Search results for "Flexible"
showing 10 items of 138 documents
Swing options in commodity markets: a multidimensional Lévy diffusion model
2013
Author's version of an article in the journal: Mathematical Methods of Operations Research. Also available from the publisher at: http://dx.doi.org/10.1007/s00186-013-0452-7 We study valuation of swing options on commodity markets when the commodity prices are driven by multiple factors. The factors are modeled as diffusion processes driven by a multidimensional Lévy process. We set up a valuation model in terms of a dynamic programming problem where the option can be exercised continuously in time. Here, the number of swing rights is given by a total volume constraint. We analyze some general properties of the model and study the solution by analyzing the associated HJB-equation. Furthermo…
Privilege or tragedy? : Educators’ accounts of flexibly scheduled early childhood education and care
2017
This article explores accounts given by Finnish educators ( n = 31) on the topic of flexibly scheduled early childhood education and care (i.e. childcare provided during non-standard as well as standard hours). Previous research has shown this to be a sensitive topic because of the contradiction between what is deemed in the interests of children and the fact of providing childcare during non-standard hours. The research follows the principles of discursive psychology. Educators’ accounts were labelled as excusing, compensating, normalising and justifying. Accounts categorised as excusing and compensating shared concern over the effects of childcare during non-standard hours on children’s w…
Production of innovative, recycled and high-performance asphalt for road pavements
2010
Abstract The paper deals with a specific laboratory study aiming at perfectioning recycled asphalt with high mechanical performance, for surface and structural layers of flexible pavements. The aim of the research was to combine in the same material the maximum possible quantity of recycled asphalt (RA), coming from degraded asphalt layers, together with high structural performance of the recycled mixtures obtained (mainly stability, load spreading properties, rutting and fatigue resistance) that should not be lower, or possibly better than those offered by traditional asphalt mixture, made with virgin binder and aggregate. For this purpose, innovative recycled mixtures, close-graded and wi…
A problem-adjusted genetic algorithm for flexibility design
2013
Many present markets for goods and services have highly volatile demand due to short life cycles and strong competition in saturated environments. Determination of capacity levels is difficult because capacities often need to be set long before demand realizes. In order to avoid capacity-demand mismatches, operations managers employ mix-flexible resources which allow them to shift excess demands to unused capacities. The Flexibility Design Problem (FDP) models the decision on the optimal configuration of a flexible (manufacturing) network. FDP is a difficult stochastic optimization problem, for which traditional exact approaches are not able to solve but the smallest instances in reasonable…
Energy flexibility in Mediterranean buildings: a case-study in Sicily
2020
Since the building sector is responsible for 40% of the world’s electricity demand, it is essential to act on it in order to reduce emissions of climate change gases on a global scale, as expressed also in the latest directive on the energy performance of buildings. A design approach that focuses on the energy flexibility of buildings can contribute to the improvement of its energy-environmental performances. In this context, the objective of the study is the analysis of the energy performance of a residential building in Sicily and the definition of strategies aimed at increasing its energy flexibility. In particular, the case study is a 631 m2 single-family house, modeled and simulated in…
A bottom-up approach for the evaluation of the flexible quota of aggregated loads
2015
The paper presents a bottom-up approach for building the aggregated load profile of numerous passive/active users connected to the low voltage electrical system. The approach is based on the Monte Carlo method and on the knowledge of the single electric and thermal loads, generators and thermal and geometrical characteristics of the building of the single end-user. The method proposed is able to differentiate the quota of flexible and not flexible aggregate load.
A new quasi-static multi-degree of freedom tapered roller bearing model to accurately consider non-Hertzian contact pressures in time-domain simulati…
2014
The accuracy of the fatigue life calculations in rolling bearing simulations is highly dependent on the precision of the roller-raceway contact simulations and the ability to accurately include structural deflections of the supporting structure. Several different methods exist to simulate the pressure distributions, and in time-domain bearing simulations, where many contacts need evaluation, the simple and time efficient methods are more popular. These methods underestimate the fatigue life reduction due to roller end effects, overload and misalignments. Furthermore, existing time-domain rolling bearing models assume that the bearing rings remain circular, which can be a poor approximation…
Machining Economics in FMS by a Fuzzy Approach
1995
Abstract In a conventional manufacturing system, cutting parameters have to be fixed in order to pursue the economical and productive target related to each cutting operation. In a Flexible Manufacturing System (FMS), as a consequence of the unbalanced workload due to the mutual interaction among the shared resources, the optimization of each operation does not allow the optimum of the global production system to be reached. A fuzzy programming model is developed in this paper in order to select cutting speeds of the operations in the production plan as a satisfying compromise solution between single operation and the integrated system targets.
Influence of the Hourly Variation of Temperature on the Estimation of Fatigue Damage and Rutting in Flexible Pavement Design
2004
The work presented in this paper offers a contribution to understand to what extent different discretization modes for describing a whole day can affect the estimation of in-service durability of a flexible pavement, in relation with concomitant traffic flow fluctuations. Calculation of the stress–strain state was carried out with an elastic multi-layer model, and performance laws were implemented for verification of the major distress mechanisms that are able to affect the prediction of a flexible pavement’s service life. Results from the prediction of the fatigue life allow one to conclude that no big mistakes are made when evaluating the total damage by describing climatic conditions via…
Task scheduling control of BGA solder joint process in flexible manufacturing system
2006
This paper describes an open loop control method of the solder joint process in a rework station for faulty printed circuit board (PCBs) containing electronic components in packages ball grid arrays (BGAs). In particular, a mathematical model describing the solder joint process is, first of all, obtained. Then, the desired thermal profile of the junctions BGA-PCB is determined according to the physical constraints of the rework station framework. The control parameters corresponding to the above desired thermal profile are identified using the above mathematical model. Finally, the open loop control algorithm is implemented on the supervisor interface of the rework station in order to carri…