Seasonal swings in milk production in Florida result in a need to import milk on a seasonal basis. A linear programming analysis is used to analyze alternate freshening-date distributions and project the cost savings to Florida dairy farmers from reduced milk imports.

Law of One Price (LOP) is important in the theory of international trade. It is important in LOP studies to have data that accurately represents homogeneous products (i.e., the product in one country has the same product characteristics as the product in another country). We present a...

The paper compares portfolio optimization approaches with expected regret and Conditional Value-at-Risk (CVaR) utility functions. The expected regret is defined as an average portfolio underperformance comparing to a fixed target of some benchmark portfolio. By definition, CVaR is the mean of...