In this study, we consider multi-period portfolio optimization model that is formulated as a mixed-integer second-order cone programming problems (MISOCPs). The Markowitz (1952) mean/variance framework has been extended by including transaction costs, conditional value-at-risk (CVaR),...

Wind power is the largest renewable energy source which produces a negligible amount of greenhouse gas (GHG) emissions, has gained enormous attention in the electricity generation sector over the past decade in the United States. In this study, a Data Envelopment Analysis (DEA) is implemented to...

The classical economic lot-scheduling problem (ELSP) involves the batch sizing and scheduling of multiple products in a single facility under deterministic conditions over an infinite planning horizon. It is assumed that the products are delivered to customers at continuous rates. In today's...

In this study, we consider two competing methods, traditional mean/variance efficient portfolio and a generalization allowing for skewness as a Bayesian decision problem. Using observed (market) weights we investigate the market's preference for risk. We do this with bilevel optimization, where...

Wind power is one of the most promising renewable energy sources that has gained enormous attention, especially in the electricity generation sector over the past decade in the United States. In this study Data Envelopment Analysis (DEA) is implemented to quantitatively evaluate the relative...

In this paper, we compare the efficiencies of the eight major renewable energy sources that generate electricity. We use Data Envelopment Analysis (DEA) to determine the most efficient renewable energy source. We apply four different analytical approaches to rank these energy sources with...

In this paper, we compare the efficiencies of seven primary renewable energy technologies that generate electricity. We use Data Envelopment Analysis (DEA) to determine the most efficient renewable energy source with predetermined input and output variables. We apply four different analytical...

Wind power becomes one of the most promising energy sources in the electricity generation sector in Texas over the past decade by declining levelized cost of wind energy. However, recent studies show that the wind farms in Texas are relatively less productive. Hence, this study aims to find out...