The equity premium puzzle shows that using standard parameters and setup, the Consumption-based Capital Asset Pricing Model’s (CCAPM’s) prediction of the premium associated with systematic risk is out by an order of magnitude. The object of this paper is to consider the implications of each of the broad classes of explanations of the equity premium puzzle for resource allocation, welfare and po...

This paper describes an accelerated resource allocation of autonomous moving multi-agents, whose agents stochastically move on a resource consisting of cells in accordance with transition probabilities in synchronization, depending on other agents. Then, each agent has an accelerated average moving speed for their moving directions randomly and independently. We assume interactions or coordinat...

This paper introduces an effective production optimization and a water injection allocation method for oil reservoirs with water injection. In this method, a two-stage adaptive simulated annealing (ASA) is used. A coarse-grid model is made based on average horizon permeability at the beginning iterations of the optimization to search quickly. In the second stage, the fine-grid model is used to ...

Background: The construction of metro lines is a high-risk project. Using a budget-based model for the safety units of metro construction projects can help safety managers to spend optimal budget allocation. The purpose of this study was to plan a budget model based on safety unit performance in an under construction metro station for better budget allocation using robust optimization. Methods...

This research presents a model for optimal allocation of Iranian oil and gas resources in sanction condition based on stochastic linear multi-objective programming. The general policies of the resistive economy include expanding exports of gas, electricity, petrochemical and petroleum products, expanding the strategic oil and gas reserves, increasing added value through completing the petroleum...

Facility location-allocation models are used in a widespread variety of applications to determine the number of required facility along with the relevant allocation process. In this paper, a new mathematical model for the capacitated multi-facility location-allocation problem with probabilistic customer's locations and fuzzy customer’s demands under the Hurwicz criterion is proposed. Thi...