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In this paper we develop on a geometric model of social choice among bundles of interdependent elements (objects). Social choice can be seen as a process of search for optima in a complex multi-dimensional space and objects determine a decomposition of such a space into subspaces. We present a...
Persistent link: https://www.econbiz.de/10010328500
disruption for two retailers occurs with different probability. We analyze the effect of occurrence probability of demand … supply chain are decreasing with the occurrence probability of demand disruption. Originality/value: It is helpful for supply …
Persistent link: https://www.econbiz.de/10011939023
Summary Though there is a huge variety of different Tchebycheff-type inequalities in the literature a systematised structuring is missing. The few existing surveys remain rather enumerative. Therefore in this paper a structuring of Tchebycheff-type inequalities is suggested which is based on...
Persistent link: https://www.econbiz.de/10014608708
A procedure is proposed for examining different aspects of performance for judgemental directional probability … the existing accuracy measures, enabling detailed comparisons of probability forecasts with ex-post empirical … directional probability exchange rate forecasts for the US Dollar/Swiss Franc from 23/7/96 to 7/12/99 and the findings are …
Persistent link: https://www.econbiz.de/10009435350
models over three time horizons on a task involving probabilistic forecasts of exchange rate movements. Probability …
Persistent link: https://www.econbiz.de/10009435351
then uses an event tree to develop a set of compromise paths. Probability models are developed for each of the compromise … paths that user parameters based on expert judgment or historical data on security violations. The resulting probability …. Application of the methodology is demonstrated using a national security example. A set of compromise paths and probability models …
Persistent link: https://www.econbiz.de/10009435395
Environmental radiological assessments rely heavily on the use of mathematical models. The predictions of these models are inherently uncertain because these models are inexact representations of real systems. The major sources of this uncertainty are related to biases in model formulation and...
Persistent link: https://www.econbiz.de/10009435418
A previous report explored and discussed statistical methods and procedures that may be applied to validate the survivability of a complex system of systems that cannot be tested as an entity. It described a methodology where Monte Carlo simulation was used to develop the system survivability...
Persistent link: https://www.econbiz.de/10009435451
The increasing use of results from probabilistic risk assessments in the decision-making process makes it ever more important to eliminate simplifications in probabilistic models that might lead to conservative results. One area in which conservative simplifications are often made is modeling...
Persistent link: https://www.econbiz.de/10009435480
This document, written for the US Department of Energy, discusses current information and the need for future research on estimating the impacts on wages and property values that could result from people's perceptions of the risks associated with noxious facilities. Psychometric studies indicate...
Persistent link: https://www.econbiz.de/10009435650