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Drilling investment is pivotal to operational planning in oil and gas (O\&G) exploration. Conventional deployment relies heavily on fragmented expert assessments of geological and economic factors, with limited integration ability of…

最优化与控制 · 数学 2026-03-20 Chao Min , Junyi Cui , Stanisław Migórski , Yonglan Xie , Qingxia Zhang , Jun Peng

Decisions for a variable renewable resource generators commitment in the energy market are typically made in advance when little information is obtainable about wind availability and market prices. Much research has been published…

最优化与控制 · 数学 2021-03-09 Razan A. H. Al-Lawati , Jose L. Crespo-Vazquez , Tasnim Ibn Faiz , Xin Fang , Md. Noor-E-Alam

We consider a multiperiod stochastic capacitated facility location problem under uncertain demand and budget in each period. Using a scenario tree representation of the uncertainties, we formulate a multistage stochastic integer program to…

最优化与控制 · 数学 2022-07-19 Xian Yu , Siqian Shen

The risk of oil spills in the Alaskan Arctic has become an urgent environmental and logistical concern as maritime traffic increases under climate driven sea ice retreat. Traditional deterministic response planning models fail to represent…

最优化与控制 · 数学 2025-12-01 Md Ashiqur Rahman , Mustofa Tanbir Kuhel , Clara Novoa

We consider a risk-averse stochastic capacity planning problem under uncertain demand in each period. Using a scenario tree representation of the uncertainty, we formulate a multistage stochastic integer program to adjust the capacity…

最优化与控制 · 数学 2024-11-05 Xian Yu , Siqian Shen

This paper investigates inland port infrastructure investment planning under uncertain commodity demand conditions. A two-stage stochastic optimization is developed to model the impact of demand uncertainty on infrastructure planning and…

最优化与控制 · 数学 2022-08-12 Sanjeev Bhurtyal , Sarah Hernandez , Sandra Eksioglu , Manzi Yves

Resource allocation problems are a family of problems in which resources must be selected to satisfy given demands. This paper focuses on the two-stage stochastic generalization of resource allocation problems where future demands are…

神经与进化计算 · 计算机科学 2019-03-06 Pedro H. D. B. Hokama , Mário C. San Felice , Evandro C. Bracht , Fábio L. Usberti

Our work investigates the economic efficiency of the prevailing "ladder-step" investment strategy in oil and gas exploration, which advocates for the incremental acquisition of geological information throughout the project lifecycle. By…

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…

最优化与控制 · 数学 2020-11-30 Cheng Cheng

Hydraulic fracturing stimulates fracture swarm in reservoir formation though pressurized injection fluid. However restricted by the availability of formation data, the variability embraced by reservoir keeps uncertain, driving unstable gas…

投资组合管理 · 定量金融 2020-10-30 Cheng Cheng

This paper addresses a central challenge of jointly considering shorter-term (e.g. hourly) and longer-term (e.g. yearly) uncertainties in power system planning with increasing penetration of renewable and storage resources. In conventional…

系统与控制 · 电气工程与系统科学 2021-09-13 Chao Yan , Xinbo Geng , Zhaohong Bie , Le Xie

Multi-stage stochastic programming is a well-established framework for sequential decision making under uncertainty by seeking policies that are fully adapted to the uncertainty. Often such flexible policies are not desirable, and the…

最优化与控制 · 数学 2024-08-06 Beste Basciftci , Shabbir Ahmed , Nagi Gebraeel

This paper has been withdrawn by the authors. We present a framework for sequential decision making in problems described by graphical models. The setting is given by dependent discrete random variables with associated costs or revenues. In…

应用统计 · 统计学 2013-07-01 Gabriele Martinelli , Jo Eidsvik , Ragnar Hauge

Two-stage stochastic programming is a popular framework for optimization under uncertainty, where decision variables are split between first-stage decisions, and second-stage (or recourse) decisions, with the latter being adjusted after…

最优化与控制 · 数学 2024-03-19 Antonio Alcántara , Carlos Ruiz , Calvin Tsay

Strategic mine production scheduling under geological uncertainty is conventionally formulated as a stochastic optimization problem in which a fixed extraction sequence and routing decisions are computed ex ante. This plan-driven paradigm…

人工智能 · 计算机科学 2026-05-14 Hamza Khalifi , Jef Caers , Yassine Taha , Mostafa Benzaazoua , Abdellatif Elghali

Robust optimization provides a principled framework for decision-making under uncertainty, with broad applications in finance, engineering, and operations research. In portfolio optimization, uncertainty in expected returns and covariances…

统计金融 · 定量金融 2025-10-15 Daniel Cunha Oliveira , Grover Guzman , Nick Firoozye

Mine planning is a complex task that involves many uncertainties. During early stage feasibility, available mineral resources can only be estimated based on limited sampling of ore grades from sparse drilling, leading to large uncertainty…

神经与进化计算 · 计算机科学 2023-05-30 Michael Stimson , William Reid , Aneta Neumann , Simon Ratcliffe , Frank Neumann

Long-term reservoir management often uses bounds on the reservoir level, between which the operator can work. However, these bounds are not always kept up-to-date with the latest knowledge about the reservoir drainage area, and thus become…

最优化与控制 · 数学 2018-01-29 Thibaut Cuvelier , Pierre Archambeau , Benjamin Dewals , Quentin Louveaux

This study presents Part II of an AI-enhanced Decision Support System (DSS), extending Rahimi (2025, Part I) by introducing a fully uncertainty-aware optimization framework for long-term open-pit mine planning. Geological uncertainty is…

人工智能 · 计算机科学 2025-11-25 Iman Rahimi

Tanker water systems play critical role in providing adequate service to meet potable water demands in the face of acute water crisis in many cities globally. Managing tanker movements among the supply and demand sides requires an efficient…

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