This note studies the optimality conditions of vector optimization problems involving generalized convexity in locally convex spaces. Based upon the concept of Dini set-valued directional derivatives, the necessary an...This note studies the optimality conditions of vector optimization problems involving generalized convexity in locally convex spaces. Based upon the concept of Dini set-valued directional derivatives, the necessary and sufficient optimality conditions are established for Henig proper and strong minimal solutions respectively in generalized preinvex vector optimization problems.展开更多
The set-valued optimization problem with constraints is considered in the sense of super efficiency in locally convex linear topological spaces. Under the assumption of iccone-convexlikeness, by applying the seperatio...The set-valued optimization problem with constraints is considered in the sense of super efficiency in locally convex linear topological spaces. Under the assumption of iccone-convexlikeness, by applying the seperation theorem, Kuhn-Tucker＇s, Lagrange＇s and saddle points optimality conditions, the necessary conditions are obtained for the set-valued optimization problem to attain its super efficient solutions. Also, the sufficient conditions for Kuhn-Tucker＇s, Lagrange＇s and saddle points optimality conditions are derived.展开更多
In this paper, a characterization of tightly properly efficient solutions of set-valued optimization problem is obtained. The concept of the well-posedness for a special scalar problem is linked with the tightly prope...In this paper, a characterization of tightly properly efficient solutions of set-valued optimization problem is obtained. The concept of the well-posedness for a special scalar problem is linked with the tightly properly efficient solutions of set-valued optimization problem.展开更多
It’s systematically analyzed that energy efficiency optimization technology has been applied in the field of steel industry. The fundamental principal of energy optimization technology is reasonably matching the qual...It’s systematically analyzed that energy efficiency optimization technology has been applied in the field of steel industry. The fundamental principal of energy optimization technology is reasonably matching the quality and price of energy as well as energy-dominated systematic energy efficiency management system. Specific measures of energy optimization have been put forward, which include taking high efficiency utilized technology such as energy saving from the original, the production process and recycling of waste heat and waste energy etc., integrating and configuring energy in an optimized way of high efficiency and excellent quality, fully realizing the function of different energy in order to optimize the utilization sequence of energy, and improving the energy medium system by themselves. Finally it is clearly pointed out that the steel industry should pay more consideration about the great deal of energy system which they have used now and an ideal energy evaluation methodology and standard should be built as soon as possible if they want to take full usage of the real role and function of energy in all aspects.展开更多
The expansion of renewable energy sources(RESs)in European Union countries has given rise to the development of Renewable Energy Communities(RECs),which aremade up of locally generated energy by these RESs controlled ...The expansion of renewable energy sources(RESs)in European Union countries has given rise to the development of Renewable Energy Communities(RECs),which aremade up of locally generated energy by these RESs controlled by individuals,businesses,enterprises,and public administrations.There are several advantages for creating these RECs and participating in them,which include social,environmental,and financial.Nonetheless,according to the Renewable Energy Directive(RED II),the idea of RECs has given opportunities for researchers to investigate the behavior from all aspects.These RECs are characterized by energy fluxes corresponding to self-consumption,energy sales,and energy sharing.Our work focuses on amathematical time-dependentmodel on an hourly basis that considers the optimization of photovoltaic-based RECs tomaximize profit based on the number of prosumers and consumers,as well as the impact of load profiles on the community’s technical and financial aspects usingMATLAB software.In this work,REC’s users can install their plant and become prosumers or vice versa,and users could change their consumption habits until the optimumconfiguration of REC is obtained.Moreover,this work also focuses on the financial analysis of the plant by comparing the Net Present Value(NPV)as a function of plant size,highlighting the advantage of creating a REC.Numerical results have been obtained investigating the case studies of RECs as per the Italian framework,which shows an optimal distribution of prosumers and consumers and an optimal load profile in which the maximum profitability is obtained.Optimization has been performed by considering different load profiles.Moreover,starting from the optimized configurations,an analysis based on the plant size is also made to maximize the NPV.This work has shown positive outcomes and would be helpful for the researchers and stakeholders while designing the RECs.展开更多
This paper discusses optimal reinsurance strategy by minimizing insurer's risk under one general risk measure:Distortion risk measure.The authors assume that the reinsurance premium is determined by the expected v...This paper discusses optimal reinsurance strategy by minimizing insurer's risk under one general risk measure:Distortion risk measure.The authors assume that the reinsurance premium is determined by the expected value premium principle and the retained loss of the insurer is an increasing function of the initial loss.An explicit solution of the insurer's optimal reinsurance problem is obtained.The optimal strategies for some special distortion risk measures,such as value-at-risk(VaR) and tail value-at-risk(TVaR),are also investigated.展开更多
