In this study, a continuous model of stochastic dynamic game for water allocation from a reservoir system was developed. The continuous random variable of inflow in the state transition function was replaced with a discrete approximant rather than using the mean of the random variable as is done...

Reliability programming formulations offer a family ofexplicit stochastic models for planning the operationof complex water resources systems. These models usecumulative probability distributions of the sum ofinflows to characterize their variability in theplanning period. Applicability of these...

<Para ID="Par1">This study assesses the performance of hydropower production by reservoirs with and without climate change impacts on river discharge. The case study of this research includes the Khersan 1, Karoon 4, and Karoon 3 reservoirs in Iran. The HADCM3 climate model with A2 greenhouse gas emission...</para>

<Para ID="Par1">Optimal design of irrigation and water supply reservoirs under reliability constraints may be categorized as large combinatorial optimization problems. In this paper, the reliability based optimum design of a single water supply reservoir is formulated as a mixed integer programming and a hybrid...</para>

Estimating economic earnings mobility is imperative for understanding the degree to which low pay employment is a temporary or long-term position. The current literature estimates transition probabilities between low and higher pay. This study extends the focus to identify the underlying...

This paper seeks to investigate and remedy the apparent inability of Markov regime switching models to predict future states in the medium to long term. We show that projected time varying transition probability series in the model may be biased towards predicting regime switches with high...

This paper researches small-sample properties of the Markov-switching model with time-varying transition probabilities. By means of simulation, it is shown that the likelihood ratio statistic is over-sized for sample sizes relevant in many empirical applications. The number of regime switches...