Barry Pasternack | California State University, Fullerton (original) (raw)

Papers by Barry Pasternack

Research paper thumbnail of An EOQ Model with Substitutions Between Products

Journal of the Operational Research Society, Jul 1, 1995

used as a generic name for any/all of these. Approaches were therefore included, and indeed did e... more used as a generic name for any/all of these. Approaches were therefore included, and indeed did emerge: for instance core competencies featured in the NZ Strategic Management sample.

Research paper thumbnail of An EOQ Model with Substitutions Between Products

Journal of the Operational Research Society, Jul 1, 1995

used as a generic name for any/all of these. Approaches were therefore included, and indeed did e... more used as a generic name for any/all of these. Approaches were therefore included, and indeed did emerge: for instance core competencies featured in the NZ Strategic Management sample.

Research paper thumbnail of Reprints Available directly from the Editor. Printed in New Zealand. ROBUST ESTIMATION IN CAPITAL ASSET PRICING MODEL

Abstract. Bian and Dickey (1996) developed a robust Bayesian estimator for the vector of regressi... more Abstract. Bian and Dickey (1996) developed a robust Bayesian estimator for the vector of regression coefficients using a Cauchy-type g-prior. This estimator is an adaptive weighted average of the least squares estimator and the prior location, and is of great robustness with respect to flat-tailed sample distribution. In this paper, we introduce the robust Bayesian estimator to the estimation of the Capital Asset Pricing Model (CAPM) in which the distribution of the error component is well-known to be flat-tailed. To support our proposal, we apply both the robust Bayesian estimator and the least squares estimator in the simulation of the CAPM and in the analysis of the CAPM for US annual and monthly stock returns. Our simulation results show that the Bayesian estimator is robust and superior to the least squares estimator when the CAPM is contaminated by large normal and/or non-normal disturbances, especially by Cauchy disturbances. In our empirical study, we find that the robust Ba...

Research paper thumbnail of Applied management science: modeling, spreadsheet analysis, and communication for decision making

Introduction to Management Science Models. Linear and Integer Programming Models. Applications of... more Introduction to Management Science Models. Linear and Integer Programming Models. Applications of Linear and Integer Programming Models. Network Models. Project Scheduling Models. Decision Models. Forecasting. Inventory Models. Queuing Models. Simulation Models. Appendix A: Standard Normal Distribution. Appendix B: Partial Expectations of the Standard Normal Distribution. Appendix C: Pseudo-Random Numbers. Appendix D: t-Distribution. Appendix E: X^2 Distribution. Appendix F: F Distribution. Appendix G: Constants for Quality Control Charts. Appendix H: Critical Values of Spearman's Rank Correlation Coefficient. Glossary. Answers to Selected Problems. Photo Credis. Index.

Research paper thumbnail of Chapter 6 USING REVENUE SHARING TO ACHIEVE CHANNEL COORDINATION FOR A NEWSBOY TYPE INVENTORY MODEL

This chapter considers a single period inventory (newsboy) problem in which a manufacturer will b... more This chapter considers a single period inventory (newsboy) problem in which a manufacturer will both sell the item to the vendor outright as well as offer the item to the vendor on a revenue sharing (consignment) basis. In the latter case, the amount of money the vendor pays per unit is less than if the item is purchased by the vendor, but the vendor must share some of the revenue with the manufacturer. The purpose of our analysis is to investigate the effect of such a strategy on the vendor’s purchasing decision and demonstrate how such a revenue sharing scheme can be used to achieve channel coordination. 1.

Research paper thumbnail of Applied management science: a computer-integrated approach for decision making

An academic directory and search engine.

Research paper thumbnail of The Student Gender Gap at CSUF

fullerton.edu

Colleges and universities across the country are grappling with the case of the mysteriously vani... more Colleges and universities across the country are grappling with the case of the mysteriously vanishing male. Where men once dominated, they now make up no more than 43 percent of students at American institutions of higher learning, according to 2003 statistics, and this downward ...

