This study develops and implements a theory and method for analyzing whether introducing new securities or relaxing investment constraints improves the investment opportunity set for risk averse investors. We develop a test procedure for 'stochastic spanning' for two nested polyhedral portfolio...

This thesis is a study of the detection of separation among the sample points in binary logistic regression models. We propose a new algorithm for detecting separation and demonstrate empirically that it can be computed fast enough to be used routinely as part of the fitting process for logistic...

Esse artigo avalia a viabilidade econômica da terminação de bovinos em confinamento para o ano de 2008. Dezessete cenários são simulados considerando-se diferentes ganhos de peso vivo diário para 220 animais, machos castrados, ½ Zebu  ½ Holandês, com peso inicial médio de 354 kg,...

O aumento da pressão sobre os recursos hídricos tem levado muitos países a reconsiderarem os mecanismos utilizados na indução do uso eficiente da água. Isso é especialmente verdade para a agricultura irrigada, uma das principais consumidoras de água. Estabelecer o preço correto da água...

Travelling stock reserves (TSRs) were established in Australia as a way of allowing the passage of livestock through settled lands to facilitate stocking of new lands. Subsequently, they remained important as a way of moving livestock from property to property or from property to market. Today,...

Of water withdrawn for agricultural crop irrigation, a portion is consumed and the remainder comes back to the hydrologic system as return flows. Previous models of irrigation water demand have mostly focused on the change in withdrawals in response to price changes, even though knowledge of the...

This study describes the development of bio economic models examining the economic and water quality impact of various proposed policy options in the Upper Waikato catchment. In the first phase nitrogen emissions are determined for representative farming systems using the Overseer nutrient...

This paper treats the problem of setting the inventory level and optimizing the buffer allocation of closed-loop flow lines operating under the constant-work-in-process (CONWIP) protocol. We solve a very large but simple linear program that models an entire simulation run of a closed-loop flow...

Traditional approaches to estimating the potential benefits of water reform, including the introduction of water markets, have relied on short-run models which assume irrigation capital is either fixed or not a constraint on decision making. Other studies have incorporated a long-run decision...

Purpose: A Reconfigurable Disassembly System (RDS) represents a new paradigm of automated disassembly system that uses reconfigurable manufacturing technology for fast adaptation to changes in the quantity and mix of products to disassemble. This paper deals with a methodology for designing and...