In this research, the concept of Duration with a new application in project management has been defined. The Duration of each project provides the project manager with a combined measure containing concepts of return, cost and time of the project. Further in this article, the changes in project...

We consider an approximate posterior approach to making joint probabilistic inference on the action and the associated risk in data mining. The posterior probability is based on a profile empirical likelihood, which imposes a moment restriction relating the action to the resulting risk, but does...

The recent troubles in the financial industry leads market participants to reconsider some strong pricing assumptions such as the completeness of the market (mathematically, there is not only one risk neutral probability, financially speaking all tradable asset can be replicated in different...