A renewal process is defined to represent the present value of a stream of money payments occurring at random times.The objective is to partially close a gap in the state of knowledge regarding the properties (asymptotic behavior) of certain cashflow models, scheduling models, and inventory...

Information technologies supporting online dating create an enormous expansion of the population of potential partners. However, such a large population offers too much information, too many choices, too many potential (and potentially unsatisfying) partners. The importance of conducting a...

Initial Public Offerings are, by definition, not seasoned securities. They have not been subjected to valuation by the community of investors. It is often difficult or impossible to forecast their future cash flows because most do not have a long history of publicly disclosed financial...