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Thomas Alois Weber

Related publications (81)

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Optimal Information Collection Policies in a Markov Decision Process Framework

Thomas Alois Weber

The cost-effectiveness and value of additional information about a health technology or program may change over time because of trends affecting patient cohorts and/or the intervention. Delaying information collection even for parameters that do not change ...

2018

Global Optimization on an Interval

Thomas Alois Weber

This paper provides expressions for solutions of a one-dimensional global optimization problem using an adjoint variable which represents the available one-sided improvements up to the interval "horizon." Interpreting the problem in terms of optimal stoppi ...

2017

Optimal Switching Between Cash-Flow Streams

Thomas Alois Weber

We consider the problem of finding the optimal time to switch between two measurable cash-flow streams. A complete characterization of the set of solutions is obtained in terms of adjoint variables which measure the available gain from deviations. An itera ...

2017

Grid Connection of Shared Electric Vehicles

Thomas Alois Weber, Anjali Devi Vanapilli Nursimulu

The paper examines the decision of whether to connect electric vehicles, for grid-balancing purposes, to an electric power grid, in addition to renting them out on a car-sharing market. Because grid connection tends to degrade a battery over and above its ...

2017

Smart Products for Sharing

Thomas Alois Weber

Sharing markets create mutual insurance for consumers who are unsure about their future needs for goods, thus rendering products more valuable both before and after the purchase. By embedding intelligence in their products, enabling them to sense, monitor, ...

2017

Understanding the Information-Based Transformation of Strategy and Society

Thomas Alois Weber

The world economy is undergoing dramatic changes, largely driven by the new availability of fine-grained information. Innovative ways of using datalarge and small-have also prompted a rethinking of the boundaries for the combination and use of knowledge. T ...

Routledge Journals, Taylor & Francis Ltd2017

Controlling and Pricing Shareability

Thomas Alois Weber

In the presence of a peer-to-peer economy, the option of sharing an item is valuable for consumers. By retaining control over the shareability of its products a monopolist can set a sharing tariff in conjunction with the purchase price of the product, in o ...

IEEE Computer Society, Washington2017

The Impact of Sharing Markets on Product Durability

Thomas Alois Weber, Maryam Razeghian Jahromi

This paper studies the effects of sharing markets on the prices for new products and on product design in terms of durability. In a dynamic economy with overlapping generations, consumers take strategic purchasing decisions, anticipated by a durable-goods ...

2016

Newcomb's problem is viewed as a dynamic game with an agent and a superior being as players. Depending on whether or not a risk-neutral agent's confidence in the superior being, as measured by a subjective probability assigned to the move order, exceeds a ...

2016

Optimal Retail in a Sharing Economy

Thomas Alois Weber

The emerging sharing economy is fueled by products that some consumers buy new. This paper introduces an overlapping-generations model to analyze consumers' consumption choices and the equilibrium in the sharing market. We derive a retailer's optimal prici ...

IEEE Computer Society, Washington, DC2016