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Showing 1 to 4 of 4 for “"; Markov Chain Process"”.

  1. Valuation and Risk Measurement of Guaranteed Annuity Options under Stochastic Environment

    … mortality rates are modelled as affine-diffusion processes. A new concept of endowment-risk-adjusted measure is introduced to facilitate the calculation of the GAO value. As a natural offshoot of addressing GAO valuation, we derive the convex-order upper and lower bounds of GAO values by employing …

    uwo Repository record for Valuation and Risk Measurement of Guaranteed Annuity Options under Stochastic Environment (opens in a new tab)

  2. Robust optimization for portfolio risk : a ravisit of worst-case risk management procedures after Basel III award.

    … under regime switches. For this purpose, the Markov chain process is embedded into robust optimization procedure in order to stress regime transition matrix. In addition, assets returns, volatilities, correlation matrix and covariance matrix can be stressed under pre-defined scenario …

    bradford Repository record for Robust optimization for portfolio risk : a ravisit of worst-case risk management procedures after Basel III award. (opens in a new tab)

  3. Optimizing Bike Sharing Systems: Dynamic Prediction Using Machine Learning and Statistical Techniques and Rebalancing

    … Third, a univariate inventory model using a Markov chain process that provides an optimal range of bike levels at stations was created. Fourth, an investigation of the advantages of portable bike stations, using an agent-based simulation approach as a proof-of-concept was developed. Fifth, …

    vt Repository record for Optimizing Bike Sharing Systems: Dynamic Prediction Using Machine Learning and Statistical Techniques and Rebalancing (opens in a new tab)

  4. Performance Modelling and Analysis of Handover and Call Admission Control Algorithm for Next Generation Wireless Networks

    The next generation wireless system (NGWS) has been conceived as a ubiquitous wireless environment. It integrates existing heterogeneous access networks, as well as future networks, and will offer high speed data, real-time applications (e.g. Voice over IP, videoconference ) and real-time …

    bradford Repository record for Performance Modelling and Analysis of Handover and Call Admission Control Algorithm for Next Generation Wireless Networks (opens in a new tab)