Research paper thumbnail of Study guide to accompany Anderson, Sweeney, and William's An introduction to management science : qiamtotatove approaches to decision making

Research paper thumbnail of Report of the Faculty Flow Committee

Retrieved …, 2003

For the past two years a committee made up of representatives of the Academic Senate CSU, campus ... more For the past two years a committee made up of representatives of the Academic Senate CSU, campus Provosts/VPAA and AVPAA, and representatives of the Chancellor's Office have studied the issues of faculty recruitment, retirement, and retention (faculty flow) with an ...

Research paper thumbnail of Report of the Faculty Flow Committee

Retrieved …, 2003

For the past two years a committee made up of representatives of the Academic Senate CSU, campus ... more For the past two years a committee made up of representatives of the Academic Senate CSU, campus Provosts/VPAA and AVPAA, and representatives of the Chancellor's Office have studied the issues of faculty recruitment, retirement, and retention (faculty flow) with an ...

Research paper thumbnail of The Capacitated Newsboy Problem with Revenue Sharing

Journal of Applied Mathematics and Decision Sciences, 2001

In this paper we consider a single inventory (newsboy) problem in which the vendor has a limited ... more In this paper we consider a single inventory (newsboy) problem in which the vendor has a limited amount of funds to purchase items to sell. We assume that the manufacturer will either sell the items to the vendor outright or offer the items to the vendor on a revenue sharing (consignment) basis. In the latter case, that amount of money the vendor pays per unit is less than if the items are purchased from the vendor, but the vendor must share some of the revenue with the manufacturer. The purpose of our analysis is to investigate under what circumstances, it would pay for the vendor to only purchase the items from the manufacturer, only take the items on consignment from the manufacturer, or both purchase and take consignment shipments form the manufacturer.

Research paper thumbnail of Managing IT Initiatives at the Largest University System in North America

Research paper thumbnail of Optimal Gambling and Investment Systems Under Discounting and Disbursement

Optimal gambling systems are investigated for games which incur either discounting or disbursemen... more Optimal gambling systems are investigated for games which incur either discounting or disbursement of money. The author studies simple coin tossing games, where the gambler wins his wager with probability p and loses it with probability q = 1 - p, and stock market options. The ...

Research paper thumbnail of Optimal Gambling Systems Under Discounting and Disbursement

Siamam, 1975

Page 1. SlAM J. APPL. MATH. Vol. 29, No. 4, December 1975 OPTIMAL GAMBLING SYSTEMS UNDER DISCOUNT... more Page 1. SlAM J. APPL. MATH. Vol. 29, No. 4, December 1975 OPTIMAL GAMBLING SYSTEMS UNDER DISCOUNTING AND DISBURSEMENT* BARRY ALAN PASTERNACKt Abstract. This paper is concerned with the study ...

Research paper thumbnail of A Note on Determining the Range of Optimality for Decision Analysis Problems

Journal of Mathematical Analysis and Applications, 1999

The method for determining the range over which a state probability may change without affecting ... more The method for determining the range over which a state probability may change without affecting the optimal solution is well documented in introductory management science text books for problems in which there are only two states of nature. For more realistic problems in which there are more than two states of nature, the methodology does not work. In this paper, we extend the approach taken for the two state problem to handle n states and present a simple algorithm for determining the range. ᮊ 1999 Academic Press

Research paper thumbnail of Classroom Note: A note on calculating steady state results for an M/M/k queuing system when the ratio of the arrival rate to the service rate is large

Journal of Applied Mathematics and Decision Sciences, 1998

The formulas for calculating steady state results for the M/M/k queuing system are well known. Co... more The formulas for calculating steady state results for the M/M/k queuing system are well known. Computational difficulties, however, can arise in using these formulas in situations in which the ratio of the arrival rate to the service rate is high. In this paper we consider a recursive approach for calculating steady state results which avoid such computational difficulties. As an additional benefit, such formulas are far easier to program into a spreadsheet package than the traditional formulas presented in most management science texts.

