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By simulation, we investigate and compare the performance of production optimization by mean variance optimization, robust optimization, certainty equivalence optimization, and the reactive strategy.
The simulations demonstrate that certainty equivalence optimization and robust optimization are risky strategies.
The computations showed good agreement with the measurements and observations confirming that the model can reproduce the autothermal combustion of activated micronized coal and, thus, be employed with credible certainty to the computational design and optimization of new combustion (and gasification) devices fired with mechanically activated coal dust.
Robust optimization maximizes the expected NPV over an ensemble of permeability fields to overcome this shortcoming of certainty equivalence optimization.
Robust optimization reduces the risk compared to certainty equivalence optimization because it considers an ensemble of permeability fields instead of just the mean permeability field.
In certainty equivalence optimization, the mean value of the permeability field is used in the maximization of the NPV of the reservoir over its lifetime.
Elysium's first nutraceutical product, called Basis, promises "metabolic repair and optimization".
I.B.M. has placed SPSS and Cognos into a new business analytics and optimization group.
From numbers-crunchers comes Pecota, the acronym for Player Empirical Comparison and Optimization Test Algorithm.
6.253 Convex Analysis and Optimization.
Code generation and optimization.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com