As rail represents an efficient and sustainable transport system, the Trans-European railway network has become subject to special attention from European transport policy. The political objectives are to shift 30 % of freight to rail by 2030, 50 % by 2050, and to reduce passenger trips on road...

The topic of alternative price zone configurations is frequently discussed in Central Western Europe where - so far - national borders coincide with borders of price zones. Reconfiguring these price zones is one option in order to improve congestion management, foster trading across borders of...

This paper studies the optimal investment and consumption strategies in a two-asset model. A dynamic Value-at-Risk constraint is imposed to manage the wealth process. By using Value at Risk as the risk measure during the investment horizon, the decision maker can dynamically monitor the exposed...

This paper studies option pricing based on a reverse engineering (RE) approach. We utilize artificial intelligence in order to numerically compute the prices of options. The data consist of more than 5000 call- and put-options from the German stock market. First, we find that option pricing...

Purpose: The aim of this research is to develop a more realistic approach to solve project time-cost optimization problem under uncertain conditions, with fuzzy time periods. Design/methodology/approach: Deterministic models for time-cost optimization are never efficient considering various...

Purpose: The following investigation aims to deal with the competitive relationship among different warehouses & ports in the same company. Design/methodology/approach: In this paper, Game Theory is used in carrying out the optimization model. Genetic Algorithm is used to solve the model....

Purpose: Integration of various logistical components in supply chain, such as transportation, inventory control and facility location are becoming common practice to avoid suboptimization in nowadays’ competitive environment. The integration of transportation and inventory decisions is known...