In this paper, we study Henig efficiency in vector optimization with nearly cone-subconvexlike set-valued function. The existence of Henig efficient point is proved and characterization of Henig efficiency is establis...In this paper, we study Henig efficiency in vector optimization with nearly cone-subconvexlike set-valued function. The existence of Henig efficient point is proved and characterization of Henig efficiency is established using the method of Lagrangian multiplier. As an interesting application of the results in this paper, we establish a Lagrange multiplier theorem for super efficiency in vector optimization with nearly conesubconvexlike set-valued function.展开更多
We propose a new expected value of rooted graph in this article,that is, when G is a rooted graph that each vertex may independently succeed with probability p when catastrophic thing happened, we consider the expecte...We propose a new expected value of rooted graph in this article,that is, when G is a rooted graph that each vertex may independently succeed with probability p when catastrophic thing happened, we consider the expected number of edges in the operational component of G which containing the root. And we get a very important and useful compute formula which is called deletion-contraction edge formula. By using this formula, we get the computational formulas of expected value for some special graphs. We also discuss the mean of expected value when parameter p has certain prior distribution. Finally, we propose mean-variance optimality when rooted graph has the equilibrium point which has larger mean and smaller variance.展开更多
Spares inventory configuration optimization is an effective way to improve readiness and reduce life cycle cost of equipment.Through analyzing two-echelon spares support system,the METRIC model basic theory was used.A...Spares inventory configuration optimization is an effective way to improve readiness and reduce life cycle cost of equipment.Through analyzing two-echelon spares support system,the METRIC model basic theory was used.An inventory configuration optimization model of two-echelon spares support system was proposed which took the spares expected shortfall as the object and made the minimum repairable parts expected shortfall instead of the maximum spares supportability as the objective function.Marginal efficiency analysis algorithm was applied to optimizing the spares configuration and generating a rational spares inventory configuration.Finally,several examples are given to verify the model.展开更多
In this paper, firstly, a new notion of generalized cone convex set-valued map is introduced in real normed spaces. Secondly, a property of the generalized cone convex set-valued map involving the contingent epideriva...In this paper, firstly, a new notion of generalized cone convex set-valued map is introduced in real normed spaces. Secondly, a property of the generalized cone convex set-valued map involving the contingent epiderivative is obtained. Finally, as the applications of this property, we use the contingent epiderivative to establish optimality conditions of the set-valued optimization problem with generalized cone convex set-valued maps in the sense of Henig proper efficiency. The results obtained in this paper generalize and improve some known results in the literature.展开更多
In order to study the effect of different risk measures on the efficient portfolios （fron- tier） while properly describing the characteristic of return distributions in the stock market, it is assumed in this paper ...In order to study the effect of different risk measures on the efficient portfolios （fron- tier） while properly describing the characteristic of return distributions in the stock market, it is assumed in this paper that the joint return distribution of risky assets obeys the multivariate t-distribution. Under the mean-risk analysis framework, the interrelationship of efficient portfolios （frontier） based on risk measures such as variance, value at risk （VaR）, and expected shortfall （ES） is analyzed and compared. It is proved that, when there is no riskless asset in the market, the efficient frontier under VaR or ES is a subset of the mean-variance （MV） efficient frontier, and the efficient portfolios under VaR or ES are also MV efficient; when there exists a riskless asset in the market, a portfolio is MV efficient if and only if it is a VaR or ES efficient portfolio. The obtained results generalize relevant conclusions about investment theory, and can better guide investors to make their investment decision.展开更多
The conventional optimization methods were generally based on a deterministic approach, since their purpose is to find out an accurate solution. However, when the solution space is extremely narrowed as a result of se...The conventional optimization methods were generally based on a deterministic approach, since their purpose is to find out an accurate solution. However, when the solution space is extremely narrowed as a result of setting many inequality constraints, an ingenious scheme based on experience may be needed. Similarly, parameters must be adjusted with solution search algorithms when nonlinearity of the problem is strong, because the risk of falling into local solution is high. Thus, we here propose a new method in which the optimization problem is replaced with stochastic process based on path integral techniques used in quantum mechanics and an approximate value of optimal solution is calculated as an expected value instead of accurate value. It was checked through some optimization problems that this method using stochastic process is effective. We call this new optimization method “stochastic process optimization technique (SPOT)”. It is expected that this method will enable efficient optimization by avoiding the above difficulties. In this report, a new optimization method based on a stochastic process is formulated, and several calculation examples are shown to prove its effectiveness as a method to obtain approximate solution for optimization problems.展开更多
