Search results for "Bust"
showing 10 items of 1000 documents
Copolymerization of VDF and HFP in Supercritical Carbon Dioxide: A Robust Approach for Modeling Precipitation and Dispersion Kinetics
2012
A kinetic model is developed for the heterogeneous free-radical copolymerization of vinylidene fluoride and hexafluoropropylene in supercritical CO 2. The model accounts for polymerization in both the dispersed (polymer-rich) phase and in the continuous (polymer-free) supercritical phase, for radical interphase transport, diffusion limitations, and chain-length-dependent termination in the polymer-rich phase. A parameter evaluation strategy is developed and detailed to estimate most of the kinetic parameters a priori while minimizing their evaluation by direct fitting. The resulting model predictions compare favorably with the experimental results of conversion and MWD at varying monomer fe…
Control of Production-Distribution Systems under Discrete Disturbances and Control Actions
2011
This paper deals with the robust control and optimization of production-distribution systems. The model used in our problem formulation is a general network flow model that describes production, logistics, and transportation applications. The novelty in our formulation is in the discrete nature of the control and disturbance inputs. We highlight three main contributions: First, we derive a necessary and sufficient condition for the existence of robustly control invariant hyperboxes. Second, we show that a stricter version of the same condition is sufficient for global convergence to an invariant set. Third, for the scalar case, we show that these results parallel existing results in the set…
On the classification of dynamical data streams using novel “Anti-Bayesian” techniques
2018
Abstract The classification of dynamical data streams is among the most complex problems encountered in classification. This is, firstly, because the distribution of the data streams is non-stationary, and it changes without any prior “warning”. Secondly, the manner in which it changes is also unknown. Thirdly, and more interestingly, the model operates with the assumption that the correct classes of previously-classified patterns become available at a juncture after their appearance. This paper pioneers the use of unreported novel schemes that can classify such dynamical data streams by invoking the recently-introduced “Anti-Bayesian” (AB) techniques. Contrary to the Bayesian paradigm, tha…
Dynamic scheduling of periodic skippable tasks in an overloaded real-time system
2008
International audience; The need for supporting dynamic real-time environments where changes in workloads may occur requires a scheduling framework that explicitly addresses overload conditions, allows the system to achieve graceful degradation and supports a mechanism capable of determining the load to be shed from the system to handle the overload. In applications ranging from video reception to air-craft control, tasks enter periodically and have response time constraints, but missing a deadline is acceptable, provided most deadlines are met. Such tasks are said to be occasionally skippable and have an assigned skip parameter. We look at the problem of uniprocessor scheduling of skippabl…
Spillovers from the oil sector to the housing market cycle
2017
We assess the spillovers from the oil sector to the housing market cycle using quarterly data for 20 net oil-exporting and -importing industrial countries, and employing continuous- and discrete-time duration models. We do not uncover a statistically significant difference in the average duration of booms and normal times in the housing markets of those net oil-importers and net oil-exporters. Similarly, the degree of exposure to commodity price fluctuations does not seem to significantly affect the housing market cycle. However, we find that housing booms are shorter when oil prices increase than housing busts when oil prices decrease. We also show that the net oil-importers are more vulne…
Centralised or decentralised banking supervision? Evidence from European banks
2021
Abstract This paper analyses the impact of the Banking Union on European bank credit risk. Specifically, we investigate the effect that the establishment of the Single Supervisory Mechanism has had on the credit risk of the banks it supervises in comparison to financial institutions that are still supervised by National Supervisory Authorities. We analyse a sample of 746 European banks over the period 2011–2018, by means of a difference-in-differences methodology. We provide empirical evidence that Single Supervisory Mechanism supervised banks reduced credit risk exposure compared to banks supervised by National Supervisory Authorities, suggesting that the Banking Union has successfully red…
Booms and busts in housing markets: determinants and implications
2009
This study looks at real estate price booms and busts in industrialised countries. It identifies major and persistent deviations from long term trends for 18 countries and estimates the probabilities of their occurrence using a Random Effects Panel Probit model over the period 1980-2007. It finds that 1) most recent housing booms have been very persistent and of a significant magnitude; 2) there appears to be a strong correlation between the persistence and magnitude of booms and subsequent busts; 3) economic costs (in terms of GDP losses during the post-boom phase) depend significantly on the magnitude and duration of the boom and money and credit developments during that period; 4) a numb…
An empirical test of marginal productivity theory
2014
We explore an hitherto unused approach to testing marginal productivity theory. Our method rests on the simple idea that, under the assumption of a linear homogeneous production function, residual profits are informative about the discrepancies between factor payments and marginal products. Our empirical application using data on manufacturing plants in Chile suggest moderate deviations from marginal productivity theory which depend on firm size.
Development of net energy ratio and emission factor for quad-generation pathways
2014
Published version of an article in the journal: Energy Systems. Also available from the publisher at: http://dx.doi.org/10.1007/s12667-014-0126-4 The conversion of biomass to four different outputs via gasification is a renewable technology that could reduce the use of fossil fuels and greenhouse gas (GHG) emissions. This study investigates the energy aspects for a new concept of biomass based quad-generation plant producing power, heat, methanol and methane. Circulating fluidized bed gasifier and the gas technology institute (GTI) gasifier technologies are used for this quad-generation process. Two different biomass feedstocks are considered in this study. The net energy ratio for six diff…
Economic value, competition and financial distress in the european banking system
2012
Abstract In this paper we examine the impact of a large number of factors at the bank level (liquidity and credit risks, asset size, income diversification and market power), at the industry level (banking concentration) and macro-level (real GDP growth) on bank financial distress using an unbalanced panel of 308 European commercial banks between 1996 and 2009. The observations falling below a given threshold of the empirical distribution of the Shareholder Value Ratio proxy bank financial distress. We employ a panel probit regression and, given the presence of overlapping data giving rise to residual autocorrelation, we use the Bertschek and Lechner (1998) robust estimator of the covarianc…