This note is a complementary material for the solution of optimal real-time bidding function in paper [1], where the estimated cost is taken as the bid price, i.e., the upper bound of the true cost. Here we discuss a more general bid optimisation framework with various utility and cost functions. 1 Preliminaries Define the bidding function as b(r) which returns the bid price given the estimated...

The advent in recent years of robust, real-time, model-based tracking techniques for rigid and non-rigid moving objects has made automated surveillance and event recognition a possibility. We present a statistically based model of object trajectories which is learnt from image sequences. Trajectory data is supplied by a tracker using Active Shape Models, from which a model of the distribution o...

Oil production optimization is one of the main targets of reservoir management. Smart well technology gives the ability of real time oil production optimization. Although this technology has many advantages; optimum adjustment or sizing of corresponding valves is still an issue to be solved. In this research, optimum port sizing of inflow control devices (ICDs) which are passive control valves ...

optimization through simulation is considered anefficient tool in dealing with optimization problems. it’s a tool that iscapable to cover real world problems to a much more complete way than the otheroptimization tools. the problem of this tool is the necessity of heavyprocessing computations. this problem is caused not only since the simulationprocess is time consuming, but the objective funct...