Showing 1 - 10 of 35
The Mekong River (MR) is shared by six countries: China, Myanmar, Thailand, Laos, Cambodia, and Vietnam. Over the years there have been both conflict and cooperation on managing the water resources to meet population growth, climate change and the desire for economic development. Currently, the...
Persistent link: https://www.econbiz.de/10011107501
This paper reports a new theorem and proof for optimizing the advertising budget. The theorem is that the optimal rate of advertising is equal to gross profit multiplied by advertising elasticity. This does not involve a ratio of elasticities, and so is an advance on the Dorfman-Steiner theorem...
Persistent link: https://www.econbiz.de/10011109112
This paper explores how a put option changes the probability distribution of portfolio value. The paper extends the model introduced in Bell (2014) by allowing both the quantity and strike price to vary. I use the 5% quantile from the portfolio distribution to measure riskiness and compare...
Persistent link: https://www.econbiz.de/10011109243
mitigate the damages and save people’s lives. Optimization and simulation modeling have become powerful and useful tools to … help decision makers tackle problems related to disaster relief supply chain. This paper reviews optimization and … optimization problems of disaster relief supply chain under different types of disastrous events. We review the literature of …
Persistent link: https://www.econbiz.de/10011110517
Public universities in the Czech Republic suffer from insufficient funding for many years. One possibility for an increased funding of Czech public universities is an introduction of a low administrative fee called enrollment fee for each semester of a study. The aim of this article is to show...
Persistent link: https://www.econbiz.de/10011111644
The national system of higher education shall solve one of the most difficult and most important social and human issues – the education and training of the young generation, of the labour hand. The system of higher education appears as a subsystem of the national educational system and of the...
Persistent link: https://www.econbiz.de/10011258139
transition probabilities. Our approach is based on an optimization model. More specifically we consider two competing objectives …
Persistent link: https://www.econbiz.de/10011259232
individual operational units. This study introduces a stochastic, multi-stage, optimization technique for short-term forecasting …
Persistent link: https://www.econbiz.de/10011259245
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
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