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. 2021 Mar 24;24(4):742–767. doi: 10.1007/s10729-021-09546-4

Table 2.

Comparison of Policy-1, Policy-2, and Policy-3 with benchmark policies when the fluctuation rate is 5%

Optimal % Profit Gap
Unconstrained Model Mso Msv MsoMsv Msv,c Msv,u Msv,cMsv,u Policy-1 Policy-2 Policy-3
Average 17.45 19.75 0.89 11.59 8.16 1.43 47.61% 5.12% 28.60%
Max 20.00 23.00 1.11 14.00 10.00 1.86 83.31% 18.31% 53.08%
Min 15.00 17.00 0.71 9.00 6.00 1.11 25.40% 0.00% 12.81%
Heuristic-1 % Profit Gap
Model with Capacity Constraint Mso Msv MsoMsv Msv,c Msv,u Msv,cMsv,u Policy-1 Policy-2 Policy-3
Average 15.28 16.71 0.92 9.94 6.76 1.49 43.25% 6.20% 27.94%
Max 18.00 20.00 1.14 12.00 9.00 2.20 82.79% 24.33% 53.14%
Min 13.00 14.00 0.70 8.00 5.00 1.11 16.31% 0.00% 7.93%
Heuristic-2 % Profit Gap
Model with Time Constraint Mso Msv MsoMsv Msv,c Msv,u Msv,cMsv,u Policy-1 Policy-2 Policy-3
Average 16.50 19.25 0.86 11.30 7.95 1.43 47.58% 9.97% 28.57%
Max 20.00 23.00 1.11 14.00 10.00 2.00 86.77% 31.28% 58.69%
Min 14.00 16.00 0.64 9.00 6.00 1.11 25.20% 0.95% 10.88%