In this article,we study optimal reinsurance design.By employing the increasing convex functions as the admissible ceded loss functions and the distortion premium principle,we study and obtain the optimal reinsurance ...In this article,we study optimal reinsurance design.By employing the increasing convex functions as the admissible ceded loss functions and the distortion premium principle,we study and obtain the optimal reinsurance treaty by minimizing the VaR(value at risk)of the reinsurer's total risk exposure.When the distortion premium principle is specified to be the expectation premium principle,we also obtain the optimal reinsurance treaty by minimizing the CTE(conditional tail expectation)of the reinsurer's total risk exposure.The present study can be considered as a complement of that of Cai et al.[5].展开更多
This paper presents the search technique for a lost target. A lost target is random walker on one of two intersected real lines, and the purpose is to detect the target as fast as possible. We have four searchers star...This paper presents the search technique for a lost target. A lost target is random walker on one of two intersected real lines, and the purpose is to detect the target as fast as possible. We have four searchers start from the point of intersection, they follow the so called Quasi-Coordinated search plan. The expected value of the first meeting time between one of the searchers and the target is investigated, also we show the existence of the optimal search strategy which minimizes this first meeting time.展开更多
This paper deals with higher-order optimality conditions and duality theory for approximate solutions in vector optimization involving non-convex set-valued maps.Firstly,under the assumption of near cone-subconvexlike...This paper deals with higher-order optimality conditions and duality theory for approximate solutions in vector optimization involving non-convex set-valued maps.Firstly,under the assumption of near cone-subconvexlikeness for set-valued maps,the higher necessary and sufficient optimality conditions in terms of Studniarski derivatives are derived for local weak approximate minimizers of a set-valued optimization problem.Then,applications to Mond-Weir type dual problem are presented.展开更多
The concept of a cone subarcwise connected set-valued map is introduced. Several examples are given to illustrate that the cone subarcwise connected set-valued map is a proper generalization of the cone arcwise connec...The concept of a cone subarcwise connected set-valued map is introduced. Several examples are given to illustrate that the cone subarcwise connected set-valued map is a proper generalization of the cone arcwise connected set-valued map, as well as the arcwise connected set is a proper generalization of the convex set,respectively. Then, by virtue of the generalized second-order contingent epiderivative, second-order necessary optimality conditions are established for a point pair to be a local global proper efficient element of set-valued optimization problems. When objective function is cone subarcwise connected, a second-order sufficient optimality condition is also obtained for a point pair to be a global proper efficient element of set-valued optimization problems.展开更多
文摘This note studies the optimality conditions of vector optimization problems involving generalized convexity in locally convex spaces. Based upon the concept of Dini set-valued directional derivatives, the necessary and sufficient optimality conditions are established for Henig proper and strong minimal solutions respectively in generalized preinvex vector optimization problems.
基金Supported by the National Natural Science Foundation of China (10461007)the Science and Technology Foundation of the Education Department of Jiangxi Province (GJJ09069)
文摘The set-valued optimization problem with constraints is considered in the sense of super efficiency in locally convex linear topological spaces. Under the assumption of iccone-convexlikeness, by applying the seperation theorem, Kuhn-Tucker＇s, Lagrange＇s and saddle points optimality conditions, the necessary conditions are obtained for the set-valued optimization problem to attain its super efficient solutions. Also, the sufficient conditions for Kuhn-Tucker＇s, Lagrange＇s and saddle points optimality conditions are derived.
文摘In this paper, a characterization of tightly properly efficient solutions of set-valued optimization problem is obtained. The concept of the well-posedness for a special scalar problem is linked with the tightly properly efficient solutions of set-valued optimization problem.
文摘It’s systematically analyzed that energy efficiency optimization technology has been applied in the field of steel industry. The fundamental principal of energy optimization technology is reasonably matching the quality and price of energy as well as energy-dominated systematic energy efficiency management system. Specific measures of energy optimization have been put forward, which include taking high efficiency utilized technology such as energy saving from the original, the production process and recycling of waste heat and waste energy etc., integrating and configuring energy in an optimized way of high efficiency and excellent quality, fully realizing the function of different energy in order to optimize the utilization sequence of energy, and improving the energy medium system by themselves. Finally it is clearly pointed out that the steel industry should pay more consideration about the great deal of energy system which they have used now and an ideal energy evaluation methodology and standard should be built as soon as possible if they want to take full usage of the real role and function of energy in all aspects.
