Management Science, Vol. 14, No. 1, Theory Series (Sep., 1967), pp. 34-57 (24 pages) This paper considers the chance-constrained programming problem where the decision variables can be either bounded ...

Evolving energy systems are introducing heightened levels of stress on the electric power grid. Fluctuating renewable energy sources, dynamic electricity pricing, and new loads such as plug-in ...

In a typical capital rationing problem, a project portfolio is selected to maximize expected return on investment while adhering to the capital budget constraint. Sometimes projects may be delayed and ...

Stochastic Model Predictive Control (SMPC) for linear systems is an advanced control framework that blends systematic optimisation with probabilistic forecasting. By explicitly accounting for ...