scholarly journals INDIVIDUAL LEARNING ABOUT CONSUMPTION

2001 ◽  
Vol 5 (02) ◽  
pp. 255-271 ◽  
Author(s):  
Todd W. Allen ◽  
Christopher D. Carroll
Keyword(s):  
Optimization Problem ◽  
Optimal Solution ◽  
Individual Learning ◽  
Household Behavior ◽  
Trial And Error ◽  
Optimal Behavior ◽  
Stochastic Optimization Problem ◽  
Rules Of Thumb ◽  
Dynamic Stochastic ◽  
Consumption Saving

The standard approach to modeling consumption/saving problems is to assume that the decisionmaker is solving a dynamic stochastic optimization problem. However, under realistic descriptions of utility and uncertainty, the optimal consumption/saving decision is so difficult that only recently have economists managed to find solutions, using numerical methods that require previously infeasible amounts of computation. Yet, empirical evidence suggests that household behavior conforms fairly well with the prescriptions of the optimal solution, raising the question of how average households can solve problems that economists, until recently, could not. This paper examines whether consumers might be able to find a reasonably good rule-of-thumb approximation to optimal behavior by trial-and-error methods, as Milton Friedman proposed long ago. We find that such individual learning methods can reliably identify reasonably good rules of thumb only if the consumer is able to spend absurdly large amounts of time searching for a good rule.

scholarly journals Real-time Bidding for Time Constrained Impression Contracts in First and Second Price Auctions - Theory and Algorithms

2021 ◽  
Vol 5 (3) ◽  
pp. 1-37
Author(s):  
Ryan J. Kinnear ◽  
Ravi R. Mazumdar ◽  
Peter Marbach
Keyword(s):  
Real Time ◽  
Optimization Problem ◽  
Optimal Solution ◽  
Piecewise Constant Function ◽  
Convex Optimization Problem ◽  
Piecewise Constant ◽  
Infinite Dimensional ◽  
Optimal Behavior ◽  
Price Auction ◽  
Second Price Auctions

We study the optimal bids and allocations in a real-time auction for heterogeneous items subject to the requirement that specified collections of items of given types be acquired within given time constraints. The problem is cast as a continuous time optimization problem that can, under certain weak assumptions, be reduced to a convex optimization problem. Focusing on the standard first and second price auctions, we first show, using convex duality, that the optimal (infinite dimensional) bidding policy can be represented by a single finite vector of so-called ''pseudo-bids''. Using this result we are able to show that the optimal solution in the second price case turns out to be a very simple piecewise constant function of time. This contrasts with the first price case that is more complicated. Despite the fact that the optimal solution for the first price auction is genuinely dynamic, we show that there remains a close connection between the two cases and that, empirically, there is almost no difference between optimal behavior in either setting. This suggests that it is adequate to bid in a first price auction as if it were in fact second price. Finally, we detail methods for implementing our bidding policies in practice with further numerical simulations illustrating the performance.

scholarly journals Optimal Multi Zones Search Technique to Detect a Lost Target by Using K Sensors

2021 ◽  
Vol 9 (4) ◽  
pp. 871-885
Author(s):  
Mohamed El-Hadidy ◽  
Hamdy Abou-Gabal ◽  
Aya Gabr
Keyword(s):  
Optimization Problem ◽  
Optimal Solution ◽  
Random Variable ◽  
Time Interval ◽  
Search Technique ◽  
Detection Function ◽  
Numerical Application ◽  
Reward Function ◽  
Stochastic Optimization Problem ◽  
Discrete Search

This paper presents the discrete search technique on multi zones to detect a lost target by using  sensors. The search region is divided into  zones. These zones contain an equal number of states (cells) not necessarily identical. Each zone has a one sensor to detect the target. The target moves over the cells according to a random process. We consider the searching effort as a random variable with a known probability distribution. The detection function with the discounted reward function in a certain state  and time interval  are given. The optimal effort distribution that minimizes the probability of undetection is obtained after solving a discrete stochastic optimization problem. An algorithm is constructed to obtain the optimal solution as in the numerical application.

CONTEXTUAL SUBTEXT INFORMATION OF A FOREIGN LANGUAGE TEXT: HERMENEUTIC APPROACH

2020 ◽  
Vol 2020 (30) ◽  
pp. 75-87
Author(s):  
Lidiya Derbenyova
Keyword(s):  
Foreign Language ◽  
Optimal Solution ◽  
Decision Making Process ◽  
Trial And Error ◽  
Transmission Of Information ◽  
Hermeneutic Approach ◽  
Trial And Error Method ◽  
Problems Of Translation ◽  
Error Method ◽  
Language Text

The article focuses on the problems of translation in the field of hermeneutics, understood as a methodology in the activity of an interpreter, the doctrine of the interpretation of texts, as a component of the transmission of information in a communicative aspect. The relevance of the study is caused by the special attention of modern linguistics to the under-researched issues of hermeneutics related to the problems of transmission of foreign language text semantics in translation. The process of translation in the aspect of hermeneutics is regarded as the optimum search and decision-making process, which corresponds to a specific set of functional criteria of translation, which can take many divergent forms. The translator carries out a number of specific translation activities: the choice of linguistic means and means of expression in the translation language, replacement and compensation of nonequivalent units. The search for the optimal solution itself is carried out using the “trial and error” method. The translator always acts as an interpreter. Within the boundaries of a individual utterance, it must be mentally reconstructed as conceptual situations, the mentally linguistic actions of the author, which are verbalized in this text.

