Relative Optimization Of Continuous Time And Continuous State Stochastic Systems

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Relative Optimization of Continuous-Time and Continuous-State Stochastic Systems

Author : Xi-Ren Cao
Publisher : Springer Nature
ISBN 13 : 3030418464
Total Pages : 376 pages
Book Rating : 4.0/5 (34 download)

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Book Synopsis Relative Optimization of Continuous-Time and Continuous-State Stochastic Systems by : Xi-Ren Cao

Download or read book Relative Optimization of Continuous-Time and Continuous-State Stochastic Systems written by Xi-Ren Cao and published by Springer Nature. This book was released on 2020-05-13 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph applies the relative optimization approach to time nonhomogeneous continuous-time and continuous-state dynamic systems. The approach is intuitively clear and does not require deep knowledge of the mathematics of partial differential equations. The topics covered have the following distinguishing features: long-run average with no under-selectivity, non-smooth value functions with no viscosity solutions, diffusion processes with degenerate points, multi-class optimization with state classification, and optimization with no dynamic programming. The book begins with an introduction to relative optimization, including a comparison with the traditional approach of dynamic programming. The text then studies the Markov process, focusing on infinite-horizon optimization problems, and moves on to discuss optimal control of diffusion processes with semi-smooth value functions and degenerate points, and optimization of multi-dimensional diffusion processes. The book concludes with a brief overview of performance derivative-based optimization. Among the more important novel considerations presented are: the extension of the Hamilton–Jacobi–Bellman optimality condition from smooth to semi-smooth value functions by derivation of explicit optimality conditions at semi-smooth points and application of this result to degenerate and reflected processes; proof of semi-smoothness of the value function at degenerate points; attention to the under-selectivity issue for the long-run average and bias optimality; discussion of state classification for time nonhomogeneous continuous processes and multi-class optimization; and development of the multi-dimensional Tanaka formula for semi-smooth functions and application of this formula to stochastic control of multi-dimensional systems with degenerate points. The book will be of interest to researchers and students in the field of stochastic control and performance optimization alike.

Stochastic Models in Reliability, Network Security and System Safety

Author : Quan-Lin Li
Publisher : Springer Nature
ISBN 13 : 981150864X
Total Pages : 515 pages
Book Rating : 4.8/5 (115 download)

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Book Synopsis Stochastic Models in Reliability, Network Security and System Safety by : Quan-Lin Li

Download or read book Stochastic Models in Reliability, Network Security and System Safety written by Quan-Lin Li and published by Springer Nature. This book was released on 2019-10-21 with total page 515 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is dedicated to Jinhua Cao on the occasion of his 80th birthday. Jinhua Cao is one of the most famous reliability theorists. His main contributions include: published over 100 influential scientific papers; published an interesting reliability book in Chinese in 1986, which has greatly influenced the reliability of education, academic research and engineering applications in China; initiated and organized Reliability Professional Society of China (the first part of Operations Research Society of China) since 1981. The high admiration that Professor Cao enjoys in the reliability community all over the world was witnessed by the enthusiastic response of each contributor in this book. The contributors are leading researchers with diverse research perspectives. The research areas of the book iclude a broad range of topics related to reliability models, queueing theory, manufacturing systems, supply chain finance, risk management, Markov decision processes, blockchain and so forth. The book consists of a brief Preface describing the main achievements of Professor Cao; followed by congratulations from Professors Way Kuo and Wei Wayne Li, and by Operations Research Society of China, and Reliability Professional Society of China; and further followed by 25 articles roughly grouped together. Most of the articles are written in a style understandable to a wide audience. This book is useful to anyone interested in recent developments in reliability, network security, system safety, and their stochastic modeling and analysis.

Foundations of Average-Cost Nonhomogeneous Controlled Markov Chains

Author : Xi-Ren Cao
Publisher : Springer Nature
ISBN 13 : 3030566781
Total Pages : 120 pages
Book Rating : 4.0/5 (35 download)

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Book Synopsis Foundations of Average-Cost Nonhomogeneous Controlled Markov Chains by : Xi-Ren Cao

Download or read book Foundations of Average-Cost Nonhomogeneous Controlled Markov Chains written by Xi-Ren Cao and published by Springer Nature. This book was released on 2020-09-09 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Springer brief addresses the challenges encountered in the study of the optimization of time-nonhomogeneous Markov chains. It develops new insights and new methodologies for systems in which concepts such as stationarity, ergodicity, periodicity and connectivity do not apply. This brief introduces the novel concept of confluencity and applies a relative optimization approach. It develops a comprehensive theory for optimization of the long-run average of time-nonhomogeneous Markov chains. The book shows that confluencity is the most fundamental concept in optimization, and that relative optimization is more suitable for treating the systems under consideration than standard ideas of dynamic programming. Using confluencity and relative optimization, the author classifies states as confluent or branching and shows how the under-selectivity issue of the long-run average can be easily addressed, multi-class optimization implemented, and Nth biases and Blackwell optimality conditions derived. These results are presented in a book for the first time and so may enhance the understanding of optimization and motivate new research ideas in the area.

