This paper extends traditional payment system simulation analysis to counterparty liquidity risk exposures. The used stress test scenario corresponds to the counterparty stress scenario applied in the BCBS standard "Monitoring tools for intraday liquidity management" (BIS, 2013). This stress...

A key problem of construction firms' management and economy is organization of effective participation in public tenders. The direct executor, who determines the price of the contract, may be interested in obtaining as many contracts as possible. It means that his strategic behavior in tender...

An agent is generally defined as an entity capable of perceiving its environment and accomplishing a particular action without explicit instruction. Blindly taking directives without thinking is typically not intelligent, so rather a software agent is deemed intelligent if it may be...

In diesem Beitrag stellen wir ein Konzept greifbarer, gegenständlicher Benutzungsschnittstellen vor. Es werdenÜbergänge zwischen dem Modellieren im Realen und dem Erstellen virtueller Modelle geschaffen. Synchronzum gegenständlichen Modell entsteht ein virtuelles Abbild, das für Simulation,...

The computational properties of an econometric method are fundamentaldeterminants of its importance and practical usefulness, in conjunction withthe method’s statistical properties. Computational methods in econometricsare advanced through successfully combining ideas and methods in...