A measured response is provided to Dr. Mikosch’s vitriolic attack on the merits of studying, characterizing and modeling stochastic dependence through copulas.

The initial time-dependence of a state in circumstances where it makes transitions to, or decay second has been investigated. In classical stochastic processes, the observed time dependence transition proportional to $t^2$ is attributed noise with memory. contrast quantum mechanics, quadratic form unable decelerate evolution system.

Our investigation is specially motivated by the stochastic version of a common model of potential spread in a dendritic tree. We do not assume the noise in the junction points to be Markovian. In fact, we allow for long-range dependence in time of the stochastic perturbation. This leads to an abstract formulation in terms of a stochastic diffusion with dynamic boundary conditions, featuring fra...

This paper deals with a realistic multi-period liner ship fleet planning problem by incorporating stochastic dependency of the random and period-dependent container shipment demand. This problem is formulated as a multi-period stochastic programming model with a sequence of interrelated two-stage stochastic programming (2SSP) problems characterized ship fleet planning in each single period. A s...

Considering the network structure is one of the new approaches in studying stochastic PERT networks (SPN). In this paper, planar networks are studied as a special class of networks. Two structural reducible mechanisms titled arc contraction and deletion are developed to convert any planar network to a series-parallel network structure.&#10In series-parallel SPN, the completion time distribution...

This paper concerns a class of Banach valued processes which have finite quadratic variation. The notion introduced here generalizes the classical one, of Métivier and Pellaumail which is quite restrictive. We make use of the notion of χ-covariation which is a generalized notion of covariation for processes with values in two Banach spaces B1 and B2. χ refers to a suitable subspace of the dual ...