Stochastic Integrals in Discounting Proactive Operations

Constantinos T. Artikis, Panagiotis T. Artikis

Abstract


Proactivity constitutes a structural factor of decision making in many practical disciplines. It is generally adopted that stochastic discounting models substantially contribute to the development and implementation of proactive operations. The paper concentrates on the formulation of a stochastic discounting model by incorporating a stochastic integral and a positive random variable. Moreover, the paper provides interpretation of the stochastic discounting model in proactive environments.


Keywords


Proactivity; Stochastic integral; Infinite divisibility; Discounting model

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References


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DOI: http://dx.doi.org/10.26713%2Fjims.v13i1.1511

eISSN 0975-5748; pISSN 0974-875X