We summarize the results of an experimental performance evaluation of using an empirical histogram to approximate the steady-state distribution of the underlying stochastic proces...
This paper establishes a two-phase model to explore the financial risk of construction project under uncertain construction duration. Treated as a random variable in the model, th...
The distribution of possible future losses for a portfolio of credit risky corporate assets, such as bonds or loans, shows strongly asymmetric behavior and a fat tail as the conse...
As systems become more and more complex the use of automation tools becomes more important. Although automation is introduced to reduce human workload, improve situational awarene...
An entire emergency department of a general hospital is simulated to examine patient flows. First, times needed for both outpatients and patients arriving via ambulance to be proc...