Di Corato, Luca; Montinari, Natalia - In: European Journal of Operational Research 234 (2014) 1, pp. 174-185
In this paper, we use stochastic dynamic programming to model the choice of a municipality which has to design an optimal waste management program under uncertainty about the price of recyclables in the secondary market. The municipality can, by undertaking an irreversible investment, adopt a...