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problem). We setup a dynamic simulation model in which rational CEOs maximize the total value of their bonus compensation over …
Persistent link: https://www.econbiz.de/10015368728
A Bayesian approach to demand forecasting to optimize spare parts inventory that requires periodic replenishment is examined relative to a non-Bayesian approach when the demand rate is unknown. That is, optimal inventory levels are decided using these two approaches at consecutive time...
Persistent link: https://www.econbiz.de/10015369052
suggest that economic truth has been devoured in an accounting simulation. The accounting model no longer reflects any …
Persistent link: https://www.econbiz.de/10015369155
This chapter outlines a method for developing simulation code from case-based data using narrative sequence analysis … describe the research problem and translate this mechanism into simulation code. An illustrative example of the process used … first in pseudo-code and then in simulation code. This chapter demonstrates the coding process using Netlogo code. Narrative …
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We show how to quickly estimate spatial probit models for large data sets using maximum likelihood. Like Beron and Vijverberg (2004), we use the GHK (Geweke-Hajivassiliou-Keane) algorithm to perform maximum simulated likelihood estimation. However, using the GHK for large sample sizes has been...
Persistent link: https://www.econbiz.de/10015365793
level of resources, the facility is not capable of meeting existing service level goal. A simulation was developed to … results of the simulation, recommendations to the facility for alternative ways to schedule and allocate its resources in …
Persistent link: https://www.econbiz.de/10015370873