We propose a new method for measuring how far away banks are from complying with a multi-ratio regulatory framework. We suggest measuring the efforts a bank has to make to reach compliance as an additional portfolio which is derived from a microeconomic banking model. This compliance portfolio...

A new basis for an international poverty measurement is proposed based on linear programming for specifying the least cost diet and explicit budgeting for non-food spending. This approach is superior to the World Bank’s '$-a-day' line because it is (1) clearly related to survival and well...

There are several methods to convert fuzzy or stochastic LP to conventional LP models. In this simple paper we evaluate the effectiveness of three proposed methods, using a numerical example from a pure factors portfolio.

Replaced with revised version of paper on 01/14/2011.

Abstract: Finding the mean-variance eÆcient frontier is <p> a quadratic programming problem with an analytical solu- <p> tion, whenever the portfolio choice is unrestricted. The an- <p> alytical solution involves an inversion of the covariance ma- <p> trix. When short-sale constraints are added to the...</p></p></p></p>

The increasing importance of measures under the so called "second pillar" of the Common Agricultural Policy of the European Union raises new challenges to decision-makers. The definition and operationalisation of goals as well as the implementation of concrete measures is a complex task....

Cows that are milked once-a-day (OAD) produce less milk than when milked twice-a-day (TAD). However, these cows also require less feed because of their lower milk production. Hence stocking rates can be increased. New Zealand evidence shows that the benefits from OAD milking can include per cow...