This paper proposes a capital accumulation model with a random stopping time corresponding to the occurrence of an environmental catastrophe. Depending on the preventive capital s...
Suppose one wishes to compare two closely related systems via stochastic simulation. Common random numbers (CRN) involves using the same streams of uniform random variates as inpu...
Eight successively refined simulation models for the earthmoving operations involved in the construction of a dam provide the foundation for illustrating the ease and effectivenes...
We analyse a class of tandem fields invariant by stochastic synchronous updating of all sites, subject to a generaJlzed reversibility assumption. We give a formal definition and pr...
Bayesian forecasting models provide distributional estimates for random parameters, and relative to classical schemes, have the advantage that they can rapidly capture changes in ...