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Open Access
Article
Publication date: 17 August 2020

Slavcho Shtrakov

In this paper we study a class of complexity measures, induced by a new data structure for representing k-valued functions (operations), called minor decision diagram. When…

Abstract

In this paper we study a class of complexity measures, induced by a new data structure for representing k-valued functions (operations), called minor decision diagram. When assigning values to some variables in a function the resulting functions are called subfunctions, and when identifying some variables the resulting functions are called minors. The sets of essential variables in subfunctions of f are called separable in f.

We examine the maximal separable subsets of variables and their conjugates, introduced in the paper, proving that each such set has at least one conjugate. The essential arity gap gap(f) of the function f is the minimal number of essential variables in f which become fictive when identifying distinct essential variables in f. We also investigate separable sets of variables in functions with non-trivial arity gap. This allows us to solve several important algebraic, computational and combinatorial problems about the finite-valued functions.

Details

Applied Computing and Informatics, vol. 17 no. 1
Type: Research Article
ISSN: 2634-1964

Keywords

Open Access
Article
Publication date: 25 July 2019

Juliana Padilha Leitzke and Hubert Zangl

This paper aims to present an approach based on electrical impedance tomography spectroscopy (EITS) for the determination of water and ice fraction in low-power applications such…

930

Abstract

Purpose

This paper aims to present an approach based on electrical impedance tomography spectroscopy (EITS) for the determination of water and ice fraction in low-power applications such as autarkic wireless sensors, which require a low computational complexity reconstruction approach and a low number of electrodes. This paper also investigates how the electrode design can affect the reconstruction results in tomography.

Design/methodology/approach

EITS is performed by using a non-iterative method called optimal first order approximation. In addition to that, a planar electrode geometry is used instead of the traditional circular electrode geometry. Such a structure allows the system to identify materials placed on the region above the sensor, which do not need to be confined in a pipe. For the optimization, the mean squared error (MSE) between the reference images and the obtained reconstructed images was calculated.

Findings

The authors demonstrate that even with a low number of four electrodes and a low complexity reconstruction algorithm, a reasonable reconstruction of water and ice fractions is possible. Furthermore, it is shown that an optimal distribution of the sensor electrodes can help to reduce the MSE without any costs in terms of computational complexity or power consumption.

Originality/value

This paper shows through simulations that the reconstruction of ice and water mixtures is possible and that the electrode design is a topic of great importance, as they can significantly affect the reconstruction results.

Details

COMPEL - The international journal for computation and mathematics in electrical and electronic engineering , vol. 38 no. 5
Type: Research Article
ISSN: 0332-1649

Keywords

Open Access
Article
Publication date: 26 June 2019

Christophe Schinckus

The term “agent-based modelling” (ABM) is a buzzword which is widely used in the scientific literature even though it refers to a variety of methodologies implemented in different…

4604

Abstract

Purpose

The term “agent-based modelling” (ABM) is a buzzword which is widely used in the scientific literature even though it refers to a variety of methodologies implemented in different disciplinary contexts. The numerous works dealing with ABM require a clarification to better understand the lines of thinking paved by this approach in economics. All modelling tasks are a means and a source of knowledge, and this epistemic function can vary depending on the methodology. this paper is to present four major ways (deductive, abductive, metaphorical and phenomenological) of implementing an agent-based framework to describe economic systems. ABM generates numerous debates in economics and opens the room for epistemological questions about the micro-foundations of macroeconomics; before dealing with this issue, the purpose of this paper is to identify the kind of ABM the author can find in economics.

Design/methodology/approach

The profusion of works dealing with ABM requires a clarification to understand better the lines of thinking paved by this approach in economics. This paper offers a conceptual classification outlining the major trends of ABM in economics.

Findings

There are four categories of ABM in economics.

Originality/value

This paper suggests a methodological categorization of ABM works in economics.

Details

Journal of Asian Business and Economic Studies, vol. 26 no. 2
Type: Research Article
ISSN: 2515-964X

Keywords

Open Access
Article
Publication date: 6 June 2018

Christophe Schinckus and Cinla Akdere

How a micro-founded discipline such as economics could deal with the increasing global economic reality? This question has been asked frequently since the last economic crisis…

3358

Abstract

Purpose

How a micro-founded discipline such as economics could deal with the increasing global economic reality? This question has been asked frequently since the last economic crisis that appeared in 2008. In this challenging context, some commentators have turned their attention to a new area of knowledge coming from physics: econophysics which mainly focuses on a macro-analysis of economic systems. By showing that concepts used by econophysicists are consistent with an existing economic knowledge (developed by J.S. Mill), the purpose of this paper is to claim that an interdisciplinary perspective is possible between these two communities.

