This paper provides a survey of simulation in supply chain management. It reviews four types of simulation, namely spreadsheet simulation, system dynamics, discrete event simulation, and business games. Which simulation type should be applied, depends on the type of managerial question to be...

We review two complementary mixture-based clustering approaches for modeling unobserved heterogeneity in an insurance portfolio: the generalized linear mixed cluster-weighted model (CWM) and mixture-based clustering for an ordered stereotype model (OSM). The latter is for modeling of ordinal...

How to undertake distributional comparisons when personal well-being is measured using income is well-established. But what if personal well-being is measured using subjective well-being indicators such as life satisfaction or self-assessed health status? Has average well-being increased or...