The paper discusses a simple looking but highly nonlinear regime-switching, self-excited threshold model for hourly electricity prices in continuous and discrete time. The regime structure of the model is linked to organizational features of the market. In continuous time, the model can include...

The purpose of this article is to identify the factors influencing the probability of winning in public procurement procedures and to assess the strength of their impact from the perspective of both: the bidder and procurer. The research was conducted with the use of series of quantitative...

The main goal of this paper is presentation a modern axiomatic approach to financial arithmetic. At the first, the axiomatic financial arithmetic theory was proposed by Peccati who has introduced the axiomatic definition of the future value. This theory has been extensively developed in past...

This article is dedicated to constructing a method for the probabilistic analysis of the functioning a certain production-supply system. We continue the research started in the article [8], where, among other things, we derived a set of partial differential equations satisfied by the joint...

When dealing with multi-criteria decision making problem the concept of Pareto -optimality and Pareto-dominance could be inefficient (the lack of unique solution), especially with many number of criteria. Our paper faces the fuzzy multi-criteria decision making problem based on Zadeh’s...

The reality of modern times places increasing emphasis on the use of research results. This paper presents programs which implement the tools for interactive methods of decision support under risk, proposed by M. Nowak, as a complementary way to disseminate research results. It also presents a...

This article presents a review of results of the author (Klukowski 2011a) in the area of estimation of the relations of: equivalence, tolerance and preference within a finite set, on the basis of multiple, independent (in a stochastic way) pairwise comparisons with random errors, in binary and...

In this paper a basic resource allocation problem with uncertain costs is discussed. The problem consists in choosing exactly p items out of n available to minimize the total cost. The uncertain item costs are specified as a discrete scenario set and the minmax criterion is used to choose a...

The paper discusses a simple looking but highly nonlinear regime-switching, self-excited threshold model for hourly electricity prices in continuous and discrete time. The regime structure of the model is linked to organizational features of the market. In continuous time, the model can include...

There are commonly accepted and objective decision rules, which are consistent with rationality, for example the stochastic dominance rules. But, as can be seen in many research studies in behavioural economics, decision makers do not always act rationally. Relatively new tools which model real...