We model international trade in renewable resources between a single buyer and competitive sellers as a Stackelberg differential game. The buyer uses unit and ad valorem tariffs to indirectly encourage conservation of the renewable resource under study. First, we show that the efficacy of these trade policy instruments in promoting conservation depends fundamentally on whether harvesting costs ...

Machine learning is increasingly prevalent in stock market trading. Though neural networks have seen success in computer vision and natural language processing, they have not been as useful in stock market trading. To demonstrate the applicability of a neural network in stock trading, we made a single-layer neural network that recommends buying or selling shares of a stock by comparing the high...

This paper presents a framework grounded on convex optimization and economics ideas to solve by index policies problems of optimal dynamic allocation of effort to a discrete-state (finite or countable) binary-action (work/rest) semi-Markov restless bandit project, elucidating issues raised by previous work. Its contributions include: (i) the concept of a restless bandit’s marginal productivity ...

estimating the amount of variation due to spatial dependence at different scales provides a basis for designing effective experiments. accurate knowledge of spatial structures is needed to inform silvicultural guidelines and management decisions for long term sustainability of forests. furthermore, geostatistics is a useful tool to describe and draw map the spatial variability and estimation of...

the difficulty of determining intrinsic value of stock prices have led many people to use technical analysis in order to forecast stock prices in the future. to predict the stock price we need to determine the generating process of stock prices. in recent years many time - series methods have been used for forecasting purposes. one of these methods is the rescaled range analysis (ris). in the a...

It is generally said that code clone is one of the factors to make software maintenance difficult. A code clone is a code portion in source files that is identical or similar to another. Clones are introduced because of various reasons such as reusing code by ‘copy-and-paste’ and so on. Since developers usually modify the copied-and-pasted code portions, there are some gaps between the original...

The cutting stock problem is an important problem in the field of combinational optimization. In classic versions of this problem, the aim is to find a solution for cutting some equalwidth mother rolls into smaller parts with given width so that the amount of trim-loss become as small as possible. There are plenty of works which addressed the classic cutting stock problem. However in real world...

A supply chain can be defined as an integrated business process wherein a number of various business entities (i.e., suppliers, manufacturers, distributors, and retailers) work together. Supply chain configuration is concerned with determining supply, production and stock levels in raw materials, subassemblies at different levels of the given bills of material (BOM). End products and informatio...