This dissertation examines how households should optimally allocate their portfolio choices between risky stocks and risk-free bonds over their lifetime. Traditional lifecycle models in previous work with normal-distributed stock returns suggest that the allocation toward stocks should start...

Electricity industry is important for our society and the nation's economic strength, and this dissertation includes two important topics in the industry: electricity market auctioning, and short-term load forecasting. In the first part of this dissertation, an optimization algorithm to solve...