Are property prices non-linear? An investigation of the behaviour of US REITs and UK property company shares

Linear models of market performance may be misspecified if the market is subdivided into distinct regimes exhibiting different behaviour. Price movements in the US Real Estate Investment Trusts and UK Property Companies Markets are explored using a Threshold Autoregressive (TAR) model with regimes defined by the real rate of interest. In both US and UK markets, distinctive behaviour emerges, with the TAR model offering better predictive power than a more conventional linear autoregressive model. The research points to the possibility of developing trading rules to exploit the systematically different behaviour across regimes.

Multi-choice mixed integer goal programming optimization for real problems in a sugar and ethanol milling company

Goal Programming (GP) is an important analytical approach devised to solve many realworld problems. The first GP model is known as Weighted Goal Programming (WGP). However, Multi-Choice Aspirations Level (MCAL) problems cannot be solved by current GP techniques. In this paper, we propose a Multi-Choice Mixed Integer Goal Programming model (MCMI-GP) for the aggregate production planning of a Brazilian sugar and ethanol milling company. The MC-MIGP model was based on traditional selection and process methods for the design of lots, representing the production system of sugar, alcohol, molasses and derivatives. The research covers decisions on the agricultural and cutting stages, sugarcane loading and transportation by suppliers and, especially, energy cogeneration decisions; that is, the choice of production process, including storage stages and distribution. The MCMIGP allows decision-makers to set multiple aspiration levels for their problems in which the more/higher, the better and the less/lower, the better in the aspiration levels are addressed. An application of the proposed model for real problems in a Brazilian sugar and ethanol mill was conducted; producing interesting results that are herein reported and commented upon. Also, it was made a comparison between MCMI GP and WGP models using these real cases. © 2013 Elsevier Inc.

The charter of the Albany and Greenbush Bridge Company : and a statement of its claims on the public interest in connection with the Boston, Hoosac Tunnel and Albany Railroad.

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Tried and true recipes. The home cook book compiled from recipes contributed by the ladies of East Orange, Orange, New-York, Philadelphia and other cities and towns.

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Lectures delivered to the employes of the Baltimore and Ohio Railroad Company,

Brooks, W.K. On some methods of locomotion in animals.--Martin, H.N. How skulls and backbones are built.--Sedgwick, W.T. On fermentation.--Sewall, H. How we move.

Annual report - Louisville and Nashville Railroad Company and subsidiaries.

v. 29-65, report year ends June 30; v. 66-1971, report year ends Dec. 31.

Address of Daniel Willard, president, the Baltimore and Ohio Railroad Company, delivered before the National Association of Manufacturers, New York City, May 19, 1920.

Caption title: The future of the railroads.

The Eastern and Western Transportation Company : to the members of the 43rd Congress of the United States of America : the Senate bill no. 1,350, now before you, solves the vexed question, "cheap international transportation."

Signed on p. 20: Winborn Lawton, J.L. Pearce, David Maybank, E.H. Prioleau, and others.

Report to the President by the Emergency Board appointed January 14, 1948 pursuant to section 10 of the Railway labor act, as amended, to investigate unadjusted disputes between the Chicago, North Shore and Milwaukee Railway Company and certain of its employees represented by International Union of Amalgamated Association of Street Electric Railway and Motor Coach Employees of America, a labor organization.

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Regulation S-X under the securities act of 1933 : securities exchange act of 1934, and the investment company act of 1940 : form and content of financial statements, as amended to and including April, 1947.

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Regulation S-X under the securities act of 1933 : securities exchange act of 1934, the public utilities holding company act of 1935 and the investment company act of 1940 : form and content of financial statements, as amended to and including March 12, 1951.

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The management oversight and risk tree-MORT : including systems developed by the Idaho Operations Office and Aerojet Nuclear Company,

"February 12, 1973."

Intensive farming and use of dynamite : issued by the Buffalo, Rochester and Pittsburgh railway company, July, 1911.

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