Proactive decisions and stochastic discounting models in risk treatment operations
*Constantinos T. ArtikisCorresponding authorctartikis@gmail.comDepartment of Tourism Faculty of Economic Sciences Ionian UniversityDepartment of Tourism Faculty of Economic Sciences Ionian University Corfu, 49132, Greece0000-0003-2987-4898View full profile → , Panagiotis T. Artikisptartikis@gmail.comDepartment of Accounting & Finance School of Management, Economic and Social Sciences University of West AtticaDepartment of Accounting & Finance School of Management, Economic & Social Sciences University of West Attica Egaleo, Athens, 12244, Greece0000-0002-8301-3485View full profile →
* Corresponding author · click or hover a name for details
- Published Online:
- 30 Nov 2024
- Article type:
- Research Article
- Language:
- EN
- Article no.:
- JIM-1859
- Pages:
- 1505–1515
Abstract
Keywords
Subject Classifications
References
[1] A. Allawee and Z. Y. Thanoon, “Markovian modeling of match results with an application,” J. Interdiscip. Math., vol. 25, no. 8, pp. 2671-2677 (2022), doi: 10.1080/09720502.2022.2069342.
[2] T. P. Artikis and A. G. Malliaris, “Discounting certain random sums,” Scand. Actuarial J., vol. 1, pp. 34-38 (1990), doi: 10.1080/03461238.1990.10413871.
[3] C. T. Artikis, “Formulation and applications in strategic decision making of the maximum of a random number of discounted random cash flows,” J. Stat. Manage. Syst., vol. 17, no. 5-6, pp. 529-538 (2014), doi: 10.1080/09720510.2014.903704.
[4] P. T. Artikis, “Discrete stochastic models and global information risk treatment operations in strategic processes,” J. Discrete Math. Sci. Cryptogr., vol. 20, no. 2, pp. 477-491 (2017), doi: 10.1080/09720529.2016.1139860.
[5] P. T. Artikis, “Stochastic modeling of global risk severity,” J. Stat. Manage. Syst., vol. 21, no. 8, pp. 1401-1405 (2018), doi: 10.1080/09720510.2018.1541072.
[6] T. P. Artikis and A. Voudouri, “A stochastic integral arising in discounting continuous cash flows and certain transformed characteristic functions,” Appl. Math. Lett., vol. 13, no. 4, pp. 87-90 (2000), doi: 10.1016/S0893-9659(99)00214-1.
[7] C. T. Artikis and P. T. Artikis, “Stochastic integrals and random sums of power contractions in systemics,” J. Inform. Math. Sci., vol. 13, no. 2, pp. 97-103 (2021), doi: 10.26713/jims.v13i2.1607.
[8] P. T. Artikis and C. T. Artikis, Random Contractions in Global Risk Governance, Learning and Analytics in Intelligent Systems, Springer, Switzerland (2022), doi: 10.1007/978-3-030-95691-2.
[9] V. Bhatnagar and R. C. Poonia, “Design of prototype model for irrigation-based decision support system,” J. Inform. Optim. Sci., vol. 39, no. 7, pp. 1607-1612 (2018), doi: 10.1080/02522667.2018.1507763.
[10] Y. C. Chou, P. L. Chang, and M. G. Huang, “An inventory model for slow moving spare parts of semiconductor equipment,” J. Stat. Manage. Syst., vol. 6, no. 2, pp. 193-205 (2003), doi: 10.1080/09720510.2003.10701078.
[11] M. Crowe, M. Fitzgerald, D. L. Remington, and J. Rychtář, “On deterministic and stochastic models of kleptoparasitism,” J. Interdiscip. Math., vol. 12, no. 4, pp. 367-378 (2009), doi: 10.1080/09720502.2009.10700620.
[12] R. Das, J. Mishra, S. Mishra, and P. K. Pattnaik, “Design of mathematical model for the prediction of rainfall,” J. Interdiscip. Math., vol. 25, no. 3, pp. 587-613 (2022), doi: 10.1080/09720502.2021.2016853.
[13] A. K. Dubey and V. Jain, “Automatic facial recognition using VGG16 based transfer learning model,” J. Inform. Optim. Sci., vol. 41, no. 7, pp. 1589-1596 (2020), doi: 10.1080/02522667.2020.1809126.
[14] S. Felix and S. Sashikala, “Supply chain risk management in retail industry: A systematic review,” J. Finance, Bus. Manage. Stud., vol. 2, no. 1, pp. 73-79 (2022), doi: 10.26713/jfbms.v2i1.2182.
[15] I. Harrison, “Ruin problems with compounding assets,” Stochastic Processes Their Appl., vol. 5, pp. 67-79 (1977), doi: 10.1016/0304-4149(77)90051-5.
[16] J. Hu and Q. Hu, “A symmetric linearized alternating direction method of multipliers for a class of stochastic optimization problems,” J. Syst. Sci. Inf., vol. 11, no. 1, pp. 58-77 (2023), doi: 10.21078/JSSI-2023-058-20.
