In addition to other methods we’ve discussed, a third type of variable spending model uses dynamic programming methods. These methods rely on complex computing power and mathematical equations to ...

The valuation of the real option to store natural gas is a practically important problem that entails dynamic optimization of inventory trading decisions with capacity constraints in the face of ...

Consider the problem of minimizing the required number of work stations on an assembly line for a given cycle time when the processing times are independent, normally distributed random variables. The ...

A well-established mathematical algorithm known as dynamic programming, combined with advances in personal computing power, now allows straightforward optimization of fixed-bed catalyst life strategy.

As System-on-chip (SOC) developers continue to look for ways to reduce costs and time to market, considering the different non-volatile memory (NVM) options to add flexibility to their products is ...