Title: Time Consistency in Multistage Stochastic OptimizationSpeaker: Prof. Georg PflugAffiliation: Department of Statistics and Operations Research - University of Vienna Location: CPSE seminar room (C615 Roderic Hill)Time: 11:00amAbstract. A fundamental principle for dynamic optimization is Bellman's priciple, stating that at any initially optimal decision sequence is also optimal at later stages. This time-consistency principle is... Read more »

Title: Applications and BeyondSpeaker: Amit M. ManthanwarAffiliation: On Industrial Process Automation and Control TheoryLocation: CPSE seminar room (C615 Roderic Hill)Time: 3:00pmAbstract. At the end of second millennia advent of the technology of Model Predictive Control (MPC) has revolutionized the way process industry is controlled and operated. This technological breakthrough for industrial process automation asks the... Read more »