We conduct a study on the problem of fair allocation indivisible goods when maximin share [1] is used as measure fairness. Most current studies this notion are limited to case that valuations additive. In paper, we go beyond additive and consider cases submodular, fractionally subadditive, subadditive. give constant approximation guarantees for agents with submodular XOS valuations, logarithmic...

Abstract Damages have been described as ‘the poor cousin of liability’.3 Yet damages valuation plays an essential, albeit often controversial, role in investor–State arbitration. Quantum questions require the participants—parties, counsel, experts and especially arbitrators—to think creatively critically about applicable framework underlying valuation. Consistency rigor tribunal’s approach to c...

This study examined fair value measurement and firm performance of quoted manufacturing companies in Nigeria. The used data from thirty-one (31) selected Nigeria for a period 16 years that were split into eight (8) historical cost accounting method (2004-2011) valuation technique (2012-2019). utilized the paired sample t-test framework analyzing data. Findings revealed there are significant dif...

The ability to quickly deploy new protocols, and provide flexibility to both applications and network administrators has been an oft-cited reason for active networks to be seriously examined. This paper describes an architecture and implementation that provides dynamic installation of network services and flexibility to active code. An example of weighted fair queuing being installed dynamicall...

We consider the fair division of indivisible items using maximin shares measure. Recent work on topic has focused extending results beyond class additive valuation functions. In this spirit, we study case where form a hereditary set system. present simple algorithm that allocates each agent bundle whose value is at least 0.3666 times share agent. This improves upon current best known guarantee ...

In this paper we deal with the problem of valuing the surrender option embedded in a participating life insurance policy with a minimum interest rate guaranteed. This feature is an American-style put option that enables the policyholder to sell back the contract to the insurer at the surrender value. By means of a recursive binomial tree à la Cox, Ross and Rubinstein (1979) we compute, first of...

This paper presents a dynamic method to estimate fair value insurance liabilities for the whole book (with separate but correlated lines) of business. The model studies the aggregate liability without assuming independence of individual losses. A non-traditional aI)proach is proposed which estimates the fair wdue liability based on a st,)ehas/ic model of individual losses. Using the contingent ...

The FASB has converged SFAS 123R with IFRS No.2, which simultaneously defines that the value of stock compensation is an expense under fair value method that must be recognized in the current statement of operations. However, under the fair value method, volatility of the market value of stock is easily subjected to the business cycle, political condition, managerial behavior, and macroeconomic...

The US Security and Exchange Commission implemented Regulation Fair Disclosure in 2000, requiring that an issuer must make relevant information disclosed to any investor available to the general public in a fair manner. Focusing on firms that are affected by the regulation, we propose a model that characterizes the behavior of two types of investors—one professional investor and many small inve...