![]() ![]() ![]() He was the founder and director of CASTLE Lab, which focused on stochastic optimization with applications to freight transportation, energy systems, health, e-commerce, finance and the laboratory sciences, supported by over $50 million in funding from government and industry. Warren B Powell is Professor Emeritus at Princeton University, where he taught for 39 years, and is currently the Chief Innovation Officer at Optimal Dynamics. I will close by making the case for teaching sequential decision analytics at both the undergraduate and graduate levels, including to students in fields centered on applications as well as methodology. ![]() I will present four (meta)classes of policies that are the foundation of any solution approach that has ever been proposed for a sequential problem, either in the research literature or used in practice (including policies that have not been invented yet). I use a “model first” strategy that optimizes over policies for making decisions. I will present a universal modeling framework that can be used for any sequential decision problem in the presence of different sources of uncertainty. These problems have been addressed in the research literature using a variety of modeling and algorithmic frameworks, including (but not limited to) dynamic programming, stochastic programming, stochastic control, simulation optimization, stochastic search, approximate dynamic programming, reinforcement learning, model predictive control, and even multiarmed bandit problems. ![]() Application settings span engineering, the sciences, transportation, health services, medical decision making, energy, e-commerce and finance, but in this talk I will emphasize applications in transportation and logistics. Sequential decision problems are an almost universal problem class, spanning dynamic resource allocation problems, control problems, optimal stopping/buy-sell problems, active learning problems, as well as two-agent games and multiagent problems. Venue: Joint Zoom Meeting Meeting ID: 842 1632 9227 Speaker: Warren B Powell, Professor Emeritus, Princeton University, Chief Innovation Officer, Optimal Dynamics ![]()
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