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Pre-election polls can suffer from survey effects. For instance, individuals taking part in the poll may become more aware of the upcoming election so that they become more inclined to vote. Such effects cause biases in forecasted outcomes of elections. We propose a simple methodology that takes...
Persistent link: https://www.econbiz.de/10004972201
When tracks are out of service for maintenance during a certain period, trains cannot be operated on those tracks. This leads to a modified timetable, and results in infeasible rolling stock and crew schedules. Therefore, these schedules need to be repaired. The topic of this paper is the...
Persistent link: https://www.econbiz.de/10004972202
This short note presents the R package AdMit which provides flexible functions to approximate a certain target distribution and it provides an efficient sample of random draws from it, given only a kernel of the target density function. The estimation procedure is fully automatic and thus avoids...
Persistent link: https://www.econbiz.de/10004972203
We discuss computational aspects of likelihood-based specification, estimation,inference, and forecasting of possibly nonstationary series with long memory. We use the \ARFIMA$(p,d,q)$ model with deterministic regressors and we compare sampling characteristics of approximate and exact...
Persistent link: https://www.econbiz.de/10004972204
With the advent of advanced data collection techniques, there is an increased interest in using econometric models to support decisions in marketing. Due to the sometimes specific nature of variables in marketing, the discipline uses econometric models that are rarely, if ever, used elsewhere....
Persistent link: https://www.econbiz.de/10004972205
Due to the shipping industry’s international legal framework and the existence of loopholes in the system, an estimated 5-10 percent of substandard ships exist which are more likely to have incidents with high economic cost. This article uses ship life cycles to provide insight into the...
Persistent link: https://www.econbiz.de/10004972206
More and more supply chains emerge that include a return flow of materials. Many original equipment manufacturers are nowadays engaged in the remanufacturing business. In many process industries, production defectives and by-products are reworked. These closed-loop supply chains deserve special...
Persistent link: https://www.econbiz.de/10004972207
Price promotions induce consumers to purchase higher-than-usual quantities, resulting in higher stocks that lead to increased consumption. We show for a stylized model with a single shop and a single loyal customer that because of this stockpiling effect, promotions can be profitable even if...
Persistent link: https://www.econbiz.de/10004972208
Demand for spare parts can sometimes be classified into critical and non-critical demand, depending on the criticality of the equipment in which it is installed. To effectively handle this situation in spare parts inventory control, we propose a stocking policy where some of the stock is...
Persistent link: https://www.econbiz.de/10004972209
Master surgical scheduling can improve manageability and efficiency of operating room departments. This approach cyclically executes a master surgical schedule of surgery types. These surgery types need to be constructed with low variability to be efficient. Each surgery type is scheduled based...
Persistent link: https://www.econbiz.de/10004972210