Behavioral finance studies the application of psychology to finance, with a focus on individual-level cognitive biases. I describe here the sources of judgment and decision biases, how they affect trading and market prices, the role of arbitrage and flows of wealth between more rational and less...

A marine container terminal operator may have a situation with excessive calling requests to be served especially when some new service contracts are under consideration. For this situation, we propose a strategic berth template problem (BTPS) that selects the ships among the requesting ones to...

Offshore petroleum industry uses helicopters to transport the employees to and from installations. Takeoff and landing represent a substantial part of the flight risks for passengers. In this paper, we propose and analyze approaches to create a safe flight schedule to perform pickup of employees...

We consider a family of composite bivariate distributions, or probability mass functions (pmfs), with uniform marginals for simulating optimization-problem instances. For every possible population correlation, except the extreme values, there are an infinite number of valid joint distributions...

Economic assessment of energy-related processes needs to adapt to the development of large-scale integration of renewable energies into the energy system. Flexible electrochemical processes, such as the electrolysis of water to produce hydrogen, are foreseen as cornerstones to renewable energy...

Expert elicitations of future energy technology costs can improve energy policy design by explicitly characterizing uncertainty. However, the recent proliferation of expert elicitation studies raises questions about the reliability and comparability of the results. In this paper, we standardize...

By its critics, the rational choice model is routinely accused of being unrealistic. One key objection has it that, for all nontrivial problems, calculating the best response is cognitively way too taxing, given the severe cognitive limitations of the human mind. If one confines the analysis to...

In 1997 two papers applying the metaheuristics Tabu Search (TS) and Heuristic Concentration (HC) to the p-median problem were published in consecutive volumes of the European Journal of Operational Research. Here we apply the method of HC some of the data sets which were used for computational...