This paper analyzes the effect of noise information on the valuation of default risk. Main assumptions are that the true value of a firm's value and its observation follows a certain stochastic process, and a noise component that disturbs the observation is included in the process of observed...

An inexact two-stage fuzzy-stochastic programming (ITFSP) method is developed for water resources management under uncertainty. Fuzzy sets theory is introduced to represent various punishment policies under different water availability conditions. As an extension of conventional two-stage...

This study proposes a fuzzy multi-objective model for groundwater remediation in petroleum-contaminated aquifers. The optimisation system is designed based on the PAT technology, and includes two objectives (i.e. total pumping rate and average post-remedial contaminant concentration). The...

A simulation-based inexact rough-interval programming approach is proposed for agricultural irrigation management in a China’s rural region. The conjunctive use of multiple water sources is examined under a set of land-area, water-availability, environmental-standard, capital, and technical...

A two-step infinite α-cuts fuzzy linear programming (TSIFP) method is developed in this study. The introduction of infinite α-cuts to conventional fuzzy linear programming frameworks makes it possible to generate more reliable optimal results than conventional fuzzy linear programming, where...