We seek to determine the optimal amount of the insurer’s investment in all types of assets for a small and closed economy. The goal is to detect the implications and contributions the risk seeker and risk aversion insurer commonly make and the effectiveness in the investment decision. Also, finding the optimum portfolio for each is the main goal of the present study. To this end, we adopted the...

Piston plays a vital role in almost all types of vehicles. The present study discusses the behavioral study of a piston manufacturing plant. Manufacturing plants are complex repairable systems and therefore, it is difficult to evaluate the performance of a piston manufacturing plant using stochastic models. The stochastic model is an efficient performance evaluator for repairable systems. In...

In this paper, we propose an extended relocation model for warehouses configuration in a supply chain network, in which uncertainty is associated to operational costs, production capacity and demands whereas, existing researches in this area are often restricted to deterministic environments. In real cases, we usually deal with stochastic parameters and this point justifies why the relocation m...

Determination of facilities, such as factories or warehouses, location and availability conditions is one of the important and strategic decisions for an organization to make. Transportation costs that form a major part of goods price are dependent to this decision making. There are verity of methods have been presented to achieve the optimal locations of these facilities which are generally de...

In this paper, the performance of a Ring Laser Gyro based inertial navigation is investigated. Dynamic and stochastic modeling are applied to gyro simulation and performance evaluation. In the dynamic model, some parameters such as scale factor and environmental sensitivity have been determined, whereas in the stochastic model, the other parameters such as random drift and measurement noise...

here in, an application of a new seismic inversion algorithm in one of iran’s oilfields is described. stochastic (geostatistical) seismic inversion, as a complementary method to deterministic inversion, is perceived as contribution combination of geostatistics and seismic inversion algorithm. this method integrates information from different data sources with different scales, as prior informat...

Here in, an application of a new seismic inversion algorithm in one of Iran’s oilfields is described. Stochastic (geostatistical) seismic inversion, as a complementary method to deterministic inversion, is perceived as contribution combination of geostatistics and seismic inversion algorithm. This method integrates information from different data sources with different scales, as prior informat...