This paper develops a method to characterize the dynamic behavior of statistically dependent returns of assets via a scenario set. The proposed method uses heteroskedastic time series to model serial correlations of returns, as well as Cholesky decomposition to generate the set of scenarios such...

We propose a multi-depot location-routing model considering network failure, multiple uses of vehicles, and standard relief time. The model determines the locations of local depots and routing for last mile distribution after an earthquake. The model is extended to a two-stage stochastic program...

Iron and steel industry is the most energy intensive industrial sector in Iran. Long time subsidized energy has led to low energy efficiency in this industry. The sudden subsidy reform of energy prices in Iran is expected to have a great impact on steel production and energy consumption. A...