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Three-Point Approximations for Continuous Random Variables

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Cited by:

  1. von der Gracht, Heiko A. & Hommel, Ulrich & Prokesch, Tobias & Wohlenberg, Holger, 2016. "Testing weighting approaches for forecasting in a Group Wisdom Support System environment," Journal of Business Research, Elsevier, vol. 69(10), pages 4081-4094.
  2. Marlin U. Thomas & Sridevi S. Rao, 1999. "Warranty Economic Decision Models: A Summary and Some Suggested Directions for Future Research," Operations Research, INFORMS, vol. 47(6), pages 807-820, December.
  3. Logan, Douglas M., 1990. "5.4. Decision analysis in engineering-economic modeling," Energy, Elsevier, vol. 15(7), pages 677-696.
  4. Fadhil Y. Al-Aboosi & Mahmoud M. El-Halwagi, 2019. "A Stochastic Optimization Approach to the Design of Shale Gas/Oil Wastewater Treatment Systems with Multiple Energy Sources under Uncertainty," Sustainability, MDPI, vol. 11(18), pages 1-39, September.
  5. Broihanne, M.H. & Merli, M. & Roger, P., 2014. "Overconfidence, risk perception and the risk-taking behavior of finance professionals," Finance Research Letters, Elsevier, vol. 11(2), pages 64-73.
  6. Moors, J.J.A. & Schuld, M.H. & Mathijssen, A.C.A., 1995. "A new method for assessing judgmental distributions," Research Memorandum FEW 708, Tilburg University, School of Economics and Management.
  7. Durbach, Ian N. & Calder, Jon M., 2016. "Modelling uncertainty in stochastic multicriteria acceptability analysis," Omega, Elsevier, vol. 64(C), pages 13-23.
  8. Huber, Christoph & Huber, Jürgen & Hueber, Laura, 2019. "The effect of experts’ and laypeople’s forecasts on others’ stock market forecasts," Journal of Banking & Finance, Elsevier, vol. 109(C).
  9. Phan, Thuy Chung & Rieger, Marc Oliver & Wang, Mei, 2018. "What leads to overtrading and under-diversification? Survey evidence from retail investors in an emerging market," Journal of Behavioral and Experimental Finance, Elsevier, vol. 19(C), pages 39-55.
  10. Markus Glaser & Martin Weber, 2007. "Overconfidence and trading volume," The Geneva Papers on Risk and Insurance Theory, Springer;International Association for the Study of Insurance Economics (The Geneva Association), vol. 32(1), pages 1-36, June.
  11. Rosenbloom, E. S., 1997. "A probabilistic interpretation of the final rankings in AHP," European Journal of Operational Research, Elsevier, vol. 96(2), pages 371-378, January.
  12. Tianyang Wang & James S. Dyer, 2012. "A Copulas-Based Approach to Modeling Dependence in Decision Trees," Operations Research, INFORMS, vol. 60(1), pages 225-242, February.
  13. Thomas W. Keelin & Bradford W. Powley, 2011. "Quantile-Parameterized Distributions," Decision Analysis, INFORMS, vol. 8(3), pages 206-219, September.
  14. Glaser, Markus & Langer, Thomas & Reynders, Jens & Weber, Martin, 2008. "Scale dependence of overconfidence in stock market volatility forecasts," Papers 08-22, Sonderforschungsbreich 504.
  15. Tristan Roger & Wael Bousselmi & Patrick Roger & Marc Willinger, 2018. "The effect of price magnitude on analysts' forecasts: evidence from the lab," Working Papers hal-01954919, HAL.
  16. Hudson, Darren, 2001. "Cross-Commodity Perspective On Contracting: Evidence From Mississippi," Research Reports 15800, Mississippi State University, Department of Agricultural Economics.
  17. John R. Graham & Campbell R. Harvey, 2001. "Expectations of Equity Risk Premia, Volatility and Asymmetry from a Corporate Finance Perspective," NBER Working Papers 8678, National Bureau of Economic Research, Inc.
  18. Tanaka, Ken'ichiro & Toda, Alexis Akira, 2015. "Discretizing Distributions with Exact Moments: Error Estimate and Convergence Analysis," University of California at San Diego, Economics Working Paper Series qt2tc0m67t, Department of Economics, UC San Diego.
  19. Itzhak Ben-David & John R. Graham & Campbell R. Harvey, 2007. "Managerial Overconfidence and Corporate Policies," NBER Working Papers 13711, National Bureau of Economic Research, Inc.
  20. Jeffrey S. Stonebraker, 2013. "Product-Generation Transition Decision Making for Bayer's Hemophilia Drugs: Global Capacity Expansion Under Uncertainty with Supply-Demand Imbalances," Operations Research, INFORMS, vol. 61(5), pages 1119-1133, October.
