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The vast majority of stochastic optimization problems require the approximation of the underlying probability measure … asymptotic properties. We consider a class of infinite-dimensional stochastic optimization problems inspired by recent work on … PDE-constrained optimization as well as functional data analysis. For this class of problems, we provide both qualitative …
Persistent link: https://www.econbiz.de/10014501320
efficiently control these systems and to satisfy the different interests as good as possible, mathematical optimization models can … be used to support operational decisions. Common approaches for reservoir optimization apply linear optimization … volume in a reservoir or to account for the hydropower equation. When the non-linear equations form a non-convex optimization …
Persistent link: https://www.econbiz.de/10015194328
Background: Uncertainty conditions have been increasingly considered in optimization problems arising in real … approached with simulation techniques. However, simulation is not an optimization tool. Hence, it must be combined with … optimization methods when our goal is to: (i) minimize operating costs while guaranteeing a given quality of service; or (ii …
Persistent link: https://www.econbiz.de/10015194790
modernization. As a result, the dairy industry needs to improve its operational efficiencies by implementing effective optimization … techniques. Conventional and emerging optimization techniques have already gained momentum in the dairy industry. This study …'s objective was to explore the optimization techniques developed for or implemented in the dairy supply chain (DSC) and to …
Persistent link: https://www.econbiz.de/10015194829
In this study, joint inventory replenishment planning of an Alibaba distribution system is investigated, which contributes to the circular economy concept. The distribution system includes suppliers, central distribution centers, and front distribution centers. The total replenishment cost of...
Persistent link: https://www.econbiz.de/10015194833
emissions or energy consumption penalties makes the optimization model closer to supply sources while having higher land rental …
Persistent link: https://www.econbiz.de/10015194921
application of the Shortest Route optimization algorithm, while the SWOT matrix was implemented to analyze the operational …
Persistent link: https://www.econbiz.de/10015324891
Solar and wind power are now cheaper than fossil fuels but are intermittent. The extra supply-side variability implies growing benefits of using real-time retail pricing (RTP). We evaluate the potential gains of RTP using a model that jointly solves investment, supply, storage, and demand to...
Persistent link: https://www.econbiz.de/10013432976
Incentives for industrial loads to provide demand response on day-ahead and reserve markets are affected both by network tariffs, as well as regulations on the provision of flexibility in different markets. This paper uses a numerical model of the chlor-alkali process with a storable...
Persistent link: https://www.econbiz.de/10013457858
are applied in the process of optimization. Moreover, we define new elements of a risk control system based on volatility …
Persistent link: https://www.econbiz.de/10013466200