Search results for "Operations"
showing 10 items of 1692 documents
Impacts of COVID-19 and pandemic control measures on public transport ridership in European urban areas – The cases of Vienna, Innsbruck, Oslo, and A…
2021
The study uses the case of two regions with small and medium sized cities (Agder in Norway and the greater Innsbruck area in Austria) and two European capitals, Vienna and Oslo, to showcase the impact of the COVID-19 pandemic on public transport ridership in northern and central Europe. The comprehensive timeline of actions taken by governments and public transport providers in Austria and Norway, and their impact on public transport ridership in the first and second waves of the pandemic form the basis of a descriptive study. Comparing the data, a strong negative impact on the public transport patronage in the first wave of the pandemic was found, despite a comparable low number of cases p…
Risk Management for Sustainable Sovereign Debt Financing
2021
We model sovereign debt sustainability with optimal financing decisions under macroeconomic, financial, and fiscal uncertainty, with endogenous risk and term premia. Using a coherent risk measure we trade-off debt stock and flow risks subject to sustainability constraints. We optimize static and dynamic financing strategies and demonstrate economically significant savings from optimal financing compared with simple rules and consols, and find that optimizing the trade-offs can be critical for sustainability. The model quantifies minimum refinancing risk and maximum rate of debt reduction that a sovereign can achieve given its economic fundamentals, and an extension identifies optimal timing…
Suitability of the ASA Model in Nigeria
2010
This paper looks at the lending methodology adopted by ASA International in Nigeria and how the model is suited for operations within the Nigerian microfinance sector. It begins by examining the critical success factors that contribute towards ASA having a lean operations, how it manages operations efficiencies, and finally makes a set of recommendations that Nigerian Microfinance Institutions could adopt.
Supply chain modelling and analysis: an application of Latin square to a repeated coupling of non-linear differential equations
2011
In the last 50 years, Forrester’s system dynamics techniques have been adopted to analyse problems and find solutions for global supply chains. An important topic in production-inventory system modelling is the design of experiment. The aim of this paper is to present an application of a statistical technique of design of experiment, the Latin Square Design, to set a combination of input values for the initial-value problem of non-linear repeated coupling of first-order differential equations modelling a production-inventory system. This design permits to reduce the number of experiments while allowing statistical analysis for testing the significance of the studied parameters.
Portfolio diversification in the sovereign credit swap markets
2018
We develop models for portfolio diversification in the sovereign credit default swaps (CDS) markets and show that, despite literature findings that sovereign CDS spreads are affected by global factors, there is sufficient idiosyncratic risk to be diversified. However, we identify regime switching in the times series of CDS spreads and spread returns, and the optimal diversified strategies can be regime dependent. The developed models trade off the CVaR risk measure against expected return, consistently with the statistical properties of spreads. We consider three investment strategies suited for different CDS market participants: for investors with long positions, speculators that hold unco…
Simulation-based Evacuation Planning for Urban Areas
2021
Evacuation planning is a critical task in disaster management. Especially in situations such as natural disasters or terrorist attacks, large crowds need to move away from danger and reach designated safe zones. For this purpose, various approaches that efficiently compute evacuation plans in urban areas have been proposed. To evaluate the computed plans, previous works employ heuristics that can only roughly estimate the egress time of each plan. Intuitively, a much better approach is to estimate the egress time via simulation. However, designing a simulation model is usually a time-consuming task and, what is more, this model can only be used to evaluate evacuation plans for a specific ar…
A bibliometric review of cryptocurrencies as a financial asset
2021
Within a decade, cryptocurrencies have captured significant attention. After Bitcoin's emergence in 2008, new cryptocurrencies started to enter the financial market. We use bibliometric analysis to...
Complexity traits and synchrony of cryptocurrencies price dynamics
2021
AbstractIn this study, we characterized the dynamics and analyzed the degree of synchronization of the time series of daily closing prices and volumes in US$ of three cryptocurrencies, Bitcoin, Ethereum, and Litecoin, over the period September 1,2015–March 31, 2020. Time series were first mapped into a complex network by the horizontal visibility algorithm in order to revel the structure of their temporal characters and dynamics. Then, the synchrony of the time series was investigated to determine the possibility that the cryptocurrencies under study co-bubble simultaneously. Findings reveal similar complex structures for the three virtual currencies in terms of number and internal composit…
Towards an integrated approach to emergency management: interdisciplinary challenges for research and practice
2015
This article presents an interdisciplinary vision for large-scale integrated emergency management that has been inspired by the transition from platform centric to integrated operations in the oil and gas fields, which uses remote emergency control centres collaborating virtually with local responders. The article discusses some of the most salient research challenges for integrated emergency management, including the role of mobile technology, human-centred sensing, citizen participation and social media, and the socio-cultural determinants of disaster management. The purpose of this article is to frame an integrated emergency management approach that adopts a multi-disciplinary approach, …
Giménez Moreno, Rosa (ed.). (2010). Words for Working. Professional and Academic English for International Business and Economics
2011
Gimenez Moreno, Rosa (ed.). (2010). Words for Working. Professional and Academic English for International Business and Economics. Valencia. Universitat de Valencia (PUV). Coleccion: Educacio. Laboratori de Materials 28. Pages: 400. ISBN: 978-84-370- 7873-1 There are many ways in which one can sell and it is certainly one of the most important aspects of business to be able to place a product successfully in the market. From a creative and editorial point of view a telling title is similarly weighty and this book fulfils that premise: a hand-book whose very title calls the attention of the prospective reader/user by underlining its operative quality. Words to work with, operative language, …