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This book aims to work out the distributed economic operation in smart grids in a systematic way, which ranges from model-based to model-free perspectives. The main contributions of this book can be summarized into three folds. First, we investigate the fundamental economic operation problems in smart grids from model-based perspective. Specifically, these problems can be modeled as deterministic optimization models, and we propose some distributed optimization algorithms by integrating the multi-agent consensus theory and optimization techniques to achieve the distributed coordination of various generation units and loads. Second, due to the randomness of the large-scale renewable energies and the flexibility of the loads, we further address these economic operation problems from a model-free perspective, and we propose learning-based approaches to address the uncertainty and randomness. At last, we extend the idea of model-based and model-free algorithms to plug-in electric vehicles (PEVs) charging/discharging scheduling problem, the key challenge of which involves multiple objectives simultaneously while the behavior of PEVs and the electricity price are intrinsically random. This book presents several recent theoretical findings on distributed economic operation in smart grids from model-based and model-free perspectives. By systematically integrating novel ideas, fresh insights, and rigorous results, this book provides a base for further theoretical research on distributed economic operation in smart grids. It can be a reference for graduates and researchers to study the operation and management in smart grids. Some prerequisites for reading this book include optimization theory, matrix theory, game theory, reinforcement learning, etc.

Presently, we stand on the threshold of a technological revolution that will drastically change the way we live, work, and communicate with each other. By the current rate, scope, and complexity, this transformation will be as fundamental for society as any other technological paradigm change from the past. The industries which are more susceptible to change are technologically oriented industries including banking, finance, accounting, and auditing. One of the technological concepts of the technological revolution is the concept of the digital twin.The application of digital twins and AI as paired with Internet of Things technologies makes it possible to solve ESG problems on a completely different level (Li, 2019) for accounting firms and financial institutions. These include recycling on demand, rational energy consumption, smart surveillance cameras for crime tracking, and smart branch parking solutions, monitoring the wear and tear and conditions of financial technology infrastructures.Moreover, numerous researchers and practitioners emphasize the significance of innovating sustainable business models and operations (Geissdoerfer et al., 2018). The digital twin will allow businesses and financial institutions to minimize costs, boost customer service, and find new ways to generate revenue. DTW is accessible now more than ever, and many reputable and innovative companies such as Tesla, Ericsson, and Siemens have adopted it with varying success.Therefore, this book examines the opportunities, challenges, and risks of artificial intelligence-augmented digital twins for financial operations, innovation, and sustainable development. It focuses on AI and digital twin technologies to furnish solutions for the current industrial revolution including the Metaverse. Henceforth, this book aims to encourage authors to submit multi-disciplinary chapters indicating the current scholarly challenges about the applications and potential of artificial intelligence and digital twins in accounting, finance, and banking.

This book considers a class of ergodic finite controllable Markov's chains. The main idea behind the method, described in this book, is to develop the original discrete optimization problems (or game models) in the space of randomized formulations, where the variables stand in for the distributions (mixed strategies or preferences) of the original discrete (pure) strategies in the use. The following suppositions are made: a finite state space, a limited action space, continuity of the probabilities and rewards associated with the actions, and a necessity for accessibility. These hypotheses lead to the existence of an optimal policy. The best course of action is always stationary. It is either simple (i.e., nonrandomized stationary) or composed of two nonrandomized policies, which is equivalent to randomly selecting one of two simple policies throughout each epoch by tossing a biased coin. As a bonus, the optimization procedure just has to repeatedly solve the time-average dynamic programming equation, making it theoretically feasible to choose the optimum course of action under the global restriction. In the ergodic cases the state distributions, generated by the corresponding transition equations, exponentially quickly converge to their stationary (final) values. This makes it possible to employ all widely used optimization methods (such as Gradient-like procedures, Extra-proximal method, Lagrange's multipliers, Tikhonov's regularization), including the related numerical techniques. In the book we tackle different problems and theoretical Markov models like controllable and ergodic Markov chains, multi-objective Pareto front solutions, partially observable Markov chains, continuous-time Markov chains, Nash equilibrium and Stackelberg equilibrium, Lyapunov-like function in Markov chains, Best-reply strategy, Bayesian incentive-compatible mechanisms, Bayesian Partially Observable Markov Games, bargaining solutions for Nash and Kalai-Smorodinsky formulations, multi-traffic signal-control synchronization problem, Rubinstein's non-cooperative bargaining solutions, the transfer pricing problem as bargaining.

