We first delineate a general model that accounts for the common features of sightseeing trips to city attractions and to locations such as lakes and parks. Next, we use the theory of discrete-time Markov chains (DTMCs) to formalize this general model and then we compute the one-step transition...

When demand for a good exceeds its supply, queuing mechanisms are commonly used to allocate the good in question to citizens. However, very long queues result in excessive wait times and this can lead to violence. As such, the purpose of this paper is to analyze two stochastic models of goods...

Significant advances have now occurred in the theoretical and in the empirical knowledge-base of researchers studying problems in natural resource and environmental economics. This has been accompanied by the utilization of many and varied research tools. These developments notwithstanding,...

Recently, Batabyal and Yoo (2009) have conducted a probabilistic analysis of guided tours for a single class of tourists during the slack season. In this note, we extend the above analysis by considering the case of two distinct classes of tourists. Specifically, we first describe a general...

Orchards are vulnerable to the damaging effects of attacks by invasive species. Therefore, in this paper, we focus on a representative tree in a stylized orchard and show how the theory of discrete time Markov chains can be used to construct a model of this tree that is to be managed in the...

A firm providing transport to tourists can do so at fixed points in time (scheduling by time). Alternately, it can wait for a certain minimal number of tourists to arrive before it provides transport (scheduling by numbers). This how to schedule problem confronts all providers of transport to...

The many aspects of alien species management normally all involve decision making over time and under uncertainty. Therefore, in this note, we focus on an arbitrary seaport in a country called Home and we conduct a dynamic and stochastic analysis of two questions that have received insufficient...

For a firm that provides transport to tourists/visitors and operates in a probabilistic environment, the twin issues of visitor classification and vehicle breakdowns have received scant attention in the extant literature. Therefore, we conduct a stochastic analysis of these two issues in this...

The uncertain nature of the demand for university parking has now created a major problem for university planners. From a facilities planning perspective, it is important to comprehend the probabilistic nature of the demand for parking and parking rules violations. Given this background, in our...

We analyze the temporal control choice problem faced by a manager who uses cell grazing to manage a parcel of rangeland. Specifically, we first delineate the relevant dynamic and stochastic features of a stylized parcel of rangeland. Next, we use a renewal theoretic framework to derive the...