This paper presents multiperiod, multiple objective goal programming as an alternative to the more conventional hedge ratio approaches to financial futures hedging. The described model offers the potential benefits of: (i) simultaneous achievement of multiple hedge-related objectives (i.e.,...

Despite the increasing popularity of decision support systems (DSS), effectiveness of such systems remains unproven. Past research claiming usefulness of the DSS has relied largely on anecdotal or case data. The relatively few laboratory experiments report mixed results regarding the effects of...

Problems of deteriorating water quality and the prospects of large invest ments for treatment facilities have motivated government decision makers to seek more cost-effective means to manage water quality. The most preferred policy advocated by economists is based on economic incentives. But the...