This book presents a foray into the fascinating process of risk management, beginning from classical methods and approaches to understanding risk all the way into cutting-age thinking. Risk management by necessity must lie at the heart of governing our ever more complex digital societies. New phenomena and activities necessitate a new look at how individuals, firms, and states manage the uncertainty they must operate in. Initial chapters provide an introduction to traditional methods and show how they can be built upon to better understand the workings of the modern economy. Later chapters review digital activities and assets like cryptocurrencies showing how such emergent risks can be conceptualized better. Network theory figures prominently and the book demonstrates how it can be used to gauge the risk in the digital sectors of the economy. Predicting the unpredictable black swan events is also discussed in view of a wider adoption of economic simulations. The journey concludes by looking at how individuals perceive risk and make decisions as they operate in a virtual social network. This book interests the academic audience, but it also features insights and novel research results that are relevant for practitioners and policymakers. 

This book, dedicated to Professor Georgi M. Dimirovski on his anniversary, contains new research directions, challenges, and many relevant applications related to many aspects within the broadly perceived areas of systems and control, including signal analysis and intelligent systems. The project comprises two volumes with papers written by well known and very active researchers and practitioners. The first volume is focused on more foundational aspects related to general issues in systems science and mathematical systems, various problems in control and automation, and the use of computational and artificial intelligence in the context of systems modeling and control. The second volume is concerned with a presentation of relevant applications, notably in robotics, computer networks, telecommunication, fault detection/diagnosis, as well as in biology and medicine, and economic, financial, and social systems too. 

Artificial intelligence (AI) has the potential to significantly improve efficiency, reduce costs, and increase the speed and accuracy of financial decision-making, making it an increasingly important tool for financial professionals. One way that AI can improve efficiency in finance is by automating tasks and processes that are time-consuming and repetitive for humans. For example, AI algorithms can be used to analyze and process large amounts of data, such as financial statements and market data, in a fraction of the time that it would take a human to do so. This can allow financial professionals to focus on higher-value tasks, such as interpreting data and making strategic decisions, rather than being bogged down by mundane tasks. AI can also reduce costs in finance by increasing automation and eliminating the need for certain tasks to be performed manually. This can result in cost savings for financial institutions, which can then be passed on to customers in the form of lower fees or better services. AI can be used to identify unusual patterns of activity that may indicate fraudulent behavior. This can help financial institutions reduce losses from fraud and improve customer security. AI-powered chatbots and virtual assistants can help financial institutions provide faster, more efficient customer service, particularly when it comes to answering common questions and handling routine tasks. Some financial institutions are using AI to analyze market data and make trades in real-time. AI-powered trading algorithms can potentially make faster and more accurate trading decisions than humans. In terms of speed and accuracy, AI algorithms can analyze data and make decisions much faster than humans, and can do so with a high degree of accuracy. This can be particularly useful in fast-moving financial markets, where quick and accurate decision-making can be the difference between success and failure.This book highlights how AI in finance can improve efficiency,reduce costs, and increase the speed and accuracy of financial decision-making. Moreover, the book also focuses on how to ensure the responsible and ethical use of AI in finance.This book is a valuable resource for students, scholars, academicians, researchers, professionals, executives, government agencies, and policymakers interested in exploring the role of artificial intelligence (AI) in finance. Its goal is to provide a comprehensive overview of the latest research and knowledge in this area, and to stimulate further inquiry and exploration.

