Water shortage is experienced in different parts of the world in different magnitude. In certain countries, water deficit is a regular phenomenon and in some other countries it happens for a short duration, due to failure of any component in the system. Shortage of water at source can be best...

We analyze a finite horizon, single product, periodic review model in which pricing and production/inventory decisions are made simultaneously. Demands in different periods are random variables that are independent of each other and their distributions depend on the product price. Pricing and...

Vorliegendes Arbeitspapier beschäftigt sich mit der mathematischen Modellierung von Marktrisiken.

An economic similarity between two economies is defined, which is a correspondence between the futures of two economies in which all, or a certain subset of all acts of production and consumption, are the same. Prices and inflation can be different in similar economies so an economic similarity...