We investigate risk-averse stochastic optimization problems with a risk-shaping constraint in the form of a stochastic-order relation. Both univariate and multivariate orders are considered. We extend ...
In this article, as in industry, advanced process control (APC) refers primarily to multi-variable control. Multivariable control means adjusting multiple single-loop controllers in unison, to meet ...
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The Vehicle Routing and Scheduling Problem with Time Window constraints is formulated as a mixed integer program, and optimization-based heuristics which extend the cluster-first, route-second ...
Problem definition: Assortment selection is one of the most important decisions faced by retailers. Most existing papers in the literature assume that customers select at most one item out of the ...
At yearend 1998, Koa Oil Co. (now part of Nippon Oil Corp.) embarked on a comprehensive advanced control implementation at its refineries in Marifu and Osaka. The advanced control implementation ...