Optimal Management of a Multispecies Shorebird Flyway under Sea‐Level Rise

Optimal Operation of Microgrids Under Demand Side Management

One of the major problem in the optimal operation of the power system is optimal operation of microgrid with regard to the Demand-side-management. From one side, demand-side-management programs  reduce the operating costs of the power system and on the other hand, the implementation of these programs requires a financial incentive policies. In this paper, optimal operation of microgrid with dem...

The Optimal Number of Hospital Beds Under Uncertainty: A Costs Management Approach

Equipping hospital beds uses a great deal of a hospital''''s resources. Therefore, it is essential to consider the hospital beds'''' efficiency. To increase its efficiency, a fuzzy unrestricted model for managing hospital expenses is presented in this paper. The lack of beds in hospitals leads to patients’ admission loss and consecutively profit loss. On the other hand, increasing the bed count...

Optimal cash management under uncertainty

We solve an agent’s optimization problem of meeting demands for cash over time with cash deposited in bank or invested in stock. The stock pays dividends and uncertain capital gains, and a commission is incurred in buying and selling of stock. We use a stochastic maximum principle to obtain explicitly the optimal transaction policy.

Adaptive Management of Migratory Birds Under Sea Level Rise

The best practice method for managing ecological systems under uncertainty is adaptive management (AM), an iterative process of reducing uncertainty while simultaneously optimizing a management objective. Existing solution methods used for AM problems assume that the system dynamics are stationary, i.e., described by one of a set of pre-defined models. In reality ecological systems are rarely s...

Optimal Multispecies Harvesting in the Presence of a Nuisance Species