due to business and environmental issues, the efficient design of an integrated forward/reverse logistics network has recently attracted more attention from researchers. the significance of transportation cost and customer satisfaction spurs an interest in developing a flexible network design model with different delivery paths. this paper proposes a flexible mixed-integer programming model to ...

Recently a reparametrized version of HJM model has been proposed which leads naturally to the innnite dimensional Markov process of forward curves. In this paper we discuss some consequences of the Markovian structure of forward rate dynamics. In particular, we obtain price of the swaption as a solution to the innnite dimensional "Black-Scholes" partial diierential equation.

Continuous pharmaceutical manufacturing together with PAT (Process Analytical Technology) provides a suitable platform for automatic control of the end product quality as desired by QbD (quality by design)-based efficient manufacturing. The precise control of the quality of the pharmaceutical product requires corrective actions in the process/raw material variability before product quality can ...

This work presents a novel concept in stochastic optimization, namely, the notion of forward performance. As an application, we analyze a portfolio management problem with exponential criteria. Under minimal model assumptions we explicitly construct the forward performance process and the associated optimal wealth and asset allocations. For various model parameters, we recover a range of invest...

In this paper, we propose a distributed forward reasoning engine with general purpose called DifreEngine. We present the architecture of DifreEngine with detailed description of its modules. And then, we describe the working process of DifreEngine. Also we introduce the working mechanism of three important algorithms in DifreEngine called task division, nodes management and task scheduling. The...