Concept

Satisficing

Related publications (28)

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Cognitive twin construction for system of systems operation based on semantic integration and high-level architecture

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With the increasing complexity of engineered systems, digital twins (DTs) have been widely used to support integrated modeling, simulation, and decision-making of the system of systems (SoS). However, when integrating DTs of each constituent system, it is ...

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This paper analyzes and evaluates several policies aiming to mitigate the congestion effect a Transportation Network Company (TNC) brings to bear on an idealized city that contains a dense central core surrounded by a larger periphery. The TNC offers both ...

2022

, ,

We propose a framework to find optimal price-based policies to regulate markets characterized by oligopolistic competition and in which consumers make a discrete choice among a finite set of alternatives. With this framework, we can include general discret ...

EPFL2021

Price-based regulation of oligopolistic markets under discrete choice models of demand

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We propose a framework to find optimal price-based policies to regulate markets characterized by oligopolistic competition and in which consumers make a discrete choice among a finite set of alternatives. The framework accommodates general discrete choice ...

2021

Coronavirus disease 2019 (COVID-19) has caused strain on health systems worldwide due to its high mortality rate and the large portion of cases requiring critical care and mechanical ventilation. During these uncertain times, public health decision makers, ...

NATURE PORTFOLIO2021

A Simulation-Based Heuristic to Find Approximate Equilibria with Disaggregate Demand Models

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Oligopolistic competition occurs in various transportation markets. In this paper, we introduce a framework to find approximate equilibrium solutions of oligopolistic markets in which demand is modeled at the disaggregate level using discrete choice models ...

INFORMS2021

Multi-armed Bandits in Action

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Making decisions is part and parcel of being human. Among a set of actions, we want to choose the one that has the highest reward. But the uncertainty of the outcome prevents us from always making the right decision. Making decisions under uncertainty can ...

EPFL2020

A disaggregate choice-based approach to find epsilon-equilibria of oligopolistic markets

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We present a general framework to find epsilon-equilibrium solutions of oligopolistic markets in which demand is modeled at the disaggregate level using discrete choice models. Consumer choices are modeled according to random utility theory, and the choice ...

2019

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