Continuous-Time Markov Decision Processes

Author : Xianping Guo
Publisher : Springer Science & Business Media
ISBN 13 : 3642025471
Total Pages : 240 pages
Book Rating : 4.6/5 (42 download)

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Book Synopsis Continuous-Time Markov Decision Processes by : Xianping Guo

Download or read book Continuous-Time Markov Decision Processes written by Xianping Guo and published by Springer Science & Business Media. This book was released on 2009-09-18 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Continuous-time Markov decision processes (MDPs), also known as controlled Markov chains, are used for modeling decision-making problems that arise in operations research (for instance, inventory, manufacturing, and queueing systems), computer science, communications engineering, control of populations (such as fisheries and epidemics), and management science, among many other fields. This volume provides a unified, systematic, self-contained presentation of recent developments on the theory and applications of continuous-time MDPs. The MDPs in this volume include most of the cases that arise in applications, because they allow unbounded transition and reward/cost rates. Much of the material appears for the first time in book form.

Multi-state System Reliability Analysis and Optimization for Engineers and Industrial Managers

Author : Anatoly Lisnianski
Publisher : Springer Science & Business Media
ISBN 13 : 1849963207
Total Pages : 393 pages
Book Rating : 4.8/5 (499 download)

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Book Synopsis Multi-state System Reliability Analysis and Optimization for Engineers and Industrial Managers by : Anatoly Lisnianski

Download or read book Multi-state System Reliability Analysis and Optimization for Engineers and Industrial Managers written by Anatoly Lisnianski and published by Springer Science & Business Media. This book was released on 2010-08-02 with total page 393 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multi-state System Reliability Analysis and Optimization for Engineers and Industrial Managers presents a comprehensive, up-to-date description of multi-state system (MSS) reliability as a natural extension of classical binary-state reliability. It presents all essential theoretical achievements in the field, but is also practically oriented. New theoretical issues are described, including: • combined Markov and semi-Markov processes methods, and universal generating function techniques; • statistical data processing for MSSs; • reliability analysis of aging MSSs; • methods for cost-reliability and cost-availability analysis of MSSs; and • main definitions and concepts of fuzzy MSS. Multi-state System Reliability Analysis and Optimization for Engineers and Industrial Managers also discusses life cycle cost analysis and practical optimal decision making for real world MSSs. Numerous examples are included in each section in order to illustrate mathematical tools. Besides these examples, real world MSSs (such as power generating and transmission systems, air-conditioning systems, production systems, etc.) are considered as case studies. Multi-state System Reliability Analysis and Optimization for Engineers and Industrial Managers also describes basic concepts of MSS, MSS reliability measures and tools for MSS reliability assessment and optimization. It is a self-contained study resource and does not require prior knowledge from its readers, making the book attractive for researchers as well as for practical engineers and industrial managers.

Introduction to Stochastic Search and Optimization

Author : James C. Spall
Publisher : John Wiley & Sons
ISBN 13 : 0471441902
Total Pages : 620 pages
Book Rating : 4.4/5 (714 download)

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Book Synopsis Introduction to Stochastic Search and Optimization by : James C. Spall

Download or read book Introduction to Stochastic Search and Optimization written by James C. Spall and published by John Wiley & Sons. This book was released on 2005-03-11 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt: * Unique in its survey of the range of topics. * Contains a strong, interdisciplinary format that will appeal to both students and researchers. * Features exercises and web links to software and data sets.

Control and Dynamic Systems V28

Author : C.T. Leonides
Publisher : Elsevier
ISBN 13 : 0323162681
Total Pages : 363 pages
Book Rating : 4.3/5 (231 download)

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Book Synopsis Control and Dynamic Systems V28 by : C.T. Leonides

Download or read book Control and Dynamic Systems V28 written by C.T. Leonides and published by Elsevier. This book was released on 2012-12-02 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: Control and Dynamic Systems: Advances in Theory in Applications, Volume 28: Advances in Algorithms and Computational Techniques in Dynamic Systems Control, Part 1 of 3 discusses developments in algorithms and computational techniques for control and dynamic systems. This book presents algorithms and numerical techniques used for the analysis and control design of stochastic linear systems with multiplicative and additive noise. It also discusses computational techniques for the matrix pseudoinverse in minimum variance reduced-order filtering and control; decomposition technique in multiobjective discrete-time dynamic problems; computational techniques in robotic systems; reduced complexity algorithm using microprocessors; algorithms for image-based tracking; and modeling of linear and nonlinear systems. This volume will be an important reference source for practitioners in the field who are looking for techniques with significant applied implications.

