Related papers: Pricing service maintenance contracts using predic…
Maintenance scheduling is a complex decision-making problem in the production domain, where a number of maintenance tasks and resources has to be assigned and scheduled to production entities in order to prevent unplanned production…
Emergence of uniquely addressable embeddable devices has raised the bar on Telematics capabilities. Though the technology itself is not new, its application has been quite limited until now. Sensor based telematics technologies generate…
The goal of predictive maintenance is to forecast the occurrence of faults of an appliance, in order to proactively take the necessary actions to ensure its availability. In many application scenarios, predictive maintenance is applied to a…
This paper presents a reliability life analysis and preventive maintenance schedule for ducted wind turbines. Ducted wind turbines (DWT) are an emerging segment of the renewable energy industry with innovations that promise reliable,…
Predicting a customer's propensity-to-pay at an early point in the revenue cycle can provide organisations many opportunities to improve the customer experience, reduce hardship and reduce the risk of impaired cash flow and occurrence of…
Large electricity customers (e.g., large data centers) can exhibit huge and variable electricity demands, which poses significant challenges for the electricity suppliers to plan for sufficient capacity. Thus, it is desirable to design…
A common assumption in financial engineering is that the market price for any derivative coincides with an objectively defined risk-neutral price - a plausible assumption only if traders collectively possess objective knowledge about the…
Recent years have seen an unprecedented growth in the use of sensor data to guide wind farm operations and maintenance. Emerging sensor-driven approaches typically focus on optimal maintenance procedures for single turbine systems, or model…
Dynamic pricing is commonly used to regulate congestion in shared service systems. This paper is motivated by the fact that in the presence of users with varying price sensitivity (responsiveness), conventional monotonic pricing can lead to…
We study the robust sequential screening problem of a monopolist seller of multiple cloud computing services facing a buyer who has private information about his demand distribution for these services. At the time of contracting, the buyer…
Forecasting accuracy is routinely optimised in financial prediction tasks even though investment and risk-management decisions are executed under transaction costs, market impact, capacity limits, and binding risk constraints. This paper…
The unprecedented growth of the global Internet traffic, coupled with the large spatio-temporal fluctuations that create, to some extent, predictable tidal traffic conditions, are motivating the evolution from reactive to proactive and…
Traditionally, network operators have used simple flat-rate broadband data plans for both wired and wireless network access. But today, with the popularity of mobile devices and exponential growth of apps, videos, and clouds, service…
Load-serving entities which procure electricity from the wholesale electricity market to service end-users face significant quantity and price risks due to the volatile nature of electricity demand and quasi-fixed residential tariffs at…
We study optimal service pricing in server farms where customers arrive according to a renewal process and have independent and identical ($i.i.d.$) exponential service times and $i.i.d.$ valuations of the service. The service provider…
We introduce a new class of adaptive policies called periodic-affine policies, that allows a decision maker to optimally manage and control large-scale newsvendor networks in the presence of uncertain demand without distributional…
This paper considers appointment scheduling in a setting in which at every client arrival the schedule of all future clients can be adapted. Starting our analysis with an explicit treatment of the case of exponentially distributed service…
Motivated by a growing market that involves buying and selling data over the web, we study pricing schemes that assign value to queries issued over a database. Previous work studied pricing mechanisms that compute the price of a query by…
In the Engineering discipline, predictive maintenance techniques play an essential role in improving system safety and reliability of industrial machines. Due to the adoption of crucial and emerging detection techniques and big data…
We study discrete-time predictable forward processes when trading times do not coincide with performance evaluation times in a binomial tree model for the financial market. The key step in the construction of these processes is to solve a…