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This article presents the development and application of a simulation model that was used to forecast the demand of …, how stochastic simulation and Bayesian statistics can be combined to model and solve complex forecasting problems. The …
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A class of adaptive sampling methods is introduced for efficient posterior and predictive simulation. The proposed … approximation problem, which facilitates the application of adaptive importance sampling for posterior simulation in more complex …
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Simulation of the MP behaviour in forward osmosis (FO) membrane-based processes may provide a better understanding and …
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We analyze the effects of better algorithmic demand forecasting on collusive profits. We show that the comparative statics crucially depend on the whether actions are observable. Thus, the optimal antitrust policy needs to take into account the institutional settings of the industry in question....
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