Search results for "stochastic"

How Does the Public Spending Affect Technical Efficiency? Some Evidence from 15 European Countries

2019

The relationship between government size and economic growth has been widely debated. Departing from this issue, we provide an empirical analysis of the impact of government size on technical efficiency. The aim of this paper is to estimate by using a True Random Effect model the impact of public sector’s size and of public expenditure components on 15 European countries’ technical efficiency from 1996 to 2011. Using the total public expenditure as a proxy for the government size we estimate simultaneously national optimal production function and technical efficiency model by controlling for income distribution and institutional quality. Our main findings show that the effect of public sect…

Interdependence Between Tool Fracture and Wear

1985

Wear and fracture are the main causes of tool scrapping. However fracture plays a major role for increasing values of the hardness and brittleness of tool materials or when low-cobalt tungsten carbides are used or in interrupted cutting conditions where it is the most relevant factor for tool scrapping. In order to obtain the optimal values of the cutting speed both these factors should be considered. The hypothesis of stochastic independence among them simplifies the mathematical formulation of the optimization problem; but experimental investigations do not agree with this assumption and, as a matter of fact, the probability density function of tool fracture results to be dependent on the…

A stochastic integral of operator-valued functions.

2009

A stochastic integral of operator-valued functions.

On Malliavin calculus and approximation of stochastic integrals for Lévy processes

2012

Random attractors for stochastic lattice systems with non-Lipschitz non-linearity

2012

In this paper we study the asymptotic behaviour of solutions of a first-order stochastic lattice dynamical system with an additive noise. We do not assume any Lipschitz condition on the nonlinear term, just a continuity assumption together with growth and dissipative conditions, so that uniqueness of the Cauchy problem fails to be true. Using the theory of multi-valued random dynamical systems we prove the existence of a random compact global attractor.

A subtle error in conventional stochastic linearization techniques

1998

Abstract The stochastic linearization technique as applied to the SDOF system is re-examined. Two standard procedures associated with the stochastic linearization, widely adopted in the literature, are shown to be erroneous. Two new procedures to correct the errors made in previous works are introduced. To gain more insight, the procedures are applied to the quintic oscillator. Comparative numerical analysis is performed.

Spatio-temporal behaviour of the deep chlorophyll maximum in Mediterranean Sea: Development of a stochastic model for picophytoplankton dynamics

2013

In this paper, by using a stochastic reaction-diffusion-taxis model, we analyze the picophytoplankton dynamics in the basin of the Mediterranean Sea, characterized by poorly mixed waters. The model includes intraspecific competition of picophytoplankton for light and nutrients. The multiplicative noise sources present in the model account for random fluctuations of environmental variables. Phytoplankton distributions obtained from the model show a good agreement with experimental data sampled in two different sites of the Sicily Channel. The results could be extended to analyze data collected in different sites of the Mediterranean Sea and to devise predictive models for phytoplankton dynam…

A non-homogeneous Poisson based model for daily rainfall data

2007

In this paper we report some results of the application of a new stochastic model applied to rainfall daily data. The Poisson models, characterized only by the expected rate of events (impulse occurrences, that is the mean number of impulses per unit time) and the assigned probability distribution of the phenomenon magnitude, do not take into consideration the datum regarding the duration of the occurrences, that is fundamental from a hydrological point of view. In order to describe the phenomenon in a way more adherent to its physical nature, we propose a new model simple and manageable. This model takes into account another random variable, representing the duration of the rainfall due to…

Optimization and Multicriteria Evaluation of District Heat Production and Storage

2019

Climate change mitigation policy requires reducing dependence on fossil fuels and transition to low carbon energy production in district heating (DH). We study here inclusion of two kinds of renewable energy to a CHP based DH system in Finland: solar heat and ground source heat. In addition, we apply heat storages to balance the gap between production and fluctuating demand. The optimal operation of the extended systems is determined by a simulation and optimization model to minimize the operating costs. We evaluate the different possible extensions in terms of multiple economic, technical and environmental criteria using Stochastic Multicriteria Acceptability Analysis (SMAA). The results s…

A stochastic method for robustness analysis in sorting problems

2009

ELECTRE TRI is a multiple criteria decision aiding sorting method with a history of successful real-life applications. In ELECTRE TRI, values for certain parameters have to be provided. We propose a new method, SMAA-TRI, that is based on stochastic multicriteria acceptability analysis (SMAA), for analyzing the stability of such parameters. The stability analysis can be used for deriving robust conclusions. SMAA-TRI allows ELECTRE TRI to be used with uncertain, arbitrarily distributed values for weights, the lambda cutting level, and profiles. The method consists of analyzing finite spaces of arbitrarily distributed parameter values. Monte Carlo simulation is applied in this in order to desc…