Along with the economic development in Canada, the shortage of irrigation water has become a serious concern (Bouwer <CitationRef CitationID="CR1">1993</CitationRef>; Hennessy <CitationRef CitationID="CR7">1993</CitationRef>). In this study, a model of Dynamic Dual Interval Programming (DDIP) is developed and applied to the irrigation water allocation systems with uncertainty. DDIP...</citationref></citationref>

Optimal control of dynamic econometric models has a wide variety of applications including economic policy relevant issues. There are several algorithms extending the basic case of a linear-quadratic optimization and taking nonlinearity and stochastics into account, but being still limited in a...

We provide an alternative way to model sequential decision processes, which is consistent with the random utility maximization hypothesis and the existence of a representative agent. Our result is stated on terms of a direct utility representation, and it does not depend on parametric assumptions.

We present a strategic safety stock placement model in supply chain design for assembly-type product with due-date based demand, where demand data are based on dates when company has to ship to customers rather than order receiving dates. We formulate multi-echelon stock placement by...