For many decision-making problems under uncertainty, it is crucial to develop risk-averse models and specify the decision makers' risk preferences based on multiple stochastic performance measures (or ...

In this article, as in industry, advanced process control (APC) refers primarily to multi-variable control. Multivariable control means adjusting multiple single-loop controllers in unison, to meet ...

We investigate risk-averse stochastic optimization problems with a risk-shaping constraint in the form of a stochastic-order relation. Both univariate and multivariate orders are considered. We extend ...

Problem definition: Assortment selection is one of the most important decisions faced by retailers. Most existing papers in the literature assume that customers select at most one item out of the ...

TOKYO--(BUSINESS WIRE)--Yokogawa Electric Corporation (TOKYO:6841) announces the release of Dynamic Real Time Optimizer, a solution in the OpreX TM Asset Operations and Optimization family. Using a ...

Multivariable predictive control technology increased oil and gas production by 4% from BP PLC's Marlin tension leg platform (TLP) in the Gulf of Mexico. While multivariable control technology is ...

BOSTON--(BUSINESS WIRE)--SiteSpect, Inc., the leading provider of non-intrusive multivariate testing and behavioral targeting solutions, today announced that iStockphoto, the leading provider of safe, ...

At yearend 1998, Koa Oil Co. (now part of Nippon Oil Corp.) embarked on a comprehensive advanced control implementation at its refineries in Marifu and Osaka. The advanced control implementation ...