• Planning for charters: A stochastic maritime fleet composition and deployment problem 

      Wang, Xin; Fagerholt, Kjetil; Wallace, Stein W. (Journal article; Peer reviewed, 2017-08-04)
      This paper introduces a chartering problem that arises in the shipping industry. The chartering decisions determine the time-charter contracts to enter into, in particular, how many ships of each type to charter in, and ...
    • Stochastic energy market equilibrium modeling with multiple agents 

      Brekke, Kjell Arne; Golombek, Rolf; Kaut, Michal; Kittelsen, Sverre A.C.; Wallace, Stein W. (Journal article; Peer reviewed, 2017)
      The energy markets are characterized by many agents simultaneously solving decision problems under uncertainty. It is argued that Monte Carlo simulations are not an adequate way to assess behavioral uncertainty; one should ...
    • The impact of design uncertainty in engineer-to-order project planning 

      Vaagen, Hajnalka; Kaut, Michal; Wallace, Stein W. (Journal article; Peer reviewed, 2017)
      A major driver of planning complexity in engineer-to-order (ETO) projects is design uncertainty far into the engineering and production processes. This leads to uncertainty in technical information and will typically lead ...