Search results for "Industrial production"
showing 10 items of 26 documents
Prospects for the microbial production of food flavours
1996
The microbial production of natural flavours has been extensively studied during the past decade, and some processes are currently being exploited commercially. However, in the case of flavour compounds such as lactones and some aromatic compounds, the lack of basic information on their metabolism, as well as their high toxicity, are two main barriers to industrial production. The development of novel and cheap production processes, such as solid-state fermentation, may help overcome some of the current limitations of microbial flavour production, as well as widening the spectrum of biotechnologically accessible compounds.
Ornacitrus: Citrus plants (Citrus spp.) as ornamentals
2019
Abstract The industrial production of citrus plants for ornamental use (ornacitrus) began in Italy at the end of the 1960s due to the need for many citrus nurseries to adapt their activities in a time of crisis for citriculture. Nowadays, the ornamental citrus nursery sector is a well-established industry in many European countries such as Portugal, Spain, Greece, and southern Italy. In Italy, nursery production of ornamental citrus plants has become prominent due to the gradual shutdown of many commercial citrus orchards. Currently, Italy maintains its leadership with more than 5.5 million ornacitrus plants produced annually. Ornamental citrus production regards mainly different cultivars …
Optimization Model to Extend Existing Production Planning and Control Systems for the Use of Additive Manufacturing Technologies in the Industrial Pr…
2018
Abstract The use of additive manufacturing technologies for industrial production is constantly growing. This technology differs from the known production procedures. The areas of scheduling, detailed and sequence planning are particularly important for additive production due to the long print times and flexible use of the production area. Therefore, production-relevant variables are considered and used for the production planning and control (PPC) of additive manufacturing machines. For this purpose, an optimization model is presented which shows a time-oriented build space utilization. In the implementation, a nesting algorithm is used to check the combinability of different models for e…
The organization of the defense support system: an economic geography perspective
2017
In the context of restricted budgetary resources and the growing cost of maintenance, repair, and overhaul (MRO) activities, a major issue for modern armed forces is to sustain defense platforms. A possible method consists of realizing economies of scale through the concentration of maintenance activities, which involves the spatial reorganization of existing industrial sites dedicated to MRO. This article provides a formalized framework to discuss the optimal organization for the MRO of defense platforms in space. The public planner organizes the maintenance of defense platforms with only two possible spatial configurations. In the dispersed configuration, two industrial production units i…
Application of modern computer algebra systems in food formulations and development: A case study
2017
Abstract Background Nutritional security determines the level of public health within a population while inadequate nutrition is one of the major factors in development of various health problems. This can be alleviated with sufficient and affordable access to currently available or newly designed nutritious foods. Scope and approach Formulation of new foods can be very costly, so methods able to lower design expanses are of utmost importance to the industry. Hence, the purpose of this work was to rationalize utilization of modern computerized algebraic systems (CAS) in solving traditional problems for formulating food mixtures by food combinatoric principles (FCP). Key findings and conclus…
U.S. stock prices and macroeconomic fundamentals: Fresh evidence using the quantile ARDL approach
2020
This paper explores the long‐run relationship and the associated short‐run dynamics between the U.S. stock market and three major macroeconomic fundamentals, namely the U.S. industrial production index, the U.S. 10‐year Treasury bond yield and the West Texas Intermediate oil price, for the time period covering 1985–2015. The quantile autoregressive distributed lag (QARDL) model presented by Cho et al. (2015) Journal of Econometrics, 188, 281–300, which combines the autoregressive distributed lag model of Pesaran and Shin (1998), Cambridge University Press, and Pesaran et al. (2001) Journal of Applied Econometrics, 16, 289–326, and the quantile regression methodology of Koenker and Bassett (…
Are business cycles asymmetric? Some European evidence
1997
Economic thought has ofien regal'ded business cycles as asymmetric. This papel' examines the existence of asymmetries over the business cycle in three European countries: France, Germany and the United Kingdom. To analyze this issue, industrial production in these countries from 1957 to 1994 is examined, and quarterly contractions and expansions in this variable are compared. The results obtained with both parametric and nonparametric methods allow the existence of asymmetries in these countries to be questioned. El pensamiento económico ha considerado frecuentemente que los ciclos económicos son de naturaleza asimétrica. Este trabajo examina la existencia de asimetrías en los ciclos económ…
Leading indicator properties of US high-yield credit spreads.
2010
Abstract In this paper we examine the out-of-sample forecast performance of high-yield credit spreads for real-time and revised data regarding employment and industrial production in the US. We evaluate models using both a point forecast and a probability forecast exercise. Our main findings suggest that the best results come from using only a few factors obtained by pooling information from a number of sector-specific high-yield credit spreads. In particular, for employment and at short-run horizons, there is a gain from using a principal components model fitted to high-yield credit spreads compared to the prediction produced by benchmarks. Moreover, forecast results based on revised data …
Two Great Banking Crises and Their Economic Impact Compared: Spain 1976/1977 and 2008
2017
The 1976/1977 crisis was the most severe in Spanish history, but the losses associated with the 2008 crisis are huge. This paper compares these two great banking crises and identifies the main parallels and differences between them. Is the current crisis as severe as that of 1976? What is the impact on the banking and financial sectors? We show that the 1976 crisis is being surpassed by the 2008 crisis in terms of the decline in GDP, industrial production and unemployment, and that these two events have had at least a similar impact in terms of output gap and output loss. Finally, the financial impact measured by different financial indicators confirms the greater severity of the 2008 crisi…
Environmental performance: an index number approach
2004
Abstract Tyteca [J. Environ. Manage. 46 (1996) 281] reviews the literature on environmental performance indicators. In that paper he calls for an index that simultaneously accounts for resources used, good outputs produced and pollutants or undesirable outputs emitted. Here, we provide a formal index number of environmental performance which can be computed using data envelopment analysis (DEA) techniques. The implicit benchmark is that of finding the highest ratio of good to bad outputs. Our environmental performance index is constructed from distance functions which implies that it satisfies a number of desirable properties. Since the component distance functions require only information …