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Steffen Klosterhalfen Gudrun KiesmüllerStefan Minner 《International Journal of Production Economics》2011,133(1):302-311
We analyze a single-product, periodic-review, stochastic demand inventory model with backorders and two supply options, a regular and a more expensive expedited one, with deterministic, offsetting lead times. Since the optimal policy for such a problem is generally unknown, several simpler policies have been proposed in the literature, e.g., the single-index (SIP), dual-index (DIP), or constant-order policy (COP). In previous research the DIP has been found to perform closely to the optimal policy in specific numerical settings. The COP, on the other hand, is very appealing from a practical point of view. We explore the relative cost performance of these two policies in a numerical study to gain insights into appropriate policy choices. We find that in settings, where dual sourcing is most valuable, the simpler COP delivers satisfactory results, sometimes even better ones than the DIP, and therefore represents a legitimate policy alternative for practical situations. 相似文献
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Nadine Gatzert Gudrun Hoermann† Hato Schmeiser‡ 《The Journal of risk and insurance》2009,76(4):887-908
Life insurers often claim that the life settlement industry reduces their surrender profits and leads to an adverse shift in their portfolio of insured risks; that is, high risks remain in the portfolio instead of surrendering. In this article, we aim to quantify the effect of altered surrender behavior––subject to the health status of an insured––in a portfolio of life insurance contracts on the surrender profits of primary insurers. Our model includes mortality heterogeneity by applying a stochastic frailty factor to a mortality table. We additionally analyze the impact of the premium payment method by comparing results for annual and single premium payments. 相似文献
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Gorman Daniel Hoermann Simon Lindeman Robert W. Shahri Bahareh 《International Journal of Technology and Design Education》2022,32(3):1659-1677
International Journal of Technology and Design Education - The use of Virtual Reality (VR) technology combined with 360-degree images and videos provide an opportunity for teachers to bring... 相似文献