Purpose The objective of this paper is to propose a methodology based on random demand inventory models and dependence structures for a set of raw materials, referred to as “components”, used by food services that produce food rations referred to as “menus”. Design/methodology/approach...

This paper proposes a new population-based simplex method for continuous function optimization. The proposed method, called Adaptive Population-based Simplex (APS), is inspired by the Low-Dimensional Simplex Evolution (LDSE) method. LDSE is a recent optimization method, which uses the reflection...

We solve the problem of a social planner who seeks to minimize inequality via transfers with a fixed public budget in a distribution of exogenously given incomes. The appropriate solution method depends on the objective function: If it is convex, as in the case of the absolute mean deviation, it...

In general, any activity requires a longer action often characterized by a degree of uncertainty, insecurity, in terms of size of the objective pursued. Because of the complexity of real economic systems, the stochastic dependencies between different variables and parameters considered, not all...

Wave energy extraction requires the conversion of the energy within the waves to drive the power take off system, often by means of a principal interface, or collector. This paper describes part of the development of a robust, systematic method of optimizing the collector shape to improve energy...

In recent years, a large number of research works have been carried out in transmission expansion planning (TEP) field. TEP problem has been investigated with different views, methods, constraints, and objectives. Thus, it is required to evaluate and to overview the proposed works. This paper...