  21. Yufei Ren & Rachel Croson, 2013. "Overconfidence in Newsvendor Orders: An Experimental Study," Management Science, INFORMS, vol. 59(11), pages 2502-2517, November.
  22. Robert K. Hammond & J. Eric Bickel, 2013. "Reexamining Discrete Approximations to Continuous Distributions," Decision Analysis, INFORMS, vol. 10(1), pages 6-25, March.
  23. Ravi Kashyap, 2016. "The Perfect Marriage and Much More: Combining Dimension Reduction, Distance Measures and Covariance," Papers 1603.09060, arXiv.org, revised Jul 2019.
  24. Canbolat, Yavuz Burak & Chelst, Kenneth & Garg, Nitin, 2007. "Combining decision tree and MAUT for selecting a country for a global manufacturing facility," Omega, Elsevier, vol. 35(3), pages 312-325, June.
  25. Saurabh Bansal & Mahesh Nagarajan, 2017. "Product Portfolio Management with Production Flexibility in Agribusiness," Operations Research, INFORMS, vol. 65(4), pages 914-930, August.
  26. Bruno Biais & Martin Weber, 2009. "Hindsight Bias, Risk Perception, and Investment Performance," Management Science, INFORMS, vol. 55(6), pages 1018-1029, June.
  27. Sahoo, Nihar R. & Mohapatra, Pratap K.J. & Mahanty, Biswajit, 2017. "Compliance choice analysis for India's thermal power sector in the market-based energy efficiency regime," Energy Policy, Elsevier, vol. 108(C), pages 624-633.
  28. Saurabh Bansal & Genaro J. Gutierrez & Mahesh Nagarajan, 2021. "Theory-Driven Practical Approach to Integrate R&D and Production Planning for Portfolio Management in Agribusiness," Interfaces, INFORMS, vol. 51(5), pages 332-346, September.
  29. Kotz, Samuel & van Dorp, J. René, 2005. "A link between two-sided power and asymmetric Laplace distributions: with applications to mean and variance approximations," Statistics & Probability Letters, Elsevier, vol. 71(4), pages 383-394, March.
  30. Jeffrey S. Stonebraker & Donald L. Keefer, 2009. "OR Practice---Modeling Potential Demand for Supply-Constrained Drugs: A New Hemophilia Drug at Bayer Biological Products," Operations Research, INFORMS, vol. 57(1), pages 19-31, February.
  31. Robert K. Perdue & William J. McAllister & Peter V. King & Bruce G. Berkey, 1999. "Valuation of R and D Projects Using Options Pricing and Decision Analysis Models," Interfaces, INFORMS, vol. 29(6), pages 57-74, December.
  32. Siebenmorgen, Niklas & Weber, Elke U. & Weber, Martin, 2000. "Communicating asset risk : how the format of historic volatility information affects risk perception and investment decisions," Papers 00-38, Sonderforschungsbreich 504.
  33. Durbach, Ian N. & Stewart, Theodor J., 2012. "A comparison of simplified value function approaches for treating uncertainty in multi-criteria decision analysis," Omega, Elsevier, vol. 40(4), pages 456-464.
  34. Imran A. Khan & J. Eric Bickel & Robert K. Hammond, 2023. "Determining the Accuracy of the Triangular and PERT Distributions," Decision Analysis, INFORMS, vol. 20(2), pages 151-165, June.
  35. Johan René van Dorp & Salvador Cruz Rambaud & José García Pérez & Rafael Herrerías Pleguezuelo, 2007. "An Elicitation Procedure for the Generalized Trapezoidal Distribution with a Uniform Central Stage," Decision Analysis, INFORMS, vol. 4(3), pages 156-166, September.
  36. Mort Webster & Nidhi Santen & Panos Parpas, 2012. "An approximate dynamic programming framework for modeling global climate policy under decision-dependent uncertainty," Computational Management Science, Springer, vol. 9(3), pages 339-362, August.
  37. Craig W. Kirkwood & Matthew P. Slaven & Arnold Maltz, 2005. "Improving Supply-Chain-Reconfiguration Decisions at IBM," Interfaces, INFORMS, vol. 35(6), pages 460-473, December.
  38. Jeffrey M. Keisler & Patrick S. Noonan, 2012. "Communicating Analytic Results: A Tutorial for Decision Consultants," Decision Analysis, INFORMS, vol. 9(3), pages 274-292, September.
  39. Kjetil Høyland & Stein W. Wallace, 2001. "Generating Scenario Trees for Multistage Decision Problems," Management Science, INFORMS, vol. 47(2), pages 295-307, February.
  40. Tianyang Wang & James Dyer & Warren Hahn, 2015. "A copula-based approach for generating lattices," Review of Derivatives Research, Springer, vol. 18(3), pages 263-289, October.
