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

Table 3.

Comparison of Policy-1, Policy-2, and Policy-3 with benchmark policies when the fluctuation rate is 10%

Optimal % Profit Gap
Unconstrained Model Mso Msv MsoMsv Msv,c Msv,u Msv,cMsv,u Policy-1 Policy-2 Policy-3
Average 17.41 19.74 0.89 11.61 8.12 1.47 50.69% 7.88% 31.41%
Max 22.00 25.00 1.27 17.00 12.00 2.43 106.90% 50.33% 81.14%
Min 13.00 15.00 0.62 7.00 5.00 0.88 12.34% 0.00% 3.56%
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 15.10 16.61 0.92 9.90 6.71 1.54 47.83% 9.71% 31.07%
Max 20.00 21.00 1.50 14.00 10.00 3.33 105.82% 65.40% 81.58%
Min 10.00 12.00 0.50 6.00 3.00 0.88 3.43% 0.00% 0.00%
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 16.15 19.05 0.86 11.24 7.80 1.49 52.66% 15.00% 33.45%
Max 21.00 25.00 1.29 17.00 12.00 2.60 110.39% 71.08% 96.46%
Min 13.00 14.00 0.54 7.00 5.00 0.88 11.44% 0.00% 3.08%