This paper examines how repugnance sometimes constrains what transactions and markets we see. When the author's colleagues and he has helped design markets and allocation procedures, he has often found that distaste for certain kinds of transactions is a real constraint, every bit as real as the constraints imposed by...
Business Process Management BPM has emerged as a dominant technology in current enterprise systems and business solutions. However, the technology continues to face challenges in coping with dynamic business environments where requirements and goals are constantly changing. This paper present a modelling framework for business processes that is conducive to...
Optimality Theory OT is a formal linguistic model in which grammars consist of a universal set of violable constraints that are ranked in a language-particular hierarchy. Lower-ranked constraints are often forcibly violated in order to improve satisfaction of higher-ranked constraints. The optimal or most harmonic pronunciation of a given word...
PMBOK emphasizes the importance of proactive behavior throughout the project lifecycle in ensuring that what the project delivers meets the needs for which it was undertaken. In striving to meet the goals of the project, it is necessary for the project manager to be constantly vigilant and to take corrective...
This paper describes features of the OMP problem solver that integrates planning features in a constraint based scheduling framework. The rationale for this integration is to express problems going beyond the vision of scheduling as a set of resource productions and consumptions but for also being able to express several...
The Pension annuity market is faced with a significant increase in demand for annuities as the baby boomer generation retires and increases in the number of people holding defined contribution DC pensions feeds through into demand. A research highlighted two areas in particular where this increase in demand could meet...
This paper proposes a life-cycle model of the housing market with a property ladder and a credit constraint. It focuses on equilibria, which replicates the facts that credit constraints delay some households' first home purchase and force other households to buy a home smaller than they would like. The model...
This white paper deals with the process of enforcing the 2-to-1 constraint on an existing octree dataset called as balance refinement. The balance refinement problem is characterized not only by the sheer volume of data, but also by the intricacy of the 2-to-1 constraint. The paper presents solution that consists...
Recent empirical studies suggest that the average marginal propensity to consume MPC has declined. This paper explains the declining trend of the MPC with a standard representative consumer model where borrowing constraints become more relaxed as suggested by data. With an increase in available credit, the consumer can easily spread...
This paper studies two types of constraints on the resale of syndicated loans. First, it focuses on a consent constraint and then on minimum size constraint. Borrowers and/or lenders can apply the prior consent constraint in a syndicated loan agreement contract. The paper finds that loans to smaller lenders, with...
This white paper dissertation discusses the methods for efficiently approximating conditional probabilities in large domains by maximizing the entropy of the distribution given a set of constraints. The constraints are constructed from conditional probabilities, typically of low-order, that can be accurately computed from the training data. By appropriately choosing the...
From the executive summary: ‘Although short sales make an important contribution to financial markets, this transaction faces legal constraints that do not govern long positions. In evaluating these constraints, other commentators, who are virtually all economists, have not focused rigorously enough on the precise contours of current law. Some short...
In this article, we show how to analyze analytically the equilibrium policies and prices in an economy with a stochastic investment opportunity set and incomplete financial markets, when agents have power utility over both intermediate consumption and terminal wealth, and face portfolio constraints. The exact local comparative statics and approximate...
"It has been aware that virtually every business sector has become more and more competitive in recent years. There is cutthroat competition both at home and abroad, and the need for improvement embraces virtually every aspect of business. The popularity of downsizing, rightsizing and re-engineering attests to the need for...
"What are the economic effects of an interest rate cut when an economy is in the midst of a financial crisis? Under what conditions will a cut stimulate output and employment, and raise welfare? Under what conditions will a cut have the opposite effects? The answer to these questions is...
The paper builds a model of emerging markets a crisis which features two types of collateral constraints. Firms in a domestic economy have limited borrowing capacity from international investors. They also have limited borrowing capacity with respect to each other. It studies how the presence and changes in these collateral...
The discrete-time dynamic investment model, using only historical data in various asset allocation settings, often produces significant abnormal returns. However, the model does not choose the diversified portfolios that theory suggests it should. Therefore, this paper compares the investment policies and returns of the model with and without constraints on...
This paper investigate the empirical significance of borrowing constraints in the market for consumer loans. This paper set up a theoretical model of consumer loan demand, which in the presence of credit rationing implies restrictions on the elasticities of loan demand with respect to the interest rate and the maturity...
Article explains that one has to respect customers' time constraints. If one tries to overstay his welcome, he'll only succeed in making customer more irritated with you. Think of the issue being quality time, not quantity time. Article provides three strategies that will work for you. It shows another way...
INTRODUCTION The tropical root crop cassava Manihot esculenta Crantz is the third most important source of calories for human food in the tropics after rice and maize. Over 600 million people depend on cassava in Africa, Asia, and Latin America. Cassava is grown by poor farmers, many of...
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