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First Microsimulation Model of a LEDDA Community Currency-Dollar Economy

Boik, John C. - Principled Societies Project - 2014

simulation period, income inequality is nearly eliminated, and the unemployment rate drops to a 1 percent structural level. The …

Persistent link: https://www.econbiz.de/10011093793

FAST METHODS FOR LARGE-SCALE NON-ELLIPTICAL PORTFOLIO OPTIMIZATION

PAOLELLA, MARC S. - In: Annals of Financial Economics (AFE) 09 (2014) 02, pp. 1440001-1

, and conditionally heteroskedastic set of asset returns are entertained. Portfolio optimization via simulation is …

Persistent link: https://www.econbiz.de/10011094633

‘Horses for Courses’ in demand forecasting

Petropoulos, Fotios; Makridakis, Spyros; … - In: European Journal of Operational Research 237 (2014) 1, pp. 152-163

Forecasting as a scientific discipline has progressed a lot in the last 40years, with Nobel prizes being awarded for seminal work in the field, most notably to Engle, Granger and Kahneman. Despite these advances, even today we are unable to answer a very simple question, the one that is always...

Persistent link: https://www.econbiz.de/10011097678

Factor screening for simulation with multiple responses: Sequential bifurcation

Shi, Wen; Kleijnen, Jack P.C.; Liu, Zhixue - In: European Journal of Operational Research 237 (2014) 1, pp. 136-147

in a realistic simulation experiment. A specific method is sequential bifurcation (SB), which is a sequential method that …) second-order polynomials are adequate approximations of the input/output functions implied by the simulation model; (ii) the … important second-order effects either (heredity property). This paper examines SB for random simulation with multiple responses …

Persistent link: https://www.econbiz.de/10011097692

Stochastic preference analysis in numerical preference relations

Zhu, Bin; Xu, Zeshui - In: European Journal of Operational Research 237 (2014) 2, pp. 628-633

outcomes are obtained by Monte Carlo simulation with at least 95% confidence degree. Based on the outcomes, the DMs can choose …

Persistent link: https://www.econbiz.de/10011097705

Combining discrete-event simulation and system dynamics in a healthcare setting: A composite model for Chlamydia infection

Viana, J.; Brailsford, S.C.; Harindra, V.; Harper, P.R. - In: European Journal of Operational Research 237 (2014) 1, pp. 196-206

This paper presents a composite model in which two simulation approaches, discrete-event simulation (DES) and system …

Persistent link: https://www.econbiz.de/10011097843

Unit Root Tests, Size Distortions, and Cointegrated Data

Reed, W. Robert - Department of Economics and Finance, College of … - 2014

This paper demonstrates that unit root tests can suffer from inflated Type I error rates when data are cointegrated. Results from Monte Carlo simulations show that three commonly used unit root tests – the ADF, Phillips-Perron, and DF-GLS tests – frequently overreject the true null of a unit...

Persistent link: https://www.econbiz.de/10011099467

The incentive to invest in thermal plants in the presence of wind generation

Di Cosmo, Valeria; Malaguzzi Valeri, Laura - In: Energy Economics 43 (2014) C, pp. 306-315

In a deregulated market, the decision to add generation rests with private investors. This paper evaluates how generator profits are affected by increasing wind generation. Using hourly historical data for the Irish Single Electricity Market, we simulate new series of electricity prices,...

Persistent link: https://www.econbiz.de/10011100117

The Dynamics of Exploitation and Class in Accumulation Economies

Cogliano, Jonathan F.; Veneziani, Roberto; Yoshihara, Naoki - Department of Economics, University of Massachusetts-Amherst - 2014

This paper analyses the equilibrium dynamics of exploitation and class in general accumulation economies with population growth, technical change, and bargaining by adopting a novel computational approach. First, the determinants of the emergence and persistence of exploitation and class are...

Persistent link: https://www.econbiz.de/10011106444

The Ideal Economy: A Prototype

Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2013

Standard economics starts with behavioral assumptions that are formally expressed as axioms. This approach met with little scientific success but still enjoys some popularity for lack of a convincing alternative. To replace the subjective formal foundations by objective structural axioms is the...

Persistent link: https://www.econbiz.de/10011107375