Pub Date : 2025-09-15DOI: 10.1016/j.orl.2025.107363
Gadi Fibich, Amit Golan, Steven Schochet
We analyze the Bass and SI models for the spreading of innovations and epidemics, respectively, on homogeneous complete networks, on one-dimensional networks, and on heterogeneous two-groups complete networks. We allow the network parameters to be time dependent, which is a prerequisite for the analysis of optimal promotional strategies on networks. Using a novel top-down analysis of the master equations, we present a simple proof for the monotone convergence of these models to their respective infinite-population limits. This leads to explicit expressions for the expected adoption or infection level in the Bass and SI models with time-dependent parameters on infinite homogeneous complete and circular networks, and on heterogeneous two-groups complete networks.
{"title":"Monotone convergence of spreading processes on networks","authors":"Gadi Fibich, Amit Golan, Steven Schochet","doi":"10.1016/j.orl.2025.107363","DOIUrl":"10.1016/j.orl.2025.107363","url":null,"abstract":"<div><div>We analyze the Bass and SI models for the spreading of innovations and epidemics, respectively, on homogeneous complete networks, on one-dimensional networks, and on heterogeneous two-groups complete networks. We allow the network parameters to be time dependent, which is a prerequisite for the analysis of optimal promotional strategies on networks. Using a novel top-down analysis of the master equations, we present a simple proof for the monotone convergence of these models to their respective infinite-population limits. This leads to explicit expressions for the expected adoption or infection level in the Bass and SI models with time-dependent parameters on infinite homogeneous complete and circular networks, and on heterogeneous two-groups complete networks.</div></div>","PeriodicalId":54682,"journal":{"name":"Operations Research Letters","volume":"64 ","pages":"Article 107363"},"PeriodicalIF":0.9,"publicationDate":"2025-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145098697","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-09-11DOI: 10.1016/j.orl.2025.107364
Martin Frohn, Steven Kelk, Simona Vychytilova
We propose the first branch-&-price algorithm for the maximum agreement forest problem on unrooted binary trees: given two unrooted X-labelled binary trees we seek to partition X into a minimum number of blocks such that the induced subtrees are disjoint and have the same topologies in both trees. We provide a dynamic programming algorithm for the weighted maximum agreement subtree problem to solve the pricing problem. When combined with rigorous polynomial-time pre-processing our branch-&-price algorithm exhibits (beyond) state-of-the-art performance.
{"title":"A branch-&-price approach to the unrooted maximum agreement forest problem","authors":"Martin Frohn, Steven Kelk, Simona Vychytilova","doi":"10.1016/j.orl.2025.107364","DOIUrl":"10.1016/j.orl.2025.107364","url":null,"abstract":"<div><div>We propose the first branch-&-price algorithm for the maximum agreement forest problem on unrooted binary trees: given two unrooted <em>X</em>-labelled binary trees we seek to partition <em>X</em> into a minimum number of blocks such that the induced subtrees are disjoint and have the same topologies in both trees. We provide a dynamic programming algorithm for the weighted maximum agreement subtree problem to solve the pricing problem. When combined with rigorous polynomial-time pre-processing our branch-&-price algorithm exhibits (beyond) state-of-the-art performance.</div></div>","PeriodicalId":54682,"journal":{"name":"Operations Research Letters","volume":"63 ","pages":"Article 107364"},"PeriodicalIF":0.9,"publicationDate":"2025-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145048429","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-09-11DOI: 10.1016/j.orl.2025.107365
Vincent Leclère , Andy Philpott
We present a model of a commodity auction in which sellers and buyers (agents) represent risk using coherent risk measures. These are communicated to the auctioneer who computes socially optimal transactions assuming complete risk trading. The model is applied to economic dispatch and system marginal prices in a single-settlement wholesale electricity pool under uncertainty. If agents' risk measures are known by the system operator then prices form a socially optimal dispatch which is revenue adequate and recovers agents' costs in risk-adjusted expectation. We construct a non-cooperative game to show that agents have incentives to misrepresent their risk measures to improve their risk-adjusted profit.
{"title":"Strategic behavior of risk-averse agents under stochastic market clearing","authors":"Vincent Leclère , Andy Philpott","doi":"10.1016/j.orl.2025.107365","DOIUrl":"10.1016/j.orl.2025.107365","url":null,"abstract":"<div><div>We present a model of a commodity auction in which sellers and buyers (agents) represent risk using coherent risk measures. These are communicated to the auctioneer who computes socially optimal transactions assuming complete risk trading. The model is applied to economic dispatch and system marginal prices in a single-settlement wholesale electricity pool under uncertainty. If agents' risk measures are known by the system operator then prices form a socially optimal dispatch which is revenue adequate and recovers agents' costs in risk-adjusted expectation. We construct a non-cooperative game to show that agents have incentives to misrepresent their risk measures to improve their risk-adjusted profit.</div></div>","PeriodicalId":54682,"journal":{"name":"Operations Research Letters","volume":"63 ","pages":"Article 107365"},"PeriodicalIF":0.9,"publicationDate":"2025-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145104306","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-09-11DOI: 10.1016/j.orl.2025.107362
Hung Q. Nguyen , Tuan Phung-Duc
We study a two-population strategic queueing game in a double-ended system with nonzero matching times, where agents choose to join or balk. The resulting multi-dimensional state complicates analysis, but it can be shown that one dimension can be omitted in subgame perfect Nash equilibrium. The equilibrium strategies are threshold-based. Numerical results show that targeting one side with optimal pricing can improve social welfare, offering insights for system design.
