Risk management of drawdowns and portfolio optimization with drawdown constraints is becoming increasingly important among practitioners. In this paper, we introduce new techniques how to control the maximum drawdown (MDD). One can view the maximum drawdown as a contingent claim, and price and hedge it accordingly as a derivative contract. Trading drawdown contracts or replicating them by hedgi...

A significant proportion of tropical peatlands has been drained for agricultural purposes, resulting in severe degradation. Hydrological restoration, which usually involves blocking ditches, is therefore a priority. Nevertheless, the influence ditch on peatland hydrological functioning still poorly understood. We studied water-level dynamics using combination automated and manual dipwells, also...

The calculation of the discharge to a constant drawdown well or tunnel in the presence of an infinite linear constant head boundary in an ideal confined aquifer usually relies on the numerical inversion of a Laplace transform solution. Such a solution is used to interpret constant head tests in wells or to roughly estimate ground water inflow into tunnels. In this paper, a simple approximate so...

In this study, non-Darcian flow to a largerdiameter partially penetrating well in a confined aquifer was investigated. The flow in the horizontal direction was assumed to be non-Darcian and described by the Izbash equation, and the flow in the vertical direction was assumed to be Darcian. A linearization procedure was used to approximate the nonlinear governing equation. The Laplace transform a...

In dam construction stages when an earth embankment has retained a reservoir with constant water surface elevation for long time, seepage conditions within the will be reach steady state. If it is necessary to drain quickly, pore-water pressures in may remain relatively high while stabling effect of reservoir's weight along upstream (U/S) side removed. This process referring as "Rapid Drawdown"...

abstract one of the ways to increase economic and environmental efficiency of drainage systems is water table management. water table management consists of, controlled drainage and subirrigation. this study examines the effect of controlled drainage on yield, root distribution pattern and water use efficiency of maize (sc 704) in karaj. the experiment was performed as a randomized complete des...