Hong Min Park & Je Gill
Bayesian Methods: A
Social and Behavioral
Sciences Approach,
ANSWER KEY
SECOND EDITION
- odd numbers only -
CRC PRESS
Boca Raton
Ann Arbor
London
Tokyo
Contents
1 Background and Introduction
1
2 Specifying Bayesian Models
7
3 The N

CHAPTER 15: INVENTORY MODELS
Outline
Deterministic models
The Economic Order Quantity (EOQ) model
Sensitivity analysis
A price-break Model
Probabilistic Inventory models
Single-period inventory models
A fixed order quantity model
A fixed time peri

Energy Conservation (Bernoullis Equation)
Recall Eulers equation:
dp
VdV gdz 0
Also recall that viscous forces were neglected, i.e. flow is invisicd
If one integrates Eulers eqn. along a streamline, between two points , &
2
dp 2
VdV gdz 0
1
1
1
2
We get

Lab Exercise: Java Programming using Inheritance
Lab Objectives
In this lab, you will practice Java programming using inheritance.
Problem Description
1) Design First: Consider the math concepts Quadrilateral, Trapezoid, Parallelogram, Rectangle and
Squar

Problem Set 2
Monte Carlo Methods for Option Pricing
This homework consists of three questions, each carrying equal
marks. Your code will be graded by a Python script which
compares your result against the baseline result. It is therefore
important that

EXAMPLE 2.2-1: Temperature Distribution in a 2-D Fin
In Section 1.6 the constant cross-section, straight fin shown in Figure 1 was analyzed under the
assumption that it could be treated as an extended surface (i.e., temperature gradients in the y
directio

A. The proportion of adults living in a small town who are college graduates is estimated to be p=.4. To
test this hypothesis, a random sample of 30 adults is selected. If the number of college graduates in our
sample is anywhere from 7 to 17, we will acc

The price of a product is assumed to be a function of the inventory y; high inventory results in
a lower price. If the inventory is small, then fewer products are sold and the price is relatively
high. However, the small inventory and the corresponding hi

How to solve inventory models
Hint: We only consider probabilistic inventory model. The demand is not known. Demand
characteristics such as mean, standard deviation and the distribution of demand may be known.
In a single-period model, the items unsold at