Events

In creating a new partnership (“syndicate”), what division of uncertain future profit should the parties select? We consider partnerships with no substantial initial investment and no moral hazard. Parties may differ in risk attitudes and beliefs. The common approach is bargaining. We take a different approach: One party proposes to the other a contract, similarly to the principal-agent approach.

Pallets are the most common form of packaging in the retail industry. Their building involves the solution of a three-dimensional packing problem with side practical constraints such as item support and pallet stability, leading to what is known as the mixed-case palletization problem. Motivated by the fact that solving industry-size instances is still very challenging for current methods, we propose a new solution methodology that combines data analysis at the instance level and optimization to build pallets.

Supervisor(s):

Fatih Erenay, Management Sciences

Osman Yalin Ozaltin (remote), Management Sciences

In recent years, long wait times for healthcare services have become a challenge in most healthcare delivery systems in Canada.

Existing leadership theories tend to explain that leaders induce others to follow as a function of one or more of the following:

i) A specific set of traits possessed by the leader (e.g., charisma);

ii) Different types of behaviours the leader exhibits depending on the situation (e.g., a focus on tasks or a focus on relationships);

iii) Specifics relating to the structure and dynamics of the leader-follower relationship (e.g., economic, social, or psychological exchange, or a 'customized' focus on the 'follower').

Area of Research:

Information Systems

Committee Chair:

Stan Potapenko, Civil & Environmental Engineering

Examining Committee:

Stanko Dimitrov, Management Sciences (supervisor)

Fatih Erenay, Management Sciences

James Bookbinder, Management Sciences

Liping Fu, Civil & Environmental Engineering

Area of Research

Management of Technology

Committee Chair

Sagar Naik, Electrical & Computer Engineering

Examining Committee

Frank Safayeni, Management Sciences

Elizabeth Jewkes, Management Sciences

Robert Duimering, Management Sciences

Nada Basir, Conrad Centre - CBET
 

Consider a buyer participating in a repeated auction, such as those prevalent in display advertising. How would she test whether the auction is incentive compatible? To bid effectively, she is interested in whether the auction is single-shot incentive compatible—a pure second-price auction, with fixed reserve price, and also dynamically incentive compatible—her bids are not used to set future reserve prices. In this work we develop tests based on simple bid perturbations that a buyer can use to answer these questions, with a focus on dynamic incentive compatibility.

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Accounting for the adverse impact of "non-average" events has become essential in many applications involving decision making under uncertainty. Its implementation through decision models, namely stochastic programs, requires careful measurement of risk that reflects one's concern about uncertain outcomes. Important theories such as convex risk measures outline conditions required for risk measurement but provide little guidance for cases not meeting the conditions. Unfortunately, such cases are more than common in real-life situations.