One method of isolating the useful signal from the noise is by using a soft- processor Kalman filter. There are many applications of how one could use a Kalman filter: using navigation systems, such as satellite or radio, and sonar tracking systems. The guidance systems in military applications...

The explanation of investment behaviour in the light of expected utility it meant an important step in the substantiation of the theory regarding investment portofolio. It was demonstrated that the linear form of utility function excludes certain decisive decisions (Allais’s paradox), so that...

The approach to decision theory has varied from one scholar and school of thought to the other from the development of mathematically complex systems, models and equations to the disregard of this particular academic endeavor altogether due to randomness and overwhelming subjectivity and...

The Modified Han (MH) algorithm aims at providing a cost optimized solution to real world maritime container transportation problems, which often are unbalanced and inconsistent. By modelling a 3-index container transportation problem as an inconsistent systems of linear inequalities, we apply...

Dynamic Programming is a general algorithm design technique for solving problems defined by or formulated as recurrences with overlapping sub-instances. Dynamic programming is regarded as a particular approach to optimization problems in which a considerable number of decision variables and the...

This paper is about finding a solution to a transport problem, using visual programming applications, with one of the specialty software – Visual Basic. Among company’s spendings there are product transport spendings suported by economic agent in his way from each producers to beneficiaries....

In quantitative approach to decision making, a possible point of view for portfolio optimization is to model a portfolio in terms of a linear program. In this approach a linear programming model is in form of continuous non-negative variables instead of integer non-negative variables. In some...

The EU statistics reveal over 19 million active enterprises within the EU-27’s nonfinancial business economy (defined as industry construction, distributive trades and services, and therefore excluding financial and public services) in 2004. About one third (32.5%) were active in the...