One of the key aspects of developing a regional renewable energy plan involves incorporating national renewable energy targets into provincial targets whilst including interim phase targets and technology targets. This paper proposes a renewable energy model based on national targets...

We study a tanker chartering decision problem faced by refinery companies. The decision process is formulated as an optimal stopping problem with geometric Brownian motion for the spot freight rate dynamics and a Poisson type arrival process for the tankers. We show the problem can be solved...

We build upon the growing literature on financial literacy, which studies the prevalence of lack of knowledge about various financial issues, and analyze how much people know about the Social Security rules using a small pilot survey conducted in 2007, and a follow-up and extended survey funded...

By revisiting the classic dirty-face problem we highlight the notion of 'unawareness' (a simpler state space) and compare it with 'impreciseness' (a coarser information partition). The outcomes are derived with various information structures. That allows us to 1) demonstrate a model of differing...