In this paper, we consider the newsvendor model under partial information, i.e., where the demand distribution D is partly unknown. We focus on the classical case where the retailer only knows the expectation and variance ...

The main purpose of this report is to investigate the effects of postponing implementation of a carbon tax assuming that externalities associated with climate change and global warming is real. Failing to internalize these ...

We present a flexible, formal framework for maintenance scheduling for public facilities. Key features of the model include an accelerating deterioration scheme, a general utility measure, and real estate market effects ...

The optimal extraction path of fossil fuels and the corresponding corrective tax on extraction are derived when two types of externalities associated with emission of carbondioxide (CO2) are taken into account. The optimal ...

This paper combines the new and elegant technique of inverse methods and a Monte Carlo procedure to analyze real data for the Norwegian cod fishery (NCF) stock. A simple nonlinear dynamic resource model is calibrated to ...

In this report the fisheries policies in Denmark, Iceland and Norway are subject to evaluation in a comparative perspective with particular emphasis on multi-species interaction and uncertainty. The actual harvest and ...

We develop a bioeconomic model to analyze a sole-owner fishery with fixed costs as well as a continuous cost function for the generalized Cobb-Douglas production function with increasing marginal returns to effort level. ...

The multispecies fisheries management looks at a bigger picture in addressing the long-term consequences of present decisions. This implies an ecosystem management that includes a number of species and their physical, ...

A variant of the classical harvesting game, where a number of competing agents simultaneously harvest a common-pool natural resource, is analysed. The harvesting at each time is a Cournot competition. The critical assumption ...