This paper documents an investigation into the use of portfolio selection methods to construct a hedge fund with a currency overlay. The fund, which is based on number of international stock and bond market indices and is constructed from the perspective of a Sterling investor, allows the...

The present paper studies the impact of information sharing and contractual instruments on a shipper and her transport suppliers through a monte carlo simulation. After reviewing the literature, we propose a model to measure the benefits in terms of expected transport cost and variance of this...

The normal density is unimodal in a strong sense as are the densities of mixtures of normals whose means are not too far apart. Consequently, by a standard result in reliability, these mixture densities have an increasing failure rate. This paper investigates how the modality of mixtures of...