There is a growing recognition in the economic development literature that one of the major impediments to growth and development in the next will be access to water. In recognition of this emerging problem, the present research aims to provide a formal link between water consumption and...

We consider a cash management problem where a company with a given financial endowment and given future cash flows minimizes the Conditional Value at Risk of final wealth using a lower bound for the expected terminal wealth. We formulate the optimization problem as a multi-stage stochastic...

This paper presents the results of a stochastic linear program for estimating the supply of corn residue for use as raw material in an ethanol plant. The model is based on the production capacity of an average Illinois farm, and considers the feasibility of three mutually exclusive residue...