Tax microsimulation models are based on large-scale cross-sectional survey data. Each individual or household has a sample weight provided by the statistical agency responsible for collecting the data. The typical starting point is to use weights that are inversely related to the probability of...

Recent studies have examined tax policy issues using labour supply models characterised by a discretised budget set. Microsimulation modelling using a discrete hours approach is probabilistic. This makes analysis of the distribution of income difficult as even for a small sample with a modest...

In today’s fast-paced market, companies are challenged to meet increasing customer demands and shorter product life cycles. To successfully respond to these demands, companies must produce a wide variety of different products. This requires the determination of necessary processes and...