Researchers from the Institute of Industrial Science, The University of Tokyo have applied stochastic optimal control theory ...

In collaboration with a hospital, researchers examined problems related to the timing and scheduling of surgeries and patients’ stays in recovery units. They developed an integrated elective surgery ...

In this paper we study the problems of pricing and optimizing sidecar and collateralized reinsurance portfolios. The academic literature on sidecar portfolio optimization that takes into account the ...

We study a practical generalization of the classical stochastic dynamic inventory problem where privately owned trucks with limited cargo capacity are used to transport the replenishment quantity. The ...

In particular, the analysis shows that interventions may be more beneficial when adjusted in relation to the herd immunity ...

This is where Process Optimization with Simulation emerges as a critical tool, offering a powerful way to model, analyze, and ...