While sitting in a courtroom, waiting to find out if he would be chosen for jury duty, Daniel Spielman had a revelation-all the work he and colleague Shanghua Teng had built up over the past three ...

George Bernard Dantzig, a Stanford University mathematics professor for three decades whose groundbreaking Simplex Algorithm has been used by industry to find the most efficient means to manufacture ...

This is a preview. Log in through your library . Abstract We prove that the classic policy-iteration method [Howard, R. A. 1960. Dynamic Programming and Markov Processes. MIT, Cambridge] and the ...

These criteria are useful when you want to divide a time-consuming optimization problem into a series of smaller problems. Since the Nelder-Mead simplex algorithm does not use derivatives, no ...

Pricing Partners, the independent valuation expert and a world leader in mathematical models and analytics for derivatives and structured products, announced today that Simplex, a new optimization ...