Optimal Financial Decision Making under Uncertainty

Author : Giorgio Consigli
Publisher : Springer
ISBN 13 : 3319416138
Total Pages : 310 pages
Book Rating : 4.3/5 (194 download)

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Book Synopsis Optimal Financial Decision Making under Uncertainty by : Giorgio Consigli

Download or read book Optimal Financial Decision Making under Uncertainty written by Giorgio Consigli and published by Springer. This book was released on 2016-10-17 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: The scope of this volume is primarily to analyze from different methodological perspectives similar valuation and optimization problems arising in financial applications, aimed at facilitating a theoretical and computational integration between methods largely regarded as alternatives. Increasingly in recent years, financial management problems such as strategic asset allocation, asset-liability management, as well as asset pricing problems, have been presented in the literature adopting formulation and solution approaches rooted in stochastic programming, robust optimization, stochastic dynamic programming (including approximate SDP) methods, as well as policy rule optimization, heuristic approaches and others. The aim of the volume is to facilitate the comprehension of the modeling and methodological potentials of those methods, thus their common assumptions and peculiarities, relying on similar financial problems. The volume will address different valuation problems common in finance related to: asset pricing, optimal portfolio management, risk measurement, risk control and asset-liability management. The volume features chapters of theoretical and practical relevance clarifying recent advances in the associated applied field from different standpoints, relying on similar valuation problems and, as mentioned, facilitating a mutual and beneficial methodological and theoretical knowledge transfer. The distinctive aspects of the volume can be summarized as follows: Strong benchmarking philosophy, with contributors explicitly asked to underline current limits and desirable developments in their areas. Theoretical contributions, aimed at advancing the state-of-the-art in the given domain with a clear potential for applications The inclusion of an algorithmic-computational discussion of issues arising on similar valuation problems across different methods. Variety of applications: rarely is it possible within a single volume to consider and analyze different, and possibly competing, alternative optimization techniques applied to well-identified financial valuation problems. Clear definition of the current state-of-the-art in each methodological and applied area to facilitate future research directions.

Advances in H∞ Control Theory

Author : Eli Gershon
Publisher : Springer
ISBN 13 : 3030160084
Total Pages : 312 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis Advances in H∞ Control Theory by : Eli Gershon

Download or read book Advances in H∞ Control Theory written by Eli Gershon and published by Springer. This book was released on 2019-05-29 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advances in H∞ Control Theory is concerned with state-of-the-art developments in three areas: the extended treatment of mostly deterministic switched systems with dwell-time; the control of retarded stochastic state-multiplicative noisy systems; and a new approach to the control of biochemical systems, exemplified by the threonine synthesis and glycolytic pathways. Following an introduction and extensive literature survey, each of these major topics is the subject of an individual part of the book. The first two parts of the book contain several practical examples taken from various fields of control engineering including aircraft control, robot manipulation and process control. These examples are taken from the fields of deterministic switched systems and state-multiplicative noisy systems. The text is rounded out with short appendices covering mathematical fundamentals: σ-algebra and the input-output method for retarded systems. Advances in H∞ Control Theory is written for engineers engaged in control systems research and development, for applied mathematicians interested in systems and control and for graduate students specializing in stochastic control.

Scientific and Technical Aerospace Reports

Author :
Publisher :
ISBN 13 :
Total Pages : 738 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Scientific and Technical Aerospace Reports by :

Download or read book Scientific and Technical Aerospace Reports written by and published by . This book was released on 1979 with total page 738 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lists citations with abstracts for aerospace related reports obtained from world wide sources and announces documents that have recently been entered into the NASA Scientific and Technical Information Database.

