The Markov model showed only slight predictive advantage over the no-change model for short-term forecasting of supermarket choices for a sample of 45 families. While this does not imply a blanket rejection of the Markov technique for forecasting, it is important to recall that this case held to...

In the customer expectations arena, relatively little attention has been paid to the impact on expectations of variation in cultural variables unique to a country. Here the authors focus on one country, India, and a major cultural influence there - the extent of belief in karma. Prior research...

A mutual insurance firm is a firm whose stockholders are the bearers of the insurance contracts. Insurance is then viewed as a collective (pooled) process of persons paying a fixed (or variable, contingent) amount monthly (the premium) and seeking protection against claims that may occur to any...

[fre] Investissements, utilisation de capacité productive et dépréciation: politiques optimales. . En appliquant la théorie de commande optimale à un modèle dynamique de l'entreprise, il est possible de déterminer les politiques optimales en matière d'investissements, d'utilisation de...

Self-serving altruistic domestic consumption arises when foreign consumption contributes to the domestic utility of consumption. This is particularly the case when consumption saturated economies with excess capacities vie to increase their employment and expand their foreign trade to maintain...

This paper is intended as a pedagogical note to explain CDO and structured financial credit products modeling and some approaches to their pricing. The authors thank the NYU-Polytechnic Institute for the research support through the department of Finance and Risk Engineering and the Topfer Chair

Building up a supply capacity to meet future and uncertain demands for products is a strategic issue which is both costly and dealt with in numerous approaches. For example, oil and gas contracts, as well as production of fashion goods or production for peak demands (as they recur at Christmas...

Managing risk and safety consists in defining, measuring, estimating, analyzing, valuing-pricing and integrating all facets of risk and their safety-consequential effects (real or not, external, internally induced or use dependent) into a whole system which can contribute to their design,...