Question

Provide a detailed explanation of the concepts below, providing examples where appropriate.

2.   Upper and lower bounds on freight rates

Answer 1

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Upper and lower bound on freight rates:-

We analyze the expected value of the dry cargo market during the migration

Delivery on time through the vessel. Therefore we implement A model network with meaningful changes in the region that is great to travel time. Compare the geographical value of the choice to 3. The upper bound is based on accurate prediction, the lower bound is based on In terms of coins and good vision, it is only possible to make it clear. It connects muscle tissue and development.

This is the main goal It was to know the upper bounds of profit from the good shape of the ship.

The temporary upper mode takes full knowledge of the region's commodity prices. If it makes sense to continue to develop strategies based on incomplete price predictions, coercion is the first sign. Therefore, we have built a simple model for moving a good time. However, through time and time according to the uncertainty of travel time,

We cover the world in two parts, and the model is made in general for any number. In fact, we are with him

Perfect knowledge can achieve a profit of up to 15%.

It also expands the idea of ​​perfect knowledge so that it can only receive knowledge in a short (and short) time. The necessary another way to overcome the so-called horizon end problem. Therefore, we have introduced a new operating system. Learn to predict the best decisions made by the best prophecy department. Use only information from a remote field. Instead of taking a positive view of the tree, we explain the development of future properties. Unlike many others, it was used as an important part of this process is building things up.