Handbook in Monte Carlo Simulation

Author : Paolo Brandimarte
Publisher : John Wiley & Sons
ISBN 13 : 1118594517
Total Pages : 620 pages
Book Rating : 4.1/5 (185 download)

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Book Synopsis Handbook in Monte Carlo Simulation by : Paolo Brandimarte

Download or read book Handbook in Monte Carlo Simulation written by Paolo Brandimarte and published by John Wiley & Sons. This book was released on 2014-06-20 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt: An accessible treatment of Monte Carlo methods, techniques, and applications in the field of finance and economics Providing readers with an in-depth and comprehensive guide, the Handbook in Monte Carlo Simulation: Applications in Financial Engineering, Risk Management, and Economics presents a timely account of the applicationsof Monte Carlo methods in financial engineering and economics. Written by an international leading expert in thefield, the handbook illustrates the challenges confronting present-day financial practitioners and provides various applicationsof Monte Carlo techniques to answer these issues. The book is organized into five parts: introduction andmotivation; input analysis, modeling, and estimation; random variate and sample path generation; output analysisand variance reduction; and applications ranging from option pricing and risk management to optimization. The Handbook in Monte Carlo Simulation features: An introductory section for basic material on stochastic modeling and estimation aimed at readers who may need a summary or review of the essentials Carefully crafted examples in order to spot potential pitfalls and drawbacks of each approach An accessible treatment of advanced topics such as low-discrepancy sequences, stochastic optimization, dynamic programming, risk measures, and Markov chain Monte Carlo methods Numerous pieces of R code used to illustrate fundamental ideas in concrete terms and encourage experimentation The Handbook in Monte Carlo Simulation: Applications in Financial Engineering, Risk Management, and Economics is a complete reference for practitioners in the fields of finance, business, applied statistics, econometrics, and engineering, as well as a supplement for MBA and graduate-level courses on Monte Carlo methods and simulation.

Applied Mechanics Reviews

Author :
Publisher :
ISBN 13 :
Total Pages : 568 pages
Book Rating : 4.:/5 (26 download)

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Book Synopsis Applied Mechanics Reviews by :

Download or read book Applied Mechanics Reviews written by and published by . This book was released on 1973 with total page 568 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Modern Dynamic Reliability Analysis for Multi-state Systems

Author : Anatoly Lisnianski
Publisher : Springer Nature
ISBN 13 : 3030524884
Total Pages : 195 pages
Book Rating : 4.0/5 (35 download)

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Book Synopsis Modern Dynamic Reliability Analysis for Multi-state Systems by : Anatoly Lisnianski

Download or read book Modern Dynamic Reliability Analysis for Multi-state Systems written by Anatoly Lisnianski and published by Springer Nature. This book was released on 2020-08-24 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses recent developments in dynamic reliability in multi-state systems (MSS), addressing such important issues as reliability and availability analysis of aging MSS, the impact of initial conditions on MSS reliability and availability, changing importance of components over time in MSS with aging components, and the determination of age-replacement policies. It also describes modifications of traditional methods, such as Markov processes with rewards, as well as a modern mathematical method based on the extended universal generating function technique, the Lz-transform, presenting various successful applications and demonstrating their use in real-world problems. This book provides theoretical insights, information on practical applications, and real-world case studies that are of interest to engineers and industrial managers as well as researchers. It also serves as a textbook or supporting text for graduate and postgraduate courses in industrial, electrical, and mechanical engineering.

Real-World Applications of Game Theory and Optimization

Author : Dun Han
Publisher : Frontiers Media SA
ISBN 13 : 283255329X
Total Pages : 205 pages
Book Rating : 4.8/5 (325 download)

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Book Synopsis Real-World Applications of Game Theory and Optimization by : Dun Han

Download or read book Real-World Applications of Game Theory and Optimization written by Dun Han and published by Frontiers Media SA. This book was released on 2024-08-16 with total page 205 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research topic centers on the practical application of game theory and optimization methods to address complex challenges in real-world contexts. At its core, game theory provides a framework for analyzing strategic interactions among rational decision-makers, while optimization techniques are designed to seek the most favorable outcomes. These tools have proven to be powerful assets across a wide range of domains, from economics and computer science to social sciences and engineering. The following objectives guide this exploration: (i) Understanding Game Theory and Optimization in Real-world Contexts: This objective involves investigating how these mathematical constructs are applied to model and resolve problems across various fields. (ii) Analyzing the Effectiveness of Game Theory and Optimization Techniques: This involves studying real-world case studies and practical applications with the goal of evaluating the performance and efficiency of these methods in practice. (iii) Identifying Potential Areas for Effective Application of Game Theory and Optimization: This objective aims to pinpoint sectors or disciplines that may significantly benefit from the application of these mathematical techniques. The goal of this Research Topic in Frontiers in Physics aims to produce a comprehensive understanding of the real-world applications of game theory and optimization, highlighting their practical impact and potential for future use. It will provide valuable insights for professionals and researchers working in the fields where these techniques can be applied and contribute to the body of knowledge in game theory and optimization. Potential topics include but are not limited to the following: 1. Economics and Business: How are game theory and optimization used to make strategic business decisions and to understand economic phenomena? 2. Computer Science: How do these techniques contribute to areas like network design, machine learning, and algorithm development? 3. Social Sciences: How can game theory and optimization help in understanding social dynamics, designing policies, and resolving conflicts? 4. Engineering and Operations Research: How are these techniques utilized in system design, process optimization, and decision-making?

