This paper undertakes a Bayesian analysis of optimal monetary policy for the U.K. We estimate a suite of monetary-policy models that include both forward- and backward-looking representations as well as large- and small-scale models. We find an optimal simple Taylor-type rule that accounts for...

Purpose – The purpose of this paper is to provide the maintenance personnel with a methodology for modeling and estimating the reliability of critical machine systems using the historical data of their inter‐failure times. Design/methodology/approach – The failure patterns of five...

Purpose – Burr distribution has been proved to be a useful failure model. It can assume different shapes which allow it to be a good fit for various lifetimes data. Hybrid censoring is an important way of generating lifetimes data. The purpose of this paper is to estimate an unknown parameter...

This study investigated some of the early non-technical components of the software development process from the perspective of project success. The causal relationships among these components, as well as their relationship to software practitionersâ overall perception of project success, were...

Purpose – Practice demonstrates and research validates that entrepreneurship is moving from the individual to the organization and from the private sector to the social and not‐for‐profit sectors. The present study endeavors to complement the emerging public entrepreneurship literature by...

Purpose – The purpose of this editorial is to explore the usefulness of distinguishing between “risk” and “Knightian uncertainty.” Design/methodology/approach – The paper presents a representative, insurance‐based model of Knightian uncertainty arising out of potential major...

Purpose – Customer value has recently become a primary focus among many strategy researchers and practitioners as an essential element of a firm's competitive strategy. Many firms are engaged in some form of customer value analysis (CVA), which involves a structural analysis of the antecedent...

Purpose – The purpose of this paper is to present an inductive methodology, which supports ranking of entities. Methodology is based on Bayesian latent variable measurement modeling and makes use of assessment across composite indicators to assess internal and external model validity...

Purpose – The purpose of this editorial is to explore the usefulness of distinguishing between “risk” and “Knightian uncertainty.” Design/methodology/approach – The paper presents a representative, insurance-based model of Knightian uncertainty arising out of potential major...