An autonomous trading agent is a complex piece of software that must operate in a competitive economic environment and support a research agenda. We describe the structure of decision processes in the MinneTAC trading agent, focusing on the use of evaluators – configurable, composable modules...

An effective Decision Support System (DSS) should help its users improve decision-making in complex, information-rich, environments. We present a feature gap analysis that shows that current decision support technologies lack important qualities for a new generation of agile business models that...

Sensitivity analysis is used to quantify the impact of changes in the initial data of linear programs on the optimal value. In particular, parametric sensitivity analysis involves a perturbation analysis in which the effects of small changes of some or all of the initial data on an optimal...

Navigational systems assist drivers in finding a route between two locations that is time optimal in theory but seldom in practice due to delaying circumstances the system is unaware of, such as traffic jams. Upon arrival at the destination the service of the system ends and the driver is forced...

In this note we give an elementary proof of the Fritz-John and Karush-Kuhn-Tucker conditions for nonlinear finite dimensional programming problems with equality and/or inequality constraints. The proof avoids the implicit function theorem usually applied when dealing with equality constraints...

Ambulatory e-prescribing, at first glance, appears to be a straightforward automation effort that electronically connects an e-prescriber to an electronic network so an e-script can be sent to a pharmacist. The reality is much more complex. The successful implementation of e-prescribing requires...

Artificial stock markets are built with diffuse priors in mind regarding trading strategiesand price formation mechanisms. Diffuse priors are a natural consequence of theunknown relation between the various elements that drive market dynamics and the largevariety of market organizations,...

From the time of the 'first' industrial revolution when mass production became the order of the day, leading to self-sufficiency and increase in employment and international trade, the industrial growth has become the barometer of economic progress. Several industrial units have sprung up in all...

In this paper we present the results of an international survey among 313 CFOs on capitalstructure choice. We document several interesting insights on how theoretical concepts arebeing applied by professionals in the U.K., the Netherlands, Germany, and France and wedirectly compare our results...

Open standard-setting organizations (SSOs) have emerged as important coordination and diffusion mechanism for information and communication technologies. Open standards are developed non-discriminatorily and licensed to anybody at reasonable and non-discriminatory terms. Little is known about...