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The stochastic simulation model suggested by Bolder (2003) for the analysis of the federal government's debt … nonetheless complicated by two challenges. First, performing optimization with traditional techniques in a simulation setting is … address a number of policy questions that could not be fully addressed with the current stochastic simulation engine. -- Debt …
Persistent link: https://www.econbiz.de/10003463632
A general theoretical and empirical framework is developed for assessing the potential of a vertically integrated firm to foreclose downstream competitors. Using this framework a policymaker may also evaluate the empirical welfare effects from a vertically integrated firm raising rivals' costs....
Persistent link: https://www.econbiz.de/10010391562
The main goal of this paper is to better understand the behavior of credit spreads in the past and the potential risk of unexpected future credit spread changes. One important consideration to note regarding credit spreads is the fact that bond spreads contain a liquidity premium, which...
Persistent link: https://www.econbiz.de/10013105185
This paper presents a tool for warehouse processes optimization. It allows checking of the effectiveness of any warehouse layout with a free designed storage location assignment. Warehouse real-time simulator tests the quality of projected layout and item's location assignment using optimal...
Persistent link: https://www.econbiz.de/10013072941
I use a simple computer simulation model to gain insights on the nature of wealth inequality. Two testable predictions …
Persistent link: https://www.econbiz.de/10013015245
The stochastic simulation model suggested by Bolder (2003) for the analysis of the federal government's debt … nonetheless complicated by two challenges. First, performing optimization with traditional techniques in a simulation setting is … address a number of policy questions that could not be fully addressed with the current stochastic simulation engine …
Persistent link: https://www.econbiz.de/10012725872
The paper proposes a new Monte-Carlo simulator combining the advantages of Sequential Monte Carlo simulators and Hamiltonian Monte Carlo simulators. The result is a method that is robust to multimodality and complex shapes to use for inference in presence of difficult likelihoods or target...
Persistent link: https://www.econbiz.de/10012935032
This paper documents the specification of a model that was constructed to assess debt sustainability in emerging market economies. Key features of the model include external and fiscal sectors, which allow assessment of external and public debt in a unified framework' public and external debt,...
Persistent link: https://www.econbiz.de/10012752024
propose a reverse stress test methodology based on a stochastic simulation optimization system. This methodology enables users …
Persistent link: https://www.econbiz.de/10012322078
This article uses a sequentialized experimental design to select simulation input combinations for global optimization …/output data of the simulation model (computer code). This design and analysis adapt the classic "expected improvement" (EI) in …
Persistent link: https://www.econbiz.de/10014185812