This paper provides a derivation, justification, and application of a generalised return on investment (ROI) objective function of a design-and-manufacturing or 'high-tech' industrial firm. Based on analysis originally presented in Steele (1995), it offers a more expansive literature review and...

This paper solves the search for interior solutions to optimization problems using stochastic variables. This is done by way of some new properties of distribution functions with increasing failure rates as characterized in Barlow and Proschan (1965). Building upon Lariviere (2006), we show that...

This paper develops a contest model of a professional sports league in which clubs maximize a weighted sum of profits and wins (utility maximization). The model analyzes how more win-orientated behavior of certain clubs affects talent investments, competitive balance and club profits. Moreover,...

The selection of optimal portfolios is the central problem of financial investment decisions. Mathematically speaking, portfolio selection refers to the formulation of an objective function that determines the weights of the portfolio invested in each asset as to maximize return and minimize...

In complex networks such as computer and information networks, social networks or biological networks a community structure is a common and important property. Community detection in complex networks has attracted a lot of attention in recent years. Community detection is the problem of finding...

<Para ID="Par1">Urban drainage model is an important computer-aided tool in stormwater management and drainage planning and designing. A popular urban drainage hydraulic model, stormwater management model (SWMM), was applied in a pump lifting combined sewer system for a high-intensity urban catchment located in...</para>

: The concept of rethinking, reorganizing or reengineering dysfunctional business processes has been approached from many aspects both by professionals and academic researchers. However, service processes do not get as much attention as their importance would deserve. One reason can be the usage...

This article analyses dealer satisfaction data in the agricultural technology market in Germany. The dealers could rate their suppliers in the ?overall satisfaction? and in 38 questions which can be summarized in 8 dimensions. An ordinal regression model which is also known as the proportional...

The aim of this paper is to propose a methodology to estimate loss given default (LGD) and apply it to a set of micro-data of loans to SME and corporations of an anonymous commercial bank from Central Europe. LGD estimates are important inputs in the pricing of credit risk and the measurement of...

According to the Reserve Bank of Australia (2006) the increased supply of Commercial Mortgage-Backed Securities (CMBS), with a range of subordination, has broadened the investor base in real estate debt markets and reduced the commercial property sector’s dependence on bank financing The CMBS...