The paper describes model of a new type for valuation of risky bonds and loans that we call Bayesian Multi-Period (BMP) model. BMP is neither structural model nor reduced form and not a Merton-type model at all. BMP proceeds from concept of a risky bond (loan) value as Net Present Value (NPV) of a cash flow, generated by a bond. For a defaultable bond NPV is random value, and BMP identifies “fa...

Identifying risk components is crucial to improve product quality. Failure mode and effects analysis as a useful assessment method has become prevalent application in design. However, the critical data, which contain failure causality relationships (FCRs) between modes, importance correlations among factors, customer requirements of component, are not considered. This study develops an integrat...

Individual differences in impulsive and risky choice are key risk factors for a variety of maladaptive behaviors such as drug abuse, gambling, and obesity. In our rat model, ordered individual differences are stable across choice parameters, months of testing, and span a broad spectrum, suggesting that rats, like humans, exhibit trait-level impulsive and risky choice behaviors. In addition, imp...

In this paper, we deal with the pricing of power options when the dynamics of the risky underling asset follows the double stochastic volatility with double jump model. We prove efficiency of our considered model by fast Fourier transform method, Monte Carlo simulation and numerical results using power call options i.e. Monte Carlo simulation and numerical results show that the fast Fourier tra...

in this study, a new stochastic model is proposed to deal with a multi-product, multi-period, multi-stage, multi-site production and transportation supply chain planning problem under demand uncertainty. a two-stage stochastic linear programming approach is used to maximize the expected profit. decisions such as the production amount, the inventory level of finished and semi-finished product, t...

conclusions lower estimations in the nsu method might be due to the transmission barrier, which means that students were not fully aware of the high-risk behaviors of their close friends. nonetheless, it seems that these risky behaviors were more or less common among iranian college students. results the estimated prevalence using the cm and nsu were alcohol consumption (16.8% vs. 8.1%), opium ...

First, an integer programming model is proposed to find an α-labeling for quadratic graphs. Then, a Tabu search algorithm is developed to solve large scale problems. The proposed approach can generate α-labeling for special classes of quadratic graphs, not previously reported in the literature. Then, the main theorem of the paper is presented. We show how a problem in graph theory c...

Supplier selection is one of the influential decisions for effectiveness of purchasing and manufacturing policies under competitive conditions of the market. Regarding the fact that decision makers (DMs) consider conflicting criteria for selecting suppliers, multiple-criteria programming is a promising approach to solve the problem. This paper develops a nadir compromise programming (NCP) model...