Purpose – The paper seeks to explain volatility and risk (VaR) modelling using data from international financial markets, and particularly to evaluate the performance of minimum capital risk requirements (MCRR) estimates in an out-of-sample period using the bootstrapping approach....

Purpose – The paper seeks to develop a business model that shows the impact of operational knowledge assets on intellectual capital (IC) components and business performance and use the model to show how knowledge assets can be prioritized in driving resource allocation decisions....

Purpose – The effect of corporate governance on firm performance has long been of great interest to financiers, economists, behavioural scientists, legal practitioners and business operators. Yet there is no consensus over what constitutes an effective corporate governance mechanism that...

Purpose – The purpose of this paper is to propose a model that captures the fuzzy events is proposed to find the optimal periods of warranty policies. The model considers repair and replacement actions in the warranty period. Design/methodology/approach – The study transforms the reliability...

Purpose – Condition‐based maintenance (CBM) has increasingly drawn attention in industry because of its many benefits. The CBM problem is a kind of state‐dependent scheduling problem, and is very hard to solve within the conventional Markov decision process framework. The purpose of this...

Purpose – The goal of this paper is to use three condensed case studies to present an analytical ROI framework that helps marketers make sense of complex and seemingly chaotic marketing investment patterns and allows them to quickly reach conclusions about future marketing commitments....

Purpose – The paper seeks to develop an analytical theory of project investment. Design/methodology/approach – The authors derive a partial differential equation that the variable cost of a project should satisfy, determine a proper initial condition through a thought experiment, and solve...

Purpose – This paper aims to improve understanding of the effects of price endings on consumers' choice behavior. The research study described here was driven by three central questions. First, do consumers process a price holistically or process each digit as a stimulus? Second, do consumers...

Purpose – The purpose of this article is to examine the existence of underwriting cycles in property‐liability insurance for Switzerland, the USA, Japan, and West Germany over a period of 40 years (1957‐1997), i.e. it looks at the question of whether the unit price of insurance coverage...