Dmitri Blueschke, Viktoria Blueschke-Nikolaeva, Reinhard Neck
{"title":"Should fiscal policies be centralized in a monetary union? A dynamic game approach.","authors":"Dmitri Blueschke, Viktoria Blueschke-Nikolaeva, Reinhard Neck","doi":"10.1007/s10100-023-00846-4","DOIUrl":"10.1007/s10100-023-00846-4","url":null,"abstract":"<p><p>In this paper we analyze dynamic interactions in a monetary union with three fiscal players (the governments of the countries concerned) and a common central bank in the presence of exogenous shocks. The model is calibrated for the euro area and includes a fiscally more solid core block denoted as country 1 as well as a fiscally less solid periphery block represented by countries 2 and 3. Introducing two periphery countries allows us to capture different attitudes of the periphery countries towards the goal of sustainable fiscal performance. Moreover, different coalition scenarios are modelled in this study including a fiscal union, a coalition of periphery countries and a coalition of fiscal-stability oriented countries. The exogenous shocks are calibrated in such a way as to describe the last major crises in the euro area, namely the financial crisis, the European sovereign debt crisis, the Covid-19 crisis, and the Ukraine war (energy price) crisis. Using the OPTGAME algorithm we calculate a cooperative Pareto and non-cooperative feedback Nash equilibrium solutions for the modelled scenarios. The fully cooperative solution yields the best results. The different non-cooperative scenarios allow insights into the underlying trade-off between economic growth, price stability and fiscal stability.</p>","PeriodicalId":9689,"journal":{"name":"Central European Journal of Operations Research","volume":" ","pages":"1-20"},"PeriodicalIF":1.7,"publicationDate":"2023-03-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10010968/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"9680220","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Buffered-ranking intervals for virtual profit efficiency analysis","authors":"Yongqiao Wang, He Ni, S. Uryasev","doi":"10.1007/s10100-023-00847-3","DOIUrl":"https://doi.org/10.1007/s10100-023-00847-3","url":null,"abstract":"","PeriodicalId":9689,"journal":{"name":"Central European Journal of Operations Research","volume":"31 1","pages":"1149 - 1181"},"PeriodicalIF":1.7,"publicationDate":"2023-03-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45350691","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Darío Blanco-Fernández, Stephan Leitner, Alexandra Rausch
{"title":"Interactions between the individual and the group level in organizations: The case of learning and group turnover","authors":"Darío Blanco-Fernández, Stephan Leitner, Alexandra Rausch","doi":"10.1007/s10100-023-00843-7","DOIUrl":"https://doi.org/10.1007/s10100-023-00843-7","url":null,"abstract":"","PeriodicalId":9689,"journal":{"name":"Central European Journal of Operations Research","volume":"31 1","pages":"1087 - 1128"},"PeriodicalIF":1.7,"publicationDate":"2023-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43692112","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Vectors of indicators and pointer function in the Multistage Bipolar Method","authors":"T. Trzaskalik","doi":"10.1007/s10100-022-00833-1","DOIUrl":"https://doi.org/10.1007/s10100-022-00833-1","url":null,"abstract":"","PeriodicalId":9689,"journal":{"name":"Central European Journal of Operations Research","volume":"31 1","pages":"791 - 816"},"PeriodicalIF":1.7,"publicationDate":"2023-03-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42557438","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Hungarian insurance market structure: an empirical analysis","authors":"Veronika Varga, Zoltán Madari","doi":"10.1007/s10100-023-00842-8","DOIUrl":"https://doi.org/10.1007/s10100-023-00842-8","url":null,"abstract":"","PeriodicalId":9689,"journal":{"name":"Central European Journal of Operations Research","volume":"31 1","pages":"927 - 940"},"PeriodicalIF":1.7,"publicationDate":"2023-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48279266","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"On the 2-rainbow independent domination numbers of some graphs","authors":"Boštjan Gabrovšek, A. Peperko, J. Žerovnik","doi":"10.1007/s10100-023-00840-w","DOIUrl":"https://doi.org/10.1007/s10100-023-00840-w","url":null,"abstract":"","PeriodicalId":9689,"journal":{"name":"Central European Journal of Operations Research","volume":"31 1","pages":"817 - 831"},"PeriodicalIF":1.7,"publicationDate":"2023-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47485743","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Éva Orbán-Mihálykó, Csaba Mihálykó, László Gyarmati
