In this paper, we analyze a generalization of a classic network-flow model. The generalization involves the replacement of deterministic demand with stochastic demand. While this generalization ...

Abstract: In this paper, we present a unit commitment problem with uncertain wind power output. The problem is formulated as a chance-constrained two-stage (CCTS) stochastic program. Our model ensures ...

Key Laboratory of Smart Manufacturing in Energy Chemical Process, Ministry of Education, East China University of Science and Technology, Shanghai 200237, China Engineering Research Center of Process ...

This library implements the stochastic wind field simulation method widely used in civil engineering and wind engineering for analyzing structural responses of bridges, buildings, and other structures ...

Stochastic programming methods can be applied to portfolio optimization in the context of pension fund management. In this paper we apply stochastic programming wherein the allocations are found among ...

Natural rock fractures are characterized by highly irregular rough walls, which are best modeled as spatially correlated random surfaces. This leads to a description of fractures, wherein the fracture ...

Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Her expertise covers a ...

Ask any technical trader and they will tell you the right indicator is needed to effectively determine a change of course in a stock's price patterns. However, anything one "right" indicator can do to ...