A combinatorial approach to the classification problem

Article Abstract:

Research was conducted to examine the two-group classification problem on classifying an observation based on its attributes into one of two groups. An efficient algorithm for constructing a linear discriminant function that minimizes the number of misclassified observations from the training sample is presented. Results provide evidence confirming the efficiency of the method.

Research, Usage, Discriminant analysis, Combinatorial analysis, Heuristic programming

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The single-item newsboy problem with dual performance measures and quantity discounts

Article Abstract:

Prototypes for the single-item newsboy problem with quantity discounts and dual performance measures are developed. Dual performance aims to ascertain an optimal order quantity so that the foreseen profit is optimized. A closed form solution determined the best amount to order in zero shortage cost models while numerical computing worked best for positive shortage cost models.

Production Planning & Control, Analysis, Planning, Production control, Industrial management, Production planning

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