The need for effective freight and human transportation systems has consistently increased during the last decades, mainly due to factors such as globalization, e-commerce activities, and mobility requirements. Traditionally, transportation systems have been designed with the main goal of reducing their monetary cost while offering a specified quality of service. During the last decade, however, sustainability concepts are also being considered as a critical component of transportation systems, i.e., the environmental and social impact of transportation activities have to be taken into account when managers and policy makers design and operate modern transportation systems, whether these refer to long-distance carriers or to metropolitan areas. This paper reviews the existing work on different scientific methodologies that are being used to promote Sustainable Transportation Systems (STS), including simulation, optimization, machine learning, and fuzzy sets. This paper discusses how each of these methodologies have been employed to design and efficiently operate STS. In addition, the paper also provides a classification of common challenges, best practices, future trends, and open research lines that might be useful for both researchers and practitioners.

The prevailing need for a more sustainable management of natural resources depends not only on the decisions made by governments and the will of the population, but also on the knowledge of the role of energy in our society and the relevance of preserving natural resources. In this sense, critical work is being done to instill key concepts—such as the circular economy and sustainable energy—in higher education institutions. In this way, it is expected that future professionals and managers will be aware of the importance of energy optimization, and will learn a series of computational methods that can support the decision-making process. In the context of higher education, this paper reviews the main trends and challenges related to the concepts of circular economy and sustainable energy. Besides, we analyze the role of simulation and serious games as a learning tool for the aforementioned concepts. Finally, the paper provides insights and discusses open research opportunities regarding the use of these computational tools to incorporate circular economy concepts in higher education degrees. Our findings show that, while efforts are being made to include these concepts in current programs, there is still much work to be done, especially from the point of view of university management. In addition, the analysis of the teaching methodologies analyzed shows that, although their implementation has been successful in favoring the active learning of students, their use (especially that of serious games) is not yet widespread.

From airplanes to electric vehicles and trains, modern transportation systems require large quantities of energy. These vast amounts of energy have to be produced somewhere—ideally by using sustainable sources—and then brought to the transportation system. Energy is a scarce and costly resource, which cannot always be produced from renewable sources. Therefore, it is critical to consume energy as efficiently as possible, that is, transportation activities need to be carried out with an optimal intake of energetic means. This paper reviews existing work on the optimization of energy consumption in the area of transportation, including road freight, passenger rail, maritime, and air transportation modes. The paper also analyzes how optimization methods—of both exact and approximate nature—have been used to deal with these energy-optimization problems. Finally, it provides insights and discusses open research opportunities regarding the use of new intelligent algorithms—combining metaheuristics with simulation and machine learning—to improve the efficiency of energy consumption in transportation.

It is well known that the normal distribution is inadequate in capturing the skewed and heavy-tailed behaviour of exchange rate returns. To this end, various flexible distributions that are capable of modelling the asymmetric and tailed behaviour of returns have been proposed. In this paper, we investigate the performance of the generalized lambda distribution (GLD) to capture the skewed and leptokurtic behaviour of exchange rate returns. We do this by conducting a comprehensive numerical study to compare the performance of the GLD against the performances of the skewed t distribution, the unbounded Johnson family of distributions and the normal inverse Gaussian (NIG) distribution. Our results suggest that in terms of the value-at-risk and expected shortfall, the GLD shows at least similar performance to the skewed t distribution and the NIG distribution. Considering the ease in GLD’s use for random variate generation in Monte Carlo simulations, we conclude that the GLD can be a good alternative in various financial applications where modelling of the heavy tail behaviour is critical.

A symbiotic simulation system (S3) enables interactions between a physical system and its computational model representation. To support operational decisions, an S3 uses real-time data from the physical system, which is gathered via sensors and saved in an enterprise data storage system (EDSS). Both real-time and historical data are then used as inputs to the different components of an S3. This paper proposes a generic system architecture for an S3 and discusses its integration within EDSSs. The paper also reviews the literature on S3 and analyses how these systems can be used for real-time decision-making.