Search Results - subject:"Monte Carlo simulation."

Barkema, G. T.; Newman, M. E. J. - Santa Fe Institute - 1997

We propose a number of Monte Carlo algorithms for the simulation of ice models and compare their efficiency. One of them, a cluster algorithm for the equivalent three color model, appears to have a dynamic exponent close to zero, making it particularly useful for simulations of critical ice...

Persistent link: https://www.econbiz.de/10005790689

The Behaviour of Real Exchange Rates During the Post-Bretton Woods Period

Sarno, Lucio; Taylor, Mark P - C.E.P.R. Discussion Papers - 1997

Tests for long-run purchasing power parity (PPP) may lack power with sample periods corresponding to the span of the recent float, leading researchers to use more powerful multivariate unit root tests. We point out a potential problem with such tests: joint non-stationarity of real exchange...

Persistent link: https://www.econbiz.de/10005791733

Distributions and correlations in Monte Carlo simulation

Wall, David - In: Construction Management and Economics 15 (1997) 3, pp. 241-258

The use of Monte Carlo simulation in construction cost analysis is of interest to construction professionals as part of … the risk analysis of construction projects. In recent high profile publications the presentation of Monte Carlo simulation … runs of the cost model including and excluding correlations show that correlations must be included in Monte Carlo …

Persistent link: https://www.econbiz.de/10005269164

Gaining sustainable competitive advantage through strategic pricing: selecting a perceived value price

Thompson, Kenneth N.; Coe, Barbara J. - In: Pricing Strategy and Practice 5 (1997) 2, pp. 70-79

Sustainable competitive advantage is recognized as a critical factor for survival in the turbulent environments of the 1990s. The limited use of pricing as a strategic tool to gain and hold competitive advantage has created an opportunity for companies willing to redesign their competitive...

Persistent link: https://www.econbiz.de/10014985404