We present a simple dynamic equilibrium model for an online exchange where both buyers and sellers arrive according to a exogenously defined stochastic process. The structure of t...
This paper proposes a stochastic dynamic programming model for a short-term capacity planning model for air cargo space. The long-term cargo space is usually acquired by freight fo...
Ek Peng Chew, Huei Chuen Huang, Ellis L. Johnson, ...
While existing mathematical descriptions can accurately account for phenomena at microscopic scales (e.g. molecular dynamics), these are often high-dimensional, stochastic and thei...
We introduce a stochastic model that describes the quasistatic dynamics of an electric transmission network under perturbations introduced by random load fluctuations, random rem...
Marian Anghel, Kenneth A. Werley, Adilson E. Motte...