Art of the Problem on MSN
The dice roll problem: How probability shapes efficient communication
When Alice and Bob need to transmit dice rolls across a noisy wire, they discover that optimal communication isn't about treating all messages equally, but about assigning shorter signals to more ...
Abstract: This paper studies a two-stage newsvendor problem with two suppliers, where the retailer's loss aversion and probability weighting effects are considered. We solve the model by backward ...
Abstract: The multidimensional knapsack problem (MKP) is a well-known combinatorial optimization problem with many real-life applications. In this article, a memetic algorithm based on probability ...
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