Search results for "Allocation"

Empirical Analyses of Networks in Finance

2018

Abstract The recent global financial crisis has triggered a huge interest in the use of network concepts and network tools to better understand how instabilities can propagate through the financial system. The literature is today quite vast, covering both theoretical and empirical aspects. This review concentrates on empirical work, and associated methodologies, concerned with the evaluation of the fragility and resilience of financial and credit markets. The first part of the review examines the literature on systemic risk that arise from banks mutual exposures. These exposures stem primarily from interbank lending and derivative positions, but also, indirectly, from common holdings of oth…

Financing for quality : a new deal in Spanish higher education

1996

In recent years, higher education in Spain has undergone major legal and organizational changes. The number of students and the resources committed to higher education has also grown dramatically in the last decade. After this period of rapid changes, the Spanish Public Higher Education System (SPHES) is launching mechanisms to improve overall efficiency and quality. To meet these objectives, three programs are being carried out: first, a new organization of the teaching system, which aims to make the programs more flexible, varied, of shorter duration and more closely related to social needs; second, a program to assess the quality of university institutions; and, third, a new model to fin…

Interdependence between Green Financial Instruments and Major Conventional Assets: A Wavelet-Based Network Analysis

2021

This paper examines the interdependence between green financial instruments, represented by green bonds and green stocks, and a set of major conventional assets, such as Treasury, investment-grade and high-yield corporate bonds, general stocks, crude oil, and gold. To that end, a novel wavelet-based network approach that allows for assessing the degree of interconnection between green financial products and traditional asset classes across different investment horizons is applied. The empirical results show that green bonds are tightly linked to Treasury and investment-grade corporate bonds, while green stocks are strongly tied to general stocks, regardless of the specific time period and i…

Dynamic Asset Allocation Strategies Based on Unexpected Volatility

2013

In this paper we document that at the aggregate stock market level the unexpected volatility is negatively related to expected future returns and positively related to future volatility. We demonstrate how the predictive ability of unexpected volatility can be utilized in dynamic asset allocation strategies that deliver a substantial improvement in risk-adjusted performance as compared to traditional buy-and-hold strategies. In addition, we demonstrate that active strategies based on unexpected volatility outperform the popular active strategy with volatility target mechanism and have the edge over the widely reputed market timing strategy with 10-month simple moving average rule.

Germany: Where Are We Going?

2012

Germany’s health policy, in the past, has tried to limit health expenditures by defining an overall health budget, by installing a DRG-system and by forcing patients to participate directly at health costs by demanding copayments. These measurements were somehow effective in keeping premiums stable but have led to resource allocation at the bedside and therefore on an implicit level. Yet, implicit-level decisions create ethical dilemmas for physicians as they not only have to deliver best medical care but shall also have cost in mind, are unjust because rationing criteria differ from one case to another, and create a general fear of legal uncertainty, in turn leading to defensive medicine w…

Thermal stress affects patch time allocation by preventing forgetting in a parasitoid wasp

2015

Learning and memory allow animals to adjust their foraging strategies through experience. Despite the known impact of temperature on many aspects of the behavioral ecology of animals, memory retention in the face of realistic thermal stress has seldom been assessed. In the laboratory, we studied the behavioral expression of an egg parasitoid’s (Trissolcus basalis) memory when exposed to thermal stress that could be encountered in nature. We hypothesized that thermal stress would disrupt memory consolidation and/ or modify the optimality of memory retention, thus affecting patch time allocation strategies. Memory consolidation was resilient to 1 h of thermal stress following an unrewarded ex…

Maximizing network capacity in an heterogeneous macro-micro cellular scenario

2011

The problem of resource allocation in cellular networks has been traditionally faced at two different levels: at the network level, in terms of frequency planning and reuse pattern design, and at the cell level, in terms of cell capacity optimizations based on channel-dependent scheduling, link adaptation, power control, and so on. While this second aspect has been deeply investigated in literature, the first aspect has been mainly faced with static or semi-dynamic reuse utilization solutions. In this paper we deal with the problem of multi-cellular resource allocation in heterogeneous OFDMA environments with reuse factor equal to 1, where base stations with different power constraints coex…

Le système technologie, marché du travail et gestion de la main d'oeuvre : l'exemple de l'industrie électrique et électronique française au Brésil

1983

IEEE Access Special Section Editorial : Cloud and Big Data-Based Next-Generation Cognitive Radio Networks

2019

In cognitive radio networks (CRN), secondary users (SUs) are required to detect the presence of the licensed users, known as primary users (PUs), and to find spectrum holes for opportunistic spectrum access without causing harmful interference to PUs. However, due to complicated data processing, non-real-time information exchange and limited memory, SUs often suffer from imperfect sensing and unreliable spectrum access. Cloud computing can solve this problem by allowing the data to be stored and processed in a shared environment. Furthermore, the information from a massive number of SUs allows for more comprehensive information exchanges to assist the resource allocation and interference ma…

Joint Resource Allocation and UAV Scheduling With Ground Radio Station Sleeping

2021

Applications of Unmanned aerial vehicles (UAVs) have advanced rapidly in recent years. The UAVs are used for a variety of applications, including surveillance, disaster management, precision agriculture, weather forecasting, etc. In near future, the growing number of UAV applications would necessitate densification of UAV infrastructure (ground radio station (GRS) and ground control station (GCS)) at the expense of increased energy consumption for UAV communications. Maximizing the energy efficiency of this UAV infrastructure is important. Motivated by this, we propose joint resource allocation and UAV scheduling with GRS sleeping (GRSS). Further, we propose the use of coordinated multi-poi…