Dynamic Collection Scheduling Using Remote Asset Monitoring

Dynamic Collection Scheduling Using Remote Asset Monitoring: a Case Study in the Uk Charity Sector

In the waste collection sector, remote sensing technology is now coming onto the market, allowing waste and recycling receptacles to report their fill levels at regular intervals. This enables collection schedules to be dynamically optimised to better meet true servicing needs, so reducing transport costs and ensuring that visits to clients are made in a timely fashion. This paper describes a r...

Pricing Asset Scheduling Flexibility using Optimal Switching

We study the financial engineering aspects of operational flexibility of energy assets. The current practice relies on a representation that uses strips of European spark-spread options, ignoring the operational constraints. Instead, we propose a new approach based on a stochastic impulse control framework. The model reduces to a cascade of optimal stopping problems and directly demonstrates th...

Explorer Improving collection efficiency through remote monitoring of charity assets

Collection costs associated with servicing a major UK charity’s donation banks and collecting unsold goods from their retail shops can account for up to 20% of the overall income gained. Bank and shop collections are commingled and are typically made on fixed days of the week irrespective of the amounts of materials waiting to be collected. . Using collection records from a major UK charity, th...

Improving collection efficiency through remote monitoring of charity assets.

Collection costs associated with servicing a major UK charity's donation banks and collecting unsold goods from their retail shops can account for up to 20% of the overall income gained. Bank and shop collections are commingled and are typically made on fixed days of the week irrespective of the amounts of materials waiting to be collected. Using collection records from a major UK charity, this...

Rangeland Monitoring Using Remote Sensing