On the Egalitarian-Utilitarian spectrum in stochastic capacitated resource allocation problems
dc.authorid | Delen, Dursun/0000-0001-8857-5148 | |
dc.authorid | Firouz, Mohammad/0000-0002-1480-8356 | |
dc.authorwosid | Delen, Dursun/AGA-9892-2022 | |
dc.contributor.author | Li, Linda | |
dc.contributor.author | Firouz, Mohammad | |
dc.contributor.author | Ahmed, Abdulaziz | |
dc.contributor.author | Delen, Dursun | |
dc.date.accessioned | 2024-05-19T14:39:56Z | |
dc.date.available | 2024-05-19T14:39:56Z | |
dc.date.issued | 2023 | |
dc.department | İstinye Üniversitesi | en_US |
dc.description.abstract | In 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.doi | 10.1016/j.ijpe.2023.108900 | |
dc.identifier.issn | 0925-5273 | |
dc.identifier.issn | 1873-7579 | |
dc.identifier.scopus | 2-s2.0-85159851736 | en_US |
dc.identifier.scopusquality | Q1 | en_US |
dc.identifier.uri | https://doi.org10.1016/j.ijpe.2023.108900 | |
dc.identifier.uri | https://hdl.handle.net/20.500.12713/4877 | |
dc.identifier.volume | 262 | en_US |
dc.identifier.wos | WOS:001009203000001 | en_US |
dc.identifier.wosquality | N/A | en_US |
dc.indekslendigikaynak | Web of Science | en_US |
dc.indekslendigikaynak | Scopus | en_US |
dc.language.iso | en | en_US |
dc.publisher | Elsevier | en_US |
dc.relation.ispartof | International Journal of Production Economics | en_US |
dc.relation.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
dc.rights | info:eu-repo/semantics/closedAccess | en_US |
dc.snmz | 20240519_ka | en_US |
dc.subject | Chance-Constrained Programming | en_US |
dc.subject | Efficient Frontier | en_US |
dc.subject | Egalitarian | en_US |
dc.subject | Resource Allocation | en_US |
dc.subject | Stochastic Capacities | en_US |
dc.subject | Utilitarian | en_US |
dc.title | On the Egalitarian-Utilitarian spectrum in stochastic capacitated resource allocation problems | en_US |
dc.type | Article | en_US |