In this paper, we propose a commodity pricing model that extends Gibson-Schwartz two-factor model to incorporate the effect of linear relations among commodity prices, which include co-integration under certain conditions. We derive futures and call option pricing formulae, and show that unlike Duan and Pliska (2004), the linear relations among commodity prices, or the error correction term, sh...

The Internet is rapidly growing in number of users, traffic volume, and topological complexity. At the same time it is increasingly driven by economic competition. These developments render it more difficult, and yet more critical, to characterize network usage and workload trends, and point to the need for a high performance monitoring system that can provide workload data to Internet users an...

P∈Pi P∋e fi,P ≤ ce ∀e fi,P ≥ 0 Dual 1 solves the max-sum multi-commodity flow problem: ce represents the capacity of an edge, and fi,P is the amount of flow directed from si to ti along the path P . The LP tries to maximize the total amount of commodity flow. Lemma 17.1.1 Multicut is always larger than the corresponding max-sum multi-commodity flow. Lemma 17.1.2 Multicut is at most O(logK) time...

abstract increase in aquatics demand is one of the major goals for production policies. hence analysis of demand structure and aquatics consumption patterns is very applicative and useful for policy makers. using the almost ideal demand system (a.i.d.s), the demand function for types of aquatics and chicken meat in urban and rural societies in kerman city were estimated. applying time series da...

We theoretically study how commodity financialization affects trading behavior, prices and welfare through affecting risk sharing and price discovery in futures markets. In our model, the general equilibrium feature makes financial traders either provide or demand liquidity in the futures market, depending on the information environment. Consistent with recent evidence, commodity financializati...

In recent years, the studies of location play a key role in success and stability of economic activities. Location studies are under consideration in both national and international levels. Meanwhile, identification of goals and methods of solving location problems have significant importance. The purpose of this paper is to examine spatial distribution of economic activities in 14 zones of Esf...

1. The second question suggested by the analytical framework is whether market failures will result from decreases in the prices of commodity outputs, in a context of agricultural policy reform. To answer this question, we need to know: (1) how price decreases will affect the level of production of both commodity and non-commodity outputs, and (2) what is the value of the resulting reduction in...

This paper presents a method for computing shadows on incomplete point-based isosurfaces. Such surfaces are obtained in our setting by a view-dependent isosurface extraction method that allows interactive exploration of large scale datasets on commodity hardware. This approach raises the need for a novel and efficient technique to generate high-quality shadows. The latter dramatically enhances ...