High dimensional reference architectures presented here allows confronting and prevailing over the growing complexity of polytopic projects implementations.Such projects should be envisaged giving that conventional systems operations, equipments, methodologies or organizations will reach their limits for self-evolvability in high complexity conditions. Self-evolvable high complexity systems are based on high dimensional polytopic reference architectures.Polytope is the general term of the sequence: point, line, polygon, polyhedron and so on.The polytopic projects are targeting the artificiality, not only for materials where it is well known and applied, but also for biological, cognitive, intelligent and mathematical systems. The book highlights the polytopic projects basic similarity despite the noticeable difference as domains of application. The roads to follow and the algebra of changing roads are emphasized.The book is divided in 9 chapters. Chapter 1 introduces the Polytopic Roadmap to 4D and beyond. The role for the dialogue of processes in duality of the non-Aristotelian Logic of Contradiction and of Included Middle is emphasized for different domains. Chapter 2 refers to chemical systems. Supramolecular chemistry, metal organic frameworks, MOF, and reaction networks, are the examples considered in the frame of polytopic chemistry. Chapter 3 refers to biological systems. Biological dynamical hierarchies and quasi-species are the considered case studies. Technological and scientific projects targeting artificiality for cells and viruses are considered. Chapter 4 refers to cognitive systems. Developmental stages, formal and relational concepts analysis, and neural coding are considered here. The roles of the 4D systems of systems of systems and of conceptual 4D-cube are emphasized. Artificiality for cognitive systems is the object of study.Chapter 5 refers to mathematical systems. Modeling levels and the 4D digital twins are discussed. Hopf monoids as tools for the study of combinations and separations, dual graded graphs and V-models are informally presented. Chapter 6 refers to application of formal concept analysis, FCA, for high dimensional separations, nesting and drug delivery. Chapter 7 refers to polytopic engineering systems as multiscale transfer, distributors-collectors, cyclic operations, middle vessel columns, mixing, assembly and designs. Equipments have been characterized using Polytopic Roadmaps and classified by Periodic Tables. Chapter 8 introduces polytopic industry, economy, society and sustainability. Chapter 9 outlines new domains of interest as arts and architecture, transdisciplinarity, complex systems and unity of sciences and engineering.Polytopic Roadmaps are proposed as Method for experts from various fields to synthesize their thinking and capabilities into new projects implementation to face and surpass high complexity. A repetitive finding of this book is that self-evolvability observed in physical systems is based on the same directed sequence of reference architectures as the self-evolvability of concepts in our mind. Continuing to develop the field of self-evolvable systems and presenting the polytopic roadmaps for 4D and beyond advances in ever growing complexity domains, the book will be useful to engineers, researchers, entrepreneurs and students in different branches of production, complex systems sciences and engineering, ecology and applied mathematics.

In this book, we study decision trees for fault diagnosis in circuits and switching networks, which are among the most fundamental models for computing Boolean functions. We consider two main cases: when the scheme (circuit or switching network) has the same mode of operation for both calculation and diagnostics, and when the scheme has two modes of operation¿normal for calculation and special for diagnostics. In the former case, we get mostly negative results, including superpolynomial lower bounds on the minimum depth of diagnostic decision trees depending on scheme complexity and the NP-hardness of construction diagnostic decision trees. In the latter case, we describe classes of schemes and types of faults for which decision trees can be effectively used to diagnose schemes, when they are transformed into so-called iteration-free schemes.The tools and results discussed in this book help to understand both the possibilities and challenges of using decision trees to diagnosefaults in various schemes. The book is useful to specialists both in the field of theoretical and technical diagnostics.It can also be used for the creation of courses for graduate students.

This book proposes analysis and design techniques for Markov jump systems (MJSs) using Lyapunov function and sliding mode control techniques. It covers a range of topics including stochastic stability, finite-time boundedness, actuator-fault problem, bumpless transfer scheme, and adaptive sliding mode fault-tolerant control for uncertain MJSs. Notably, the book presents a new model for deception attacks (DAs), establishing the correlation between attacks and time delays, which should be of particular interest due to the recent increase in such attacks. The book's content is presented in a comprehensive, progressive manner, with fundamental principles introduced first before addressing more advanced techniques. The book features illustrations and tables, providing readers with a practical and intuitive approach to applying these methods in their own research. This book will prove invaluable to researchers and graduate students in control engineering and applied mathematics with an interest in the latest developments in MJSs.

This book is devoted to the study of engineering and control technologies for the cyber-physical systems development. This book defines the approaches in the engineering leverage the exploitation of artificial intelligence and most urgent computing methods. The authors study the activities allows for the developing new and perspective concepts of robotics systems combining various machine learning methods, uncertainty explanation approaches, computer vision and unmanned aerial systems control technologies including artificial neural networks and simulation modeling by addressing a large scale of applications. The book also describes new materials engineering as well as implementation of these technologies in the different domains such as polymeric film production, polymer composition, and roller squeezing of leather, in order to realize the novel cyber-physical systems, their functionalities, and features. The authors describe the development of method for increasing the software efficiency, considering the increasing complexity of the computing systems and the importance of ensuring accuracy and velocity of modelling. The book also analyses algorithms for fuzzy models and systems, including the cyber-physical real-time systems, and non-stationary object with discrete time. The authors highlight the problem of ensuring the quality on engineering technologies for cyber-physical systems as the most important and consider different approaches to its solution.

