In general, risk of an extreme outcome in financial markets can be expressed as a function of the tail copula of a high-dimensional vector after standardizing marginals. Hence it is of importance to model and estimate tail copulas. Even for moderate dimension, nonparametrically estimating a tail...

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...