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programming formulations currently being used for harvest scheduling and the characteristics of decomposition inherent in the … forest land class-relationship. The subproblems of decomposition, defined as the dual, can be solved in a simple, recursive …
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-of-sample performance of univariate and multivariate forecasting models by aggregating state level forecasts versus forecasting the … aggregate directly. We find evidence that forecasting the disaggregate series and accounting for spatial effects drastically … improves forecasting performance under Root Mean Squared Forecast Error Loss. Based on the in-sample observations we attempt to …
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The United States Energy Information Administration publishes annual forecasts of nationally aggregated energy consumption, production, prices, intensity and GDP. These government issued forecasts often serve as reference cases in the calibration of simulation and econometric models, which...
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A dynamic hedging problem with stochastic production is solved. The optimal feedback rules recognize that future hedges will be chosen optimally based on the most current information. The resulting distribution of revenue is analyzed numerically. This analysis enables the hedger to select his...
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Our results suggest that the anticipated path of China's Carbon Dioxide (CO2) emissions has dramatically increased over the last five years. The magnitude of the projected increase in Chinese emissions out to 2015 is several times larger than reductions embodied in the Kyoto Protocol. Our...
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