Geopolitical Risks and Movements in Islamic Bond and Equity Markets: A Note

This study applies a non-parametric causality-in-quantiles test to examine the causal effect of geopolitical risks on return and volatility dynamics of Islamic equity and bond markets. Geopolitical risks are generally found to impact Islamic equity market volatility measures, rather than returns. However, geopolitical risks tend to predict both returns and volatility measures of Islamic bonds. Interestingly, causality, when it exists for returns and/or volatility of Islamic equities and bonds, is found to hold over entire conditional distributions of returns and volatilities, barring the extreme ends of the same.     

Server scheduling on parallel dedicated machines with fixed job sequences

We consider server scheduling on parallel dedicated machines to minimize the makespan. Each job has a loading operation and a processing operation. The loading operation requires a server that serves all the jobs. Each machine has a given set of jobs to process, and the processing sequence is known and fixed. We design a polynomial‐time algorithm to solve the two‐machine case of the problem. When the number of machines is arbitrary, the problem becomes strongly NP‐hard even if all the jobs have the same processing length or all the loading operations require a unit time. We design two heuristic algorithms to treat the case where all the loading times are unit and analyze their performance.     

On the set of (perfect) equilibria of a bimatrix game

This article provides a new approach to the set of (perfect) equilibria. With the help of an equivalence relation on the strategy space of each player. Nash sets and Selten sets are introduced. The number of these sets is finite and each of these sets is a polytope. As a consequence the set of (perfect) equilibria is a finite union of polytopes. © 1994 John Wiley & Sons. Inc.     

Scheduling about a large common due date with tolerance to minimize mean absolute deviation of completion times

In this article the problem of minimizing the mean absolute deviation (MAD) of job completion times about an unrestricted given common due date with tolerance in the n-job, single-machine scheduling environment is considered. We describe some optimality conditions and show that the unrestricted version of the MAD problem with an arbitrary due date tolerance is polynomial by proposing a polynomial-time algorithm for identifying an optimal schedule. © 1994 John Wiley & Sons, Inc.     

Cost analysis and extension of a simple maintenance-scheduling heuristic

Practitioners of maintenance scheduling sometimes use a simple analytic formula, derived based on inspection scheduling, as a heuristic to determine the length of the preventive maintenance period. The sensitivity of this heuristic solution is analyzed and the cost penalties are calculated compared to the exact solution that utilizes the lifetime distribution in the derivation of the optimal preventive maintenance period. A simple extension of the heuristic is suggested to improve the approximation with a slightly increased computational effort. The sensitivity and cost analysis of the improved heuristic are discussed as well. © 1994 John Wiley & Sons, Inc.     

On testing for decreasing mean residual life ordering

We consider the problem of testing for the decreasing mean residual life ordering introduced in Kochar and Wiens [14]. We treat both the one-sample and two-sample problems. The limiting distributions of the proposed test statistics are derived. © 1993 John Wiley & Sons, Inc.     

A computationally efficient approach for determining inventory levels in a capacitated multiechelon production‐distribution system

The system under study is a single item, two‐echelon production‐inventory system consisting of a capacitated production facility, a central warehouse, and M regional distribution centers that satisfy stochastic demand. Our objective is to determine a system base‐stock level which minimizes the long run average system cost per period. Central to the approach are (1) an inventory allocation model and associated convex cost function designed to allocate a given amount of system inventory across locations, and (2) a characterization of the amount of available system inventory using the inventory shortfall random variable. An exact model must consider the possibility that inventories may be imbalanced in a given period. By assuming inventory imbalances cannot occur, we develop an approximation model from which we obtain a lower bound on the per period expected cost. Through an extensive simulation study, we analyze the quality of our approximation, which on average performed within 0.50% of the lower bound. © 2000 John Wiley & Sons, Inc. Naval Research Logistics 47: 377–398, 2000     

Leaderless Global Jihadism: The Paradox of Discriminate Violence

Jihadist violence is typically associated with being particularly indiscriminate. Often, as in variations of the ‘new terrorism’ thesis, this characteristic is proposed to correspond in some way to its other attributes such as its globalised, decentralised and ‘postmodern’ religious nature. Recent work appears to give more substance to such claims, by claiming to show a relationship between indiscriminate violence and decentralised group organisation. However, in this paper we show, based on an analysis of jihadist targeting in Western Europe and America from 2001 to 2013, that targeting choices by jihadists unconnected to organised militant groups have in fact been consistently more, rather than less discriminate in their targeting choices than their better-integrated peers. Drawing on this finding, as well as a broader reading of jihadist targeting discourses, we argue for a more complex understanding of the relationship between radicalisation, extremist ideology, decentralisation, and targeting choice.