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Changes in GDP's measurement error volatility and response of the monetary policy rate: Two approaches

Parra-Polania, Julian A.; Vargas, Carmiña O. - In: ENSAYOS SOBRE POLÍTICA ECONÓMICA (2014)

Using a stylized model in which output is measured with error, we derive the optimal policy response to the demand shock signal and to changes in the measurement error volatility from two different perspectives: the minimization of the expected loss (from which we derive the ‘standard’...

Persistent link: https://www.econbiz.de/10011123060

An experimental analysis of the p-median problem under uncertainty: an evolutionary algorithm approach

López-Monzalvo, Francisco; Brizuela, Carlos A. - In: European Journal of Industrial Engineering 8 (2014) 4, pp. 554-578

uncertainty by means of scenarios and to optimise some robustness criteria such as the average and maximum regrets over these …

Persistent link: https://www.econbiz.de/10011130266

An Explicit Approach to Modeling Finite-Order Type Spaces and Applications

Qin, Cheng-Zhong; Yang, Chun-Lei - Department of Economics, University of California-Santa … - 2009

generalize Kajii and Morris's (1997) idea of equilibrium robustness to Bayesian games. We then establish the robustness of … Bayesian-Nash equilibria that generalizes the robustness results of Monderer and Samet (1989) for complete-information games …

Persistent link: https://www.econbiz.de/10011131654

Distributional dominance with dirty data

Cowell, Frank; Victoria-Feser, Maria-Pia - London School of Economics (LSE) - 2001

Distributional dominance criteria are commonly applied to draw welfare in- ferences about comparisons, but conclusions drawn from empirical imple- mentations of dominance criteria may be inßuenced by data contamination. We examine a non-parametric approach to reÞning Lorenz-type comparisons...

Persistent link: https://www.econbiz.de/10011071290

Measuring the performance of lot-sizing techniques in uncertain environments

Jonard, Nicolas; Jeunet, Jully - Université Paris-Dauphine (Paris IX) - 2000

the basis of two criteria. The first is the traditional cost-effectiveness criterion. The second, that we call robustness …, is designed to capture some of the characteristic features of decision-making in uncertain environments. Robustness is … robustness. The simulation results clearly show an inverse relationship between cost-effectiveness and instability. Therefore …

Persistent link: https://www.econbiz.de/10011072126

Incomplete market dynamics and cross-sectional distributions

Toda, Alexis Akira - In: Journal of Economic Theory 154 (2014) C, pp. 310-348

The size distributions of many economic variables seem to obey the double power law, that is, the power law holds in both the upper and the lower tails. I explain this emergence of the double power law—which has important economic, econometric, and social implications—using a tractable...

Persistent link: https://www.econbiz.de/10011076673

Response Surface Methodology

Kleijnen, Jack P.C. - Tilburg University, Center for Economic Research - 2014

Abstract: This chapter first summarizes Response Surface Methodology (RSM), which started with Box and Wilson’s article in 1951 on RSM for real, non-simulated systems. RSM is a stepwise heuristic that uses first-order polynomials to approximate the response surface locally. An estimated...

Persistent link: https://www.econbiz.de/10011092681

Validation of Simulation, With and Without Real Data

Kleijnen, Jack P.C. - Tilburg University, Center for Economic Research - 1998

This paper gives a survey on how to validate simulation models through the application of mathematical statistics. The type of statistical test actually applied, depends on the availability of data on the real system: (i) no data, (ii) only output data, and (iii) both input and output data. In...

Persistent link: https://www.econbiz.de/10011092713

A Novel Data-Driven Fast Capacity Estimation of Spent Electric Vehicle Lithium-ion Batteries

Zhang, Caiping; Jiang, Jiuchun; Zhang, Weige; Wang, Yukun; … - In: Energies 7 (2014) 12, pp. 8076-8094

established to investigate the relationship between the robustness coefficient and regression coefficient. It is revealed that … commonly used ANN capacity estimation algorithm is flawed in providing robustness of parameter measurement uncertainties; (3 … relationship between estimation accuracy and disturbance rejection. An optimal range of the threshold for robustness coefficient is …

Persistent link: https://www.econbiz.de/10011093803

Robust estimation of moment condition models with weakly dependent data

Evdokimov, Kirill; Kitamura, Yuichi; Otsu, Taisuke - Suntory and Toyota International Centres for Economics … - 2014

This paper considers robust estimation of moment condition models with time series data. Researchers frequently use moment condition models in dynamic econometric analysis. These models are particularly useful when one wishes to avoid fully parameterizing the dynamics in the data. It is...

Persistent link: https://www.econbiz.de/10011095219