The research objective of the present study is the development of a model for increased accuracy of steel-price forecasts, which is of paramount importance for firms who use steel as an input and thus need to make informed decisions with regard to an optimal amount and type of hedge against...

A new hyperplanes intersection simulated annealing (HISA) algorithm, based on a discrete representation of the search space as a combinatorial set of hyperplanes intersections, is developed for maximum score estimation of the binary choice model. As a prerequisite of the discrete space simulated...