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This section of the Supported Intelligence LLC web site contains technical information, “white papers,” case studies, guides, and other information on the practical use and technical aspects of the Rapid Recursive® Toolbox. All documents are free to download and can be distributed in their entirety, provided the copyright notice is maintained on each document.

Please note that the opinions expressed in these documents are those of the authors, and are subject to revision or change without notice in the future. If you wish to excerpt the content of any of these documents, please properly cite it by author, title, and date.

 

List of technical papers:

The Value of a Controlling Interest in an Expropriated Oil & Gas Company: YPF SA

A Basic Job Search Model

Valuing Rental Properties Using a Recursive Model

Optimal Search For a Moving Target With Two-Way Path Constraints

Microeconomic Applications of the Rapid Recursive® Toolbox

Persistent Unemployment and Policy Uncertainty: Numerical Evidence from a New Approach

 


The Value of a Controlling Interest in an Expropriated Oil & Gas Company: YPF SA by Patrick L. Anderson, Mar 2013.

YPFresults

 

This technical paper presents an example of the use of different valuation methodologies when applied to the question of the value of the controlling interest that the Spanish firm Repsol held in the integrated oil & gas corporation YPF Sociedad Anonima until its expropriation by the Argentine national government in May 2012.

 

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A Basic Job Search Model by David Quach, March 2013.

Basic Job Search

This technical paper presents a basic model of job search. The model is analyzed to demonstrate the reservation wage property, where a worker will accept any wage offer above the reservation wage and will reject all other offers. The model is then solved numerically using the Rapid Recursive® Toolbox.

 

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Valuing Rental Properties Using a Recursive Model by David Quach, Apr 2013.

Valuing Rental Properties

 

 

This technical paper presents a “recursive method” approach to valuing rental properties. The recursive method is then used to calculate the value of an actual rental property in the state of Michigan in the United States. Data used in the valuation model is provided by the property’s owner.

 

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Optimal Search For a Moving Target With Two-Way Path Constraints by Jeff Johnson, Apr 2013.

Search for a Moving Target

 

 

This technical paper presents an application of a novel recursive method, using the Rapid Recursive® Toolbox, to quickly determine an optimal path in the search for a moving target.

 

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Microeconomic Applications of the Rapid Recursive® Toolbox by Jeff Johnson, June 2013.

Microeconomic Applications of the Rapid Recurive® Toolbox

 

This technical paper demonstrates the practical application of the Rapid Recursive® Toolbox to five classic sequential decision problems in Economics.

 

 

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Persistent Unemployment and Policy Uncertainty: Numerical Evidence from a New Approach

Patrick Anderson, our executive chairman, used the toolbox for his paper “Persistent Unemployment and Policy Uncertainty,” published in the January 2014 edition of Business Economics, for which he won the 2013 Edmund A. Mennis award from the National Association of Business Economics (NABE).

In the recovery from the United States’ 2009 recession, unemployment has proven resistant to both aggressive fiscal policy and expansionary monetary policy. A possible explanation is the policy cost uncertainty hypothesis. For this Patrick uses a novel “value functional” or “recursive” model of firm behavior, in which managers maximize the value of the business rather than its profits. Using this approach, he demonstrates that policy cost uncertainty affects the hiring decisions of firms, that the response to policy uncertainty is higher in some industries than others, and that the scale of the firm also affects its sensitivity to policy risk.

View in Business Economics

 

Interested in creating a recursive model, or learning more on the origins of these methods? Our Books and Other Resources page contains information on the the theory and intellectual history of these methods, which you may find helpful while getting started with the Rapid Recursive® Toolbox.

 

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