This study presents optimization models for large vehicle routing problems using a spreadsheet solver and Python programming language with extended graphic card boosting computing power. Near optimality is feasible and attainable with spreadsheet tools and models for solving real-life problems....

In finance, implied volatility is an important indicator that reflects the market situation immediately. Many practitioners estimate volatility by using iteration methods, such as the Newton-Raphson (NR) method. However, if numerous implied volatilities must be computed frequently, the iteration...

In finance, implied volatility is an important indicator that reflects the market situation immediately. Many practitioners estimate volatility by using iteration methods, such as the Newton–Raphson (NR) method. However, if numerous implied volatilities must be computed frequently, the...

In this paper, we show how to estimate the parameters of stochastic volatility models using Bayesian estimation and Markov chain Monte Carlo (MCMC) simulations through the approximation of the a-posteriori distribution of parameters. Simulated independent draws are made possible by using...

Massively parallel desktop computing capabilities now well within the reach of individual academics modify the environment for posterior simulation in fundamental and potentially quite advantageous ways. But to fully exploit these benfits algorithms that conform to parallel computing...

Outlier detection is used in various applications like detection of fraud, network analysis, monitoring traffic over networks, manufacturing and environmental software. The data streams which are generated are continuous and changing over time. This is the reason why it becomes nearly difficult...