Most scheduling problems are notoriously intractable, so the majority of algorithms for them are heuristic in nature. Priority rule-based methods still constitute the most important class of these heuristics. Of these, in turn, parameterized biased random sampling methods have attracted...

Most scheduling problems are notoriously intractable, so the majority of algorithms for them are heuristic in nature. Priority rule-based methods still constitute the most important class of these heuristics. Of these, in turn, parameterized biased random sampling methods have attracted...

For most computationally intractable problems there exists no heuristic which performs best on all instances. Usually, a heuristic characterized as best will perform good on the majority of instances but leave a minority on which other heuristics do better. In priority rule-based scheduling,...

In this paper, a new form of weather derivative contract, namely the climatic zone-based growth degree-day (GDD) contract, is introduced. The objective is to increase the risk management efficiency in the agricultural sector of China and to reduce the model dimension of multi-regional...

Weather derivatives are contingent claims with payoff based on a pre-specified weather index. Firms exposed to weather risk can transfer it to financial markets via weather derivatives. We develop a utility-based model for pricing baskets of weather derivatives under default risk on the issuer...

Non-catastrophic weather risk is gaining importance as climate change becomes more pronounced and economic crisis forces companies to strengthen their cost control. Recent literature proposes weather derivatives as flexible weather risk mitigating tools. Only a handful of studies analysed the...

This article investigates the effectiveness of TAIEX (Taiwan Stock Exchange) futures, Taiwan 50 futures, and nonfinance nonelectronics subindex (NFNE) futures for cross hedging the price risk of stock sector indices traded on the Taiwan stock exchange. A state-dependent volatility spillover...

We propose a simple but practical methodology for the quantification of correlation risk in the context of credit derivatives pricing and credit valuation adjustment (CVA), where the correlation between rates and credit is often uncertain or unmodelled. We take the rates model to be Hull-White...

Most scheduling problems are notoriously intractable, so the majority of algorithms for them are heuristic in nature. Priority rule-based methods still constitute the most important class of these heuristics. Of these, in turn, parameterized biased random sampling methods have attracted...

Most scheduling problems are notoriously intractable, so the majority of algorithms for them are heuristic in nature. Priority rule-based methods still constitute the most important class of these heuristics. Of these, in turn, parameterized biased random sampling methods have attracted...