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The Brownian Motion : A Rigorous but Gentle Introduction for Economists
Löffler, Andreas; Kruschwitz, Lutz - 2019 - 1st ed. 2019
This open access textbook is the first to provide Business and Economics Ph.D. students with a precise and intuitive introduction to the formal backgrounds of modern financial theory. It explains Brownian motion, random processes, measures, and Lebesgue integrals intuitively, but without...
Persistent link: https://www.econbiz.de/10012398673
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The shape of luck and competition in winner-take-all tournaments
Ryvkin, Dmitry; Drugov, Mikhail - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 4, pp. 1587-1626
In winner-take-all tournaments, agents' performance is determined jointly by effort and luck, and the top performer is rewarded. We study the impact of the ''shape of luck'' -- the details of the distribution of performance shocks -- on incentives in such settings. We are concerned with the...
Persistent link: https://www.econbiz.de/10012415494
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Maintenance and production scheduling on a single machine with stochastic failures
Hoyningen-Huene, Wiebke von; Kiesmüller, Gudrun - 2015
, preventive maintenance should be planned as well. If a failure cannot be averted, a corrective maintenance activity is performed …. Both maintenance activities are assumed to restore the machine to become `as good as new'. Furthermore it is assumed that … jobs, interrupted by a machine failure, have to get restarted after the corrective maintenance is finished (non …
Persistent link: https://www.econbiz.de/10010471737
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Evaluation of the expected makespan of a set of non-resumable jobs on parallel machines with stochastic failures
Hoyningen-Huene, Wiebke von; Kiesmüller, Gudrun - In: European journal of operational research : EJOR 240 (2015) 2, pp. 439-446
Persistent link: https://www.econbiz.de/10010486228
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Heuristics for an integrated maintenance and production scheduling problem on parallel machines with stochastic failures and non-resumable jobs
Hoyningen-Huene, Wiebke von - 2015
Maintenance activities can have a large impact on the performance of a production process and promised delivery dates …. Therefore, maintenance and production planning should be handled as an integrated problem. In this paper, the problem of … maintenance activities are planned beforehand. If a failure cannot be averted, a corrective maintenance has to be performed …
Persistent link: https://www.econbiz.de/10011305782
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Degradation-based maintenance decision using stochastic filtering for systems under imperfect maintenance
Zhang, Mimi; Gaudoin, Olivier; Xie, Min - In: European journal of operational research : EJOR 245 (2015) 2, pp. 531-541
Persistent link: https://www.econbiz.de/10011308973
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Bivariate preventive maintenance of systems with lifetimes dependent on a random shock process
Cha, Ji Hwan; Finkelstein, Maxim; Levitin, Gregory - In: European journal of operational research : EJOR 266 (2018) 1, pp. 122-134
Persistent link: https://www.econbiz.de/10011811616
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A multi-item approach to repairable stocking and expediting in a fluctuating demand environment
Arts, Joachim - In: European journal of operational research : EJOR 256 (2017) 1, pp. 102-115
Persistent link: https://www.econbiz.de/10011611180
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A dynamic auto-adaptive predictive maintenance policy for degradation with unknown parameters
Mosayebi Omshi, E.; Grall, Antoine; Shemehsavar, S. - In: European journal of operational research : EJOR 282 (2020) 1, pp. 81-92
Persistent link: https://www.econbiz.de/10012157582
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Delay-time modelling of a critical system subject to random inspections
Scarf, P. A.; Cavalcante, C. A. V.; Lopes, R. S. - In: European journal of operational research : EJOR 278 (2019) 3, pp. 772-782
Persistent link: https://www.econbiz.de/10012102486