Purpose – The purpose of this paper is to compare various linear opinion pooling models for aggregating probability judgments and to determine whether Cooke's performance weighting model can sift out better calibrated experts and produce better aggregated distribution....

Purpose – Urban networks are usually divided into several open or closed sub‐networks. Signal coordination has been recognized as one of the most efficient methods of controlling sub‐networks that have independently optimized timing plans. However, coordinating adjacent intersections in a...

Purpose – The purpose of this paper is to investigate the explanatory power of two value‐based performance measurement models, Economic Value Added (EVA ® ) and shareholder value added (SVA), compared with three traditional accounting performance measures: earnings per share (EPS), return...

Purpose – The purpose of this paper is to further understanding of how new information impacts the market value of financial assets. Design/methodology/approach – The paper uses a Bayesian approach to asset valuation, whereby investors use signals conveyed by new information to update their...

Purpose – The purpose of this study is to investigate explanations for the behaviour of the size premium using measures of large and small stock holdings of mutual funds. Design/methodology/approach – Returns‐based style analysis is used to measure asset class exposure by regressing equity...

Purpose – The purpose of this paper is to present an arbitrarily accurate approximation for the value of European options written on a Black‐Scholes stock paying a discrete dividend. Design/methodology/approach – The proposed method is a computational method for the analytical solution of...

Purpose – The purpose of this paper is to illustrate the use of a multi‐factor competitive real option model. Design/methodology/approach – The model is described, context of Google‐Yahoo! is developed, market share and other parameter values are estimated, sensitivities and alternative...