Understanding Average Cost Flow Assumption: Methods and Benefits

Learn how average cost flow assumption helps businesses manage costs efficiently in inventory, COGS, and ending inventory. Explore its applications and benefits.

Maximizing Monopoly Profits: Equating Marginal Cost and Revenue

Learn how monopolies maximize profits by equating marginal cost and revenue. Discover the economic principles guiding price and output decisions in monopoly markets.
IEEE

Inverse Model Predictive Control: Learning Optimal Control Cost Functions for MPC

Abstract: Inverse optimal control (IOC) seeks to infer a control cost function that captures the underlying goals and preferences of expert demonstrations. While significant progress has been made in ...
Detroit Free Press

Chinese BYD cars, unavailable in U.S., emerge as threat to automakers

BYD vehicles are sold in over 112 cities across 102 countries spanning six continents, according to its website. According to AlixPartners, Chinese car brands are expected to make up 30% of the global ...
IEEE

Approximate Optimal Robust Tracking Control Based on State Error and Derivative Without Initial Admissible Input

Abstract: In this article, a robust tracking control (RTC) problem based on adaptive dynamic programming (ADP) is studied. A cost function based on the state error ...