The Maximally Diverse Grouping Problem is one of the well-known combinatorial optimization problems with applications in the assignment of students to groups or courses. Due to its NP-hardness several (meta)heuristic solution approaches have been presented in the literature. Most of them include...

We analyze the multivariate distribution of financial returns using time varying conditional vine copulas. We present the d-Stage Maximum Likelihood (dSML) estimator which is shown to be not only consistent and asymptotically normal, but also more computationally attractive than the standard ML...