We consider a new simulation-based optimization method called the Nested Partitions (NP) method. This method generates a Markov chain and solving the optimization problem is equiv...
: In order to respond quickly to changing market requirements, a business organisation needs to increase the level of agility in all phases of the business process engineering chai...
Ivan Markovic, Alessandro Costa Pereira, Nenad Sto...
High-level stochastic description methods such as stochastic Petri nets, stochastic UML statecharts etc., together with specifications of performance variables (PVs), enable a co...
Window Abstraction for Infinite Markov Chains Thomas A. Henzinger1 , Maria Mateescu1 , and Verena Wolf1,2 1 EPFL, Switzerland 2 Saarland University, Germany Abstract. We present an...