with the given fluctuation range of data. As the number of new facilities increases, the lowest critical p-value for PMP and FPMP increases and decreases, respectively.
Conceptualization of national human resource development (NHRD) emphasizes that it is an ongoing development process of the individual that is shaped by context. However, the extant literature has focused primarily on describing and evaluating NHRD policies and interventions in different countries with limited consideration of NHRD across the lifespan and the interaction of life stage with context. Using ecological systems theory (EST) and a lifespan development perspective (LDP), we present a systematic review of the NHRD literature based on 310 sources. We identify key themes and gaps in research across the lifespan and at distinct levels of the ecological system. We build on this review to suggest future research informed by both EST and an LDP. We propose a future research agenda focused on several key areas, including: the developing individual as the primary focus of NHRD; the dynamic relationship between NHRD microsystems and how this evolves over time; the exosystem and macrosystem, which provide the context of the NHRD development experience for the individual over their lifespan; and the imperatives of directing research attention to top-down and bottom-up influences within the ecological system. We also propose three methodological innovations to address many of the questions raised by our review, drawing on national archive databases, the use of historical methods and a focus on longitudinal data analysis. Finally, we highlight the practical implications of our analysis for ecosystem and microsystem NHRD actors. 相似文献
Journal of Combinatorial Optimization - In this paper, we introduce a novel interpreting framework that learns an interpretable model based on an ontology-based sampling technique to explain... 相似文献