In this paper, we develop a simple algorithm for obtaining the global solution to a small scale fixed-charge transportation problem (FCTP). The procedure itself is very quick. The proposed method solves FCTP by decomposing the problem into series of smaller sub-problems, which is novel and can...

The ‘backhaul problem’ is characterized by an imbalance in transport flows between locations. This problem is usually studied in a perfectly competitive framework, which essentially predicts that when the imbalance is sufficiently large, the freight price of transport from low demand regions...

Intermodal rail/road freight transport constitutes an alternative to long-haul road transport for the distribution of large volumes of goods. The paper introduces the intermodal transportation problem for the tactical planning of mode and service selection. In rail mode, shippers either book...

We consider the problem of allocating containers to ships in which the size of container is 1 or 2, and each ship has its own capacity and fixed departure time. The fixed departure times implies the completion times of containers belonging to the same ship are identical. As objectives, Lmax,...

Eritrea es un pequeño país del noreste de África, al que casi todos los rankings ubican entre los tres más pobres del mundo. Eritrea hace 30 años que no tiene un censo (Jerven, 2013). Eritrea es como un hipertenso severo que no puede medirse la presión, que no puede consultar a un médico....

The ability to accurately estimate the extent to which the failure of a bank disrupts the financial system is very valuable for regulators of the financial system. One important part of the financial system is the interbank payment system. This paper develops a robust measure, SinkRank, that...

We propose a simple and powerful method for determining the transition process in continuous-time DSGE models under Poisson uncertainty numerically. The idea is to transform the system of stochastic differential equations into a system of functional differential equations of the retarded type....

We propose a simple and powerful numerical algorithm to compute the transition process in continuous-time dynamic equilibrium models with rare events. In this paper we transform the dynamic system of stochastic differential equations into a system of functional differential equations of the...

In this paper we develop several regression algorithms for solving general stochastic optimal control problems via Monte Carlo. This type of algorithms is particularly useful for problems with a highdimensional state space and complex dependence structure of the underlying Markov process with...

This paper presents and exemplifies results developed for cointegration analysis with state space models by Bauer and Wagner in a series of papers. Unit root processes, cointegration and polynomial cointegration are defined. Based upon these definitions the major part of the paper discusses how...