Location Models are used for planning the location of multiple service centers in order to serve a geographically distributed population. A cornerstone of such models is the measure of distance between the service center and a set of demand points, viz, the location of the population (customers,...

Purpose – The application of weather derivatives in hedging crop yield risk is gaining more interest. However, the further development of weather derivatives – particularly exchange-traded – in the agricultural sector has been impeded by concerns over their hedging performance. The purpose...