In this paper the authors present a case study from the woodprocessingindustry. It focuses on a cutting process in which material fromstock is cut down in order to provide the items required by the customers in thedesired qualities, sizes and quantities. In particular, two aspects make this...

In this paper the authors present a case study from the woodprocessingindustry. It focuses on a cutting process in which material fromstock is cut down in order to provide the items required by the customersin the desired qualities, sizes, and quantities. In particular, two aspectsmake this...

This paper discusses the theoretical and practical aspects of new methods for solving DEA problems under real-life geometrical uncertainty and probability uncertainty of sample data. The proposed minimax approach to solve problems with geometrical uncertainty of sample data involves an...

We study a model of managerial incentive problems where a manager chooses the first two moments of his firm's profit distribution - mean and volatility - along an efficient frontier. Assuming that managers differ with respect to their marginal cost of effort and their risk aversion we explore...

We propose a novel approach to deal with the problem of indeterminacy in Linear Rational Expectations models. The method consists of augmenting the original model with a set of auxiliary exogenous equations that are used to provide the adequate number of explosive roots in presence of...