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A Pure Binary LP Model to the Facility Layout Problem
Papahristodoulou, Christos - 1999
In facility layout problems, a major concern is the optimal design or remodeling of the facilities of an organization. The decision maker's objective is to arrange the facility in an optimal way, so that the interaction among functions (i.e. machines, inventories, persons) and places (i.e....
Persistent link: https://www.econbiz.de/10010321747
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On the Optimality of Regularity in Mixing Markovian Decision Rules for MDP Control
van der Laan, Dinard - 2010
In this paper we study Markov Decision Process (MDP) problems with the restriction that at decision epochs only a finite number of given Markovian decision rules may be applied. The elements of the finite set of allowed decision rules should be mixed to improve the performance. The set of...
Persistent link: https://www.econbiz.de/10010325920
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A pure binary LP model to the facility layout problem
Papahristodoulou, Christos - 1999
In facility layout problems, a major concern is the optimal design or remodeling of the facilities of an organization. The decision maker s objective is to arrange the facility in an optimal way, so that the interaction among functions (i.e. machines, inventories, persons) and places (i.e....
Persistent link: https://www.econbiz.de/10011587531
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Approximate Results for a Generalized Secretary Problem
Dietz, Chris; van der Laan, Dinard; Ridder, Ad - 2010
A version of the classical secretary problem is studied, in which one is interested in selecting one of the b best out of a group of n differently ranked persons who are presented one by one in a random order. It is assumed that b is bigger than or equal to 1 is a preassigned number. It is...
Persistent link: https://www.econbiz.de/10010325704
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An axiomatization of the Euclidean compromise solution
Voorneveld, Mark; van den Nouweland, Anne; McLean, Rich - 2008
The utopia point of a multicriteria optimization problem is the vector that specifies for each criterion the most … favourable among the feasible values. The Euclidean compromise solution in multicriteria optimization is a solution concept that …
Persistent link: https://www.econbiz.de/10010281412
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Piecewise deterministic optimal control problems
Seierstad, Atle - 2003
-Jacoby-Bellman equation) for the problem, is presented in Davis (1993). Markov Models and Optimization, and also briefly discussed below. In …
Persistent link: https://www.econbiz.de/10010284440
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An axiomatization of the Euclidean compromise solution
Voorneveld, Mark (contributor);  … - 2008 - This version: October 13, 2008
The utopia point of a multicriteria optimization problem is the vector that specifies for each criterion the most … favourable among the feasible values. The Euclidean compromise solution in multicriteria optimization is a solution concept that …. -- Consistency ; Euclidean compromise solution ; Multicriteria optimization …
Persistent link: https://www.econbiz.de/10003766834
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Approximate solutions to dynamic models : linear methods
Uhlig, Harald (contributor) - 2006
Linear Methods are often used to compute approximate solutions to dynamic models, as these models often cannot be solved analytically. Linear methods are very popular, as they can easily be implemented. Also, they provide a useful starting point for understanding more elaborate numerical...
Persistent link: https://www.econbiz.de/10003324430
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Mean-variance hedging via stochastic control and BSDEs for general semimartingales
Jeanblanc, Monique; Mania, Michael; Santacroce, Marina; … - 2012 - This version: 4.6.2012
We solve the problem of mean-variance hedging for general semimartingale models via stochastic control methods. After proving that the value process of the associated stochastic control problem has a quadratic structure, we characterise its three coefficient processes as solutions of...
Persistent link: https://www.econbiz.de/10009558490
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Kuhn-Tucker theorem foundations and its basic application in the mathematical economics
Josheski, Dushko; Gelova, Elena - 2013
In this paper the issue of mathematical programming and optimization has being revisited. The theory of optimization … introduced the use of these mathematical methods of optimization in economics. …
Persistent link: https://www.econbiz.de/10011525770