Publications by authors named "Binfen Liu"
Article Synopsis
- A novel framework based on a newsvendor model was developed for effectively allocating regional industrial water resources while addressing uncertainties in water supply and demand.
- The total cost of water allocation considers expenses from allocated water, opportunity losses for unmet demand, and penalties for oversupply.
- The model optimizes allocation by analyzing water prices and losses, yielding lower costs and better water availability in Huizhou City, China, compared to traditional methods.
