The US refining industry is a leading producer of sulfur oxide and nitrogen oxide emissions. As a result of the Clean Air Act, it has been subject to a host of environmental regulations that prescribe the production processes firms can employ and limits their emissions based on the permits they...

The horizontal advection is one of the most important physical processes in an air pollution model. While it is clear how to describe mathematically this process, the computer treatment of the arising first-order partial differential equation (PDE) causes great difficulties. It is assumed that...

A multiproduct portfolio hedge ratio strategy for oil futures is investigated using a multivariate GARCH model based on dynamic conditional correlation and an error correction model (DCC-ECM-MVGARCH). By considering the characteristics of refiner profits from crack spread and the mutual...

We consider a farm of Kite Power Systems (KPS) in the field of Airborne Wind Energy (AWE), in which each kite is connected to an electric ground generator by a tether. In particular, we address the problem of selecting the best layout of such farm in a given land area such that the total...