Under the assumption of multivariate normality of asset returns, this paper presents a geometrical interpretation and the finite-sample distributions of the sample Hansen-Jagannathan (1991) bounds on the variance of admissible stochastic discount factors, with and without the nonnegativity constraint on the stochastic discount factors. In addition, since the sample Hansen-Jagannathan bounds can...

Variance within the manufacturing system leads to uneven shop loads, long manufacturing lead times, and unreliable customer service. This study compares techniques that reduce system variance to techniques that manage system variance. The study is placed in a dual resource constrained job shop. Results indicate that reducing system variance improves flow time and customer service performance me...

We study the parameterized complexity of cardinality constrained optimization problems, i.e. optimization problems that require their solutions to contain specified numbers of elements to optimize solution values. For this purpose, we consider around 20 such optimization problems, as well as their parametric duals, that deal with various fundamental relations among vertices and edges in graphs....

In this paper, we consider multicriteria and cardinality constrained multicut problems. Let G be a graph where each edge is weighted by R positive costs corresponding to R criteria and consider k source-sink pairs of vertices of G and R integers B1, . . . , BR. The problem R-CriMultiCut consists in finding a set of edges whose removal leaves no path between the ith source and the ith sink for e...

‎Abstract: In this paper, a new mixture modelling using the normal mean-variance mixture of Lindley (NMVL) distribution has been considered. The proposed model is heavy-tailed and multimodal and can be used in dealing with asymmetric data in various theoretic and applied problems. We present a feasible computationally analytical EM algorithm for computing the maximum likelihood estimates. T...

This paper conducts a Monte Carlo simulation study to evaluate the performance of multivariate matching methods that select a subset of treatment and control observations. The matching methods studied are the widely used nearest neighbor matching with propensity score calipers and the more recently proposed methods, optimal matching of an optimally chosen subset and optimal cardinality matching...