This paper, intended for researchers, introduces a stochastic method for calculating the optimal tax schedule based on taxpayer utility, population skill distribution, and wages. It implements and extends the classic approach to optimal income tax calculation introduced by J.A. Mirrlees. A...

This paper, intended for researchers, introduces a stochastic method for calculating the optimal tax schedule based on taxpayer utility, population skill distribution, and wages. It implements and extends the classic approach to optimal income tax calculation introduced by J.A. Mirrlees. A...

Applications of stochastic evolutionary algorithms in engineering are gaining more attention in practical applications in the oil and gas industry. An important factor to consider when implementing stochastic algorithms is its ability to find the global optimum efficiently. In this study the...

This paper presents an online optimization scheme for combined use of Artificial Neural Networks (ANN), hedging policies and harmony search algorithm (HS) in developing optimum operating policies for Tehran water resources system. Past efforts in this area are concentrated on using an offline...