We develop a simple Keynesian type business cycle model in which heterogeneous agents are either optimistic or pessimistic. If the majority of the agents are optimistic, then consumption expenditures are high and the economy booms, otherwise consumption expenditures are low and the economy is in a recession. Within our model, the sentiment of the agents is affected by their social interactions....

Two different bullwhip effects with equal scores may have different sensitivities and production patterns. As a result, the difference between these two seemingly equal scores has been ignored in previous methods (such as frequency response and moving average). So, the present study constructs a model of Inverse Network Data Envelopment Analysis, to introduce the relative and interval scores of...

We present a family of epidemic algorithms for maintaining replicated database systems. The algorithms are based on the causal delivery of log records where each record corresponds to one transaction instead of one operation. The first algorithm in this family is a pessimistic protocol that ensures serializability and guarantees strict executions. Since we expect the epidemic algorithms to be u...

In collaborative software development, the utilization of Version Control Systems (VCSs) is a must. For this, a multitude of pessimistic as well as optimistic VCSs for model artifacts emerged. Pessimistic approaches follow the lock-edit-unlock paradigm whereas optimistic approaches allow parallel editing of one resource, which are therefore the preferred ones. To be flexible for the ever increa...

The paper improves a previously proposed axiomatic setting for qualitative decision under uncertainty in the von Neumann and Morgenstern' style, where only ordinal scales are required for assessing uncertainty and utility. A deeper analysis shows that only four axioms are needed, postulating i) that the choice is governed by a complete preorder, ii) that the decision maker is uncertainty-averse...

Fault-tolerance techniques based on checkpointing and message logging have been increasingly used in real-world applications to reduce service down-time. Most industrial applications have chosen pessimistic logging because it allows fast and localized recovery. The price that they must pay, however, is the high failure-free overhead. In this paper, we introduce the concept of K-optimistic loggi...

Transactional Memory (TM) is an approach aiming to simplify concurrent programming by automating synchronization while maintaining efficiency. TM usually employs the optimistic concurrency control approach, which relies on transactions aborting and restarting if conflicts occur. However, an aborted transaction can still leave some effects in the system that cannot be cleaned up, if irrevocable ...

In the model of Funaki and Yamato (1999) the tragedy of the commons can be avoided with pessimistic players, while this does not hold for optimistic players. We propose a new core concept to overcome this puzzle and provide numerical simulations of simple games where the conclusions coincide or are less sensitive to behavioural assumptions.

Abstract: In this paper, the researchers have proposed a multi-dimensional knapsack model for project capital budgeting problem in uncertain situation which has been modeled through fuzzy sets. The optimistic and pessimistic situations were considered and associated deterministic models were yielded. Numerical example has been supplied toillustrate the performance of proposed model. The results...