[17] J. Ye, L. Liu, and T. Jiang, “Analysis of a single-server queue with disasters and repairs under Bernoulli vacation schedule,” J. Syst. Sci. Inf., vol. 4, no. 6, pp. 547-559 (2016), doi: 10.21078/JSSI-2016-547-13.
[18] C. Klüppelberg and T. Mikosch, “Large deviations of heavy-tailed random sums with applications in insurance and finance,” J. Appl. Probab., vol. 34, no. 2, pp. 293-308 (1997), doi: 10.2307/3215371.
[19] S. A. Ladoucette and J. Teugels, “Limit distributions for the ratio of the random sum of squares to the square of the random sum with applications to risk measures,” Publ. Inst. Math., vol. 80, pp. 219-240 (2006), doi: 10.2298/PIM0694219L.
[20] M. K. Kelimu and J. Xia, “Analysis of the impact of inventory shortages on the supply chain,” J. Syst. Sci. Inf., vol. 11, no. 3, pp. 390-404 (2023), doi: 10.21078/JSSIE2022065.
[21] E. Lukacs, “Characterization of stable processes,” J. Appl. Probab., vol. 6, pp. 409-419 (1969), doi: 10.2307/3212010.
[22] E. Lukacs, Characteristic Functions, Hafner, New York, 1970, ISBN 978-0852641705.
[23] M. Pinsky and S. Karlin, An Introduction to Stochastic Modeling, Oxford Academic Press (2011), doi: 10.1016/C2009-1-61171-0.
[24] M. S. Rahman, “A stochastic simulated first-order Markov chain model for daily rainfall at Barind, Bangladesh,” J. Interdiscip. Math., vol. 2, no. 1, pp. 7-32 (1999), doi: 10.1080/09720502.1999.10700255.
[25] M. Riedel, “Characterization of stable processes by identically distributed stochastic integrals,” Adv. Appl. Probab., vol. 12, no. 3, pp. 689-709 (1980), doi: 10.2307/1426427.
[26] R. Sasikumar, “An enhanced application of Brownian motion to mathematical finance in stochastic modeling,” J. Interdiscip. Math., vol. 14, no. 4, pp. 471-481 (2011), doi: 10.1080/09720502.2011.10700765.
[27] J. K. Sethi and M. Mittal, “A new feature selection method based on machine learning technique for air quality dataset,” J. Stat. Manage. Syst., vol. 22, no. 4, pp. 697-705 (2019), doi: 10.1080/09720510.2019.1609726.
[28] N. Sharma, R. Singh, and R. Pathak, “Modeling of media impact with stability analysis and optimal solution of SEIRS epidemic model,” J. Interdiscip. Math., vol. 22, no. 7, pp. 1123-1156 (2019), doi: 10.1080/09720502.2019.1706839.
[29] V. Singh, R. C. Poonia, S. Kumar, P. Dass, P. Agarwal, V. Bhatnagar, and L. Raja, “Prediction of COVID-19 coronavirus pandemic based on time series data using Support Vector Machine,” J. Discrete Math. Sci. Cryptogr., vol. 23, no. 8, pp. 1583-1597 (2020), doi: 10.1080/09720529.2020.1784535.
[30] F. Steutel and K. van Harn, Infinite Divisibility of Probability Distributions on the Real Line, New York: Marcel Dekker Inc. (2004), doi: 10.1201/9780203014127.
[31] L. Sun, “A new robust optimization model for the vehicle routing problem with stochastic demands,” J. Interdiscip. Math., vol. 17, no. 3, pp. 287-309 (2014), doi: 10.1080/09720502.2014.914284.
[32] B. Wahlstrom, “Models, modelling and modellers: an application to risk analysis,” Eur. J. Oper. Res., vol. 75, no. 3, pp. 477-487 (1994), doi: 10.1016/0377-2217(94)90290-9.
[33] Y. L. Wu, Y. H. Tao, and P. C. Yang, “The use of unified theory of acceptance and use of technology to confer the behavioral model of 3G mobile telecommunication users,” J. Stat. Manage. Syst., vol. 11, no. 5, pp. 919-949 (2008), doi: 10.1080/09720510.2008.10701351.
[34] H. K. Yadav, Y. Pal, and M. M. Tripathi, “A novel GA-ANFIS hybrid model for short-term solar PV power forecasting in the Indian electricity market,” J. Inform. Optim. Sci., vol. 40, no. 2, pp. 377-395 (2019), doi: 10.1080/02522667.2019.1580880.
[35] C. Yang and J. Xu, “Potential characteristics of supervisory board, company asset scale, and irregularity of listed companies: Empirical analysis based on Heckman two-stage model,” J. Syst. Sci. Inf., vol. 11, no. 2, pp. 179-203 (2023), doi: 10.21078/JSSI-2023-179-25.
