University of Waterloo

Worst-case risk measures of stop-loss and limited loss random variables under distribution uncertainty with applications to robust reinsurance

Stop-loss and limited loss random variables are two important transforms of a loss random variable and appear in many modeling problems in insurance, finance, and other fields. Risk levels of a loss ...
Scientific Research Publishing

Interactive Fuzzy Programming for Random Fuzzy Two-Level Integer Programming Problems through Fractile Criteria with Possibility ()

This paper considers two-level integer programming problems involving random fuzzy variables with cooperative behavior of the decision makers. Considering the probabilities that the decision makers’ ...
IEEE

Time-dependent reliability analysis of flapping-wing mechanism considering truncated random variables

Abstract: Time-dependent reliability evaluation is an advantageous approach to estimate the failure probability of a mechanism in its motion period. Truncated random variables exist in most mechanisms ...
IEEE

Model predictive control with random variables of compound distributions and stochastic objective function

Abstract: Stochastic model predictive control (SMPC) can be used in a broad variety of fields, such as diverse optimization problems. One issue which recently emerges is that some random variables ...
Utah State University

Probability Models and Random Variables

The Virginia Lottery offers a game called the New Year's Millionaire Raffle for which the top prize is one million dollars. There are 375,000 tickets sold, of which 508 are winners. There are three ...