A new algorithm for finding CRM-model coefficients

2019 ◽  
Vol 5 (3) ◽  
pp. 164-185 ◽  
Author(s):  
Alexander D. Bekman ◽  
Sergey V. Stepanov ◽  
Alexander A. Ruchkin ◽  
Dmitry V. Zelenin
Keyword(s):  
Approximate Solution ◽  
Optimization Problem ◽  
Optimal Solution ◽  
Complex Form ◽  
Approximate Solutions ◽  
The Other ◽  
Programming Algorithm ◽  
Stochastic Algorithms ◽  
Large Set ◽  
Flow Rates

The quantitative evaluation of producer and injector well interference based on well operation data (profiles of flow rates/injectivities and bottomhole/reservoir pressures) with the help of CRM (Capacitance-Resistive Models) is an optimization problem with large set of variables and constraints. The analytical solution cannot be found because of the complex form of the objective function for this problem. Attempts to find the solution with stochastic algorithms take unacceptable time and the result may be far from the optimal solution. Besides, the use of universal (commercial) optimizers hides the details of step by step solution from the user, for example&nbsp;— the ambiguity of the solution as the result of data inaccuracy.<br> The present article concerns two variants of CRM problem. The authors present a new algorithm of solving the problems with the help of “General Quadratic Programming Algorithm”. The main advantage of the new algorithm is the greater performance in comparison with the other known algorithms. Its other advantage is the possibility of an ambiguity analysis. This article studies the conditions which guarantee that the first variant of problem has a unique solution, which can be found with the presented algorithm. Another algorithm for finding the approximate solution for the second variant of the problem is also considered. The method of visualization of approximate solutions set is presented. The results of experiments comparing the new algorithm with some previously known are given.

scholarly journals Algebraic Solution to Constrained Bi-Criteria Decision Problem of Rating Alternatives through Pairwise Comparisons

Mathematics ◽  
2021 ◽  
Vol 9 (4) ◽  
pp. 303
Author(s):  
Nikolai Krivulin
Keyword(s):  
Decision Problem ◽  
Optimization Problem ◽  
Pareto Frontier ◽  
Sufficient Conditions ◽  
Approximation Error ◽  
Optimal Solution ◽  
Algebraic Solution ◽  
Pairwise Comparisons ◽  
Logarithmic Scale ◽  
Idempotent Algebra

We consider a decision-making problem to evaluate absolute ratings of alternatives from the results of their pairwise comparisons according to two criteria, subject to constraints on the ratings. We formulate the problem as a bi-objective optimization problem of constrained matrix approximation in the Chebyshev sense in logarithmic scale. The problem is to approximate the pairwise comparison matrices for each criterion simultaneously by a common consistent matrix of unit rank, which determines the vector of ratings. We represent and solve the optimization problem in the framework of tropical (idempotent) algebra, which deals with the theory and applications of idempotent semirings and semifields. The solution involves the introduction of two parameters that represent the minimum values of approximation error for each matrix and thereby describe the Pareto frontier for the bi-objective problem. The optimization problem then reduces to a parametrized vector inequality. The necessary and sufficient conditions for solutions of the inequality serve to derive the Pareto frontier for the problem. All solutions of the inequality, which correspond to the Pareto frontier, are taken as a complete Pareto-optimal solution to the problem. We apply these results to the decision problem of interest and present illustrative examples.

scholarly journals Quit When You Can: Efficient Evaluation of Ensembles by Optimized Ordering

2021 ◽  
Vol 17 (4) ◽  
pp. 1-20
Author(s):  
Serena Wang ◽  
Maya Gupta ◽  
Seungil You
Keyword(s):  
Optimization Problem ◽  
Optimal Solution ◽  
Combinatorial Optimization Problem ◽  
Joint Optimization ◽  
Early Stopping ◽  
Time Approximation ◽  
Approximation Bound ◽  
Evaluation Time ◽  
Speed Up ◽  
Real World Problems

Given a classifier ensemble and a dataset, many examples may be confidently and accurately classified after only a subset of the base models in the ensemble is evaluated. Dynamically deciding to classify early can reduce both mean latency and CPU without harming the accuracy of the original ensemble. To achieve such gains, we propose jointly optimizing the evaluation order of the base models and early-stopping thresholds. Our proposed objective is a combinatorial optimization problem, but we provide a greedy algorithm that achieves a 4-approximation of the optimal solution under certain assumptions, which is also the best achievable polynomial-time approximation bound. Experiments on benchmark and real-world problems show that the proposed Quit When You Can (QWYC) algorithm can speed up average evaluation time by 1.8–2.7 times on even jointly trained ensembles, which are more difficult to speed up than independently or sequentially trained ensembles. QWYC’s joint optimization of ordering and thresholds also performed better in experiments than previous fixed orderings, including gradient boosted trees’ ordering.

