A model of a packet radio network in which transmitters with range R are distributed
according to a two-dimensional Poisson point process with density D is examined. To ensure …

In this paper we derive an approximation for the mean response time of a multiple queue
system in which shortest queue routing is used. We assume there are Κ identical queues with …

Chernoff's bound on P[X ⩾ t] is used almost universally when a tight bound on tail probabilities
is required. In this article we show that for all positive t and for all distributions, the …

In this paper we derive an approximation for the mean respone time of a multiple queue
system in which shortest queue routing is used. We assume there are K identical queues with …

A number of studies have documented the relationship between valuation ratios and the
long-horizon return to equities. A simple analytic expression for the expected return and fair …

A two-stage stock valuation model derived from Wilcox’s (1984) P/B-ROE approach is shown
to be a surprisingly effective tool for a broad variety of uses, including the explanation of …

Domestic tactical asset allocation (TAA) gained popularity during the 1980s and 1990s as
an important strategy for pension funds. By the end of 1994, institutional investors had …

These modifications (which include weighting past earnings by revenues instead of CPI,
replacing a simple 10-year average with a robust averaging procedure, and using revenues …

Investors who are invested in (or bear responsibility for) many active portfolios face a resource
allocation problem: To which products should they direct their attention and scrutiny? …

Professor Robert Shiller’s cyclically adjusted price/earnings ratio (CAPE) has proven to be a
powerful descriptor, as well as a useful predictor, of long-term equity returns in the United …