Optimizing Measures of Risk: A Simplex-like Algorithm [PDF]
The minimization of general risk or dispersion measures is becoming more and more important in Portfolio Choice Theory. There are two major reasons. Firstly, the lack of symmetry in the returns of many assets provokes that the classical optimization of ...
Silvia Mayoral +2 more
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Use of operational research techniques for concrete mix design: A systematic review. [PDF]
Heliyon, 2023 Rosa AC, Hammad AWA, Boer D, Haddad A.
europepmc +1 more source
Positive Mathematical Programming: a Comparison of Different Specification Rules [PDF]
In this paper, the prescriptive capacity of different types of positive mathematical programming models applied to the Alentejo agricultural sector is analysed.
Fragoso, Rui Manuel de Sousa +2 more
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Min-max regret versus gross margin maximization in arable sector modeling [PDF]
"A sector model presented in this article, uses about 200 representative French cereal-oriented farms to estimate policy impacts by means of mathematical modeling. Usually, such models suppose that farmers intend to maximize expected gross margin.
Stelios Rozakis +2 more
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DEA Problems under Geometrical or Probability Uncertainties of Sample Data [PDF]
This paper discusses the theoretical and practical aspects of new methods for solving DEA problems under real-life geometrical uncertainty and probability uncertainty of sample data.
Althaler, Karl S., Slavova, Tatjana
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Fast Augmented Lagrangian Method in the convex regime with convergence guarantees for the iterates. [PDF]
Math Program, 2023 Boţ RI, Csetnek ER, Nguyen DK.
europepmc +1 more source
Robust Necessary Optimality Conditions for Nondifferentiable Complex Fractional Programming with Uncertain Data. [PDF]
J Optim Theory Appl, 2021 Chen J +4 more
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Professionals Do Not Play Minimax: Evidence from Major League Baseball and the National Football League [PDF]
Game theory makes strong predictions about how individuals should behave in two player, zero sum games. When players follow a mixed strategy, equilibrium payoffs should be equalized across actions, and choices should be serially uncorrelated.
Kenneth Kovash, Steven D. Levitt
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What Happens in the Field Stays in the Field: Exploring Whether Professionals Play Minimax in Laboratory Experiments [PDF]
The minimax argument represents game theory in its most elegant form: simple but with stark predictions. Although some of these predictions have been met with reasonable success in the field, experimental data have generally not provided results close to
Steven D. Levitt +2 more
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A multi-objective supplier selection framework based on user-preferences. [PDF]
Ann Oper Res, 2022 Toffano F +5 more
europepmc +1 more source