Sequential decision-making under uncertainty is a foundational topic in multiple fields - including economics, operations research, and computer science, built around the foundation of Markov decision ...

Emerson Automation Solutions has launched the latest version of its reservoir characterization and modeling software, Roxar RMS 10.1. Through even greater advances to the seismic to flow simulation ...

The background for this paper is a dynamic programming model with a Borel state space and compact action sets. A new simple proof of the compactness of a space of measures corresponding to randomized ...

A new theory of economic decision-making offers an explanation as to why humans, in general, make decisions that are simply adequate, not optimal. A new theory of economic decision-making from Mina ...

Preservation of biodiversity is a central goal of conservation management, yet the conditions that promote persistence may differ for the species in the community. For systems subject to stochastic ...