These three papers address uncertainty in the management and valuation of renewable natural resources. The first paper develops a model to integrate both stock and price uncertainty to obtain optimal resource levels. The model is an extension of Reed (1974) and shows by proof and by example that when prices...
The scientific endeavors that took place at Hanford Engineer Works, beginning in World War II and continuing thereafter, are often overlooked in the literature on the Manhattan Project, the Atomic Energy Commission, and in regional histories. To historians of science, Hanford is described as an industrial facility that illustrates the...
The fractal dimension of measured ocean wave profiles is found to be in the range of 1.5-1.8. This non-integer dimension indicates the fractal nature of the waves. Standard formulations to analyze waves are based on a differential approach. Since fractals are non-differentiable, this formulation fails for waves with fractal characteristics....
Approximately $1 billion a year is spent on salmon in the Pacific
Northwest. Spending has escalated, yet the number of wild runs
placed under the protection of the Endangered Species Act has
increased, creating social and political controversy. For more than 100
years, salmon management in the Pacific Northwest has...
The micropolar equations of motion are developed, in a very general form, for a
mixture of fluid and solid particles. The fluid is allowed to move differently than the solids,
and the solids are modeled as a micropolar continuum. That is, the solid particles have an
additional degree of freedom...