Research paper thumbnail of The videotape rental model

Journal of Applied Mathematics and Decision Sciences, 1999

In this paper we study the situation faced by a videotape rental store which must decide how many... more In this paper we study the situation faced by a videotape rental store which must decide how many copies of a new videotape release it should purchase for rental to customers. A model representing this process is developed and contrasted with the classical newsboy problem.

Research paper thumbnail of Using Revenue Sharing to Achieve Channel Coordination for a Newsboy Type Inventory Model

Applied Optimization, 2000

ABSTRACT This chapter considers a single period inventory (newsboy) problem in which a manufactur... more ABSTRACT This chapter considers a single period inventory (newsboy) problem in which a manufacturer will both sell the item to the vendor outright as well as offer the item to the vendor on a revenue sharing (consignment) basis. In the latter case, the amount of money the vendor pays per unit is less than if the item is purchased by the vendor, but the vendor must share some of the revenue with the manufacturer. The purpose of our analysis is to investigate the effect of such a strategy on the vendor’s purchasing decision and demonstrate how such a revenue sharing scheme can be used to achieve channel coordination.

Research paper thumbnail of Seeing the Doughnut from the Whole: A Response to "Watching the Whole Doughnut

Research paper thumbnail of Filling Out the Doughnuts; The Single Period Inventory Model in Corporate Pricing Policy

Interfaces, Oct 1, 1980

Page 1. INTERFACES Copyright ? 1980, The Institute of Management Sciences Vol. 10, No. 5, October... more Page 1. INTERFACES Copyright ? 1980, The Institute of Management Sciences Vol. 10, No. 5, October 1980 0092-2102/80/1005/0096$01.25 FILLING OUT THE DOUGHNUTS; THE SINGLE PERIOD INVENTORY MODEL IN CORPORATE PRICING POLICY ...

Research paper thumbnail of An EOQ Model with Substitutions Between Products

Journal of the Operational Research Society, Jul 1, 1995

used as a generic name for any/all of these. Approaches were therefore included, and indeed did e... more used as a generic name for any/all of these. Approaches were therefore included, and indeed did emerge: for instance core competencies featured in the NZ Strategic Management sample.

Research paper thumbnail of An EOQ Model with Substitutions Between Products

Journal of the Operational Research Society, Jul 1, 1995

used as a generic name for any/all of these. Approaches were therefore included, and indeed did e... more used as a generic name for any/all of these. Approaches were therefore included, and indeed did emerge: for instance core competencies featured in the NZ Strategic Management sample.

Research paper thumbnail of Reprints Available directly from the Editor. Printed in New Zealand. ROBUST ESTIMATION IN CAPITAL ASSET PRICING MODEL

Abstract. Bian and Dickey (1996) developed a robust Bayesian estimator for the vector of regressi... more Abstract. Bian and Dickey (1996) developed a robust Bayesian estimator for the vector of regression coefficients using a Cauchy-type g-prior. This estimator is an adaptive weighted average of the least squares estimator and the prior location, and is of great robustness with respect to flat-tailed sample distribution. In this paper, we introduce the robust Bayesian estimator to the estimation of the Capital Asset Pricing Model (CAPM) in which the distribution of the error component is well-known to be flat-tailed. To support our proposal, we apply both the robust Bayesian estimator and the least squares estimator in the simulation of the CAPM and in the analysis of the CAPM for US annual and monthly stock returns. Our simulation results show that the Bayesian estimator is robust and superior to the least squares estimator when the CAPM is contaminated by large normal and/or non-normal disturbances, especially by Cauchy disturbances. In our empirical study, we find that the robust Ba...

