Search Results - subject:"Simulation."

The Method of Simulated Scores for the Estimation of LDV Models

Hajivassiliou, V A; McFadden, DL - Suntory and Toyota International Centres for Economics … - 1997

The method of simulated scores (MSS) is presented for estimating limited dependent variables models (LDV) with flexible correlation structure in the unobservables. We propose simulators that are continuous in the unknown parameter vectors, and hence standard optimization methods can be used to...

Persistent link: https://www.econbiz.de/10005797510

Using Microsimulation Feedback for Trip Adaptation for Realistic Traffic in Dallas

Nagel, K.; Barrett, Christopher L. - Santa Fe Institute - 1997

This paper presents a day-to-day re-routing relaxation approach for traffic simulations. Starting from an initial planset for the routes, the route-based microsimulation is exxecuted. The result of the microsimulation is fed into a re-router, which re-routes a certain percentage of all trips....

Persistent link: https://www.econbiz.de/10005837688

Economic evaluation of materials planning systems for construction

Wong, Eric; Norman, George - In: Construction Management and Economics 15 (1997) 1, pp. 39-47

It has been noted that many problems exist among local construction contractors owing to inefficient materials management. Problems reported include delays in the supply of construction materials, and inappropriate scheduling of materials in construction projects. There is a need for an improved...

Persistent link: https://www.econbiz.de/10005445754

Interval estimation of the intraclass correlation coefficient based on Bartlett’s score procedure

Paul, S. - In: Statistical Methods and Applications 6 (1997) 3, pp. 257-272

Persistent link: https://www.econbiz.de/10008497285

A Toolkit for Optimizing Functions in Economics

Goffe, William L. - EconWPA - 1997

Optimization algorithms must be among the most common numerical methods used by economists. Yet, there is surprisingly little guidance on choosing the appropriate one. This problem is most notable with regard to conventional versus global optimizers. Typically, a global optimizer is used when a...

Persistent link: https://www.econbiz.de/10005134567

Some Practical Issues in Maximum Simulated Likelihood

Hajivassiliou, V A - Suntory and Toyota International Centres for Economics … - 1997

In this paper, I explore ways of recapturing the efficiency property for estimators that rely on simulation. In … in simulation estimation methods the employ this technique. This chapter also shows how to suitably introduce simulation … Ratio Tests) that are free of influential simulation noise. Finally, I explain how simulation-variance-reduction techniques …

Persistent link: https://www.econbiz.de/10005310357

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 … fit it is shown that lognormal distributions are superior to beta distributions in representing the data set. Simulation …

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

Skill in Games

Larkey, Patrick; Kadane, Joseph B.; Austin, Robert; … - In: Management Science 43 (1997) 5, pp. 596-609

against one another in simulation tournaments. …

Persistent link: https://www.econbiz.de/10009191505

Organizational Response: The Cost Performance Tradeoff

Lin, Zhiang; Carley, Kathleen M. - In: Management Science 43 (1997) 2, pp. 217-234

Organizations constantly face a dynamic environment where they must respond both quickly and accurately in order to survive. In this paper, we examine the issue: do organizations need to employ costly designs in order to exhibit high performance in a dynamic situation. In the context of a...

Persistent link: https://www.econbiz.de/10009197729