This paper examines a class of premium principles which are (i) comonotonic additive and (ii) preserving stochastic dominance. The representation for this class is a transform on the decumulative distribution function. It has close connections with the recent developments in economic decision...

In recent years, the issue of water allocation among competing users has been of great concern for many countries due to increasing water demand from population growth and economic development. In water management systems, the inherent uncertainties and their potential interactions pose a...

In this study, an interactive multi-stage stochastic fuzzy programming (IMSFP) approach has been developed through incorporating an interactive fuzzy resolution (IFR) method within an inexact multi-stage stochastic programming framework. IMSFP can deal with dual uncertainties expressed as fuzzy...

Several models of economic behavior currently compete for an explanation of individual wealth accumulation. However, most focus upon a very limited set of saving motives. In this paper we build a general model of economic behavior, set in a stochastic environment, which incorporates multiple...

This article discusses the design and evaluation of a virtual window prototype, built using arrays of LED tiles to simulate the light as well as the view of a window. Arrays of white light LED fixtures with adjustable colour temperatures were incorporated to provide direct light into the test...