An analysis procedure is developed to explore the robustness and overall productivity of reservoir management under plausible assumptions about climate fluctuation and change. Results are presented based on a stylized version of a multi-use reservoir management model adapted from Angat Dam,...

This paper investigates to what extent superior returns can be obtained from a market timing investment strategy on the Johannesburg Stock Exchange that makes use of derivative instruments. Traditional timing approaches, where timed switches are made between risky equities and risk-free cash,...