The one-year prediction error (one-year MSEP) proposed by Merz and Wüthrich has become a market-standard approach for the assessment of reserve volatilities for Solvency II purposes. However, this approach is declined in a univariate framework. Moreover, Braun proposed a closed-formed...

We propose a tractable framework for quantifying the impact of fire sales on the volatility and correlations of asset returns in a multi-asset setting. Our results enable to quantify the impact of fire sales on the covariance structure of asset returns and provide a quantitative explanation for...

We present an integrated transport and land-use model for prediction of traffic flows for the entire urban logistics system. The model shows the relation between several aspects of commercial strategies (store location, commercial area's supply, and urban planning policies) and both the upstream...

This paper studies a set of indicators for evaluating how the quality of a freight distribution service with time windows, which operates on a given road network to satisfy a number of requests, affects the service cost. The result of a service quality setting, expressed as the width of the time...

This paper analyses how the scoring systems actually and potentially used in a variety of sports and games affect the suspense they can generate. The experimental method relies on several Monte Carlo simulations applied on a comparative basis to basketball, table tennis and tennis. Results show...