scholarly journals Robust Beamforming Design for Secure V2X Downlink System with Wireless Information and Power Transfer under a Nonlinear Energy Harvesting Model

Sensors ◽  
2018 ◽  
Vol 18 (10) ◽  
pp. 3294 ◽  
Author(s):  
Shidang Li ◽  
Chunguo Li ◽  
Weiqiang Tan ◽  
Baofeng Ji ◽  
Luxi Yang
Keyword(s):  
Energy Harvesting ◽  
Traffic Safety ◽  
Optimization Problem ◽  
Optimal Solution ◽  
Base Station ◽  
Power Splitting ◽  
Power Transfer ◽  
Vehicular Communication ◽  
Downlink System ◽  
Nonlinear Energy

Vehicle to everything (V2X) has been deemed a promising technology due to its potential to achieve traffic safety and efficiency. This paper considers a V2X downlink system with a simultaneous wireless information and power transfer (SWIPT) system where the base station not only conveys data and energy to two types of wireless vehicular receivers, such as one hybrid power-splitting vehicular receiver, and multiple energy vehicular receivers, but also prevents information from being intercepted by the potential eavesdroppers (idle energy vehicular receivers). Both the base station and the energy vehicular receivers are equipped with multiple antennas, whereas the information vehicular receiver is equipped with a single antenna. In particular, the imperfect channel state information (CSI) and the practical nonlinear energy harvesting (EH) model are taken into account. The non-convex optimization problem is formulated to maximize the minimum harvested energy power among the energy vehicular receivers satisfying the lowest harvested energy power threshold at the information vehicular receiver and secure vehicular communication requirements. In light of the intractability of the optimization problem, the semidefinite relaxation (SDR) technique and variable substitutions are applied, and the optimal solution is proven to be tight. A number of results demonstrate that the proposed robust secure beamforming scheme has better performance than other schemes.

scholarly journals Topology Optimization of Automotive sheet metal part using Altair Inspire

2020 ◽  
Vol 5 (3) ◽  
pp. 143-150
Author(s):  
Netsanet Ferede
Keyword(s):  
Topology Optimization ◽  
Sheet Metal ◽  
Optimization Problem ◽  
Optimal Solution ◽  
Sheet Metal Part ◽  
Metal Part ◽  
Solution Quality ◽  
Design Engineers ◽  
Automotive Sheet ◽  
Reduced Costs

In an optimization problem, different candidate solutions are compared with each other, and then the best or optimal solution is obtained which means that solution quality is fundamental. Topology optimization is used at the concept stage of design. It deals with the optimal distribution of material within the structure. Altair Inspire software is the industry's most powerful and easy-to-use Generative Design/Topology Optimization and rapid simulation solution for design engineers. In this paper Topology optimization is applied using Altair inspire to optimize the Sheet metal Angle bracket. Different results are conducted the better and final results are fulfilling the goal of the paper which is minimizing the mass of the sheet metal part by 65.9%  part and Maximizing the stiffness with Better Results of Von- Miss Stress Analysis,  Displacement, and comparison with different load cases.  This can lead to reduced costs, development time, material consumption, and product less weight.

Design of Low Order Controllers for Decoupled MIMO Systems With Time Response Specifications

2018 ◽  
pp. 90-128
Author(s):  
Maher Ben Hariz ◽  
Wassila Chagra ◽  
Faouzi Bouani
Keyword(s):  
Convex Optimization ◽  
Optimization Problem ◽  
Closed Loop ◽  
Mimo Systems ◽  
Design Method ◽  
Optimal Solution ◽  
Time Response ◽  
Convex Optimization Problem ◽  
Tito Systems ◽  
Low Order

The design of a low order controller for decoupled MIMO systems is proposed. The main objective of this controller is to guarantee some closed loop time response performances such as the settling time and the overshoot. The controller parameters are obtained by resolving a non-convex optimization problem. In order to obtain an optimal solution, the use of a global optimization method is suggested. In this chapter, the proposed solution is the GGP method. The principle of this method consists of transforming a non-convex optimization problem to a convex one by some mathematical transformations. So as to accomplish the fixed goal, it is imperative to decouple the coupled MIMO systems. To approve the controllers' design method, the synthesis of fixed low order controller for decoupled TITO systems is presented firstly. Then, this design method is generalized in the case of MIMO systems. Simulation results and a comparison study between the presented approach and a PI controller are given in order to show the efficiency of the proposed controller. It is remarkable that the obtained solution meets the desired closed loop time specifications for each system output. It is also noted that by considering the proposed approach the user can fix the desired closed loop performances for each output independently.

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