This note demonstrates that symmetric 3× 3 supermodular games may fail to have any equilibrium robust to incomplete information. Since the global game solution in these games is known to be independent of the noise structure, our result implies that a noise-independent selection in global games may not be a robust equilibrium. Journal of Economic Literature Classification Numbers: C72, D82.

The composite likelihood method has been proposed and systematically discussed by Besag (1974), Lindsay (1988), and Cox and Reid (2004). This method has received increasing interest in both theoretical and applied aspects. Compared to the traditional likelihood method, the composite likelihood method may be less statistically efficient, but it can be designed so as to be significantly faster to...

Abstract Vendor Selection Problem (VSP) has been considered in this paper as an integrated method of Fuzzy Analytic Hierarchy Process (FAHP) and Quality Function Deployment (QFD) in the pharmaceutical company. In QFD method, determining the importance of the "weights" for the customer requirements is an essential and crucial issue. FAHP has been used to determine the importance of the "we...

We examine theoretical properties of value of information (VOI) in the selection problem, and identify cases of submodularity and supermodularity. We use these properties to compute approximately optimal measurement batch policies, implemented on a “wine selection problem” example.

An algorithm is presented for seed function combination selection for chained function filters on the basis of pre-defined manufacturing limitations. To this end, and for the first time, combinatorial analysis methods have been applied to computer-aided filter design routines. A fundamental Monte-Carlo margin has been discovered that represents an upper-bound on the worst-case pass-band return-...

Using the effective management tools that are relevant tothe organization’s needs for excellence has become so important for thecompanies to improve their performances and then increase customersatisfaction and gain market shares. Quality function deployment is anefficient and powerful tool in design, development, and planning of products.The main function of quality function deployment is conv...

In this paper, we explain a new generalized contractive condition for multivalued mappings and prove a fixed point theorem in metric spaces (not necessary complete) which extends some well-known results in the literature. Finally, as an application, we prove that a multivalued function satisfying a general linear functional inclusion admits a unique selection fulfilling the corresp...

n be a continuous multifunction with compact, not necessarily convex values. If F is Lipschitz continuous, it was shown in [4] that there exists a measurable selection f of F such that, for every x 0 , the Cauchy problem ˙ x(t) = f (t, x(t)), x(0) = x 0 has a unique Caratheodory solution, depending continuously on x 0. In this paper, we prove that the above selection f can be chosen so that f (...