Considering correlations between entries of credit portfolio is an important objective when estimating credit risk. This paper aims to construct a multivariate model of credit losses examining a portfolio composed of loans to a set of kinds of business. The paper also introduces the method of...

In this article, we describe simulation-based decision support techniques for evaluation of operational plans within effects-based planning. Using a decision support tool, developers of operational plans are able to evaluate thousands of alternative plans against possible courses of events and...

Maritime transportation plays a leading role in the movement and minimization of transportation costs of goods between regions. One of the major challenges faced by port managers/operators is the growing number of containers or ship traffic which can affect the port container terminal...