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As important as the classical approaches such as Akaike's AIC information and Bayesian BIC criterion in model-selection mechanism are, they have limitations. As an alternative, a novel modeling design encompasses a two-stage approach that integrates Fuzzy logic and Monte Carlo simulations (MCSs). In ...

The paper addresses the optimal bus stops allocation in the Laško municipality. The goal is to achieve a cost reduction by proper re-designing of a mandatory pupils' transportation to their schools. The proposed heuristic optimization algorithm relies on data clustering and Monte Carlo simulation. T ...

Forecasting is important in many branches of logistics, including the logistics related to Tourism supply chains. With an increasing inflow of American tourists, planning and forecasting the US tourists' inflow to Slovenia have gained far more importance attention amongst scholars and practitioners. ...

Improvements in battery technology make electric vehicles more and more suitable for the use as electricity storages. Many benefits could be achieved by using electric vehicles for storing electricity in their batteries. This paper talks about the idea of electric vehicles as electricity storages in ...