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Testing for Stochastic Dominance Efficiency

Scaillet, Olivier; Topaloglou, Nikolas - Institut für Schweizerisches Bankwesen <Zürich> - 2008

We consider consistent tests for stochastic dominance efficiency at any order of a given portfolio with respect to all possible portfolios constructed from a set of assets. We justify block bootstrap approaches to achieve valid inference in a time series setting. The test statistics are computed...

Persistent link: https://www.econbiz.de/10005858776

Placement Optimization in Refugee Resettlement

Trapp, Andrew C.; Teytelboym, Alexander; Martinello, … - 2020

Every year tens of thousands of refugees are resettled to dozens of host countries. While there is growing evidence that the initial placement of refugee families profoundly affects their lifetime outcomes, there have been few attempts to optimize resettlement decisions. We integrate machine...

Persistent link: https://www.econbiz.de/10013208823

A Pure Binary LP Model to the Facility Layout Problem

Papahristodoulou, Christos - 1999

In facility layout problems, a major concern is the optimal design or remodeling of the facilities of an organization. The decision maker's objective is to arrange the facility in an optimal way, so that the interaction among functions (i.e. machines, inventories, persons) and places (i.e....

Persistent link: https://www.econbiz.de/10010321747

Optimal Importance Sampling for Credit Portfolios with Stochastic Approximation

Egloff, Daniel; Leippold, Markus; Jöhri, Stephan - Institut für Schweizerisches Bankwesen <Zürich> - 2005

We introduce an adaptive importance sampling method for the loss distribution of credit portfolios based on the Robbins-Monro stochastic approximation procedure. After presenting the subtle construction of the algorithm, we apply our adaptive scheme for calculating the risk figures of a typical...

Persistent link: https://www.econbiz.de/10005858875

The reproduction number in the classical epidemiological model

Quaas, Georg - 2020

calculation of this figure is neither theory-based nor particularly reliable. Nevertheless, there is a simple way to determine its …

Persistent link: https://www.econbiz.de/10012211610

The measurement of the reproduction number

Quaas, Georg - 2021

to be more plausible and practicable in Germany. This paper aims to show that RKI's reproduction number is neither theory … accordance with epidemiologic theory. The correct calculated Rnumber could serve as reliable compass leading health policymakers …

Persistent link: https://www.econbiz.de/10012502198

A complementary micro Coronavirus model under uncertainty and utility

Gander, James P. - 2020

A micro decision-making utility model under uncertainty is presented as a complementary foundation for macro coronavirus models. The micro model consists of two functions, a risk averse utility function depending on wellness and a wellness random output which is a function of the input variable...

Persistent link: https://www.econbiz.de/10013269247

A pharmaceutical innovation: Is it worth the money? Whose money?

Sennhauser, Michèle; Zweifel, Peter - 2009

for modern insulin therapy. Of the 1,100 individuals interviewed in 2007, 200 suffered from type 1 diabetes, 150 from … insulin-treated type 2 diabetes, and 150 from insulin-naive type 2 diabetes. The long-acting insulin analogue 'Insulin Detemir … willingness-to-pay (WTP) values through copayment (adjusted for probability of contracting diabetes), while affected type 1 and …

Persistent link: https://www.econbiz.de/10010315493

The Effectiveness of Health Screening

Hackl, Franz; Halla, Martin; Hummer, Michael; Pruckner, … - 2012

Using a matched insurant-general practitioner panel data set, we estimated the effect of a general health-screening program on individuals' health status and health care cost. To account for selection into treatment, we used regional variations in the intensity of exposure to supply-determined...

Persistent link: https://www.econbiz.de/10010294861

Impact of Preventive Health Care on Indian Industry and Economy

Chadha, Alka; Mehdi, Ali; Malik, Garima - 2007

In this study, the authors have tried to examine the empirical evidence on the relationship between preventive health care and labour productivity and corporate profitability. While doing so, they try to generate awareness on the positive role of preventive health care in boosting the corporate...

Persistent link: https://www.econbiz.de/10011807605