This elementary introduction was developed from lectures by the authors on business mathematics and the lecture "Analysis and Linear Algebra" for Bachelor's degree programmes. It is designed for courses in business administration and business informatics at universities, universities of applied...

The SEARCH (Search Envisioned As Relation and Class Hierarchizing) framework developed elsewhere (Kargupta, 1995; Kargupta and Goldberg, 1995) offered an alternate perspective toward blackbox optimization -- optimization in presence of little domain knowledge. The SEARCH framework investigates the...

Many contemporary publications on network traffic gravitate to ideas of self-similarity and long-range dependence. The corresponding elegant and parsimonious mathematical techniques proved to be efficient for the description of a wide class of aggregated processes. Sharing the enthusiasm about...

This article proposes an interest rate model ruled by mean reverting Lévy processes with a sub-exponential memory of their sample path. This feature is achieved by considering an Ornstein-Uhlenbeck process in which the exponential decaying kernel is replaced by a Mittag-Leffler function. Based...

Consider a central bank that can adjust the in ation rate by increasing and decreasing the level of the key interest rate. Each intervention gives rise to proportional costs, and the central bank faces also a running penalty, e.g., due to misaligned levels of in ation and interest rate. We model...