: Plain or crude Monte Carlo simulation (CMC) is commonly applied for estimating multiperiod tail risk measures such as value-at-risk (VaR) and expected shortfall (ES). After fitting a volatility model to the past history of returns and estimating the conditional distribution of innovations, one...

We consider a two-stage service policy for a Poisson arrival queueing system. The idle server starts to work with ordinary service rate when a customer arrives. If the number of customers in the system reaches N, the service rate gets faster and continues until the system becomes empty....

We consider a two-stage service policy for a Poisson arrival queueing system. The idle server starts to work with ordinary service rate when a customer arrives. If the number of customers in the system reaches N, the service rate gets faster and continues until the system becomes empty....

We consider a G / M / 1 queue with two-stage service policy. The server starts to serve with rate of μ 1 customers per unit time until the number of customers in the system reaches λ. At this moment, the service rate is changed to that of μ 2 customers per unit time and this rate continues...

We propose a growing network model of the distribution of wealth in a society with local redistribution. Individuals, represented by nodes in the model, provide goods and services to one of their neighbors and they simultaneously produce wealth using goods and services received from their...

We consider a G / M / 1 queue with two-stage service policy. The server starts to serve with rate of μ<Subscript>1</Subscript> customers per unit time until the number of customers in the system reaches λ. At this moment, the service rate is changed to that of μ<Subscript>2</Subscript> customers per unit time and this rate continues...</subscript></subscript>