2021
DOI: 10.48550/arxiv.2106.14601
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The Reward-Penalty-Selection Problem

Abstract: The Set Cover Problem (SCP) and the Hitting Set Problem (HSP) are well-studied optimization problems. In this paper we introduce the Reward-Penalty-Selection Problem which can be understood as a combination of the SCP and the HSP where the objectives of both problems are contrary to each other. Applications of the RPSP can be found in the context of combinatorial exchanges in order to solve the corresponding winner determination problem. We give complexity results for the minimization and the maximization prob… Show more

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(2 citation statements)
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“…On the other hand, end products can only be produced if all the materials required for them are available -only in this case can a profit be made. This problem can be formalized as the reward-penalty-selection problem (RPSP) which was recently introduced in [6]. It can be viewed as a combination of two classical, well-known combinatorial problems, the set cover problem and the hitting set problem (cf.…”
Section: Introductionmentioning
confidence: 99%
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“…On the other hand, end products can only be produced if all the materials required for them are available -only in this case can a profit be made. This problem can be formalized as the reward-penalty-selection problem (RPSP) which was recently introduced in [6]. It can be viewed as a combination of two classical, well-known combinatorial problems, the set cover problem and the hitting set problem (cf.…”
Section: Introductionmentioning
confidence: 99%
“…In the example given above, this corresponds to selecting a subset of the raw materials such that the net profit defined by the profit obtained by selling the final products minus the cost for the necessary raw material packages is maximized. For an analysis on the complexity of the RPSP and its variants, as well as algorithmic approaches, we refer to [6,7].…”
Section: Introductionmentioning
confidence: 99%