Showing papers by "Indian Institute of Management Calcutta published in 1994"
TL;DR: In this article, the moments of a NBWUE family of life distributions were derived for weak and moderate convergence conditions, and the equivalence of weak convergence and moment convergence was established under mild conditions.
26 citations
Proceedings Article•
05 Oct 1994TL;DR: Experimental tests show that if the node-generation time is high, ITS can provide significant savings in both number of node generations and running time, and the experimental results suggest that in the average case both IDA* and ITS are asymptotically optimal on the traveling salesman problem.
Abstract: This paper describes a new admissible tree search algorithm called Iterative Threshold Search (ITS). ITS can be viewed as a much-simplified version of MA* [1], and a generalized version of MREC [12]. We also present the following results:
1. Every node generated by ITS is also generated by IDA*, even if ITS is given no more memory than IDA*. In addition, there are trees on which ITS generates O(N) nodes in comparison to O(N log N) nodes generated by IDA*, where N is the number of nodes eligible for generation by A*.
2. Experimental tests show that if the node-generation time is high (as in most practical problems), ITS can provide significant savings in both number of node generations and running time. Our experimental results also suggest that in the average case both IDA* and ITS are asymptotically optimal on the traveling salesman problem. not common enough
19 citations
TL;DR: In this paper, a structuralist macroeconomic model is proposed to explain the movement of wages in the manufacturing sector in India for the period 1960-86, where the changing strength, structure and activities of unions are considered explicitly.
Abstract: The purpose of this article is to explain the movement of wages in the manufacturing sector in India for the period 1960–86. A ‘structuralist’ macroeconomic model is advanced where the changing strength, structure and activities of unions are considered explicitly. The objective is to disentangle the effects of factors specific to the bargaining process from the effects of overall economic development. We consider two available wage series and we make a priori assumptions regarding the nature of both the labour and product markets associated with these series. Our econometric results support our characterisations and we show that the effects of both union related variables and overall macroeconomic variables differ across the two wage series.
13 citations
TL;DR: In this article, the adjusted likelihood ratio (ALR) test is shown to have the same power properties as the conditional likelihood ratio test up to the third order of comparison, and an optimum property of the ALR test in terms of second-order local maximinity follows.
Abstract: SUMMARY Under contiguous alternatives the adjusted likelihood ratio (ALR) test is seen to have the same power properties as the conditional likelihood ratio test up to the third order of comparison. In particular, an optimum property of the ALR test in terms of second-order local maximinity follows. It is also seen that the ALR statistic admits a Bartlett-type adjustment.
11 citations
4 citations
TL;DR: In this paper, the authors proposed a method of valuation called Shareholder Value Analysis (SVA), which is more appropriate and consistent with the private shareholders perspective than conventional techniques and provided a numerical illustration and the advantages of the SVA model set out.
4 citations
TL;DR: In this article, the existence and construction of regular, single-replicate, two-factor designs with specified numbers of degrees of freedom confounded from each factorial space is investigated.
1 citations
TL;DR: In this article, it is shown that the first theorem may be refuted in a framework of general equilibrium with Keynesian features, and that the model of the economy should be estimated first to derive action parameters and performance criteria for stabilizing the economy.
Abstract: The monetary approach to the balance of payments has, in essence, two theorems: (i) The foreign assets of the central bank are negatively related to its domestic assets; (ii) the excess supply of money causes, and is equivalent to, the trade deficit. This paper tests these theorems for India using OLS, 2SLS, and co-integration, error-correction modelling. The IMF-supported adjustment programs are based upon the monetary approach to the balance of payments. It is shown that the first theorem may be refuted in a framework of general equilibrium with Keynesian features. Hence, it is concluded that the model of the economy should be estimated first in order to derive action parameters and performance criteria for stabilizing the economy.