Time-consistency is a key feature of many important policy problems, such as those relating to optimal fiscal policy and optimal monetary policy. It is also important for private-sector decision-making through mechanisms such as quasi-hyperbolic discounting. These problems are generally solved...

The productivity of the world's natural resources is critically dependent on a variety of highly uncertain factors, which obscure individual investors and governments that seek to make long-term, sometimes irreversible investments in their exploration and utilization. These dynamic...

We develop approximate estimation methods for exponential random graph models (ERGMs), whose likelihood is proportional to an intractable normalizing constant. The usual approach approximates this constant with Monte Carlo simulations, however convergence may be exponentially slow. We propose a...

Over the most recent couple of years, the Internet of Things and other empowering innovations have been logically utilized for digitizing the vegetable supply chain (VSC). Background: The unpredictable examples and complexity inserted in enormous data dimensions present a test for an orderly...

A principal distinction of neural network based methods of approximation from conventional methods is a hidden inside algorithmic function, which is defined by the neural network topology and is enough sophisticated to make appropriate fitting process. There is a new construction named...

We present an accurate and easy-to-compute approximation of the transition probabilities and the associated Arrow-Debreu (AD) prices for the Inhomogeneous Geometric Brownian Motion (IGBM) model for interest rates, default intensities or volatilities. Through this procedure, dubbed exponent...

Chapter 1. Retailer’s Optimal Ordering Policy under Supplier Credits when Demand is Fuzzy and Cloud Fuzzy -- Chapter 2. An Application of PSO to Study joint policies of an Inventory Model with Demand Sensitive to Trade credit and Selling price while Deterioration of item being controlled using...