Research paper thumbnail of Applied management science: modeling, spreadsheet analysis, and communication for decision making

Introduction to Management Science Models. Linear and Integer Programming Models. Applications of... more Introduction to Management Science Models. Linear and Integer Programming Models. Applications of Linear and Integer Programming Models. Network Models. Project Scheduling Models. Decision Models. Forecasting. Inventory Models. Queuing Models. Simulation Models. Appendix A: Standard Normal Distribution. Appendix B: Partial Expectations of the Standard Normal Distribution. Appendix C: Pseudo-Random Numbers. Appendix D: t-Distribution. Appendix E: X^2 Distribution. Appendix F: F Distribution. Appendix G: Constants for Quality Control Charts. Appendix H: Critical Values of Spearman's Rank Correlation Coefficient. Glossary. Answers to Selected Problems. Photo Credis. Index.

Research paper thumbnail of Chapter 6 USING REVENUE SHARING TO ACHIEVE CHANNEL COORDINATION FOR A NEWSBOY TYPE INVENTORY MODEL

This chapter considers a single period inventory (newsboy) problem in which a manufacturer will b... more This chapter considers a single period inventory (newsboy) problem in which a manufacturer will both sell the item to the vendor outright as well as offer the item to the vendor on a revenue sharing (consignment) basis. In the latter case, the amount of money the vendor pays per unit is less than if the item is purchased by the vendor, but the vendor must share some of the revenue with the manufacturer. The purpose of our analysis is to investigate the effect of such a strategy on the vendor’s purchasing decision and demonstrate how such a revenue sharing scheme can be used to achieve channel coordination. 1.

Research paper thumbnail of Applied management science: a computer-integrated approach for decision making

An academic directory and search engine.

Research paper thumbnail of The Student Gender Gap at CSUF

fullerton.edu

Colleges and universities across the country are grappling with the case of the mysteriously vani... more Colleges and universities across the country are grappling with the case of the mysteriously vanishing male. Where men once dominated, they now make up no more than 43 percent of students at American institutions of higher learning, according to 2003 statistics, and this downward ...

Research paper thumbnail of Study guide to accompany Anderson, Sweeney, and William's An introduction to management science : qiamtotatove approaches to decision making

Research paper thumbnail of Report of the Faculty Flow Committee

Retrieved …, 2003

For the past two years a committee made up of representatives of the Academic Senate CSU, campus ... more For the past two years a committee made up of representatives of the Academic Senate CSU, campus Provosts/VPAA and AVPAA, and representatives of the Chancellor's Office have studied the issues of faculty recruitment, retirement, and retention (faculty flow) with an ...

Research paper thumbnail of Report of the Faculty Flow Committee

Retrieved …, 2003

For the past two years a committee made up of representatives of the Academic Senate CSU, campus ... more For the past two years a committee made up of representatives of the Academic Senate CSU, campus Provosts/VPAA and AVPAA, and representatives of the Chancellor's Office have studied the issues of faculty recruitment, retirement, and retention (faculty flow) with an ...

Research paper thumbnail of The Capacitated Newsboy Problem with Revenue Sharing

Journal of Applied Mathematics and Decision Sciences, 2001

In this paper we consider a single inventory (newsboy) problem in which the vendor has a limited ... more In this paper we consider a single inventory (newsboy) problem in which the vendor has a limited amount of funds to purchase items to sell. We assume that the manufacturer will either sell the items to the vendor outright or offer the items to the vendor on a revenue sharing (consignment) basis. In the latter case, that amount of money the vendor pays per unit is less than if the items are purchased from the vendor, but the vendor must share some of the revenue with the manufacturer. The purpose of our analysis is to investigate under what circumstances, it would pay for the vendor to only purchase the items from the manufacturer, only take the items on consignment from the manufacturer, or both purchase and take consignment shipments form the manufacturer.

