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See also the article in <P>Papers in Regional Science</I> (2011). Volume 90, issue 1, pages 67-90.<P> Standard Data Envelopment Analysis (DEA) is characterized by uniform proportional input reduction or output augmentation in calculating improvement projections. This paper develops a new Euclidean...</p></p>
Persistent link: https://www.econbiz.de/10011256105
This paper deals with a system where batch arrivals wait in a station until a server (a train) is available, at which moment it services all customers in waiting. This is an example of a bulk server, which has many applications in public transportation, telecommunications, computer resource...
Persistent link: https://www.econbiz.de/10011256323
which enable a decision-maker to analyze the implications oftypical timeseries patterns of daily exchange rates for currency …
Persistent link: https://www.econbiz.de/10011256653
decision whether or not to hedge the currencyrisk implied by foreign investments. In a recent paper, Bos, Mahieu and van Dijk … inference and decision analysis. The models differ in the way time-varying means,variances or the unconditional error …
Persistent link: https://www.econbiz.de/10011256848
This paper provides series expansions of the stationary distribution of a finite Markov chain. This leads to an efficient numerical algorithm for computing the stationary distribution of a finite Markov chain. Numerical examples are given to illustrate the performance of the algorithm.
Persistent link: https://www.econbiz.de/10011256872
A novel simulation-based methodology is proposed to test the validity of a set of marginal time series models, where …
Persistent link: https://www.econbiz.de/10011257126
Various plants and resources such as orchards are vulnerable to the detrimental effects of successful invasions by alien animal or plant species. To outline an appropriate policy response, we first use renewal theory to construct a stochastic model of optimal orchard management in the presence...
Persistent link: https://www.econbiz.de/10011257147
financial industry. Recently, Hong showed in his breakthrough papers that efficient simulation based estimators can be obtained …
Persistent link: https://www.econbiz.de/10011257156
tails. In thispaper we construct models which enable a decision-maker to analyze theimplications of such time series …) are investigated in relation to the hedging decision strategies.Consequently, we can make a distinction between … decision the investor faces. …
Persistent link: https://www.econbiz.de/10011257188
This paper analyzes situations in which a project consisting of several activities is not realized according to plan. Ifthe project is expedited, a reward arises. Analogously, a penalty arises if the project is delayed. This paper considersthe case of arbitrary nondecreasing reward and penalty...
Persistent link: https://www.econbiz.de/10011257261