This paper develops a stable common currency for mid-sized open monetary economies with incomplete markets in general and the Mercosur countries in particular. The proposed currency is constructed as a derivative of a dynamic portfolio of securities that proxies the nominal exchange risk factors...

The problem of deriving weights from pairwise comparison matrices has been treated extensively in the literature. Most of the results are devoted to the case when the matrix under consideration is reciprocally symmetric (i.e., the i, j-th element of the matrix is reciprocal to its j, i-th...

A method of alternatives’ probabilities estimation under deficiency of numeric information (obtained from different sources) is proposed. The method is based on the well known Bayesian model of uncertainty randomization. Additional non-numeric, non-exact, and non-complete information about the...

The paper starts with the task of assessing different qualities (security, efficiency, matching ecological standards, etc.) of the complex units operating in electricity sector (power plants, current generators, electricity transmission lines, generating companies, etc.). Then the task...

The paper demonstrates how the Randomized Aggregated Indices Method (RAIM) can be applied for the purpose of quality measurement (safety, efficiency, effectiveness, etc.) in case of the complex units in electricity sector. Particularly, RAIM is used for efficiency assessment of activities...

The paper deals with approaches utilized for adjustment of well known Method of Aggregate Indices (MAI) to uncertainty conditions. The necessity for such adjustments occurs because of the shortage of numeric information. It appears at any stage of estimation of the aggregate quality index for...