{"title":"Evaluating the capacity of paired comparison methods to aggregate rankings of separate groups.","authors":"Éva Orbán-Mihálykó, Csaba Mihálykó, László Gyarmati","doi":"10.1007/s10100-023-00839-3","DOIUrl":"10.1007/s10100-023-00839-3","url":null,"abstract":"<p><p>Ranking and rating methods have outstanding significance in sports, mainly due to their capacity to predict results. In this paper we turn to their capacity to aggregate separate groups' rankings based on a small piece of information. We investigate under which conditions two or more separate groups can be trustworthily interwoven applying Thurstone motivated methods and an AHP based method. A theorem is proved which guarantees adequate unified ranking based on some links between the groups. We also analyse the robustness of the results.</p>","PeriodicalId":9689,"journal":{"name":"Central European Journal of Operations Research","volume":" ","pages":"1-21"},"PeriodicalIF":1.7,"publicationDate":"2023-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9924872/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"10766721","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Interval transportation problem: feasibility, optimality and the worst optimal value","authors":"Elif Garajov'a, M. Rada","doi":"10.1007/s10100-023-00841-9","DOIUrl":"https://doi.org/10.1007/s10100-023-00841-9","url":null,"abstract":"","PeriodicalId":9689,"journal":{"name":"Central European Journal of Operations Research","volume":"31 1","pages":"769 - 790"},"PeriodicalIF":1.7,"publicationDate":"2023-01-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43759736","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Georgi Angelov, Raimund Kovacevic, Nikolaos I Stilianakis, Vladimir M Veliov
{"title":"Optimal vaccination strategies using a distributed model applied to COVID-19.","authors":"Georgi Angelov, Raimund Kovacevic, Nikolaos I Stilianakis, Vladimir M Veliov","doi":"10.1007/s10100-022-00819-z","DOIUrl":"https://doi.org/10.1007/s10100-022-00819-z","url":null,"abstract":"<p><p>Optimal distribution of vaccines to achieve high population immunity levels is a desirable aim in infectious disease epidemiology. A distributed optimal control epidemiological model that accounts for vaccination was developed and applied to the case of the COVID-19 pandemic. The model proposed here is nonstandard and takes into account the heterogeneity of the infected sub-population with respect to the time since infection, which is essential in the case of COVID-19. Based on the epidemiological characteristics of COVID-19 we analyze several vaccination scenarios and an optimal vaccination policy. In particular we consider random vaccination over the whole population and the prioritization of age groups such as the elderly and compare the effects with the optimal solution. Numerical results of the model show that random vaccination is efficient in reducing the overall number of infected individuals. Prioritization of the elderly leads to lower mortality though. The optimal strategy in terms of total deaths is early prioritization of those groups having the highest contact rates.</p>","PeriodicalId":9689,"journal":{"name":"Central European Journal of Operations Research","volume":"31 2","pages":"499-521"},"PeriodicalIF":1.7,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9461439/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"9155908","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Marcin Suder, Tomasz Wójtowicz, Rafał Kusa, Henryk Gurgul
{"title":"Challenges for ATM management in times of market variability caused by the COVID-19 pandemic crisi.","authors":"Marcin Suder, Tomasz Wójtowicz, Rafał Kusa, Henryk Gurgul","doi":"10.1007/s10100-022-00816-2","DOIUrl":"https://doi.org/10.1007/s10100-022-00816-2","url":null,"abstract":"<p><p>One of the most important issues related to the management of an Automatic Teller Machine (ATM) network is the correct forecasting of the demand for cash. Typically, this demand, expressed as the value or number of ATM withdrawals, has some regularities that can be used to evaluate future values for these variables. However, forecasting becomes a challenge when a crisis occurs that could affect the behavior of ATM users. In this context, it is important to identify how the development of the crisis and the various information concerning it may affect people's attitudes to cash. This study aims to examine the impact of the COVID-19 pandemic on the behavior of ATM customers. On the basis of daily data from 81 ATMs, we analyze the changes in the value and number of withdrawals just before and during the COVID-19 pandemic in Poland. An event study analysis allows us to determine precisely the moments in which changes in user behavior took place. This means that it is also possible to examine the reaction of ATM users to the announcement and implementation of the pandemic restrictions, and to determine the factors that had an impact on the change in people's attitude to cash. Such a study is also important from a sociological point of view, as it enables one to understand people's reactions to the emerging crisis. Hence, its results may be useful not only for managers of ATM networks, but also for various authorities and policy makers.</p>","PeriodicalId":9689,"journal":{"name":"Central European Journal of Operations Research","volume":"31 2","pages":"445-465"},"PeriodicalIF":1.7,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9648898/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"9212527","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}