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In short, we can say that dynamic programming is a method of optimization of systems, using their mathematical …
Persistent link: https://www.econbiz.de/10010641521
Ergebnisse zeigen, dass die betriebliche Entscheidung für eine naturschutzfachliche Optimierung abhängig ist von der …
Persistent link: https://www.econbiz.de/10011070486
This paper deals with a basic issue: How does one approach the problem of designing the "right" objective for a given resource allocation problem? The notion of what is right can be fairly nebulous; we consider two issues that we see as key: efficiency and fairness. We approach the problem of...
Persistent link: https://www.econbiz.de/10010990603
probabilities assumed in Knightian decision theory. I argue that some standard uses of classical inference are Knightian in spirit … classical statisticians act unconsciously as Knightian decision makers. If one accepts this argument, then it is of interest to …
Persistent link: https://www.econbiz.de/10005762490
theory of options in financial markets, which permits a much richer dynamic framework than was possible with the traditional … theory of investment. The authors present the new theory in a clear and systematic way, and consolidate, synthesize, and … extend the various strands of research that have come out of the theory. Their book shows the importance of the theory for …
Persistent link: https://www.econbiz.de/10011115766
Integrated assessment models that combine geophysics and economics features are often used to evaluate and compare global warming policies. Because there are typically profound uncertainties in these models, a simulation approach is often used. This approach requires the distribution of the...
Persistent link: https://www.econbiz.de/10010990516
ambiguity of demand. Under a linear decision rule, we obtain a storage and retrieval policy by solving a moderate-size linear …
Persistent link: https://www.econbiz.de/10010990519
A two-step infinite α-cuts fuzzy linear programming (TSIFP) method is developed in this study. The introduction of … infinite α-cuts to conventional fuzzy linear programming frameworks makes it possible to generate more reliable optimal results … than conventional fuzzy linear programming, where finite α-cuts were assumed to be sufficient in representing all fuzzy …
Persistent link: https://www.econbiz.de/10010998145
Let A be a nonempty finite subset of the plane representing the geographical coordinates of a set of demand points (towns, …), to be served by a facility, whose location within a given region S is sought. Assuming that the unit cost for a∈A if the facility is located at x∈S is proportional...
Persistent link: https://www.econbiz.de/10010999525
Let A be a nonempty finite subset of the plane representing the geographical coordinates of a set of demand points (towns, …), to be served by a facility, whose location within a given region S is sought. Assuming that the unit cost for a∈A if the facility is located at x∈S is proportional...
Persistent link: https://www.econbiz.de/10010847478