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sequences provide an additional step in optimization and control. This motivates our new approach where we avoid the …
Persistent link: https://www.econbiz.de/10011255616
In this paper we study Markov Decision Process (MDP) problems with the restriction that at decision epochs only a finite number of given Markovian decision rules may be applied. The elements of the finite set of allowed decision rules should be mixed to improve the performance. The set of...
Persistent link: https://www.econbiz.de/10011255934
The purpose of this paper is to formally describe new optimization models for distributed telecommunication networks …
Persistent link: https://www.econbiz.de/10011255989
, and 2) given expectations, agents solve optimization problems and these solutions in turn determine actual price … both forecasting and optimization decisions in an experimental cobweb economy. We report results from four experimental … treatments: 1) subjects form forecasts only, 2) subjects determine quantity only (solve an optimization problem), 3) they do both …
Persistent link: https://www.econbiz.de/10011256912
the underlying statistical distributions, a variety of analyticalmethods and simulation-based methods are available. Aside … orhistorical and Monte Carlo simulation methods. Although these approaches to overall VaR estimation have receivedsubstantial … and incremental VaR in either a non-normal analytical setting or a MonteCarlo / historical simulation context.This paper …
Persistent link: https://www.econbiz.de/10011256282
This discussion paper resulted in a publication in <I>Games and Economic Behavior</I> (2014). Volume 86, pages 77-95.<P> Minority games are a stylized description of strategic situations with both coordination and competition. These games are widely studied using either simulations or laboratory...</p></i>
Persistent link: https://www.econbiz.de/10011256405
Adaptive Polar Sampling (APS) is proposed as a Markov chain Monte Carlomethod for Bayesian analysis of models with ill-behaved posteriordistributions. In order to sample efficiently from such a distribution,a location-scale transformation and a transformation to polarcoordinates are used. After...
Persistent link: https://www.econbiz.de/10011256462
not too rare to be found by a reasonable mutation process, and that typical simulation paths take the population from …
Persistent link: https://www.econbiz.de/10011256823
Total Factor Productivity (TFP)is often used on the macro-economic level as an indicator of changes in efficiency of a country. In many transition economies TFP is seen to have been negative the last decade of the plan economy and starts increasing and become positive after a (quite a) few years...
Persistent link: https://www.econbiz.de/10011256958
The papers in this special issue of Mathematics and Computers in Simulation cover the following topics: improving …, globalization, and innovation: a general equilibrium simulation, whether exchange rates affect consumer prices: a comparative …
Persistent link: https://www.econbiz.de/10011256964