Purpose – The selection of the optimal process target for a manufacturing process is critically important as it directly affects the defect rate, rejection and rework costs, and the loss to customers. A recent review of process target literature suggests that future work should incorporate...

Time-changed Brownian motions are extensively applied as mathematical models for asset returns in Finance. Time change is interpreted as a switch from calendar time to trade-related business time. Time-changed Brownian motions can be generated by infinitely divisible normal mixtures. The...

This paper presents an approach for simultaneously estimating farmers' decisions to accept incentive payments in return for adopting a bundle of environmentally benign management practices. Using the results of a multinomial probit analysis of surveys of over 1,000 farmers facing ten adoption...