Further topics in von Neumann growth model
The uncertainty of expectations and vagueness of the interests belong to natural components of cooperative situations, in general. Therefore, some kind of formalization of uncertainty and vagueness should be included in realistic models of cooperative behaviour. This paper attempts to contribute to the endeavour of designing a universal model of vagueness in cooperative situations. Namely, some initial auxiliary steps toward the development of such a model are described. We use the concept of fuzzy...
In this paper, a solution procedure is proposed to solve fuzzy linear fractional programming (FLFP) problem where cost of the objective function, the resources and the technological coefficients are triangular fuzzy numbers. Here, the FLFP problem is transformed into an equivalent deterministic multi-objective linear fractional programming (MOLFP) problem. By using Fuzzy Mathematical programming approach transformed MOLFP problem is reduced single objective linear programming (LP) problem. The proposed...
The benefit/cost (B/C) ratio method is utilized in many government and public work projects to determine if the expected benefits provide an acceptable return on the estimated investment and costs. Many authors have studied probabilis- tic cash flows in recent years. They introduced some analytical methods which determine the probability distribution function of the net present value and in- ternal rate of return of a series of random discrete cash flows. They considered serially correlated cash...
Motivated by the observation that the gain-loss criterion, while offering economically meaningful prices of contingent claims, is sensitive to the reference measure governing the underlying stock price process (a situation referred to as ambiguity of measure), we propose a gain-loss pricing model robust to shifts in the reference measure. Using a dual representation property of polyhedral risk measures we obtain a one-step, gain-loss criterion based theorem of asset pricing under ambiguity of...
We consider the following combinatorial game: two players, Fast and Slow, claim k-element subsets of [n] = 1, 2, …, n alternately, one at each turn, so that both players are allowed to pick sets that intersect all previously claimed subsets. The game ends when there does not exist any unclaimed k-subset that meets all already claimed sets. The score of the game is the number of sets claimed by the two players, the aim of Fast is to keep the score as low as possible, while the aim of Slow is to postpone...
We study ensembles of similar systems under load of environmental factors. The phenomenon of adaptation has similar properties for systems of different nature. Typically, when the load increases above some threshold, then the adapting systems become more different (variance increases), but the correlation increases too. If the stress continues to increase then the second threshold appears: the correlation achieves maximal value, and start to decrease, but the variance continue to increase. In many...