It is well known that stochastic control systems can be viewed as Markov decision processes (MDPs) with continuous state spaces. In this paper, we propose to apply the policy iter...
— In this paper, we present a stable receding horizon model predictive control for discrete-time nonlinear systems. The standard MPC scheme is modified to incorporate (1) a bloc...
Jing Sun, Ilya V. Kolmanovsky, Reza Ghaemi, Shuhao...
This paper examines a problem related to the optimal risk management of banks in a stochastic dynamic setting. In particular, we minimize7 market and capital adequacy risk that in...
— In this paper we evolve the parameters of a proportional, integral, and derivative (PID) controller for an unstable, complex and nonlinear system. The individuals of the applie...
Software development project employs some Quality Control (QC) process to detect and remove defects. The final quality of the delivered software depends on the effort spent on al...