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Optimal Assignment of Durable Objects to Successive Agents
Bloch, Francis; Houy, Nicolas - HAL - 2009
This paper analyzes the assignment of durable objects to successive generations of agents who live for two periods. The optimal assignment rule is stationary, favors old agents and is determined by a selectivity function which satisfies an iterative functional differential equation. More patient...
Persistent link: https://www.econbiz.de/10008794777
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Basics of Dynamic Programming for Revenue Management
Chapuis, Jean Michel - HAL - 2008
The Revenue Management (RM), namely the pricing and the inventory control of a perishable product, is usually used to improve services marketing efficiency. While booking a flight, the manager has to allocate seats to various fare classes. Then, he has to assess the consequence of a current...
Persistent link: https://www.econbiz.de/10011025827
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The strategy of parallel approaches in projects with unforeseeable uncertainty: the Manhattan case in retrospect
Lenfle, Sylvain - HAL - 2011
demonstrates that, when confronted with unforeseeable uncertainties, managers can adopt either a learning, trial …
Persistent link: https://www.econbiz.de/10009393825
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CONCENTRACIÓN Y HETEROGENEIDAD EN LA INDUSTRIA HOTELERA
Elies, Furio; Alonso, Matilde - HAL - 2009
El objetivo del presente trabajo es estudiar del grado de concentración de la industria hotelera, con especial referencia al caso español. Para ello, una introducción, se presenta una revisión de la literatura que aborda la cuestión de los conceptos e indicadores de concentración...
Persistent link: https://www.econbiz.de/10008793716
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Projects, careers and resistances in hotels
Bosse, Nathalie; Guégnard, Christine - HAL - 2009
The hotel industry rhythms appear as a hindrance to staff loyalty and female careers development. However, two hotel … networks of the Accor group, Etap Hotel and Formule 1 stand out from this general pattern with a presence of female managers … (38% of managers). This case incites to wonder about career ladders within these budget hotel chains. Are the assets and …
Persistent link: https://www.econbiz.de/10008791115
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Long Memory Process in Asset Returns with Multivariate GARCH innovations
Mootamri, Imene - HAL - 2011
The main purpose of this paper is to consider the multivariate GARCH (MGARCH) framework to model the volatility of a multivariate process exhibiting long term dependence in stock returns. More precisely, the long term dependence is examined in the …first conditional moment of US stock returns...
Persistent link: https://www.econbiz.de/10009644795
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Detrending Persistent Predictors
Boucher, Christophe; Maillet, Bertrand - HAL - 2011
Researchers in finance very often rely on highly persistent - nearly integrated - explanatory variables to predict returns. This paper proposes to stand up to the usual problem of persistent regressor bias, by detrending the highly auto-correlated predictors. We find that the statistical...
Persistent link: https://www.econbiz.de/10010605314
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Changing-regime volatility: A fractionally integrated SETAR model
Dufrenot, Gilles; Guegan, Dominique; Peguin-Feissolle, Anne - HAL - 2008
This paper presents a 2-regime SETAR model with different long-memory processes in both regimes. We briefly present the memory properties of this model and propose an estimation method. Such a process is applied to the absolute and squared returns of five stock indices. A comparison with simple...
Persistent link: https://www.econbiz.de/10010750892
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Business surveys modelling with Seasonal-Cyclical Long Memory models
Ferrara, Laurent; Guegan, Dominique - HAL - 2008
Business surveys are an important element in the analysis of the short-term economic situation because of the timeliness and nature of the information they convey. Especially, surveys are often involved in econometric models in order to provide an early assessment of the current state of the...
Persistent link: https://www.econbiz.de/10010738446
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Chaos in economics and finance
Guegan, Dominique - HAL - 2007
In this article, we specify the different approaches followed by the economists and the financial economists in order to use chaos theory. We explain the main difference using this theory with other research domains like the mathematics and the physics. Finally, we present tools necessary for...
Persistent link: https://www.econbiz.de/10010738474