{"title":"Subgame perfect Nash equilibrium analysis in a two-population strategic matching queue with nonzero matching times","authors":"Hung Q. Nguyen , Tuan Phung-Duc","doi":"10.1016/j.orl.2025.107362","DOIUrl":"10.1016/j.orl.2025.107362","url":null,"abstract":"<div><div>We study a two-population strategic queueing game in a double-ended system with nonzero matching times, where agents choose to join or balk. The resulting multi-dimensional state complicates analysis, but it can be shown that one dimension can be omitted in subgame perfect Nash equilibrium. The equilibrium strategies are threshold-based. Numerical results show that targeting one side with optimal pricing can improve social welfare, offering insights for system design.</div></div>","PeriodicalId":54682,"journal":{"name":"Operations Research Letters","volume":"63 ","pages":"Article 107362"},"PeriodicalIF":0.9,"publicationDate":"2025-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145060550","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-09-11DOI: 10.1016/j.orl.2025.107366
Wang Chen , Yong Zhao , Liping Tang , Xinmin Yang
This paper focuses on developing the conditional gradient algorithm with adaptive step size for multiobjective optimization problems on unbounded feasible regions. By employing the recession cone, we establish the well-defined nature of the algorithm. Under mild assumptions, we obtain the asymptotic convergence property and the iteration-complexity bound. Furthermore, a new variant of the algorithm is proposed, and the rate of convergence of this variant is obtained. Numerical experiments are conducted to verify the performance of the algorithms.
{"title":"On the convergence of conditional gradient method for unbounded multiobjective optimization problems","authors":"Wang Chen , Yong Zhao , Liping Tang , Xinmin Yang","doi":"10.1016/j.orl.2025.107366","DOIUrl":"10.1016/j.orl.2025.107366","url":null,"abstract":"<div><div>This paper focuses on developing the conditional gradient algorithm with adaptive step size for multiobjective optimization problems on unbounded feasible regions. By employing the recession cone, we establish the well-defined nature of the algorithm. Under mild assumptions, we obtain the asymptotic convergence property and the iteration-complexity bound. Furthermore, a new variant of the algorithm is proposed, and the rate of convergence of this variant is obtained. Numerical experiments are conducted to verify the performance of the algorithms.</div></div>","PeriodicalId":54682,"journal":{"name":"Operations Research Letters","volume":"63 ","pages":"Article 107366"},"PeriodicalIF":0.9,"publicationDate":"2025-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145048431","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-09-09DOI: 10.1016/j.orl.2025.107367
Wenhao Du , Qizhi He , Tengteng Cao , Junjun Wu
We develop a supply chain model with endogenous interest rate to analyze the collaboration between digital business platforms and technology enterprises in emerging markets, focusing on how platform digital empowerment (PDE) and intellectual property protection (IPP) influence open innovation. We analyze static and dynamic equilibria under bank and platform financing strategies, explore the threshold effect of PDE and the nonlinear influence of IPP, and analyze profit variations among supply chain members under different channel power structures.
{"title":"Intellectual property protection and platform digitalization empowering technology entrepreneurship in emerging markets","authors":"Wenhao Du , Qizhi He , Tengteng Cao , Junjun Wu","doi":"10.1016/j.orl.2025.107367","DOIUrl":"10.1016/j.orl.2025.107367","url":null,"abstract":"<div><div>We develop a supply chain model with endogenous interest rate to analyze the collaboration between digital business platforms and technology enterprises in emerging markets, focusing on how platform digital empowerment (PDE) and intellectual property protection (IPP) influence open innovation. We analyze static and dynamic equilibria under bank and platform financing strategies, explore the threshold effect of PDE and the nonlinear influence of IPP, and analyze profit variations among supply chain members under different channel power structures.</div></div>","PeriodicalId":54682,"journal":{"name":"Operations Research Letters","volume":"63 ","pages":"Article 107367"},"PeriodicalIF":0.9,"publicationDate":"2025-09-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145048430","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-09-03DOI: 10.1016/j.orl.2025.107360
Purushottam Parthasarathy , Avinash Bhardwaj , Manjesh K. Hanawal
We revisit the online portfolio allocation problem that seeks to maximize the long term portfolio growth rate. We propose a new technique that modifies the concentration parameter of the Dirichlet distribution to incorporate cross-sectional return forecasts into the universal portfolio. We analytically establish that under certain conditions, the wealth generated by the factor Dirichlet portfolio dominates that generated by its uniform Dirichlet counterpart. We corroborate our analytical results with empirical studies on equity markets.
