this study based on investigation for integration wind power into conventional power system with its impact on fossil fuel generators and their generation management. wind power as environmental friendly energy source can reduce the operational cost of the system due to considering no cost for energizing the generator in comparing with fossil fuel generators. however due to unpredictable nature...

abstract project management in construction industry, in many cases, is imperfect with respect to the integration of occupational health and safety (ohs) risks. this imperfection exhibits itself as complications affecting the riskiness of industrial procedures and is illustrated usually by poor awareness of ohs within project teams. difficulties on ohs regularly came about in the construction i...

Financial returns exhibit stylized facts such as leptokurtosis, skewness and heavy-tailness. Regarding this behavior, in this paper, we apply multivariate generalized hyperbolic (mGH) distribution for portfolio modeling and performance evaluation, using conditional value at risk (CVaR) as a risk measure and allocating best weights for portfolio selection. Moreover, a robust portfolio optimizati...

introduction: the greatest part of constructed dams belongs to embankment dams and there are many examples of their failures throughout history. about one-third of the world’s dam failures have been caused by flood overtopping, which indicates that flood overtopping is an important factor affecting reservoir projects’ safety. moreover, because of a poor understanding of the randomness of floods...

Numerical evaluation of ruin probabilities in the classical risk model is an important problem. If claim sizes are heavy-tailed, then such evaluations are challenging. To overcome this, an attractive way is to approximate the claim sizes with a phase-type distribution. What is not clear though is how many phases are enough in order to achieve a specific accuracy in the approximation of the ruin...