On interval estimation of the coefficient of variation for the three-parameter Weibull, lognormal and gamma distribution: a simulation-based approach
Article Abstract:
The coefficient of variation (CV) of a population is useful in determining the risk premiums on corporate bonds and price competition in life insurance apart from other areas like precision of measurements and risk analysis in stocks. A simulation based Bayesian method that helps in estimation of CV of Weibull distribution, l ognormal distribution and gamma distribution is presented. The usage of Markov chain and Monte Carlo methods for the purpose of calculating CV is also discussed.
Publication Name: European Journal of Operational Research
Subject: Business, international
ISSN: 0377-2217
Year: 2005
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Persistence in sequences of football match results: a Monte Carlo analysis
Article Abstract:
Simulation of football match results to test extent of persistence of these results by using Monte Carlo analysis is described.
Publication Name: European Journal of Operational Research
Subject: Business, international
ISSN: 0377-2217
Year: 2003
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A simulation study of despatch bay performance in the steel processing industry
Article Abstract:
The methods to improve productivity of despatch bay of steel industry with relation to supply chain management are presented.
Publication Name: European Journal of Operational Research
Subject: Business, international
ISSN: 0377-2217
Year: 2007
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