Daily Archives: June 14, 2016

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PhD thesis: Optimization Methods in a Stochastic Production Environment

Reza one of my PhD students has just finished his defense of his thesis titled “Optimization Methods in a Stochastic Production Environment“. I would like to congratulate Reza with his PhD title and for a good presentation at the defense. I have included the thesis summary below. Summary This dissertation with an interdisciplinary approach applies techniques from Operations Research and Statistics in order to develop models that support decisions regarding feeding and marketing of growing/finishing pigs. Stochastic dynamic programming is used as the main optimization tool to model decisions, and state space models are used as the primary statistical technique to describe the stochastic nature of the system. Based on data streams from online farm sensors and market prices, the state space model transforms data into information which is embedded into the decision models using Bayesian updating.