In this paper, we consider equity-linked life insurance contracts that give their holder the possibility to surrender their policy before maturity. Such contracts can be valued us...
The research using artificial intelligence and computer simulation introduces a new approach for solving the job shop-scheduling problem. The new approach is based on the developm...
This paper presents a method for simulating basic manufacturing operations (unload, load, process, move, and store) in a 3D virtual environment. The virtual environment provides a...
Due to high demand uncertainty, excess inventory has been a key issue in inventory control. Caterpillar developed the dealers' parts inventory sharing (DPIS) and returns prog...
Bootstrapping is a resampling technique that requires less computer time than simulation does. Bootstrapping -like simulation-must be defined for each type of application. This pa...
Jack P. C. Kleijnen, A. J. Feelders, Russell C. H....