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A configurable process model is an integrated representation of multiple variants of a business process. It is designed to be individualized to meet a particular set of requirements. As such, configurable process models promote systematic reuse of proven or common practices. Existing notations...
Persistent link: https://www.econbiz.de/10009483572
Configurable process models integrate different variants of a business process into a single model. Through configuration users of such models can then combine the variants to derive a process model optimally fitting their individual needs. While techniques for such models were suggested in...
Persistent link: https://www.econbiz.de/10009483367
Reference process models capture common practices in a given domain and variations thereof. Such models are intended to be configured in a specific setting, leading to individualized process models. Although the advantages of reference process models are widely accepted, their configuration...
Persistent link: https://www.econbiz.de/10009483408
Using monthly stock and bond return data in the past 150 years (1855-2001) for both the U.S. and the U.K., this study documents time-varying stock-bond correlation over macroeconomic conditions (the business cycle, the inflation environment and monetary policy stance). There are different...
Persistent link: https://www.econbiz.de/10012722334
In the context of a three-moment Intertemporal Capital Asset Pricing Model specification, we characterize conditional co-skewness between stock and bond excess returns using a bivariate regime-switching model. We find that both conditional U.S. stock co-skewness (the relation between stock...
Persistent link: https://www.econbiz.de/10012756616