{"title":"Factor based forecasts in universal portfolios via Dirichlet weights","authors":"Purushottam Parthasarathy , Avinash Bhardwaj , Manjesh K. Hanawal","doi":"10.1016/j.orl.2025.107360","DOIUrl":"10.1016/j.orl.2025.107360","url":null,"abstract":"<div><div>We revisit the online portfolio allocation problem that seeks to maximize the long term portfolio growth rate. We propose a new technique that modifies the concentration parameter of the Dirichlet distribution to incorporate cross-sectional return forecasts into the universal portfolio. We analytically establish that under certain conditions, the wealth generated by the factor Dirichlet portfolio dominates that generated by its uniform Dirichlet counterpart. We corroborate our analytical results with empirical studies on equity markets.</div></div>","PeriodicalId":54682,"journal":{"name":"Operations Research Letters","volume":"63 ","pages":"Article 107360"},"PeriodicalIF":0.9,"publicationDate":"2025-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144996578","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-09-02DOI: 10.1016/j.orl.2025.107361
Karen Aardal , Cor Hurkens , Jan Karel Lenstra
Benders is a household name in optimization, but as a person he was hardly known beyond his circle of colleagues and students. In this brief paper, we review his life and work.
{"title":"Jacques Benders and his decomposition algorithm","authors":"Karen Aardal , Cor Hurkens , Jan Karel Lenstra","doi":"10.1016/j.orl.2025.107361","DOIUrl":"10.1016/j.orl.2025.107361","url":null,"abstract":"<div><div>Benders is a household name in optimization, but as a person he was hardly known beyond his circle of colleagues and students. In this brief paper, we review his life and work.</div></div>","PeriodicalId":54682,"journal":{"name":"Operations Research Letters","volume":"63 ","pages":"Article 107361"},"PeriodicalIF":0.9,"publicationDate":"2025-09-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144988603","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-08-27DOI: 10.1016/j.orl.2025.107359
Yasuhiko Nakamura
This study revisits the differentiated goods duopoly game over an infinite time horizon, where production requires exploiting renewable mobile resources. In this study, we assume that (i) the two firms exhibit additive Kantian behavior and (ii) they produce differentiated goods. We find that the degree of resource mobility does not influence the stable feedback equilibrium outcome from either a short- or long-term perspective if the firm's initial resource stocks are the same.
{"title":"Resource mobility and market performance: Kantian optimization","authors":"Yasuhiko Nakamura","doi":"10.1016/j.orl.2025.107359","DOIUrl":"10.1016/j.orl.2025.107359","url":null,"abstract":"<div><div>This study revisits the differentiated goods duopoly game over an infinite time horizon, where production requires exploiting renewable mobile resources. In this study, we assume that (i) the two firms exhibit additive Kantian behavior and (ii) they produce differentiated goods. We find that the degree of resource mobility does not influence the stable feedback equilibrium outcome from either a short- or long-term perspective if the firm's initial resource stocks are the same.</div></div>","PeriodicalId":54682,"journal":{"name":"Operations Research Letters","volume":"63 ","pages":"Article 107359"},"PeriodicalIF":0.9,"publicationDate":"2025-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144907503","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-08-27DOI: 10.1016/j.orl.2025.107358
Yunbing Li, Wensheng Jia, Shuwen Xiang
This paper investigates hybrid solutions in set payoff games with finite and infinite sets of players, respectively. For finite-player games, we introduce hybrid solutions, establish their existence in finite-dimensional Euclidean spaces using Scarf's theorem (Scarf, 1967 [29]) and the Kakutani fixed point theorem, and extend these results to Hausdorff topological vector spaces. For infinite-player games, we develop the concept of finite-coalition hybrid solutions and prove their existence. Our results generalize the existence of hybrid solutions in n-person games (Zhao, 1992 [12]).
{"title":"On the hybrid solutions of set payoff games","authors":"Yunbing Li, Wensheng Jia, Shuwen Xiang","doi":"10.1016/j.orl.2025.107358","DOIUrl":"10.1016/j.orl.2025.107358","url":null,"abstract":"<div><div>This paper investigates hybrid solutions in set payoff games with finite and infinite sets of players, respectively. For finite-player games, we introduce hybrid solutions, establish their existence in finite-dimensional Euclidean spaces using Scarf's theorem (Scarf, 1967 <span><span>[29]</span></span>) and the Kakutani fixed point theorem, and extend these results to Hausdorff topological vector spaces. For infinite-player games, we develop the concept of finite-coalition hybrid solutions and prove their existence. Our results generalize the existence of hybrid solutions in n-person games (Zhao, 1992 <span><span>[12]</span></span>).</div></div>","PeriodicalId":54682,"journal":{"name":"Operations Research Letters","volume":"63 ","pages":"Article 107358"},"PeriodicalIF":0.9,"publicationDate":"2025-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144913196","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}