  41. Woodruff, Joshua & Dimitrov, Nedialko B., 2018. "Optimal discretization for decision analysis," Operations Research Perspectives, Elsevier, vol. 5(C), pages 288-305.
  42. Jin-Huei Yeh & Jying-Nan Wang & Chung-Ming Kuan, 2014. "A noise-robust estimator of volatility based on interquantile ranges," Review of Quantitative Finance and Accounting, Springer, vol. 43(4), pages 751-779, November.
  43. Anil Gaba & Dana G. Popescu & Zhi Chen, 2019. "Assessing Uncertainty from Point Forecasts," Management Science, INFORMS, vol. 65(1), pages 90-106, January.
  44. Werner, Christoph & Bedford, Tim & Cooke, Roger M. & Hanea, Anca M. & Morales-Nápoles, Oswaldo, 2017. "Expert judgement for dependence in probabilistic modelling: A systematic literature review and future research directions," European Journal of Operational Research, Elsevier, vol. 258(3), pages 801-819.
  45. Itzhak Ben-David & John R. Graham, 2013. "Managerial Miscalibration," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 128(4), pages 1547-1584.
  46. Durbach, Ian N. & Stewart, Theodor J., 2009. "Using expected values to simplify decision making under uncertainty," Omega, Elsevier, vol. 37(2), pages 312-330, April.
  47. Kashyap, Ravi, 2019. "The perfect marriage and much more: Combining dimension reduction, distance measures and covariance," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 536(C).
  48. Sautner, Zacharias & Weber, Martin, 2005. "Stock options and employee behavior," Papers 05-26, Sonderforschungsbreich 504.
  49. James W. Taylor, 2005. "Generating Volatility Forecasts from Value at Risk Estimates," Management Science, INFORMS, vol. 51(5), pages 712-725, May.
  50. Mort Webster, 2008. "Incorporating Path Dependency into Decision-Analytic Methods: An Application to Global Climate-Change Policy," Decision Analysis, INFORMS, vol. 5(2), pages 60-75, June.
  51. Liu, Jie & Yang, Yang & Yu, Yugang, 2021. "Ordering and interest rate strategies in platform finance with an overconfident and commerce retailer," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 153(C).
  52. Hajdu M. & Isaac S., 2016. "Sixty years of project planning: history and future," Organization, Technology and Management in Construction, Sciendo, vol. 8(1), pages 1499-1510, December.
  53. Tianyang Wang & James S. Dyer & John C. Butler, 2016. "Modeling Correlated Discrete Uncertainties in Event Trees with Copulas," Risk Analysis, John Wiley & Sons, vol. 36(2), pages 396-410, February.
  54. Jing Ai & Patrick L. Brockett & Tianyang Wang, 2017. "Optimal Enterprise Risk Management and Decision Making With Shared and Dependent Risks," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 84(4), pages 1127-1169, December.
  55. Grossman, Thomas Jr. & Rohleder, Thomas R. & A. Silver, Edward, 2000. "A negotiation aid for fixed-quantity contracts with stochastic demand and production," International Journal of Production Economics, Elsevier, vol. 66(1), pages 67-76, June.
  56. Silvia Araújo dos Reis & José Eugenio Leal & Antônio Márcio Tavares Thomé, 2023. "A Two-Stage Stochastic Linear Programming Model for Tactical Planning in the Soybean Supply Chain," Logistics, MDPI, vol. 7(3), pages 1-26, August.
  57. Alexander Klos & Elke U. Weber & Martin Weber, 2005. "Investment Decisions and Time Horizon: Risk Perception and Risk Behavior in Repeated Gambles," Management Science, INFORMS, vol. 51(12), pages 1777-1790, December.
  58. Cho, Sungbin, 2009. "A linear Bayesian stochastic approximation to update project duration estimates," European Journal of Operational Research, Elsevier, vol. 196(2), pages 585-593, July.
  59. Graham, John R. & Harvey, Campbell R., 2005. "The long-run equity risk premium," Finance Research Letters, Elsevier, vol. 2(4), pages 185-194, December.
  60. Robert T. Clemen & Terence Reilly, 1999. "Correlations and Copulas for Decision and Risk Analysis," Management Science, INFORMS, vol. 45(2), pages 208-224, February.
  61. A Jessop, 2011. "Using imprecise estimates for weights," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 62(6), pages 1048-1055, June.
  62. Hahn, Eugene David, 2008. "Mixture densities for project management activity times: A robust approach to PERT," European Journal of Operational Research, Elsevier, vol. 188(2), pages 450-459, July.
