I nterest rates and their dynamics provide probably the most computationally difficult part of the modern financial theory. The modern fixed income market includes not only bonds but all kinds of derivative securities sensitive to interest rates. Moreover interest rates are important in pricing all other market securities since they are used in time discounting. Interest rates are also importan...

The paper analyses dynamic investment behaviour and labour demand of the nancially restricted rm. It shows that rm development is characterised by a negative correlation between leverage and the stocks of capital and labour but a positive correlation between leverage and investment and labour hiring. The paper explains The paper explains why rm growth is decreasing with rm size and age, and why...

Technology-mediated learning (TML) has been a growing trend among higher education institutions in the U.S., especially after the inception of e-commerce. In this paper, we develop an analytical framework that focuses on the relationship between the extent of TML adoption and students’ return from a higher education degree. This framework is used to derive hypotheses about how adoption levels s...

We study and analyze the behavior of Hubnet. A simulation model is developed from which the effect of the retry time on the performance of Hubnet is studied. Results show that increasing the retry time does not always mean higher delay. We show that, for retry time values that are less than and are factors of the packet length, the mean delay is better than some lower retry time values subject ...

ing the concrete model. Selecting the "Mk Abstract Model" button it is possible to specify the aspects of the system which we are interested to observe, and generate a simplified model which is an abstraction (minimized w.r.t. divergence sensitive branching equivalence) or the original one but which is equivalent to it w.r.t. the observed aspects. In particular we can specify that we want to ob...

Successful implementation of major projects requires careful management of uncertainty and risk. Yet such uncertainty is rarely effectively calculated when analysing project costs and benefits. This paper presents a Bayesian network (BN) modelling framework to calculate the costs, benefits, and return on investment of a project over a specified time period, allowing for changing circumstances a...

Although the practical importance of investment analysis in long-term energy investments is well understood, choosing the proper method has always been a dilemma. In this regard, classic evaluation methods, with a history of almost a century, are mostly favored, but using them in the valuation of long-lasting energy projects has particular shortcomings, nevertheless. The drawbacks mainly stem f...

Customer Lifetime Value has become a very important metric in Customer Relationship Management. Various firms are increasing relying on CLV to manage and measure their business. CLV is a disaggregate metric that can be used to find customers who can be profitable in future and hence be used allocate resources accordingly (Kumar and Reinartz, 2006). Besides, CLV of current and future customers i...