We study the problem of asset and liability management of participating insurance policies with guarantees. We develop a scenario optimization model for integrative asset and liab...
—In partitioning, clustering, and grouping problems, a typical goal is to group together similar objects, or pixels in the case of image processing. At the same time, another goa...
Statistical data frequently includes outliers; these can distort the results of estimation procedures and optimization problems. For this reason, loss functions which deemphasize ...
In a supply chain, there are wide variety of problems, such as transportation scheduling problems and warehouse location problems. These problems are independently defined as opt...
Abstract—In the real world, many applications are nonstationary optimization problems. This requires that optimization algorithms need to not only find the global optimal soluti...