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  • About
  • The Global ETD Search service is a free service for researchers to find electronic theses and dissertations. This service is provided by the Networked Digital Library of Theses and Dissertations.
    Our metadata is collected from universities around the world. If you manage a university/consortium/country archive and want to be added, details can be found on the NDLTD website.
1

Optimization under parameter uncertainties with application to product cost minimization

Kidwell, Ann-Sofi January 2018 (has links)
This report will look at optimization under parameters of uncertainties. It will describe the subject in its wider form, then two model examples will be studied, followed by an application to an ABB product. The Monte Carlo method will be described and scrutinised, with the quasi-Monte Carlo method being favoured for large problems. An example will illustrate how the choice of Monte Carlo method will affect the efficiency of the simulation when evaluating  functions of different dimensions. Then an overview of mathematical optimization is given, from its simplest form to nonlinear, nonconvex  optimization problems containing uncertainties.A Monte Carlo simulation is applied to the design process and cost function for a custom made ABB transformer, where the production process is assumed to contain some uncertainties.The result from optimizing an ABB cost formula, where the in-parameters contains some uncertainties, shows how the price can vary and is not fixed as often assumed, and how this could influence an accept/reject decision.

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