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Background: This paper contributes to the evidence-base on prices and alcohol use by presenting meta-analytic summaries of price and income elasticities for alcohol beverages. The analysis improves on previous meta-analyses by correcting for outliers and publication bias. Methods: Adjusting for...
Persistent link: https://www.econbiz.de/10011599768
Hierarchical aggregation/disaggregation of time series in order to make forecasts is a frequent challenge in business and econometric scenarios. This work presents a novel approach for selecting an adequate time series disaggregation level as a starting point for making forecasts. The...
Persistent link: https://www.econbiz.de/10011307185
This article considers the use of fuzzy logic to support the evaluation of project status. A brief description of fuzzy set theory, fuzzy logic and the process of calculation is given. The major goal of this paper is to present an expert decision-making fuzzy model for evaluating project status....
Persistent link: https://www.econbiz.de/10011307219
A decision maker, named Alice, wants to know if an expert has significant information about payoff-relevant probabilities of future events. The expert, named Bob, either knows this probability almost perfectly or knows nothing about it. Hence, both Alice and the uninformed expert face...
Persistent link: https://www.econbiz.de/10011599380
Supply chain engineering requires a design that possesses the flexibility of a complex adaptive system, consisting of interlinking architecture, with external dimensions and system germane internal elements. The aim of this paper is to critically analyse the key supply chain concepts and...
Persistent link: https://www.econbiz.de/10011670602
Developments in communication and transportation technology have increased access to formerly distant destinations in an unprecedented way. Tourist centers develop new strategies to increase their share in this growing market. Travel agencies put up advertisements to keep their present customers...
Persistent link: https://www.econbiz.de/10011985095
In this paper, the authors present an EOQ model with substitutions between products and a dynamic inventory replenishment policy. Their key assumption is that many products in the market are substitutable at different levels, and that, in most cases, a customer who discovers that a desired...
Persistent link: https://www.econbiz.de/10012007753
We introduce a learning framework in which a principal seeks to determine the ability of a strategic agent. The principal assigns a test consisting of a finite sequence of tasks. The test is adaptive: each task that is assigned can depend on the agent's past performance. The probability of...
Persistent link: https://www.econbiz.de/10012010056
Die Unsicherheit deutscher Unternehmen im Hinblick auf die zukünftige wirtschaftliche Entwicklung ist zuletzt deutlich größer geworden. Das ifo Streuungsmaß, das monatlich im Rahmen der ifo Konjunkturumfragen berechnet wird und die Unsicherheit misst, ist zwischen Mai und September dieses...
Persistent link: https://www.econbiz.de/10012018006
The open science and research transparency movement aims to make the research process more visible and to strengthen the credibility of results. Examples of open research practices include open data, pre-registration, and replication. Open science proponents argue that making data and codes...
Persistent link: https://www.econbiz.de/10012120570