Alternate Contracts Sample Clauses

Alternate Contracts. In this subsection we examine several alternate contracts and analyze the optimal heavy-traffic policy for the firm operating the contract. Here, rather than solely contracting on a percentile of delay, we consider contracts where penalties are incurred based on some measure of delay. We show that several simple penalty contracts do not lead to good performance, either for the contract customers or for reasonable expectations for the system as a whole. However, we show that by combining a percentile delay contract with a convex penalty function, the mean delay for contract customers and its CV decrease substantially. However, as this diminishes the service vis-a-vis non-contract customers, we also investigate contract structures that may reduce the inequality between them. First, consider a contract for which the firm incurs a fixed cost for each call whose queue time exceeds a given delay D. If the firm minimizes this cost plus a linear delay cost for non-contract customers, the problem is simply: min c1E[1W1 D] + c2E[W2] π∈Π and the limiting heavy-traffic problem is 1 c1EQˆ[1xu(x)>QˆL ] + c2EQˆ[x(1 − u(x))] (4) ≤u(x)≤ If one considers the value of c1 as a dual variable on the constraint of the Delay Percentile Contract (2), by choosing c1 appropriately, (4) can be made equivalent to (2). Similarly, by choosing c2 appropriately, the contract can be made equivalent to one where the firm chooses to minimize the cost for excessive delay of contract customers subject to a constraint on the mean delay incurred by the non-contract customers. That is, if we consider the problem: minπ∈Π c1E[1W1 >D] E[W2] ≤ K for some c1 and K, the limiting heavy-traffic problem is min0≤u(x)≤1 c1EQˆ[1xu(x)>QˆL ]
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Related to Alternate Contracts

  • Alternate RDOs (a) Where the Employer and a majority of the Employer’s Employees at an enterprise or job site agree, another day may be substituted for the scheduled RDO. (b) Wherever possible, such agreement will take place 5 working days prior to the change being implemented. (c) Where there is a dispute in relation to an alternate RDO and it is unable to be resolved at the workplace level, the matter may be determined in accordance with clause 11- Disputes Resolution Procedure of this Agreement.

  • Alternate Work Schedule An alternate work schedule is any work schedule where an employee is regularly scheduled to work five (5) days per week, but the employee’s regularly scheduled two (2) days off are NOT Saturday and Sunday.

  • Alternate Billed Calls 1.1 The Parties will engage in settlements of intraLATA intrastate alternate-billed calls (e.g., collect, calling card, and third-party billed calls) originated or authorized by their respective Customers in accordance with an arrangement mutually agreed to by the Parties.

  • Alternate Work Schedules Workweeks and work shifts of different numbers of hours may be established for overtime-eligible employees by the Employer in order to meet business and customer service needs, as long as the alternate work schedules meet federal and state law. When there is a holiday, employees may be required to switch from their alternate work schedules to regular work schedules.

  • Separate Contracts The Owner reserves the right at any time and from time to time upon notice to Contractor to perform, or cause to be performed by other Contractors, other work at the Site in connection with the development of the Project that is not contemplated hereby or that is contemplated hereby if the Contractor and the Owner shall be unable to agree upon a Change Order incorporating such work as Work of the Contractor under this Contract. In either case, the Owner shall assure that such personnel or Contractors do not cause any conflict with the Work of Contractor. Contractor shall afford the Owner and other Contractors reasonable opportunity for the introduction, protection, and storage of material and equipment at the Site and the execution of work, and shall properly connect, if required by Contract Documents, and coordinate its work with theirs. If any work by the Owner or its other Contractors increases Contractor's costs or extends the time of performance, Contractor shall be entitled upon timely claim to a Change Order for payment by Owner of any reasonable costs actually incurred by Contractor as a result thereof and to an extension of time for performance for such reasonable time as the Design Professional shall determine. Contractor has no responsibility hereunder to certify the suitability or correctness of any work performed by Owner's own personnel or other Contractors under direct contract with the Owner. This Article also applies to installation of loose equipment and fixtures by the Owner, Using Agency, or a Separate Contractor.