In this paper, the problem of determining the quality level, lead time for order delivery and price of a product produced by a manufacturer is considered. In this problem the demand for the product is influenced by all three decision variables: price, lead time and quality level. To formulate the demand function, a fuzzy rule base that estimates the demand value based on the three decision vari...

In this work we study stationary linear time-series models, and construct analyse “score-matching” estimators based on the Hyvärinen scoring rule. We consider two scenarios: a single series of increasing length, an number independent fixed length. latter case there are variants, one full data, another sufficient statistic. empirical performance these in three special cases, autoregressive (AR),...

Estimates of instrumental rules can be utilized to describe central bank's behavior and monetary policy stance. In the last decade, considerable attention has been given to time-varying parameter (TVP) specification of monetary policy rules. Constant-parameter reaction functions likely ignore the impact of model uncertainty, shifting preferences and nonlinearities of policymaker's choices. This...

The Union of European Football Associations is currently reviewing the away goals rule during extra time in knockout rounds Champions League. We model as a two-stage contest. Assuming home-field advantage we analyze effect on competitive balance between teams. Our analysis suggests that levels imbalance introduced by quarter and semi-finals round 16 weaker teams should play first home then so t...