The use of non-iterative shortest route algorithm for finding shortest route between points in a network is illustrated. The non-iterative approach can be applied to various network problems that can be solved using shortest route algorithm and provides a solution with much less effort. The...

Financial market data are abundant with outliers, and the search for an appropriate extreme value theory (EVT) approach to apply is an endless debate in the statistics of extremes research. This paper uses EVT methods to model the five-year daily all-share total return index (ALSTRI) and the...