A Monte Carlo study into time aggregation in continuous and discrete-time hazard models.

F. ter Hofstede, M. Wedel

Research output: Book/ReportBookAcademic

Abstract

This paper introduces a general, formal treatment of dynamic constraints, i.e., constraints on the state changes that are allowed in a given state space. Such dynamic constraints can be seen as representations of "real world" constraints in a managerial context. The notions of transition, reversible and irreversible transition, and transition relation will be introduced. The link with Kripke models (for modal logics) is also made explicit. Several (subtle) examples of dynamic constraints will be given. Some important classes of dynamic constraints in a database context will be identified, e.g. various forms of cumulativity, non-decreasing values, constraints on initial and final values, life cycles, changing life cycles, and transition and constant dependencies. Several properties of these dependencies will be treated. For instance, it turns out that functional dependencies can be considered as "degenerated" transition dependencies. Also, the distinction between primary keys and alternate keys is reexamined, from a dynamic point of view.
Original languageEnglish
Place of PublicationWageningen
PublisherWageningen Agricultural University
Number of pages36
Publication statusPublished - 1996

Publication series

NameWageningen Economic Papers
No.3
ISSN (Print)0924-106X

Fingerprint Dive into the research topics of 'A Monte Carlo study into time aggregation in continuous and discrete-time hazard models.'. Together they form a unique fingerprint.

  • Cite this

    ter Hofstede, F., & Wedel, M. (1996). A Monte Carlo study into time aggregation in continuous and discrete-time hazard models. (Wageningen Economic Papers; No. 3). Wageningen Agricultural University. https://edepot.wur.nl/213709