The methods developed for pricing interest rate options can be classified into two broad categories: (i) modeling the interest rate by modeling the factors that cause interest rate changes and (ii) modeling directly the probability density of the interest rate. Modeling directly the density of...

We study an order promising problem in a multiclass, available-to-promise (ATP) assembly system in the presence of <i>pseudo orders</i>. A pseudo order refers to a tentative customer order whose attributes, such as the likelihood of an actual order, order quantity, and confirmation timing, can change...

Major earthquakes in the world, especially the ones above magnitude 7.0 are affected by the positions of celestial objects. The node of the lunar orbit with the earth's orbit moves westwards on the ecliptic, with a period of 18.6 years. The precession of the lunar ascending node causes the...

With some agri-environmental restrictions, municipal wastewater can be utilized for agricultural irrigation and river rehabilitation. This paper develops a single-year planning model for a region in Israel which consists of a city and three potential wastewater consumers. The model incorporates,...

Battery Energy Storage System (BESS) can be utilized to shave the peak load in power systems and thus defer the need to upgrade the power grid. Based on a rolling load forecasting method, along with the peak load reduction requirements in reality, at the planning level, we propose a BESS...

The cost-effectiveness of total maximum daily load (TMDL) programs depends heavily on program design. We develop an optimization framework to evaluate design choices for the TMDL for the Potomac River, a Chesapeake Bay subbasin. Scenario results suggest that policies inhibiting nutrient trading...

Рассматривается влияние сезонности сельскохозяйственного производства на потребность в рабочей силе в разные периоды производственного цикла. Предлагается...

While wind power is a promising source of renewable energy, there have been persistent questions about the safety of migrating birds in the presence of wind farms. In this paper we develop a framework that allows us to consider the costs and benefits of a very simple strategy: curtailing...

National energy planning has become increasingly complex owing to a pressing need to incorporate sustainability considerations. In this context, we applied least-cost and cost-risk optimization models to allocate energy sources for sustainable development in the Korean electric power generation...

In this article, we introduce an optimization model aimed to assist aviation authorities in their strategic decisions regarding the long-term expansion of a network of airports. The objective is to maximize total system throughput for a given budget taking into account the capacity of the...