Allocative inefficiencies in online auction markets can result in the loss of revenues for sellers. It can also cause frustration for buyers who fail to win an item despite placing bids higher than other winners. The main contention of this work is that allocative inefficiencies present arbitrage opportunities, though not strictly in the traditional financial market sense, where risk-free profi...

performance   evaluation in regular periods is one of the ways in which organizations can   evaluate their performance as well as weak and strong points unifiedly and   precisely. these days, mathematical models are also used to evaluate the   efficiency and productivity of various units. these units are a collection of   education, research and service activities as input and output factors an...

The trade-off between retrieval efficiency and effectiveness naturally arises in various domains of information retrieval research. In this paper, we argue that the users’ reaction to the system efficiency should be incorporated into the cascade model of the user behaviour and that an effectiveness-aware modification of a state-of-the-art evaluation metric can be derived. We propose to base the...

Discrete multi-criteria decision problems with numerous Pareto-efficient solution candidates place a significant cognitive burden on the decision maker. An interactive, aspiration-based search process that iteratively progresses toward the most preferred solution can alleviate this task. In this paper, we study three ways of representing such problems in a DSS, and compare them in a laboratory ...

Coevolution can in principle provide progress for problems where no accurate evaluation function is available. An important open question however is how coevolution can be set up such that progress can be ensured. Previous work has provided progress guarantees either for limited cases or using strict acceptance conditions that can result in stalling. We present a monotonically improving archive...

We present in this paper a general network DEA approach to deal with efficiency assessments in multi-stage processes. Our approach complies with the composition paradigm, where the efficiencies of the stages are estimated first and the overall efficiency of the system is obtained ex post. We use multi-objective programming as modeling framework. This provides us the means to assess unique and u...