Optimal observation method definition

Definition of optimal proportion of phased investment

Abstract: Real options approaches can be employed to value the flexibility in the decision-making courses of phased investments. This paper focuses on the two-stage investment problems of venture firms. Firstly, based on the analysis of profit function and real options thinking, stochastic models are proposed to describe the uncertainties of such problems. Then the value function of decision-ma...

An Ecodesign Method for Product Architecture Definition Based on Optimal Life-cycle Strategies

Observation: A Complex Research Method

As an ethnographic research method, observation has a long history. The value of observation is that it permits researchers to study people in their native environment in order to understand “things” from their perspective. Observation requires the researcher to spend considerable time in the fi eld with the possibility of adopting various roles in order to gain a more comprehensive understandi...

Near-optimal Observation Selection using Submodular Functions

AI problems such as autonomous robotic exploration, automatic diagnosis and activity recognition have in common the need for choosing among a set of informative but possibly expensive observations. When monitoring spatial phenomena with sensor networks or mobile robots, for example, we need to decide which locations to observe in order to most effectively decrease the uncertainty, at minimum co...

Optimal supervisory control under partial observation

In this paper, we formulate the optimal supervisory control problem (OSCP) under partial observation and propose an algorithm to design the optimal nonblocking supervisor (ONS). In addition, we introduce an extended net cost including the observation cost of the events which is taken into account for the cost of setting up a mechanism to sense the events and solve the OSCP with the extended net...