On the Egalitarian-Utilitarian spectrum in stochastic capacitated resource allocation problems

dc.authoridDelen, Dursun/0000-0001-8857-5148
dc.authoridFirouz, Mohammad/0000-0002-1480-8356
dc.authorwosidDelen, Dursun/AGA-9892-2022
dc.contributor.authorLi, Linda
dc.contributor.authorFirouz, Mohammad
dc.contributor.authorAhmed, Abdulaziz
dc.contributor.authorDelen, Dursun
dc.date.accessioned2024-05-19T14:39:56Z
dc.date.available2024-05-19T14:39:56Z
dc.date.issued2023
dc.departmentİstinye Üniversitesien_US
dc.description.abstractIn this paper, we study a generalized resource allocation problem where a limited resource is to be allocated to a set of agencies with stochastic receiving capacities while taking into account the decision-maker's preference towards equity in allocation. Taking the empiric distributional nature of the capacities into account, we formulate the problem in a chance-constrained based Mixed-Integer Programming framework with user -specified reliability and tolerance levels as well as equity preference level. We show that the problem can be conveniently reduced to a linear equivalent with adjusted capacity constraints. Deriving the tightest lower and upper bounds corresponding to the utilitarian and egalitarian perspectives, respectively, we give the closed -form optimal solutions for such cases. Using real data, we test the behavior of our model with a view towards the inherent equity-efficiency as well as reliability-efficiency trade-offs. We further characterize the cost and value of information in a detailed analysis.en_US
dc.identifier.doi10.1016/j.ijpe.2023.108900
dc.identifier.issn0925-5273
dc.identifier.issn1873-7579
dc.identifier.scopus2-s2.0-85159851736en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.urihttps://doi.org10.1016/j.ijpe.2023.108900
dc.identifier.urihttps://hdl.handle.net/20.500.12713/4877
dc.identifier.volume262en_US
dc.identifier.wosWOS:001009203000001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.relation.ispartofInternational Journal of Production Economicsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.snmz20240519_kaen_US
dc.subjectChance-Constrained Programmingen_US
dc.subjectEfficient Frontieren_US
dc.subjectEgalitarianen_US
dc.subjectResource Allocationen_US
dc.subjectStochastic Capacitiesen_US
dc.subjectUtilitarianen_US
dc.titleOn the Egalitarian-Utilitarian spectrum in stochastic capacitated resource allocation problemsen_US
dc.typeArticleen_US

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