Computational Management Science State of the Art 2014

This volume contains contributions from the 11th International Conference on Management Science (CMS 2014), held at Lisbon, Portugal, on May 29-31, 2014. Its contents reflect the wide scope of Management Science, covering different theoretical aspects for

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Raquel J. Fonseca Gerhard-Wilhelm Weber João Telhada Editors

Computational Management Science State of the Art 2014

Lecture Notes in Economics and Mathematical Systems Founding Editors: M. Beckmann H.P. Künzi Managing Editors: Prof. Dr. G. Fandel Fachbereich Wirtschaftswissenschaften Fernuniversität Hagen Hagen, Germany Prof. Dr. W. Trockel Murat Sertel Institute for Advanced Economic Research Istanbul Bilgi University Istanbul, Turkey and Institut für Mathematische Wirtschaftsforschung (IMW) Universität Bielefeld Bielefeld, Germany Editorial Board: H. Dawid, D. Dimitrov, A. Gerber, C-J. Haake, C. Hoffmann, T. Pfeiffer, R. Slowi´nski, W.H.M. Zijm

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More information about this series at http://www.springer.com/series/300

Raquel J. Fonseca • Gerhard-Wilhelm Weber • João Telhada Editors

Computational Management Science State of the Art 2014

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Editors Raquel J. Fonseca Faculty of Sciences/Operations Research Center University of Lisbon Lisbon, Portugal

Gerhard-Wilhelm Weber Institute of Applied Mathematics Middle East Technical University Ankara, Turkey

João Telhada Faculty of Sciences/Operations Research Center University of Lisbon Lisbon, Portugal

ISSN 0075-8442 ISSN 2196-9957 (electronic) Lecture Notes in Economics and Mathematical Systems ISBN 978-3-319-20429-1 ISBN 978-3-319-20430-7 (eBook) DOI 10.1007/978-3-319-20430-7 Library of Congress Control Number: 2015957188 Springer Cham Heidelberg New York Dordrecht London © Springer International Publishing Switzerland 2016 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper Springer International Publishing AG Switzerland is part of Springer Science+Business Media (www.springer.com)

Preface

Computational Management Science has become an important research field, in particular in recent years due to the rapid growth of computational power and data access, storage, and management. These facts are shaping modern management, highlighting analytical issues that raise added value to business,