Ongoing global changes bring fundamentally new scientific problems requiring new concepts and tools. A key issue concerns a vast variety of practically irreducible uncertainties, which challenge our traditional models and require new concepts and analytical tools. The uncertainty critically dominates, e.g., the climate change debates. In short, the dilemma is concerned with enormous costs vs. massive uncertainties of potential extreme impacts. Traditional scientific approaches usually rely on real observations and experiments. Yet no sufficient observations...
Ongoing global changes bring fundamentally new scientific problems requiring new concepts and tools. A key issue concerns a vast variety of pra...
Past cycles of sovereign lending and default in emerging markets suggest that debt crises will recur at some point. In addressing debt crises it has proven helpful to distinguish between situations of illiquidity and insolvency. Solutions range from a voluntary debt swap to a soft or hard restructuring. This book shows why investors should reckon with similar credit events in the future.
Insights gained from recent restructurings inspire the design of a valuation model for sovereign bonds. Using the distinction between hard and soft restructurings, the model draws parallels to the...
Past cycles of sovereign lending and default in emerging markets suggest that debt crises will recur at some point. In addressing debt crises it ha...
The joint work of Robin Pope, Johannes Leitner and Ulrike Leopold- Wildburger presented in this little book makes a strong point for a new approach to decision making under risk. It emphasizes aspects of risk preferences largely neglected in the theoretical and experimental lite- ture. Before the outcome of a risky decision is known a decision maker may feel worries or thrills about what will happen at the end. It is c- vincingly argued that the anticipation of such secondary satisfactions is, and should be, an important in?uence on the decision. The questi- naire data and the experiments...
The joint work of Robin Pope, Johannes Leitner and Ulrike Leopold- Wildburger presented in this little book makes a strong point for a new approach to...
Economic, marketing, and legislative considerations are increasingly leading companies to take back and recover their products after use. From a logistics perspective, these initiatives give rise to new goods flows from the user back to the producer. The management of these goods flows opposite to the traditional supply chain flows is addressed in the recently emerged field of Reverse Logistics. This monograph considers quantitative models that support decision making in Reverse Logistics. To this end, several recent case studies are reviewed. Moreover, first hand insight from a study on used...
Economic, marketing, and legislative considerations are increasingly leading companies to take back and recover their products after use. From a logis...
A famous saying (due toHerriot)definescultureas "what remainswhen everythingisforgotten ." One couldparaphrase thisdefinitionin statingthat generalizedconvexity iswhat remainswhen convexity has been dropped . Of course, oneexpectsthatsome convexityfeaturesremain.For functions, convexity ofepigraphs(what is above thegraph) is a simplebut strong assumption.It leads tobeautifulpropertiesand to a field initselfcalled convex analysis. In several models, convexity is not presentandintroducing genuine convexityassumptionswouldnotberealistic. A simple extensionof thenotionof convexity consists in...
A famous saying (due toHerriot)definescultureas "what remainswhen everythingisforgotten ." One couldparaphrase thisdefinitionin statingthat generalize...
This book is a revised version of my doctoral dissertation submitted to the University of St. Gallen in October 1999. I would like to thank Dr. oec. Marc Wildi whose careful reading of much of the text led to many improvements. All errors remain mine. Pfiiffikon SZ, Switzerland, March 2001 Pierre-Yves Moix Preface to the dissertation "Education is man's going forward from cocksure ignorance to thoughtful uncertainty" Don Clark's Scrapbook quoted in Wonnacott and Wonnacott (1990). After several years of banking practice, I decided to give up some of my certitudes and considered this thesis...
This book is a revised version of my doctoral dissertation submitted to the University of St. Gallen in October 1999. I would like to thank Dr. oec. M...
This book analyses situations in which individual agents, who might be different from each other, interact and produce behaviour on the aggregate level which does not correspond to that of the average actor. This leads to aggregate outcomes which would be impossible to explain in a more standard approach. Aggregation generates structure and, as a result, interaction and heterogeneity can be handled and we no longer have to rely on the over-simplified reduction of the behaviour of the economy to that of a "rational" individual.
This book analyses situations in which individual agents, who might be different from each other, interact and produce behaviour on the aggregate leve...
This proceedings volume consists of selected papers presented at the Eighth International Conference on Computer-Aided Scheduling 0/Public Transport (CASPT 2000), which was held at the conference center of the Konrad rd Adenauer-Foundation in Berlin, Germany, from June 2pt to 23, 2000. The CASPT 2000 is the continuation of aseries of international workshops and conferences presenting recent research and progress in computer-aided scheduling in public transport.Previous workshops and conferences were held in Chicago (1975), Leeds (1980), Montreal (1983 and 1990), Hamburg (1987), Lisbon (1993)...
This proceedings volume consists of selected papers presented at the Eighth International Conference on Computer-Aided Scheduling 0/Public Transport (...
This monograph consists of two parts. One part is portfolio selection theory and the other part is capital asset pricing theory. For each part, a comprehensive review of the original theory, efforts to improve the theory afterwards and future works to be done are presented. Some innovative models and empirical research works are given in subsequent chapters following the review. For example, a model for portfolio selection with order of expected returns is presented in Chapter 2, the model addresses the inaccuracy in the estimation the expected returns of securities by putting the expected...
This monograph consists of two parts. One part is portfolio selection theory and the other part is capital asset pricing theory. For each part, a comp...
This book presents the state of the art of temporal analysis and cost minimization of projects, as well as project planning under limited resources where the projects are modelled by GERT networks. These projects are characterized by a stochastic evolution structure and possible feedback. The temporal analysis exploits the fact that Markov renewal processes can be associated with so-called EOR networks (special GERT networks all of whose nodes have exclusive-or entrance). For single-machine min-sum and min-max scheduling problems with EOR precedence constraints, two polynomial algorithms are...
This book presents the state of the art of temporal analysis and cost minimization of projects, as well as project planning under limited resources wh...
