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We present a scheme for sequential decision making with a risk-sensitive objective and constraints in a dynamic environment. A neural network is trained as an approximator of the mapping from parameter space to space of risk and policy with…

Artificial Intelligence · Computer Science 2019-07-10 Shuai Ma , Jia Yuan Yu , Ahmet Satir

Many optimization problems can be naturally represented as (hyper) graphs, where vertices correspond to variables and edges to tasks, whose cost depends on the values of the adjacent variables. Capitalizing on the structure of the graph,…

Logic in Computer Science · Computer Science 2015-04-13 Nicklas Hoch , Ugo Montanari , Matteo Sammartino

We propose a covariate-dependent discrete graphical model for capturing dynamic networks among discrete random variables, allowing the dependence structure among vertices to vary with covariates. This discrete dynamic network encompasses…

Methodology · Statistics 2025-11-19 Lyndsay Roach , Qiong Li , Nanwei Wang , Xin Gao

We consider a sequential decision making process, such as renewable energy trading or electrical production scheduling, whose outcome depends on the future realization of a random factor, such as a meteorological variable. We assume that…

Trading and Market Microstructure · Quantitative Finance 2021-07-01 Peter Tankov , Laura Tinsi

Markov Decision Processes (MDPs) have been used to formulate many decision-making problems in science and engineering. The objective is to synthesize the best decision (action selection) policies to maximize expected rewards (or minimize…

Optimization and Control · Mathematics 2015-07-07 Mahmoud El Chamie , Behcet Acikmese

Probabilistic graphical models, such as Markov random fields (MRFs), are useful for describing high-dimensional distributions in terms of local dependence structures. The probabilistic inference is a fundamental problem related to graphical…

Data Structures and Algorithms · Computer Science 2020-11-30 Weiming Feng , Kun He , Xiaoming Sun , Yitong Yin

Dynamic discrete choice models are widely employed to answer substantive and policy questions in settings where individuals' current choices have future implications. However, estimation of these models is often computationally intensive…

Methodology · Statistics 2025-04-11 Ebrahim Barzegary , Hema Yoganarasimhan

We consider situations where data have been collected such that the sampling depends on the outcome of interest and possibly further covariates, as for instance in case-control studies. Graphical models represent assumptions about the…

Methodology · Statistics 2011-01-06 Vanessa Didelez , Svend Kreiner , Niels Keiding

In this paper, we study the operational problem of connected hydro power reservoirs which involves sequential decision-making in an uncertain and dynamic environment. The problem is traditionally formulated as a stochastic dynamic program…

Optimization and Control · Mathematics 2022-05-17 Farzaneh Pourahmadi , Trine Krogh Boomsma

The dissertation investigates the application of Probabilistic Graphical Models (PGMs) in forecasting the price of Crude Oil. This research is important because crude oil plays a very pivotal role in the global economy hence is a very…

Trading and Market Microstructure · Quantitative Finance 2018-05-01 Danish A. Alvi

We investigate the classical active pure exploration problem in Markov Decision Processes, where the agent sequentially selects actions and, from the resulting system trajectory, aims at identifying the best policy as fast as possible. We…

Machine Learning · Statistics 2021-10-26 Aymen Al Marjani , Aurélien Garivier , Alexandre Proutiere

The outcome of elections is strongly dependent on the districting choices, making thus possible (and frequent) the gerrymandering phenomenon, i.e.\ politicians suitably changing the shape of electoral districts in order to win the…

Optimization and Control · Mathematics 2019-10-22 Alberto Saracco , Giorgio Saracco

Decision circuits perform efficient evaluation of influence diagrams, building on the ad- vances in arithmetic circuits for belief net- work inference [Darwiche, 2003; Bhattachar- jya and Shachter, 2007]. We show how even more compact…

Artificial Intelligence · Computer Science 2012-03-19 Ross D. Shachter , Debarun Bhattacharjya

Forecasting production reliably and anticipating changes in the behavior of rock-fluid systems are the main challenges in petroleum reservoir engineering. This project proposes to deal with this problem through a data-driven approach and…

Machine Learning · Computer Science 2025-08-27 Mateus A. Fernandes , Michael M. Furlanetti , Eduardo Gildin , Marcio A. Sampaio

Faced with data-driven policies, individuals will manipulate their features to obtain favorable decisions. While earlier works cast these manipulations as undesirable gaming, recent works have adopted a more nuanced causal framing in which…

Machine Learning · Computer Science 2023-02-22 Tom Yan , Shantanu Gupta , Zachary Lipton

The configuration model is a sequence of random graphs constructed such that in the large network limit the degree distribution converges to a pre-specified probability distribution. The component structure of such random graphs can be…

Probability · Mathematics 2019-12-12 Shankar Bhamidi , Amarjit Budhiraja , Paul Dupuis , Ruoyu Wu

Influence diagrams are widely employed to represent multi-stage decision problems in which each decision is a choice from a discrete set of alternatives, uncertain chance events have discrete outcomes, and prior decisions may influence the…

Optimization and Control · Mathematics 2022-01-20 Ahti Salo , Juho Andelmin , Fabricio Oliveira

A model among many may only be best under certain states of the world. Switching from a model to another can also be costly. Finding a procedure to dynamically choose a model in these circumstances requires to solve a complex estimation…

Machine Learning · Computer Science 2023-10-10 Francesco Cordoni , Alessio Sancetta

Autoregressive models enable tractable sampling from learned probability distributions, but their performance critically depends on the variable ordering used in the factorization via complexities of the resulting conditional distributions.…

Machine Learning · Statistics 2026-03-04 Shiba Biswal , Marc Vuffray , Andrey Y. Lokhov

The history of oil and gas well stimulation through hydraulic fracturing is characterized by a pursuit of optimal designs tailored to reservoir properties. However, as with many engineering systems, the impact of variability and uncertainty…

Optimization and Control · Mathematics 2020-11-30 Cheng Cheng
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