  63. Yijing Li & Prakash P. Shenoy, 2012. "A Framework for Solving Hybrid Influence Diagrams Containing Deterministic Conditional Distributions," Decision Analysis, INFORMS, vol. 9(1), pages 55-75, March.
  64. Saurabh Bansal & Genaro J. Gutierrez & John R. Keiser, 2017. "Using Experts’ Noisy Quantile Judgments to Quantify Risks: Theory and Application to Agribusiness," Operations Research, INFORMS, vol. 65(5), pages 1115-1130, October.
  65. Jeffrey S. Stonebraker, 2002. "How Bayer Makes Decisions to Develop New Drugs," Interfaces, INFORMS, vol. 32(6), pages 77-90, December.
  66. Steffen Keck & Wenjie Tang, 2018. "Gender Composition and Group Confidence Judgment: The Perils of All-Male Groups," Management Science, INFORMS, vol. 64(12), pages 5877-5898, December.
  67. Reis, Silvia Araújo & Leal, José Eugenio, 2015. "A deterministic mathematical model to support temporal and spatial decisions of the soybean supply chain," Journal of Transport Geography, Elsevier, vol. 43(C), pages 48-58.
  68. Durbach, Ian N. & Stewart, Theodor J., 2012. "Modeling uncertainty in multi-criteria decision analysis," European Journal of Operational Research, Elsevier, vol. 223(1), pages 1-14.
  69. Zacharias Sautner & Martin Weber, 2009. "How Do Managers Behave In Stock Option Plans? Clinical Evidence From Exercise And Survey Data," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 32(2), pages 123-155, June.
  70. Merkle, Christoph, 2018. "The curious case of negative volatility," Journal of Financial Markets, Elsevier, vol. 40(C), pages 92-108.
  71. Merkle, Christoph & Weber, Martin, 2014. "Do investors put their money where their mouth is? Stock market expectations and investing behavior," Journal of Banking & Finance, Elsevier, vol. 46(C), pages 372-386.
  72. Wisse, Bram & Bedford, Tim & Quigley, John, 2008. "Expert judgement combination using moment methods," Reliability Engineering and System Safety, Elsevier, vol. 93(5), pages 675-686.
  73. Ali E. Abbas & David V. Budescu & Hsiu-Ting Yu & Ryan Haggerty, 2008. "A Comparison of Two Probability Encoding Methods: Fixed Probability vs. Fixed Variable Values," Decision Analysis, INFORMS, vol. 5(4), pages 190-202, December.
  74. Ignacio Rios & Andres Weintraub & Roger J.-B. Wets, 2016. "Building a stochastic programming model from scratch: a harvesting management example," Quantitative Finance, Taylor & Francis Journals, vol. 16(2), pages 189-199, February.
  75. A. Hernández-Bastida & M. P. Fernández-Sánchez, 2019. "How adding new information modifies the estimation of the mean and the variance in PERT: a maximum entropy distribution approach," Annals of Operations Research, Springer, vol. 274(1), pages 291-308, March.
  76. Saurabh Bansal & Genaro J. Gutierrez, 2020. "Estimating Uncertainties Using Judgmental Forecasts with Expert Heterogeneity," Operations Research, INFORMS, vol. 68(2), pages 363-380, March.
  77. Konstantin Pavlikov & Stan Uryasev, 2018. "CVaR distance between univariate probability distributions and approximation problems," Annals of Operations Research, Springer, vol. 262(1), pages 67-88, March.
  78. Durbach, Ian N. & Stewart, Theodor J., 2011. "An experimental study of the effect of uncertainty representation on decision making," European Journal of Operational Research, Elsevier, vol. 214(2), pages 380-392, October.
  79. Merkle, Christoph, 2017. "Financial overconfidence over time: Foresight, hindsight, and insight of investors," Journal of Banking & Finance, Elsevier, vol. 84(C), pages 68-87.
  80. Moors, J.J.A. & Schuld, M.H. & Mathijssen, A.C.A., 1995. "A new method for assessing judgmental distributions," Other publications TiSEM 7ad88666-4ed3-42bf-a563-d, Tilburg University, School of Economics and Management.
  81. Alen Nosić & Martin Weber, 2010. "How Riskily Do I Invest? The Role of Risk Attitudes, Risk Perceptions, and Overconfidence," Decision Analysis, INFORMS, vol. 7(3), pages 282-301, September.
  82. Soltani, Mohamad & Samorani, Michele & Kolfal, Bora, 2019. "Appointment scheduling with multiple providers and stochastic service times," European Journal of Operational Research, Elsevier, vol. 277(2), pages 667-683.
  83. Luis V. Montiel & J. Eric Bickel, 2012. "A Simulation-Based Approach to Decision Making with Partial Information," Decision Analysis, INFORMS, vol. 9(4), pages 329-347, December.
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