This paper explores an omnichannel retail system under which the retailer offers coupons via online channels for market share and profit. It investigates action mechanism of coupon promotion on price operational decisions by employing a theoretical model. Three distribution modes are investigated; scenario in does not offer coupons, with common face value, or different value. The results show t...

This paper develops a rich class of discrete-time, nonlinear dynamic term structure models (DTSMs). Under the risk-neutral measure, the distribution of the state vector Xt resides within a family of discrete-time affine processes that nests the exact discrete-time counterparts of the entire class of continuous-time models in Duffie and Kan (1996) and Dai and Singleton (2000). Moreover, we allow...

We examined whether the Big Five personality dimensions and choice of reimbursement (participating in a lottery for a coupon vs. personality feedback) were related to respondents’ motivation to continue filling out an online survey. A total of 3,013 individuals took part in an online study that asked them to rate a number of items separated into different question blocks. Using discrete-time su...

Abstract: The risks of alternating current (AC) corrosion and overprotection increasingly demand new criteria forcathodically protected pipelines. To assess the risk of AC corrosion, new cathodic protection (CP) criteria have beenproposed based on DC/AC current densities measurements using coupons. The monitoring system designed for thisproject was based on the instant-off method, with steel co...

In general, the interest rate is not directly observable in the nancial market. Short term interest rates are quoted in the money market for maturities up to approximately one year, but longer term interest rates are traded only indirectly through the bond market. In this paper the spot interest rate is described by a bivariate stochastic differential equation state space model that gives rise ...

Traditionally, computer simulation techniques are used to perform probabilistic analysis. However, they provide less accurate results and cannot handle large-scale problems due to their enormous CPU time requirements. Recently, a significant amount of formalization has been done in the HOL theorem prover that allows us to conduct precise probabilistic analysis using theorem proving and thus ove...

A digital coupon distributing firm selects coupons from its coupon pool and posts them online for its customers to activate them. Its objective is to maximize the total number of clicks that activate the coupons by sequential arriving customers. This paper resolves this problem by using a multi-armed bandit approach to balance the exploration (learning customers' preference for coupons) with ex...