Bøger i Lecture Notes in Economics and Mathematical Systems serien

This volume contains the proceedings of an international conference during which economists discussed the means of developing a new mathematical approach to the modelling of economic processes. The contributors focused on the application of analytical methods commonly known as chaotic dynamics.

Examining the problems of project scheduling under resource constraints, this study presents solution procedures for a broad class of performance measures and objectives. An algorithm for the generation of problem instances is described.

If the width of the next type of sheets is greater than the width of the preceding type, then the roll needs a setup: during the rolling process the edges of a sheet cause grooves on the rolls' surface, thus, the surface must be polished if a greater width is run next.

This volume deals with nonlinear dynamic modelling in the social sciences. In addition to theoretical and methodological contributions, some papers offer insights for the understanding of non-equilibrium dynamics underlying managerial and technological innovation problems.

Optimization problems arising in practice usually contain several random parameters. The original problem with random parameters must be replaced by an appropriate deterministic substitute problem, and efficient numerical solution or approximation techniques have to be developed for those problems.

While this approach can be ap plied in temporary monetary equilibrium models, it proves inadequate for formulating price adjustment in a dynamic disequilibrium model, where it has to be replaced by the concept of subjective demand.

The book covers the main problems of distribution logistics: network design and location problems, tactical and operational planning of transport, internal logistics, and inventory management. The book contains a rigorous methodological approach with an emphasis on practical problems.

This text provides an analysis of scheduling problems that arise in a flexible manufacturing environment with scarce resource supply. As a basic and common technique for solving these problems constraint propagation is applied in various solution methods.

I first came across the issue of derivatives documentation when writing my diploma thesis on measuring the credit risk ofOTC derivatives while I was an economics student at the University of Bonn.

Contents 1 Introduction 1 7 2 Efficient Stock Markets Equilibrium Models of Asset Pricing 8 2. 2 Lucas' Consumption Based Asset Pricing Model 9 2. 2 Econometric Tests of the Efficient Market Hypothesis 13 2. 2 Volatility Tests Time-Varying Expected Returns 25 2. 2 The No-Trad Result of the BEO Model 34 A Model with Nontradable Asset 37 3.

Explains the coherence of SCM and company value, comprehended as value-based SCM, are well accepted in scientific research, but quantitative approaches to value-based SCM are found rather seldom. This book contributes to this research gap by proposing quantitative models that allow for assessing influences of SCM on the value of a firm.

The authors draw from the theory of cointegration in order to test the monetary model of exchange rate determination. They focus on the issue of optimal prediction in partially non-stationary multivariate time series models. In particular, they carry out an exchange rate prediction exercise.

This book deals with the performance analysis of closed queueing networks with general processing times and finite buffer spaces. One is an approximate decomposition approach, while the second is the first exact approach for finite-capacity networks with general processing times.

This study has grown out of a part of the author's thesis "Some Simple and Bulk Queueing Systems: A Study of Their Transient Behavior" submitted to the University of Western Australia (1964) and a course on Queueing Theory given to graduate students in the Operations Research Group of Case Institute of Technology, Cleveland, Ohio.

The lectures, as presented in this book, attempt to give an exposition of the lovical foundation and basic principles, and to provide at the same time a basis for further study in more specific areas of this expan1in~ theory, such as coding, detection, pattern recognition, and filtering.

These essays in honor of Professor Gerhard Tintner are substantive contributions to three areas of econometrics, (1) economic models and applications,. " Professor Tintner's career to date has spanned the organizational life of the Econometric Society and his contributions have been nearly coextensive with its scope.

Advances in computer technology have pointed out the next important area of computer applications: solution of non-numerical problems.

These notes are based on the material presented in a series of lec tures in the IBM Systems Research Institute (ESRI) in Geneva durJng 1967-1969 to systems engineers working in the design and programming of computer systems for control and monitoring of i~nustrial proc esses.

In these lecture notes which grew out of my lectures at the Honours classes of Honash University, I have attempted to develop queueing and storage problems from a unified viewpoint. concept of cybernetic systems in Chapter 3, optimality problems in Chapter 4 and some problems in Chapter 2, etc.

dynamic programming under risk, dynamic programming under uncertainty, Markovian models, stationary models, and models with finite horizon from a unified point of view.