Abstract— We investigate an optimal consumption and investment problem where we receive a certain fixed income stream that is terminated at a random time. It turns out that the ...
Many transportation providers such as package delivery companies and postal service organizations face the problem of designing a transportation network in order to service their ...
There has long been a competition between simulation and optimization in the modeling of problems in transportation and logistics, machine scheduling and similar highdimensional p...
This paper presents a new LP (Linear Programming) model to solve a tactical wood procurement and harvesting problem. This optimization problem occurs in several wood supply chains...
The objective of the standard parts optimal control problem is to find a number, m, of control inputs to a given input-output system that can be used in different combinations to...