As an illustration, consider a hypothetical example in which an organic solvent leaks from an industrial site and spreads over a large area. Assume the solvent is absorbed and immobilized into the ...

With inverse distance weighting and simple kriging, we assumed that the underlying spatial trend was essentially constant, or at least wasn’t determined by external information. This is generally a ...

Geostatistics originate from the work of French mathematician G. Matheron and South African mining engineer D.G. Krige, who worked on developing an optimal interpolation procedure based on ...

We investigate two new strategies for the numerical solution of optimal stopping problems in the regression Monte Carlo (RMC) framework proposed by Longstaff and Schwartz in 2001. First, we propose ...