Does climate change adaptation require that investments are designed to be more robust? What about when climate change is more uncertain? What if the climate changes faster? This decision problem is difficult if the design of the investments is irreversible for their lifetime, for instance, in...

In addition to clean transportation and energy savings, electric vehicles can inherently offer better performance in the field of active safety and dynamic stability control, thanks to the superior fast and accurate control characteristics of electric motors. With the novel wheel status...

This paper deals with a control theory approach to stabilize cyclical price movements. Firstly, we pursue a welfare economist’s approach, delineating a public objective function derived from consumer and producer surplus as well as trade budget at world market price. Trade is a con¬trol...

Virgin nature, as well as historical and cultural monuments located in National Parks, all form part of our national heritage. Tourism and recre- ation allow visitors to National Parks to enjoy nature, to reinstate, recover and broaden their personal outlook, to experience local history,...

The study investigates the role of credit risk in a continuous time stochastic asset allocation model, since the traditional dynamic framework does not provide credit risk flexibility. The general model of the study extends the traditional dynamic efficiency framework by explicitly deriving the...

Предлагается алгоритм стохастического управления нестационарными потоками приоритетных сообщений по узлам полносвязной сети, отличающийся от существующих...

Управленческие решения разделены на три уровня: оперативные, стратегические и целевые. Показано их взаимное влияние. Рассмотрены компьютерные методы коррекции...