Showing 171 - 180 of 710
This paper puts forward a data collection method to measure weekly consumer confidence at the individual level. The data thus obtained allow to statistically analyze the dynamic correlation of such a consumer confidence indicator and to draw inference on transition rates, which is not possible...
Persistent link: https://www.econbiz.de/10004972193
We analyze the classical inventory model with backordering, where the inventory position is controlled by an order level, order quantity policy. The cost for a backorder contains a fixed and a time-proportional component. Demand can be driven by any discrete process. Order lead times may be...
Persistent link: https://www.econbiz.de/10004972194
Based on simple time series plots and periodic sample autocorrelations, we document that monthly river flow data display long memory, in addition to pronounced seasonality. In fact, it appears that the long memory characteristics vary with the season. To describe these two properties jointly, we...
Persistent link: https://www.econbiz.de/10004972195
We visualize a a web server log by means of multidimensional scaling. To that end, a so-called dissimilarity metric is introduced in the sets of sessions and pages respectively. We interpret the resulting visualizations and find some interesting patterns.
Persistent link: https://www.econbiz.de/10004972196
Subjective probabilities play an important role in marketing research, for example where individuals rate the likelihood that they will purchase a new to develop product. The tau-equivalent model can describe the joint behaviour of multiple test items measuring the same subjective probability....
Persistent link: https://www.econbiz.de/10004972198
In this chapter we discuss a tactical optimisation problem that arises in a multistage distribution system where customer orders can be delivered from any stockpoint. A simple rule to allocate orders to locations is a break quantity rule, which routes large orders to higher-stage stockpoints and...
Persistent link: https://www.econbiz.de/10004972199
Whenever demand for a single item can be categorized into classes of different priority, an inventory rationing policy should be considered. In this paper we analyse a continuous review (s,Q) model with lost sales and two demand classes. A so-called critical level policy is applied to ration the...
Persistent link: https://www.econbiz.de/10004972200
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