文摘The expansion of renewable energy sources(RESs)in European Union countries has given rise to the development of Renewable Energy Communities(RECs),which aremade up of locally generated energy by these RESs controlled by individuals,businesses,enterprises,and public administrations.There are several advantages for creating these RECs and participating in them,which include social,environmental,and financial.Nonetheless,according to the Renewable Energy Directive(RED II),the idea of RECs has given opportunities for researchers to investigate the behavior from all aspects.These RECs are characterized by energy fluxes corresponding to self-consumption,energy sales,and energy sharing.Our work focuses on amathematical time-dependentmodel on an hourly basis that considers the optimization of photovoltaic-based RECs tomaximize profit based on the number of prosumers and consumers,as well as the impact of load profiles on the community’s technical and financial aspects usingMATLAB software.In this work,REC’s users can install their plant and become prosumers or vice versa,and users could change their consumption habits until the optimumconfiguration of REC is obtained.Moreover,this work also focuses on the financial analysis of the plant by comparing the Net Present Value(NPV)as a function of plant size,highlighting the advantage of creating a REC.Numerical results have been obtained investigating the case studies of RECs as per the Italian framework,which shows an optimal distribution of prosumers and consumers and an optimal load profile in which the maximum profitability is obtained.Optimization has been performed by considering different load profiles.Moreover,starting from the optimized configurations,an analysis based on the plant size is also made to maximize the NPV.This work has shown positive outcomes and would be helpful for the researchers and stakeholders while designing the RECs.
基金Zheng's research was supported by the Program of National Natural Science Foundation of Youth of China under Grant No.11201012 and PHR201007125Yang's research was supported by the Key Program of National Natural Science Foundation of China under Grant No.11131002the National Natural Science Foundation of China under Grant No.11271033
文摘This paper discusses optimal reinsurance strategy by minimizing insurer's risk under one general risk measure:Distortion risk measure.The authors assume that the reinsurance premium is determined by the expected value premium principle and the retained loss of the insurer is an increasing function of the initial loss.An explicit solution of the insurer's optimal reinsurance problem is obtained.The optimal strategies for some special distortion risk measures,such as value-at-risk(VaR) and tail value-at-risk(TVaR),are also investigated.
基金the Natural Science Foundation of Zhejiang Province,China(M103089)
文摘In this paper, we study Henig efficiency in vector optimization with nearly cone-subconvexlike set-valued function. The existence of Henig efficient point is proved and characterization of Henig efficiency is established using the method of Lagrangian multiplier. As an interesting application of the results in this paper, we establish a Lagrange multiplier theorem for super efficiency in vector optimization with nearly conesubconvexlike set-valued function.
基金Supported by the National Natural Science Foundation of China(No:6087206011071158)+1 种基金the Science Foundation of Shanghai Education Committee(No:12ZZ193)the Natural Science Foundation of Shanghai city(No:12ZR1421000)
文摘We propose a new expected value of rooted graph in this article,that is, when G is a rooted graph that each vertex may independently succeed with probability p when catastrophic thing happened, we consider the expected number of edges in the operational component of G which containing the root. And we get a very important and useful compute formula which is called deletion-contraction edge formula. By using this formula, we get the computational formulas of expected value for some special graphs. We also discuss the mean of expected value when parameter p has certain prior distribution. Finally, we propose mean-variance optimality when rooted graph has the equilibrium point which has larger mean and smaller variance.
文摘Spares inventory configuration optimization is an effective way to improve readiness and reduce life cycle cost of equipment.Through analyzing two-echelon spares support system,the METRIC model basic theory was used.An inventory configuration optimization model of two-echelon spares support system was proposed which took the spares expected shortfall as the object and made the minimum repairable parts expected shortfall instead of the maximum spares supportability as the objective function.Marginal efficiency analysis algorithm was applied to optimizing the spares configuration and generating a rational spares inventory configuration.Finally,several examples are given to verify the model.
基金supported by the National Nature Science Foundation of China(11431004,11471291)the General Project of Chongqing Frontier and Applied Foundation Research(cstc2015jcyj A00050)the Key Project of Chongqing Frontier and Applied Foundation Research(cstc2017jcyj BX0055,cstc2015jcyj BX0113)
文摘In this paper, firstly, a new notion of generalized cone convex set-valued map is introduced in real normed spaces. Secondly, a property of the generalized cone convex set-valued map involving the contingent epiderivative is obtained. Finally, as the applications of this property, we use the contingent epiderivative to establish optimality conditions of the set-valued optimization problem with generalized cone convex set-valued maps in the sense of Henig proper efficiency. The results obtained in this paper generalize and improve some known results in the literature.
