A stochastic dynamic programming model for stream water quality management

A Stochastic Model for Water Resources Management

Irrigation water management is crucial for agricultural production and livelihood security in many regions and countries throughout the world. Over the past decades, controversial and conflictladen water-allocation issues among competing municipal, industrial and agricultural interests have raised increasing concerns. Particularly, growing population, varying natural conditions and shrinking wa...

A Stochastic Optimization Model for Groundwater Management

A Dynamic Stochastic Programming Model for Bond Portfolio Management

In this paper we develop a dynamic stochastic programming model for bond portfolio management. A new risk measurement-shortfall cost is put forward. It allows more tangible expression of the risks that the decision makers face than does the traditional risk measure-variance of terminal wealth. We also adopt the interest rate model of Black et al. to generate scenarios of riskless short rates at...

A Stochastic Optimization Model for Groundwater Management

Sustainable Management of Saravan Sylvan Park Using Stochastic Dynamic Programming

The present study sustainable management of Guilan Saravan Sylvan Park was planned. The used method in the form of decision support model in three10-year period was studied for parks of various states and with considering the economic, ecological and social criteria during the years 2008 to 2038. By using hierarchical fuzzy analysis method, the reaching to an optimal level of economic, ecologic...