We consider the problem of efficient estimation of tail probabilities of sums of correlated lognormals via simulation. This problem is motivated by the tail analysis of portfolios of assets driven by correlated Black-Scholes models. We propose two estimators that can be rigorously shown to be...

В статье предложен методологический подход к оценке уровня жизни населения в регионах Украины, который построен на расчете показателя уровня жизни населения,...

Based on correct understanding of the connotation and essence of agricultural modernization, according to the data in 2008 China Statistical Yearbook and the relevant literatures about eastern China, a total of 12 indices are selected to construct the evaluation index system of agricultural...

We investigate a single-leg airline revenue management problem where an airline has limited demand information and uncensored no-show information. To use such hybrid information for simultaneous overbooking and booking control decisions, we combine expected overbooking cost with revenue. Then we...

This article presents a tactical supply chain planning model that can be used to investigate tradeoffs between cost and environmental degradation including carbon emissions, energy consumption and waste generation. The proposed model also incorporates other aspects of real world supply chains...