The book aims to deal with the main advances in the study of artificial intelligence, the digital and circular economy, and innovation from a multidisciplinary perspective.Whoever governs the artificial intelligence will hold the keys to the world and the future. This book explains the growing role of artificial intelligence in our lives and the need to understand its mechanisms.The book presents original research articles addressing various aspects of artificial intelligence applied to economics, law, management, and optimization. The topics discussed include economics, territorial policies, law, resource allocation strategies, information technology, and learning for inclusion.Combining the input of contributing professors and researchers from Italian and other foreign universities, the book is of interest to students, researchers, and practitioners, as well as members of the public in general, interested in the world of the artificial intelligence and economics.

This book reviews and presents several approaches to advanced decision-making models for safety and risk assessment. Each introduced model provides case studies indicating a high level of efficiency, robustness, and applicability, which allow readers to utilize them in their understudy risk-based assessment applications.The book begins by introducing a novel dynamic DEMATEL for improving safety management systems. It then progresses logically, dedicating a chapter to each approach, including advanced FMEA with probabilistic linguistic preference relations, Bayesian Network approach and interval type-2 fuzzy set, advanced TOPSIS with spherical fuzzy set, and advanced BWM with neutrosophic fuzzy set and evidence theory.This book will be of interest to professionals and researchers working in the field of system safety and reliability and postgraduate and undergraduate students studying applications of decision-making tools and expert systems.

This book involves ideas/results from the topics of mathematical, information, and data sciences, in connection with the main research interests of Professor Pardo that can be summarized as Information Theory with Applications to Statistical Inference. This book is a tribute to Professor Leandro Pardo, who has chaired the Department of Statistics and OR of the Complutense University in Madrid, and he has been also President of the Spanish Society of Statistics and Operations Research.  In this way, the contributions have been structured into three parts, which often overlap to a greater or lesser extent, namely Trends in Mathematical Sciences (Part I) Trends in Information Sciences (Part II) Trends in Data Sciences (Part III) The contributions gathered in this book have offered either new developments from a theoretical and/or computational and/or applied point of view, or reviews of recent literature of outstanding developments. They have been applied through nice examples in climatology, chemistry, economics, engineering, geology, health sciences, physics, pandemics, and socioeconomic indicators. Consequently, the intended audience of this book is mainly statisticians, mathematicians, computer scientists, and so on, but users of these disciplines as well as experts in the involved applications may certainly find this book a very interesting read.

This book overviews latest ideas and developments in financial econometrics, with an emphasis on how to best use prior knowledge (e.g., Bayesian way) and how to best use successful data processing techniques from other application areas (e.g., from quantum physics). The book also covers applications to economy-related phenomena ranging from traditionally analyzed phenomena such as manufacturing, food industry, and taxes, to newer-to-analyze phenomena such as cryptocurrencies, influencer marketing, COVID-19 pandemic, financial fraud detection, corruption, and shadow economy. This book will inspire practitioners to learn how to apply state-of-the-art Bayesian, quantum, and related techniques to economic and financial problems and inspire researchers to further improve the existing techniques and come up with new techniques for studying economic and financial phenomena. The book will also be of interest to students interested in latest ideas and results.

This book presents the theory and application of the models presented in this regard and establishes a meaningful relationship between data envelopment analysis and multi-attribute decision making. The issue of "choice" using the aggregation of voters' votes is one of the most important group decision-making issues that are always considered by decision makers in electoral systems. Voting is a method of group decision making in a democratic society that expresses the will of the majority. Voting is perhaps the simplest way to gather the opinions of experts, and this ease of application has made it a multi-attribute decision-making method in group decisions. Preferential voting is a type of voting that may refer to electoral systems or groups of the electoral system. In preferential voting, voters vote for multiple candidates, and how the candidates are arranged on the ballot is important. Researchers have made many efforts to provide models of voter aggregation, and one of the bestresults of these efforts is the aggregation of votes based on the policy of data envelopment analysis. Thus, in group decisions, the opinions of experts are obtained in a simple structure and consolidated in an interactive and logical structure, and the results can be a powerful tool for decision support.This book provides a complete set of voting models based on data envelopment analysis and expressing its various applications in industry and society. However, most decision-making methods do not use the opinions of experts or reduce the motivation of experts to participate in complex interactions and time, while voting methods do not have this shortcoming.This book is suitable for graduate students in the fields of industrial management, business management, industrial engineering, applied mathematics, and economics. It can also be a good source for researchers in decision science, decision support systems, data envelopment analysis, supply chain management, healthcare management, and others. The methods presented in this book can not only offer a comprehensive framework for solving the problems of these areas but also can inspire researchers to pursue new innovative hybrid methods.