Large Scale Systems

Author : F. G. Filip
Publisher : Pergamon
ISBN 13 :
Total Pages : 614 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Large Scale Systems by : F. G. Filip

Download or read book Large Scale Systems written by F. G. Filip and published by Pergamon. This book was released on 2002 with total page 614 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains the papers presented at the 9th IFAC Symposium on Large Scale Systems: Theory and Applications (LSS 2001), held in Bucharest, Romania, 18-20 July 2001. Its aim was to address the control aspects of those industrial, economic, social and environmental systems whose characteristics are high dimensionality, non-linearity and uncertainty, associated with a multitude of structural forms, with intense and time critical information exchange and efficient co-ordination. The symposium covered all major aspects of large scale, complex systems including methodological aspects, technological solutions and practical applications. methodological aspects and those devoted to practical applications. Several invited sessions were organised, including papers from leading world experts. The papers are ordered in accordance with the technical sessions. Session topics include methodology and application fields, traditional to this Symposium series. Topics covered include the following: modelling and model reduction; decentralized control and estimation; hierarchical control; intelligent and fuzzy control; nonlinear dynamics in complex systems; complex systems theory and analysis; water, gas, power systems; large scale CIMs and production planning and scheduling; communication and information systems; transportation systems; modelling and control of wastewater treatment plants and societal systems modelling, planning and management. technical programme, such as decision support systems and risk and governance in large-scale systems. More recent issues, such as risk management and human decision in large-scale systems, were well received by the symposium participants and provide an extra dimension to volume.

Uncertainty in Complex Networked Systems

Author : Tamer Başar
Publisher : Springer
ISBN 13 : 3030046303
Total Pages : 619 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis Uncertainty in Complex Networked Systems by : Tamer Başar

Download or read book Uncertainty in Complex Networked Systems written by Tamer Başar and published by Springer. This book was released on 2018-12-14 with total page 619 pages. Available in PDF, EPUB and Kindle. Book excerpt: The chapters in this volume, and the volume itself, celebrate the life and research of Roberto Tempo, a leader in the study of complex networked systems, their analysis and control under uncertainty, and robust designs. Contributors include authorities on uncertainty in systems, robustness, networked and network systems, social networks, distributed and randomized algorithms, and multi-agent systems—all fields that Roberto Tempo made vital contributions to. Additionally, at least one author of each chapter was a research collaborator of Roberto Tempo’s. This volume is structured in three parts. The first covers robustness and includes topics like time-invariant uncertainties, robust static output feedback design, and the uncertainty quartet. The second part is focused on randomization and probabilistic methods, which covers topics such as compressive sensing, and stochastic optimization. Finally, the third part deals with distributed systems and algorithms, and explores matters involving mathematical sociology, fault diagnoses, and PageRank computation. Each chapter presents exposition, provides new results, and identifies fruitful future directions in research. This book will serve as a valuable reference volume to researchers interested in uncertainty, complexity, robustness, optimization, algorithms, and networked systems.

Atlas of Forecasts

Author : Katy Borner
Publisher : MIT Press
ISBN 13 : 0262045958
Total Pages : 227 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis Atlas of Forecasts by : Katy Borner

Download or read book Atlas of Forecasts written by Katy Borner and published by MIT Press. This book was released on 2021-08-31 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: Forecasting the future with advanced data models and visualizations. To envision and create the futures we want, society needs an appropriate understanding of the likely impact of alternative actions. Data models and visualizations offer a way to understand and intelligently manage complex, interlinked systems in science and technology, education, and policymaking. Atlas of Forecasts, from the creator of Atlas of Science and Atlas of Knowledge, shows how we can use data to predict, communicate, and ultimately attain desirable futures. Using advanced data visualizations to introduce different types of computational models, Atlas of Forecasts demonstrates how models can inform effective decision-making in education, science, technology, and policymaking. The models and maps presented aim to help anyone understand key processes and outcomes of complex systems dynamics, including which human skills are needed in an artificial intelligence-empowered economy; what progress in science and technology is likely to be made; and how policymakers can future-proof regions or nations. This Atlas offers a driver's seat-perspective for a test-drive of the future.