The celebrated Taylor rule provides a simple formula that aims to capture how the central bank interest rate is adjusted as a linear function of inflation and output gap. However, the rule does not take explicitly into account the zero lower bound on the interest rate. Prior studies on interest...

The celebrated Taylor rule provides a simple formula that aims to capture how the central bank interest rate is adjusted as a linear function of inflation and output gap. However, the rule does not take explicitly into account the zero lower bound on the interest rate. Prior studies on interest...

Global biofuel production has risen substantially in recent years, driven primarily by government support for biofuel industries. The stated motivations for these initiatives are numerous and have varied over time. Soybeans are the only field crop produced in sufficient quantities in...

This paper studies the mean-risk portfolio optimization problem with nonconvex transaction costs. We employ the conditional value-at-risk (CVaR) as a risk measure. There are a number of studies that aim at efficiently solving large-scale CVaR minimization problems. None of these studies,...

We address nonconvex mixed-integer bilinear problems where the main challenge is the computation of a tight upper bound for the objective function to be maximized. This can be obtained by using the recently developed concept of multiparametric disaggregation following the solution of a...

This work presents an optimisation based approach for the integrated plan and evaluation of Distributed Energy Resources (DER) systems. The mathematical model takes into account site energy loads, local climate data, utility tariff structure, characteristics of the candidate DER technologies...

Logistics is no longer seen as tactical and cost-driven – it is strategic. Considering the driver-on-time rules and with the perishable nature of the products, the travel length/time is one of the critical constraints in distribution logistics. We consider a typical logistics problem with...

This paper focuses on the flow shop sequence dependent group scheduling (FSDGS) problem with minimisation of total completion time as the criterion (Fm|f<SUB align="right"><SMALL>mls</SMALL></SUB>, prmu, S<SUB align="right"><SMALL>plk</SMALL></SUB>|ΣC<SUB align="right"><SMALL>J</SMALL></SUB>). The research problem is formulated in form of two different mixed integer linear programming (MILP) models. Comparing...</small></sub></small></sub></small></sub>

The Minimum Power Multicast Problem arises in wireless sensor networks and consists in assigning a transmission power to each node of a network in such a way that the total power consumption over the network is minimized, while a source node is connected to a set of destination nodes, toward...