A new approach to policy analysis is formulated within the framework of the graph model for conflict resolution. A policy is defined as a plan of action for a decision maker (DM) that specifies the DM’s intended action starting at every possible state in a graph model of a conflict. Given...

The Cooperative Water Allocation Model (CWAM) is designed within a general mathematical programming framework for modeling equitable and efficient water allocation among competing users at the basin level and applied to a large-scale water allocation problem in the South Saskatchewan River Basin...

The Graph Model for Conflict Resolution (GMCR) methodology is employed to ascertain strategic insights into a serious conflict over environmental concerns connected to the expanded exploitation of oil sands at the Jackpine Mine Expansion project located in Alberta, Canada. In fact, the expansion...

The group decision-making problem is studied, in which the experts provide their preference information by different formats, i.e., multiplicative preference relations and fuzzy preference relations. The net flow scores of fuzzy preference relations and multiplicative preference relations are...

A comparison of regime-switching approaches to modeling the stochastic behavior of temperature with an aim to the valuation of temperature-based weather options is presented. Four models are developed. Three of these are two-state Markov regime-switching models and the other is a single-regime...