Two ideas taken from Bayesian optimization and classifier systems are presented for personnel scheduling based on choosing a suitable scheduling rule from a set for each person's assignment. Unlike our previous work of using genetic algorithms whose learning is implicit, the learning in both...

This paper incorporates Bayesian estimation and optimization into portfolio selection framework, particularly for high-dimensional portfolio in which the number of assets is larger than the number of observations. We leverage a constrained 𝓁1 minimization approach, called linear programming...

In the Bayesian online selection problem, the goal is to design a pricing scheme for a sequence of arriving buyers that maximizes the expected social-welfare (or revenue) subject to different types of structural constraints. Inspired by applications in operations management, the focus of this...

In recent years, Bayesian Optimization (BO) has received increasing attention due to its high sample efficiency in the global optimization of expensive-to-evaluate functions. As a principled approach to sequential decision-making under uncertainty, BO has been widely used in domain-specific...