On interval estimation of the coefficient of variation for the three-parameter Weibull, lognormal and gamma distribution: a simulation-based approach

Article Abstract:

The coefficient of variation (CV) of a population is useful in determining the risk premiums on corporate bonds and price competition in life insurance apart from other areas like precision of measurements and risk analysis in stocks. A simulation based Bayesian method that helps in estimation of CV of Weibull distribution, l ognormal distribution and gamma distribution is presented. The usage of Markov chain and Monte Carlo methods for the purpose of calculating CV is also discussed.

Hong Kong, Markov processes, Monte Carlo method, Monte Carlo methods, Variational principles

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Persistence in sequences of football match results: a Monte Carlo analysis

Article Abstract:

Simulation of football match results to test extent of persistence of these results by using Monte Carlo analysis is described.

New Zealand, Football, Football records

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A simulation study of despatch bay performance in the steel processing industry

Article Abstract:

The methods to improve productivity of despatch bay of steel industry with relation to supply chain management are presented.

General services, Management dynamics, Blast furnaces and steel mills, Management, Steel industry, Company business management, Logistics, Supply chains

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