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This paper introduces a simulation algorithm for evaluating the log-likelihood function of a large supermodular binary … algorithm which allows for accurate likelihood simulation with modest numbers of simulation draws …
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This paper examines the behaviour of two firms competing in a duopoly, where firms can influence demand through use of advertising. The paper simulates the strategic interaction of the two firms based on a game-theoretic Cournot analytical model. The evolution over time of the Nash equilibrium...
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. A simulation model tests the proposed method compared to a benchmark where each machine works with fixed power. The … simulation results show how the model can improve the performance of the manufacturing system in several conditions tested. In …
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The electricity grid includes multiple network areas managed by different operators, with transmission system operators (TSOs) handling high-voltage areas and distribution system operators managing midto low-voltage areas. These areas are interconnected and synchronized, creating classical...
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