The portfolio approach of financing drug development has been proposed as a financial innovation to improve the risk/return tradeoff of investment in drug development projects through the use of diversification and securitization. By investing in a sizable and well-diversified portfolio of novel...

A fundamental problem faced by firms is that of product line design: given a set of candidate products that may be offered to a collection of customers, what subset of those products should be offered so as to maximize the profit that is realized when customers make purchases according to their...

We analyze the financial performance of a hypothetical portfolio of 120 mRNA vaccine candidates in the preclinical stage targeting 11 emerging infectious diseases. We calibrate the simulation parameters with input from domain experts in mRNA technology and an extensive literature review. We find...

Continuous-time stochastic processes have become central to many disciplines, yet the fact that they are approximations to physically realizable phenomena is often overlooked. We quantify one aspect of the approximation errors of continuous-time models by investigating the replication errors...

An inappropriate candidate shortlisted and a potential one missed simply means an inappropriate resume linked to the incorrect keyword. Document classification is being excessively researched upon these days, due to growing interest in text classification which has become a major contributor to...

The integration of GPT 3.5, an advanced language model, with Environmental, Social, and Governance (ESG) criteria has the potential to revolutionize the investment industry by providing accurate and relevant information to investors. This study explores GPT 3.5's capabilities in responding to...