This study analyzes long-term relation between inflation and relative price variability in Turkey. Vector autoregressive moving average (VARMA) models are used as analyzing methodology. Data base taken into consideration in models are monthly wholesale price index and monthly commodity price...

Value-at-Risk (VaR) has become one of the standard measures for assessing risk not only in the financial industry but also for asset allocations of individual investors. The traditional mean-variance framework for portfolio selection should, however, be revised when the investor's concern is the...

This paper considers the hybrid flow shop scheduling problem. Most real world scheduling problems are NP-hard in nature. The main purpose of this paper is to present a new approach to the objective version of the well known hybrid flow shop problem. The processing of each job on each machine is...

Solving a multiple travelling salesperson (mTSP) is more difficult than solving a travelling salesperson. Although the TSP has received a great deal of attention, the research on the mTSP is limited. In the mTSP, the N cities must be partitioned into m tours, with each tour resulting in a TSP...

This study investigates the optimal model of Job Integration of Multi-agent in Multimodal Transportations with Time Windows (JIMMTTW). The model is formulated firstly using the graph structure. The problem is NP-Hard. An optimal strategy including two layers is proposed after analysing the...

The necessity of continuously improving managerial planning processes to support cost reduction ambitions is a constant topic in dynamic business environments. Against this background we explore the importance of collaboration in strategic planning processes. Starting from the relevant...

Given the rapid development of computer techniques and the growing demand from the customer side, system customisation is becoming a necessity for software development, and this area of specialisation is attracting increasing attention from scholars. The innovative functions or applications...

While Robert and Rousseau (2010) addressed the foundational aspects of Bayesian analysis, the current chapter details its practical aspects through a review of the computational methods available for approximating Bayesian procedures. Recent innovations like Monte Carlo Markov chain, sequential...