Distributed lag models are an important tool in modeling dynamic systems in economics. In the analysis of composite forms of such models, the component models are ordered in parallel (with the same independent variable) and/or in series (where the independent variable is also the dependent...

Aim of the research is an analysis of the mechanism of transmission of the disturbances caused by the supply or price shocks in such economic systems as the supply chains, linked markets, etc. The interest of the study is focused on the propagation of shocks in the complex systems with...

In the following paper we propose the method for option pricing based on application of stochastic analysis and theory of fuzzy numbers. The process of underlying asset trajectory belongs to a subclass of Levy processes with jumps. From practical point of view some parameters of such trajectory...

The increasing number of natural catastrophes like floods, hurricanes, and earthquakes not only causes many victims, but also leads to severe production, infrastructure, and individual property losses. Classic insurance mechanisms may be inadequate for dealing with such losses because of the...

The analysis presented in this paper is focused on the basic properties of discrete distributed lag models. Such models are commonly used to model dynamic systems in different applications. In the presented considerations, time-varying distributed lags are analyzed. The composite distributed lag...