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This article discusses the question of whether significance tests on simulation results are meaningful at all. It is also argued that it is the effect size much more than the existence of the effect is what matters. It is the description of the distribution function of the stochastic process...
Persistent link: https://www.econbiz.de/10012043089
The present research work proposes a mathematical model of thermal power plant to analyse its performance through reliability measures. Evaluation of reliability measure for thermal power plant is a complex process. The thermal power plant is modelled using Markov process and explored the...
Persistent link: https://www.econbiz.de/10012046628
Abstract Results of multi-party bargaining are usually described by concepts from cooperative game theory, in particular by the core. In one-on-one matching, core allocations are stable in the sense that no pair of unmatched or otherwise matched players can improve their incomes by forming a...
Persistent link: https://www.econbiz.de/10014609913
Purpose – The purpose of this paper is to present a hybridized technique for analyzing the stochastic behavior of an industrial system. The feeding system of a paper mill situated in North India producing 200 tons of paper per day has been considered for analysis and efforts have been made to...
Persistent link: https://www.econbiz.de/10014800612
Purpose The purpose of this paper is to develop a theoretical model of a jump diffusion-mean reversion constant proportion portfolio insurance strategy under the presence of transaction cost and stochastic floor as opposed to the deterministic floor used in the previous literatures....
Persistent link: https://www.econbiz.de/10014688128
This paper applies non-linear methods to analyze and predict the daily VIX index which is one of the most important stock indexes in the world. The aim of the analysis is to quantitatively show if the corresponding time series is a deterministic chaotic one and if one or more days ahead...
Persistent link: https://www.econbiz.de/10012047129
results show that the incidence of informal employment is directly linked with EPL, volatility, and labor bargaining power. We …
Persistent link: https://www.econbiz.de/10014585145
estimation methodology, we investigate the degree and direction of dissemination in the volatility of economic growth. Our …’s economic growth volatility to affect other countries. Thus, an economic recession for example in one country, does not affect … all countries equally across regime type. Second, growth volatility is not simply a North-South phenomenon, but a South …
Persistent link: https://www.econbiz.de/10014588419
Abstract This paper uses a dynamic framework of a small open economy to study the volatility effects of partially … stabilizing, i. e. lead to a lower volatility than a fully anticipated monetary policy shock of the same form. (ii) However, we …
Persistent link: https://www.econbiz.de/10014609557
This paper examines the stability, predictability, volatility, time varying risk premiums and persistence of shocks to … volatility in the ten Middle Eastern and African (ME&A) emerging stock markets. Although the majority of ME&A markets only … finds ME&A markets to be unpredictable. The findings on volatility in the emerging market indicate that eight out of the ten …
Persistent link: https://www.econbiz.de/10014618727