We study an approximation for the zero-variance change of measure to estimate the probability of a rare event in a continuous-time Markov chain. The rare event occurs when the cha...
Pieter-Tjerk de Boer, Pierre L'Ecuyer, Gerardo Rub...
Developing and analyzing schedules is essential for successfully controlling the time aspect of construction projects. The critical path method of scheduling is by far the most wi...
Demand forecast plays a critical role to determine capital investment for capacity planning. Given the involved uncertainties and long lead-time for capacity expansion, semiconduc...
Semiconductor industry is capital intensive and competitive, and thus efficiently utilizing resources to provide products and services is essential for maintaining competitive adv...
We define the class of games called simulation-based games, in which the payoffs are available as an output of an oracle (simulator), rather than specified analytically or using a...