The accurate characterization of input processes for simulation models can require the representation of dependencies among input values. Results are presented on the generation of dependent ...

What’s the greatest shortcoming of the human race? I’m sure we all have some suggestions, but according to physicist Albert Bartlett, it is “our inability to understand the exponential function.” ...

A Bayesian approach to the modelling of outliers is presented and examined in relation to members of the exponential family in general, and the exponential distribution in particular. The approach is ...

Here’s a strange thought: Not very long ago, vertical integration was the cutting edge of global business. Indeed, well into the last century, the companies considered to be at the forefront of ...

It has been, can you believe it, six years since Erik Brynjolfsson and Andrew McAfee released Race Against the Machine. In this much discussed book, they predicted that we were arriving at the “back ...

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