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The deformation of the workpiece-fixture system has essential influence on the locating accuracy of the workpiece. To minimize the overall deformation of the workpiece-fixture system is an important issue in fixture design. This paper focuses on the fixture layout design with compliant model. A topology optimization approach is presented in order to reduce the complexity introduced by the high computational...
This paper propose a dynamic programming approach to evaluate uncertain income streams from an investment opportunity in incomplete markets. It is argued that the idea of certainty equivalent (CE) is applied to value such an investment opportunity as well as real options. We show that two approaches to certainty equivalent, the buying price and the selling price approaches, are exactly equal in exponential...
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