We present a self-organising, decentralised control method for material flows in networks. The concept applies to networks where time sharing mechanisms between conflicting flows in nodes are required and where a coordination of these local switches on a system-wide level can improve the...

This report presents two different control algorithms for adaptive vehicle traction control, which includes wheel slip control, optimal time control, anti-spin acceleration and anti-skid control, and longitudinal platoon control. The two control algorithms are respectively based on adaptive...

Recent research has shown that the control charts with adaptive features are quicker than the traditional static Shewhart charts in detecting process shifts. This article presents the design and implementation of a control chart based on Adjusted Loss Function (AL) with Variable Sample Sizes and...

The paper deals with a class of semi-Markov control models with Borel state and control spaces, possibly unbounded costs, and unknown holding times distribution H. Assuming that H does not depend on state-action pairs, we combine suitable methods of statistical estimation of H with control...

The paper deals with a class of semi-Markov control models with Borel state and control spaces, possibly unbounded costs, and unknown holding times distribution H. Assuming that H does not depend on state-action pairs, we combine suitable methods of statistical estimation of H with control...

We consider the problem of minimizing the shortfall risk when the aim is to hedge a contingent claim in a binomial market model and the initial capital is insufficient for a perfect hedge. This problem has been solved under complete information on the underlying model in [3].  We present two...