We present a decentralized optimization method for solving the coordination problem of interconnected nonlinear discrete-time dynamic systems with multiple decision makers. The optimization framework embeds the inherent structure in which each decision maker has a mathematical model that captures only the local dynamics and the associated interconnecting global constraints. A globally convergen...

Bargaining problems are considered where the preferences of the bargainers deviate from expected utility but can be modelled according to rank dependent utility theory. Under rank dependent utility both the utility function and the probability weighting function influence the risk attitude of a decision maker. The same definition of risk aversion leads to two forms of risk aversion: utility ris...

We extend the potential-based shapingmethod fromMarkov decision processes to multi-player general-sum stochastic games. We prove that the Nash equilibria in a stochastic game remains unchanged after potential-based shaping is applied to the environment. The property of policy invariance provides a possible way of speeding convergence when learning to play a stochastic game.

The scenario considered in this paper is a supply chain with multiple suppliers, all of whom have limited capacity. The demand over a finite planning horizon is known, and an optimal procurement strategy for this multiperiod horizon is to be determined. We supplement this scenario with the entry of a new supplier who is looking to price their products competitively. A single pricing decision is...

Abstract Date Presented 04/20/2023 The study findings suggest that individual efforts to practice a healthy lifestyle could reduce the risk of cognitive frailty. These results can provide scientific evidence base for policy maker support in health care policy. Primary Author and Speaker: Jihyeun Park Contributing Authors: Daewoo Pak, Ickpyo Hong, Ji-Hyuk

This unit describes how to use the genome annotation and curation tools MAKER and MAKER-P to annotate protein-coding and noncoding RNA genes in newly assembled genomes, update/combine legacy annotations in light of new evidence, add quality metrics to annotations from other pipelines, and map existing annotations to a new assembly. MAKER and MAKER-P can rapidly annotate genomes of any size, and...

We study the optimal monetary policy in a two-country open-economy model under two monetary arrangements: (a) multiple currencies controlled by independent policy makers; (b) common currencies with a centralized policy maker. Our findings suggest that: (i) Monetary policy competition leads to higher long-term inflation and interest rates with large welfare losses; (ii) The inflation bias and th...