The book presents recent applications and developments in the field of control of industrial systems, covering a wide range of modeling and feedback control using various robust approaches such as fuzzy systems, sliding mode control, and H-infinity. This book provides insights into theory, applications, and perspectives relevant to the field of robotic systems, exoskeletons, power systems, photovoltaic systems, etc., as well as general methodologies and paradigms around them. Each chapter provides an enriched understanding of a research topic along with a balanced treatment of the relevant theories, methods, or applications. It reports on the latest advances in the field. This book is a good reference for graduate students, researchers, educators, engineers, and scientists and contains a total of 15 chapters divided into five parts as follows. The first part of this book focuses on the application of fuzzy control to robotic systems and consists of threechapters. The second part of this book proposes the control of lower and upper limb exoskeletons and includes two chapters. The third part is dedicated to the control of power systems and comprises three chapters. The fourth part deals with various approaches to the modeling and control of industrial processes and comprises four chapters. The fifth and final part describes observers and fault-tolerant control systems and comprises five chapters.

Communication-Protocol-Based Filtering and Control of Networked Systems is a self-contained treatment of the state of the art in communication-protocol-based filtering and control; recent advances in networked systems; and the potential for application in sensor networks. This book provides new concepts, new models and new methodologies with practical significance in control engineering and signal processing. The book first establishes signal-transmission models subject to different communication protocols and then develops new filter design techniques based on those models and preset requirements for filtering performance. The authors then extend this work to finite-horizon H-infinity control, ultimately bounded control and finite-horizon consensus control. The focus throughout is on three typical communications protocols: the round-robin, random-access and try-once-and-discard protocols, and the systems studied are drawn from a variety of classes, among them nonlinear systems, time-delayed and time-varying systems, multi-agent systems and complex networks.Readers are shown the latest techniques-recursive linear matrix inequalities, backward recursive difference equations, stochastic analysis and mapping methods. The unified framework for communication-protocol-based filtering and control for different networked systems established in the book will be of interest to academic researchers and practicing engineers working with communications and other signal-processing systems. Senior undergraduate and graduate students looking to increase their knowledge of current methods in control and signal processing of networked systems will also find this book valuable.

This book is concerned with the development of the understanding of the relational structures of information, knowledge, decision¿choice processes of problems and solutions in the theory and practice regarding diversity and unity principles of knowing, science, non-science, and information¿knowledge systems through dualistic-polar conditions of variety existence and nonexistence. It is a continuation of the sequence of my epistemic works on the theories on fuzzy rationality, info-statics, info-dynamics, entropy, and their relational connectivity to information, language, knowing, knowledge, cognitive practices relative to variety identification¿problem¿solution dualities, variety transformation¿problem¿solution dualities, and variety certainty¿uncertainty principle in all areas of knowing and human actions regarding general social transformations. It is also an economic¿theoretic approach in understanding the diversity and unity of knowing and science through neuro-decision¿choice actions over the space of problem¿solution dualities and polarities. The problem¿solution dualities are argued to connect all areas of knowing including science and non-science, social science, and non-social-science into unity with diversities under neuro-decision¿choice actions to support human existence and nonexistence over the space of static¿dynamic dualities. The concepts of diversity and unity are defined and explicated to connect to the tactics and strategies of decision¿choice actions over the space of problem¿solution dualities. The concepts of problem and solution are defined and explicated not in the space of absoluteness but rather in the space of relativity based on real cost¿benefit conditions which are shown to be connected to the general parent¿offspring infinite process, where every solution generates new problem(s) which then generates a search for new solutions within the space of minimum¿maximum dualities in the decision¿choice space under the principle of non-satiation over the space of preference¿non-preference dualities with analytical tools drawn from the fuzzy paradigm of thought which connects the conditions of the principle of opposites to the conditions of neuro-decision¿choice actions in the zone of variety identifications and transformations. The Monograph would be useful to all areas of Research, Learning and Teaching at Advanced Stages of Knowing and Knowledge Production.

This book is based on the accepted research papers presented in the International Conference "Artificial Intelligence in Engineering & Science" (AIES-2022). The aim of the AIES Conference is to bring together researchers involved in the theory of computational intelligence, knowledge engineering, fuzzy systems, soft computing, machine learning and related areas and applications in engineering, bioinformatics, industry, medicine, energy, smart city, social spheres and other areas. This book presents new perspective research results: models, methods, algorithms and applications in the field of Artificial Intelligence (AI). Particular emphasis is given to the medical applications - medical images recognition, development of the expert systems which could be interesting for the AI researchers as well for the physicians looking for the new ideas in medicine. The central audience of the book are researchers, industrial practitioners, students specialized in the Artificial Intelligence.