This paper develops a method to characterize the dynamic behavior of statistically dependent returns of assets via a scenario set. The proposed method uses heteroskedastic time series to model serial correlations of returns, as well as Cholesky decomposition to generate the set of scenarios such...

We propose a multi-depot location-routing model considering network failure, multiple uses of vehicles, and standard relief time. The model determines the locations of local depots and routing for last mile distribution after an earthquake. The model is extended to a two-stage stochastic program...

Iron and steel industry is the most energy intensive industrial sector in Iran. Long time subsidized energy has led to low energy efficiency in this industry. The sudden subsidy reform of energy prices in Iran is expected to have a great impact on steel production and energy consumption. A...

Optimization of a multi-reservoir system operation is challenging due to the non-linearity, stochasticity, and dimensionality involved in such a problem. In this research, a long-term planning model is presented for optimizing the operation of Iranian Karoon-Dez reservoir system using an...

Cement industry is one of the six energy intensive industries in Iran accounting for 15% of total energy consumption in the industrial sector. The sudden reform of energy prices in Iran is expected to have a great impact on production and energy consumption in this industry. In this paper, we...

This paper addresses multi-depot location arc routing problems with vehicle capacity constraints. Two mixed integer programming models are presented for single and multi-depot problems. Relaxing these formulations leads to other integer programming models whose solutions provide good lower...