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Burnout from pools to loans: Modeling refinancing prepayments as a self-selection process

Gan, Jumwu - Volkswirtschaftliche Fakultät, … - 2009

In this paper we present compelling evidence from a detailed analysis of historical prepayment data to demonstrate that a mortgage cohort remembers the level of the previous mortgage rate troughs experienced by the cohort. This is a general property, observed ubiquitously, that inescapably leads...

Persistent link: https://www.econbiz.de/10005668404

Can issue linkage help mitigate externalities and enhance cooperation

Do, Pham; Hang, Kim; Dinar, Ariel; McKinney, Daene - Volkswirtschaftliche Fakultät, … - 2011

Managing transboundary river basins is never easy and usually involves conflicts. This paper introduces a special class of games with externalities and issue linkage to promote cooperation on transboundary water resources. The paper analyzes whether issue linkages can be used as a form of...

Persistent link: https://www.econbiz.de/10011107991

Optimal inventory policies with an exact cost function under large demand uncertainty

Halkos, George; Kevork, Ilias; Tziourtzioumis, Chris - Volkswirtschaftliche Fakultät, … - 2014

In this paper we investigate the minimization process of the exact cost function for a continuous review (Q,R) inventory model with non-negative reorder point and fixed lead-time. Backorders are allowed and the unit shortage cost is used to determine the expected annual shortage cost. Provided...

Persistent link: https://www.econbiz.de/10011112632

Some remarks on lower hemicontinuity of convex multivalued mappings

Piotr, Maćkowiak - Volkswirtschaftliche Fakultät, … - 2004

For a multifunction a condition sufficient for lower hemicontinuity is presented. It is shown that under convexity of …

Persistent link: https://www.econbiz.de/10011257819

Sustainable Institutions or Sustainable Poverty Targeting: The Case of Microfinance

Khan, Wajid; Sun, Shaorong; Khan, Ikramullah - Volkswirtschaftliche Fakultät, … - 2015

Microcredit, being the most unique form of antipoverty intervention in terms of its methodology and outreach, has generated considerable amount of disagreements in recent times. While there may be more serious disagreements surrounding microcredit, this article addresses whether or not...

Persistent link: https://www.econbiz.de/10011251879

Relevant States and Memory in Markov Chain Bootstrapping and Simulation

Cerqueti, Roy; Falbo, Paolo; Pelizzari, Cristian - Volkswirtschaftliche Fakultät, … - 2013

transition probabilities. Our approach is based on an optimization model. More specifically we consider two competing objectives …

Persistent link: https://www.econbiz.de/10011259232

Developing a hybrid comparative optimization model for short-term forecasting: an ‘idle time interval’ roadmap for operational units’ strategic planning

Filippou, Miltiades; Zervopoulos, Panagiotis - Volkswirtschaftliche Fakultät, … - 2011

individual operational units. This study introduces a stochastic, multi-stage, optimization technique for short-term forecasting …

Persistent link: https://www.econbiz.de/10011259245

An alternative to portfolio selection problem beyond Markowitz’s: Log Optimal Growth Portfolio

Muteba Mwamba, John; Suteni, Mwambi - Volkswirtschaftliche Fakultät, … - 2010

This paper constructs an alternative investment strategy to portfolio optimization model in the framework of the Mean … normally distributed. The traditional Mean–Variance optimization approach has only one objective, which fails to capture the … problem. The proposed optimization model which is an optimal portfolio strategy is produced for investors of various risk …

Persistent link: https://www.econbiz.de/10011259339

Identifying product attributes and consumer attitudes that impact willingness-to-pay for a nutraceutical-rich juice product

Lawless, Lydia J.R.; Drichoutis, Andreas; Nayga, Rodolfo; … - Volkswirtschaftliche Fakultät, … - 2012

A non-hypothetical Becker–DeGroot–Marschak (BDM) auction-like mechanism was utilized to determine consumer characteristics, attitudinal factors, and product sensory attributes that affect willingness-to-pay (WTP) for a nutraceutical-rich juice blend (75%Concord+12%Pomegranate+13%Black...

Persistent link: https://www.econbiz.de/10011260634

The role of management accounting in providing Information for making decision within an entity

Topor, Dan Ioan; Puţan, Alina; Căpuşneanu, Sorinel; I - Volkswirtschaftliche Fakultät, … - 2011

The scope of this research paper is to obtain information through management accounting and cost calculation, information that helps on developing the best decisions at the level of an organization. We used as an example a case study from the manufacturing industry which helped us to better...

Persistent link: https://www.econbiz.de/10009647375