Showing 1 - 6 of 6
Two major contributions are made to the problem of resource allocation to indivisible projects with uncertain outcomes: the concepts of preferential independence and utility independence for the space of discrete projects are defined, and a multiattribute utility theory is linked with...
Persistent link: https://www.econbiz.de/10009191111
An optimal decision and control model was developed and used for dual purpose allocation of water from a reservoir. The model was constructed for the Hazbani-Dan Water System in the Upper Galilee (Israel). In this system about half of the Dan River water enters and is stored in a reservoir and...
Persistent link: https://www.econbiz.de/10009191903
A mixed binary integer linear program is formulated to determine the economic development of marginal groundwater sources at local demand sites in an arid region. These marginal sources are required to augment the supply from an overloaded regional source. The model accounts for variable costs...
Persistent link: https://www.econbiz.de/10009197515
In this paper we consider a type of bias which stems from the mathematical algorithm often used to determine an optimal match between two groups. We compare two different solution concepts for the matching assignment problem: the traditionally stable solution vs. a multiplicative utility...
Persistent link: https://www.econbiz.de/10009197643
This note extends the minimum maximum distance single facility location problem to situations where the locations of prospective demand points are considered to be random variables. Two types of decision are analyzed for this setting under the assumption of independent and identical normal...
Persistent link: https://www.econbiz.de/10009197936
A two-stage decision and control model for the operation of the power station in the Hazbani-Dan Water System (Israel) was developed and implemented. In this system, river water is stored and then either consumed by agricultural farms or released to a hydroelectric power station. Under...
Persistent link: https://www.econbiz.de/10009204402