There are two explanations for agricultural price dynamics. One follows cobweb logic and
models fluctuations driven by expectation errors but emphasises that these expectations …

With the rapid development of economy, the water shortage and water intake competition
have been further intensified, resulting in the conflict of water resources development. This …

We develop an optimal inventory policy for EOQ inventory systems which may have a
disruption in either supply or demand. The start of the disruption is known a priori and it lasts …

Increasing water demands, higher standards of living, depletion of resources of acceptable
quality and excessive water pollution due to agricultural and industrial expansions have …

Numerous countries have set up strategic petroleum reserves (SPRs) in response to oil
disruptions since 1970. While numerous studies model such programs, we found few that …

To protect the security of energy supply, China is building national strategic petroleum
reserve (SPR). We present a dynamic programming model to determine the optimal …

Geological exploration inputs' appropriateness is questionable and becomes one of
research hotspots in the supply-side reform of geological exploration industry, as China has …

China's Strategic Petroleum Reserve (SPR) is currently being prepared. But how large the
optimal stockpile size for China should be, what the best acquisition strategies are, how to …

This paper presents a model that incorporates variations in the demand rate at random time
points into the inventory planning decision. These changes in demand may occur due to …

In this paper, we analyze the impact of uncertain disruptions in gas supply upon gas retailer
contracting behavior and consequent price and welfare implications in a gas market …