One of the first statistical arbitrage strategies is based on the simple idea of spreading stocks
(also known as pairs trading). The concept behind the strategy is to find similar securities …

We address the problem of a finite horizon single item maintenance optimization structured
as a combination of preventive and corrective maintenance in a nuclear power plant …

Many transportation agencies such as Departments of Transportation in the USA are using
Asset Management Optimization models to plan their maintenance and rehabilitation projects…

This research addresses three important questions for solving a general stochastic
optimization problem: proper modeling of the uncertainties and their interactions, use of …

As transportation agencies pursue performance-based management, increased level of scrutiny
is rightfully imposed by the stakeholders (tax-payers and their legislative representatives…

We analyze a system of N components with dependent failure times. The goal is to obtain the
optimal block replacement interval (different for each component) over a finite horizon that …

The majority of maintenance optimization literature is focused on pavement maintenance
related to pavement management systems. The literature does not cover well the proper …

When one models dependence solely via correlations, portfolio allocation models can
perform poorly. This motivates considering dependence measures other than correlation. …

We optimize replacement time for a system that fails according to an increasing failure-rate
distribution. The problem has a finite horizon, and our goal is to minimize expected total …

This paper describes the development and validation of three different single-year bridge
resource allocation optimization approaches and reduced multi-year formulation using integer …