uncertainty inherent in the financial market was usually consid- ered to be random. however, randomness is only one special type of uncer- tainty and appropriate when describing objective information. for describing subjective information it is preferred to assume that uncertainty is fuzzy. this paper defines the expected payoof trading strategies in a fuzzy financial market within the framewor...

Simple exponential smoothing (SES) methods are the most commonly used methods in forecasting and time series analysis. However, they are generally insensitive to non-stationary structural events such as level shifts, ramp shifts, and spikes or impulses. Similar to that of outliers in stationary time series, these non-stationary events will lead to increased level of errors in the forecasting pr...

The aim of this paper is to propose a robust reliable bi-objective supply chain network design (SCND) model that is capable of controlling different kinds of uncertainties, concurrently. In this regard, stochastic bi-level scenario based programming approach which is used to model various scenarios related to strike of disruptions. The well-known method helps to overcome adverse effects of disr...

an optimal desirability function method is proposed to optimize multiple responses in multiple production scenarios, simultaneously. in dynamic environments, changes in production requirements in each condition create different production scenarios. therefore, in multiple production scenarios like producing in several production lines with different technologies in a factory, various fitted res...

We study the fractal properties of the distances between consecutive primes. The distance sequence is found to be well described by a non-stationary exponential probability distribution. We propose an intensity-expansion method to treat this non-stationarity and we find that the statistics underlying the distance between consecutive primes is Gaussian and that, by transforming the distance sequ...

− Recently we proposed an approach based on digital filtering for evaluating dynamic non-stationary contributions to the measurement uncertainty. A dynamic simulator instead of a digital filter bank is here utilized for deriving the dynamic measurement uncertainty of mixed capacitive voltage dividers. These are used for lightning impulse measurements, during a calibration measurement of a stand...

The contribution of this thesis is to provide a tractable framework for supply chains and revenue management problems subject to uncertainty that gives insight into the structure of the optimal policy and requires little knowledge of the underlying probability distributions. Instead, we build upon recent advances in the field of robust optimization to develop models of uncertainty that make few...