基金Supported by the NNSF of China (10571141) the Key Project of the NNSF of China (70531030).
文摘In order to study the effect of different risk measures on the efficient portfolios （fron- tier） while properly describing the characteristic of return distributions in the stock market, it is assumed in this paper that the joint return distribution of risky assets obeys the multivariate t-distribution. Under the mean-risk analysis framework, the interrelationship of efficient portfolios （frontier） based on risk measures such as variance, value at risk （VaR）, and expected shortfall （ES） is analyzed and compared. It is proved that, when there is no riskless asset in the market, the efficient frontier under VaR or ES is a subset of the mean-variance （MV） efficient frontier, and the efficient portfolios under VaR or ES are also MV efficient; when there exists a riskless asset in the market, a portfolio is MV efficient if and only if it is a VaR or ES efficient portfolio. The obtained results generalize relevant conclusions about investment theory, and can better guide investors to make their investment decision.
文摘The conventional optimization methods were generally based on a deterministic approach, since their purpose is to find out an accurate solution. However, when the solution space is extremely narrowed as a result of setting many inequality constraints, an ingenious scheme based on experience may be needed. Similarly, parameters must be adjusted with solution search algorithms when nonlinearity of the problem is strong, because the risk of falling into local solution is high. Thus, we here propose a new method in which the optimization problem is replaced with stochastic process based on path integral techniques used in quantum mechanics and an approximate value of optimal solution is calculated as an expected value instead of accurate value. It was checked through some optimization problems that this method using stochastic process is effective. We call this new optimization method “stochastic process optimization technique (SPOT)”. It is expected that this method will enable efficient optimization by avoiding the above difficulties. In this report, a new optimization method based on a stochastic process is formulated, and several calculation examples are shown to prove its effectiveness as a method to obtain approximate solution for optimization problems.
基金the Natural Science Foundation of Xinjiang Province(2018D01C074)the National Natural Science Foundation of China(11861064,11771343,61563050)。
文摘In this article,we study optimal reinsurance design.By employing the increasing convex functions as the admissible ceded loss functions and the distortion premium principle,we study and obtain the optimal reinsurance treaty by minimizing the VaR(value at risk)of the reinsurer's total risk exposure.When the distortion premium principle is specified to be the expectation premium principle,we also obtain the optimal reinsurance treaty by minimizing the CTE(conditional tail expectation)of the reinsurer's total risk exposure.The present study can be considered as a complement of that of Cai et al.[5].
文摘This paper presents the search technique for a lost target. A lost target is random walker on one of two intersected real lines, and the purpose is to detect the target as fast as possible. We have four searchers start from the point of intersection, they follow the so called Quasi-Coordinated search plan. The expected value of the first meeting time between one of the searchers and the target is investigated, also we show the existence of the optimal search strategy which minimizes this first meeting time.
基金supported by Natural Science Foundation of China government under Grant No.11861002Natural Science Foundation of Ningxia under Grant No.NZ17112+3 种基金First-Class Disciplines Foundation of Ningxia under Grant No.NXYLXK2017B09The Key Project of North Minzu University under Grant No.ZDZX201804Graduate Innovation Project of North Minzu University No.YCX19122Nonlinear analysis and financial optimization research center of North Minzu University
文摘This paper deals with higher-order optimality conditions and duality theory for approximate solutions in vector optimization involving non-convex set-valued maps.Firstly,under the assumption of near cone-subconvexlikeness for set-valued maps,the higher necessary and sufficient optimality conditions in terms of Studniarski derivatives are derived for local weak approximate minimizers of a set-valued optimization problem.Then,applications to Mond-Weir type dual problem are presented.
基金Supported by the National Natural Science Foundation of China Grant 11461044the Natural Science Foundation of Jiangxi Province(20151BAB201027)the Science and Technology Foundation of the Education Department of Jiangxi Province(GJJ12010)
文摘The concept of a cone subarcwise connected set-valued map is introduced. Several examples are given to illustrate that the cone subarcwise connected set-valued map is a proper generalization of the cone arcwise connected set-valued map, as well as the arcwise connected set is a proper generalization of the convex set,respectively. Then, by virtue of the generalized second-order contingent epiderivative, second-order necessary optimality conditions are established for a point pair to be a local global proper efficient element of set-valued optimization problems. When objective function is cone subarcwise connected, a second-order sufficient optimality condition is also obtained for a point pair to be a global proper efficient element of set-valued optimization problems.
