The main thrust of this study is the operational scheduling of the continuous coal handling and blending processes when considering multiple, and sometimes conflicting, objectives. A widely applicable generic goal programming model is proposed. Furthermore, assumptions regarding the certainty of...

The main thrust of this study is the operational scheduling of the continuous coal handling and blending processes when considering multiple, and sometimes conflicting, objectives. A widely applicable generic goal programming model is proposed. Furthermore, assumptions regarding the certainty of...

A rapid increase in demand and severe droughts in recent years has increased the pressure on water supplies throughout most parts of Australia. This has resulted in the need for tools to allocate limited water across users in different regions, and explore scenarios so as to achieve economic,...

We propose a new methodology for discrete time dynamic hedging with transaction costs that has three key performance features. First, the methodology can accommodate the use of a wide range of objective functions, from the use of many types of utility functions to the more traditional objectives...

In recent years there has been a significant growth of investment products aimed at attracting investors who are worried about the downside potential of the financial markets. This paper introduces a dynamic stochastic optimization model for the design of such products. The pricing of minimum...