Research paper thumbnail of Managing IT Initiatives at the Largest University System in North America

Research paper thumbnail of Optimal Gambling and Investment Systems Under Discounting and Disbursement

Optimal gambling systems are investigated for games which incur either discounting or disbursemen... more Optimal gambling systems are investigated for games which incur either discounting or disbursement of money. The author studies simple coin tossing games, where the gambler wins his wager with probability p and loses it with probability q = 1 - p, and stock market options. The ...

Research paper thumbnail of Optimal Gambling Systems Under Discounting and Disbursement

Siamam, 1975

Page 1. SlAM J. APPL. MATH. Vol. 29, No. 4, December 1975 OPTIMAL GAMBLING SYSTEMS UNDER DISCOUNT... more Page 1. SlAM J. APPL. MATH. Vol. 29, No. 4, December 1975 OPTIMAL GAMBLING SYSTEMS UNDER DISCOUNTING AND DISBURSEMENT* BARRY ALAN PASTERNACKt Abstract. This paper is concerned with the study ...

Research paper thumbnail of A Note on Determining the Range of Optimality for Decision Analysis Problems

Journal of Mathematical Analysis and Applications, 1999

The method for determining the range over which a state probability may change without affecting ... more The method for determining the range over which a state probability may change without affecting the optimal solution is well documented in introductory management science text books for problems in which there are only two states of nature. For more realistic problems in which there are more than two states of nature, the methodology does not work. In this paper, we extend the approach taken for the two state problem to handle n states and present a simple algorithm for determining the range. ᮊ 1999 Academic Press

Research paper thumbnail of Classroom Note: A note on calculating steady state results for an M/M/k queuing system when the ratio of the arrival rate to the service rate is large

Journal of Applied Mathematics and Decision Sciences, 1998

The formulas for calculating steady state results for the M/M/k queuing system are well known. Co... more The formulas for calculating steady state results for the M/M/k queuing system are well known. Computational difficulties, however, can arise in using these formulas in situations in which the ratio of the arrival rate to the service rate is high. In this paper we consider a recursive approach for calculating steady state results which avoid such computational difficulties. As an additional benefit, such formulas are far easier to program into a spreadsheet package than the traditional formulas presented in most management science texts.

Research paper thumbnail of The videotape rental model

Journal of Applied Mathematics and Decision Sciences, 1999

In this paper we study the situation faced by a videotape rental store which must decide how many... more In this paper we study the situation faced by a videotape rental store which must decide how many copies of a new videotape release it should purchase for rental to customers. A model representing this process is developed and contrasted with the classical newsboy problem.

Research paper thumbnail of Using Revenue Sharing to Achieve Channel Coordination for a Newsboy Type Inventory Model

Applied Optimization, 2000

ABSTRACT This chapter considers a single period inventory (newsboy) problem in which a manufactur... more ABSTRACT This chapter considers a single period inventory (newsboy) problem in which a manufacturer will both sell the item to the vendor outright as well as offer the item to the vendor on a revenue sharing (consignment) basis. In the latter case, the amount of money the vendor pays per unit is less than if the item is purchased by the vendor, but the vendor must share some of the revenue with the manufacturer. The purpose of our analysis is to investigate the effect of such a strategy on the vendor’s purchasing decision and demonstrate how such a revenue sharing scheme can be used to achieve channel coordination.

Research paper thumbnail of Seeing the Doughnut from the Whole: A Response to "Watching the Whole Doughnut

Research paper thumbnail of Filling Out the Doughnuts; The Single Period Inventory Model in Corporate Pricing Policy

Interfaces, Oct 1, 1980

Page 1. INTERFACES Copyright ? 1980, The Institute of Management Sciences Vol. 10, No. 5, October... more Page 1. INTERFACES Copyright ? 1980, The Institute of Management Sciences Vol. 10, No. 5, October 1980 0092-2102/80/1005/0096$01.25 FILLING OUT THE DOUGHNUTS; THE SINGLE PERIOD INVENTORY MODEL IN CORPORATE PRICING POLICY ...