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Nested stochastic modeling has been on the rise in many fields of the financial industry. Such modeling arises whenever certain components of a stochastic model are stochastically determined by other models. There are at least two main…

Computational Finance · Quantitative Finance 2021-06-14 Runhuan Feng , Peng Li

Transmission system operators employ reserves to deal with unexpected variations of demand and generation to guarantee the security of supply. The French transmission system operator RTE dynamically sizes the required margins using a…

Optimization and Control · Mathematics 2024-05-14 Jonathan Dumas

This paper presents a nonlinear model predictive control strategy for stochastic systems with general (state and input dependent) disturbances subject to chance constraints. Our approach uses an online computed stochastic tube to ensure…

Systems and Control · Electrical Eng. & Systems 2022-07-19 Henning Schlüter , Frank Allgöwer

We propose a computational framework to quantify (measure) and to optimize the reliability of complex systems. The approach uses a graph representation of the system that is subject to random failures of its components (nodes and edges).…

Optimization and Control · Mathematics 2021-06-25 Joshua L. Pulsipher , Victor M. Zavala

Symbolic optimal control is a powerful method to synthesize algorithmically correct-by-design state-feedback controllers for nonlinear plants. Its solutions are (near-)optimal with respect to a given cost function. In this note, it is…

Optimization and Control · Mathematics 2022-05-30 Alexander Weber , Florian Fiege , Alexander Knoll

This paper examines the value of storage in securing reliability of a system with uncertain supply and demand, and supply friction. The storage is frictionless as a supply source, but once used, it cannot be filled up instantaneously. The…

Optimization and Control · Mathematics 2011-09-30 Ali ParandehGheibi , Mardavij Roozbehani , Asuman Ozdaglar , Munther A Dahleh

Bayesian inference and the use of posterior or posterior predictive probabilities for decision making have become increasingly popular in clinical trials. The current practice in Bayesian clinical trials relies on a hybrid…

Methodology · Statistics 2024-04-30 Shirin Golchi , James Willard

Transport is an important function in many network systems and understanding its behavior on biological, social, and technological networks is crucial for a wide range of applications. However, it is a property that is not well-understood…

Disordered Systems and Neural Networks · Physics 2009-11-13 Lazaros K. Gallos , Chaoming Song , Shlomo Havlin , Hernan A. Makse

The statistics of charge transport across a tunnel junction with energy-dependent scattering is investigated. A model with quadratic dispersion relation is discussed in general and, independently, in the two limiting cases of a large…

Mesoscale and Nanoscale Physics · Physics 2015-06-15 Vincent Beaud , Gian Michele Graf , Andrei V. Lebedev , Gordey B. Lesovik

Tensor product states have proved extremely powerful for simulating the area-law entangled states of many-body systems, such as the ground states of gapped Hamiltonians in one dimension. The applicability of such methods to the…

Strongly Correlated Electrons · Physics 2022-06-15 C. W. von Keyserlingk , Frank Pollmann , Tibor Rakovszky

Container handling problems at container terminals are NP-hard problems. This paper presents an approach using discrete-event simulation modeling to optimize solution for storage space allocation problem, taking into account all various…

Other Computer Science · Computer Science 2015-04-14 Gamal Abd El-Nasser A. Said , El-Sayed M. El-Horbaty

We investigate control of a non-linear process when communication and processing capabilities are limited. The sensor communicates with a controller node through an erasure channel which introduces i.i.d. packet dropouts. Processor…

Optimization and Control · Mathematics 2016-11-15 Daniel E. Quevedo , Vijay Gupta , Wann-Jiun Ma , Serdar Yuksel

Statistical model checking avoids the exponential growth of states associated with probabilistic model checking by estimating properties from multiple executions of a system and by giving results within confidence bounds. Rare properties…

Performance · Computer Science 2012-01-26 Cyrille Jégourel , Axel Legay , Sean Sedwards

This paper presents a data-driven methodology to estimate the storage function of a passive system. The methodology consists in parametrizing the storage function with a dictionary then running a linear program. Results on a benchmark are…

Systems and Control · Electrical Eng. & Systems 2025-03-11 Alexandre Sanfelici Bazanella

A quota mechanism, such as a mandatory grading curve, links together multiple decisions. We analyze the performance of quota mechanisms when the number of linked decisions is finite and the designer has imperfect knowledge of the type…

Theoretical Economics · Economics 2026-04-10 Ian Ball , Deniz Kattwinkel

Stochastic network calculus is a newly developed theory for stochastic service guarantee analysis of computer networks. In the current stochastic network calculus literature, its fundamental models are based on the cumulative amount of…

Performance · Computer Science 2011-12-14 Jing Xie , Yuming Jiang , Min Xie

This paper proposes a probabilistic model for uncontrolled charging of electric vehicles (EVs). EV charging will add significant load to power systems in the coming years and, due to the convenience of charging at home, this is likely to…

Signal Processing · Electrical Eng. & Systems 2019-07-23 Constance Crozier , Thomas Morstyn , Malcolm McCulloch

This paper introduces a generalised version of importance subsampling for time series reduction/aggregation in optimisation-based power system planning models. Recent studies indicate that reliably determining optimal electricity…

Applications · Statistics 2020-08-26 Adriaan P Hilbers , David J Brayshaw , Axel Gandy

We present a new transport-based approach to efficiently perform sequential Bayesian inference of static model parameters. The strategy is based on the extraction of conditional distribution from the joint distribution of parameters and…

Methodology · Statistics 2023-08-29 Paul-Baptiste Rubio , Youssef Marzouk , Matthew Parno

This study presents a comprehensive approach to optimizing inventory management under stochastic demand by leveraging Monte Carlo Simulation (MCS) with grid search and Bayesian optimization. By using a business case of historical demand…

Optimization and Control · Mathematics 2024-07-01 Sarit Maitra
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