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IOR
2011
220views more  IOR 2011»
15 years 1 months ago
Optimal Inventory Policies when Purchase Price and Demand Are Stochastic
In this paper we consider the problem of a firm that faces a stochastic (Poisson) demand and must replenish from a market in which prices fluctuate, such as a commodity market. ...
Peter Berling, Victor Martínez-de-Alb&eacut...
TFS
2010
152views Education» more  TFS 2010»
15 years 1 months ago
Robust Optimal Reference-Tracking Design Method for Stochastic Synthetic Biology Systems: T-S Fuzzy Approach
At present, the development in the nascent field of synthetic gene networks is still difficult. Most newly created gene networks are nonfunctioning due to intrinsic parameter fluct...
Bor-Sen Chen, Chih-Hung Wu
IOR
2008
82views more  IOR 2008»
15 years 6 months ago
Heavy-Traffic Optimality of a Stochastic Network Under Utility-Maximizing Resource Allocation
We study a stochastic network that consists of a set of servers processing multiple classes of jobs. Each class of jobs requires a concurrent occupancy of several servers while be...
Heng-Qing Ye, David D. Yao
AAAI
2007
15 years 8 months ago
Stochastic Optimization for Collision Selection in High Energy Physics
Artificial intelligence has begun to play a critical role in basic science research. In high energy physics, AI methods can aid precision measurements that elucidate the underlyi...
Shimon Whiteson, Daniel Whiteson
INFORMS
2000
128views more  INFORMS 2000»
15 years 6 months ago
A Revised Simplex Search Procedure for Stochastic Simulation Response Surface Optimization
We develop a variant of the Nelder-Mead (NM) simplex search procedure for stochastic simulation optimization that is designed to avoid many of the weaknesses encumbering such dire...
David G. Humphrey, James R. Wilson