Agent-Based Simulation Model for Profit Maximization

DSS Model for Profit Maximization at Customer Enquiry Evaluation Stage

This paper presents an optimal method and a heuristic approach which aims at maximizing the profit when responding to a set of customer enquiries under limited capacity. The model takes into consideration the quantity of available-to-promise (ATP) which measures the capability to fill customer orders, along with enquiry quantity and product price. The optimal method and the heuristic approach a...

Agent-Based Simulation Model for Managing Disruptions

An essential activity in managing an emergency is planning, preparation, and training for it. The harmful consequences can be diminished if accurate safety metrics are incorporated before. This leads to the simulation of an emergency event which is required to devise a roadmap, evaluate the effectiveness of numerous possible scenarios and thereby mitigate the damages significantly. An agent-bas...

Optimal Ad-Ranking for Profit Maximization

Despite the enormous commercial importance of on-line advertisements (ads), there has been little work done to clarify the basis for ranking and displaying them. Most existing methods rank ads as if the user views each of them in isolation. We will consider a more realistic user model that induces three mutual influences between displayed ads: (i) positional bias (for viewing ads placed higher ...

Profit Maximization Based on Customer Satisfaction Level in a Multi- Layer Multi-Product Supply Chain

This paper concerns with a mathematical model considering customer satisfaction requirements in a supply chain. The model tradeoffs the supply chain ability to fulfill the customers’ requirements and the limited budget in a variety of production phases. The decisions made here help to determine the profit provider price and economic quantity while the effective supplier and priori requireme...

Customer Selection and Profit Maximization