In this paper, we analyze a generalization of a classic network-flow model. The generalization involves the replacement of deterministic demand with stochastic demand. While this generalization ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

In this paper, the selective travelling salesperson problem with stochastic service times, travel times, and travel costs (SSTSP) is addressed. In the SSTSP, service times, travel times and travel ...

Natural rock fractures are characterized by highly irregular rough walls, which are best modeled as spatially correlated random surfaces. This leads to a description of fractures, wherein the fracture ...

Daily flow data for the Usk River in Wales was simulated using a nonparametric bootstrap procedure that captures autocorrelation called k-nearest neighbor (k-NN) (Lall and Sharma, 1996). The objective ...

J.B. Maverick is an active trader, commodity futures broker, and stock market analyst 17+ years of experience, in addition to 10+ years of experience as a finance writer and book editor. The ...