Design/methodology/approach

The authors propose a historical and conceptual analysis of the key concept of emergence to emphasize the potential bridge between econophysics and economics.

Findings

Six methodological arguments will be developed in order to show the existence of conceptual bridges as a necessary condition for the elaboration of a common language between economists and econophysics which would not be superfluous, in this challenging context, to clarify the growing complexity of economic phenomena.

Originality/value

Although the economics and econophysics study same the complex economic phenomena, very few collaborations exist between them. This paper paves a conceptual/methodological path for more collaboration between the two fields.

Details

Journal of Asian Business and Economic Studies, vol. 25 no. 1
Type: Research Article
ISSN: 2515-964X

Keywords

Content available
Book part
Publication date: 21 September 2018

Abstract

Details

Behavioral Strategy in Perspective
Type: Book
ISBN: 978-1-78756-348-3

Open Access
Article
Publication date: 27 April 2023

Carlos Alexander Grajales and Santiago Medina Hurtado

This paper measures different market risk impacts on options portfolios under the new Fundamental Review of the Trading Book (FRTB) regulation, issued in Basel and coming into…

1576

Abstract

Purpose

This paper measures different market risk impacts on options portfolios under the new Fundamental Review of the Trading Book (FRTB) regulation, issued in Basel and coming into effect in 2023.

Design/methodology/approach

This paper first suggests an algorithm for implementing the FRTB standardised approach via the sensitivities-based method to estimate a portfolio's risk capital and presents an illustration applied to an option position. Second, it proposes a methodology to estimate the expected shortfall in options portfolios from the FRTB internal models approach. In this regard, an application is developed to measure expected shortfall (ES) and value at risk (VaR) impacts under FRTB versus conventional VaR in a currency option position by considering stress scenarios from the 2007–9 and 2020–1 crises and back-testing procedures.

Findings

The suggested algorithm satisfactorily captures impacts via the sensitivities-based method, and higher risk capital demands are expected for emerging economies. Also, the planned FRTB methodology to measure ES and VaR is appropriate; in particular, historical metrics perform well. Astonishingly, their revealed impacts are more significant under the 2020–1 pandemic crisis than the 2007–9 financial crisis.

Originality/value

The proposals developed weave a communication bridge between the standardised and internal approaches of FRTB regulation, which can be scaled up technologically and institutionally.

Details

Journal of Economics, Finance and Administrative Science, vol. 28 no. 55
Type: Research Article
ISSN: 2218-0648

Keywords

Open Access
Article
Publication date: 13 July 2021

Taehyon Choi and Shinae Park

The purpose of this article is to provide an overview of agent-based modeling as an alternative method for public administration research. It is focused on encouraging public…

1745

Abstract

Purpose

The purpose of this article is to provide an overview of agent-based modeling as an alternative method for public administration research. It is focused on encouraging public administration scholars to come to better understanding of the method.

Design/methodology/approach

This article performed a comprehensive review of methodological issues relative to agent-based modeling.

Findings

After reviewing the current research themes in public administration and the methodological nature of agent-based modeling, we found that agent-based modeling can help researchers to advance theories by means of sophisticated thought experiment which is not possible by formal modeling and verbal reasoning. We also pointed out that agent-based modeling does not substitute empirical research, but can add much value through being part of a mixed-method and multidisciplinary research.

Practical implications

We suggested that interested researchers may need to take a strategic approach in developing and describing a pertinent model and reporting its results.

Originality/value

Agent-based modeling has rarely been used in public administration research. The article provides an introductory overview for researchers not familiar with ABM and suggests to the academic community future venues that would unfold from agent-based modeling.

Details

International Journal of Public Sector Management, vol. 34 no. 6
Type: Research Article
ISSN: 0951-3558

Keywords

Open Access
Article
Publication date: 14 January 2020

Antonio Armillotta

This paper aims to investigate the feasibility of adding macro-textures to triangle meshes for additive manufacturing (AM) focusing on possible time and quality issues in both…

Abstract

Purpose

This paper aims to investigate the feasibility of adding macro-textures to triangle meshes for additive manufacturing (AM) focusing on possible time and quality issues in both software processing and part fabrication.

Design/methodology/approach

A demonstrative software tool was developed to apply user-selected textures to existing meshes. The computational procedure is a three-dimensional extension of the solid texturing method used in computer graphics. The tool was tested for speed and quality of results, considering also the pre- and post-processing operations required. Some textured meshes were printed by different processes to test build speed and quality.

Findings

The tool can handle models with realistic complexity in acceptable computation times. Parts are built without difficulties or extra-costs achieving a good aesthetic yield of the texture.

Research limitations/implications

The tool cannot reproduce sample patterns but requires the development of a generation algorithm for different type of textures. Mesh processing operations may take a long time when very fine textures are added to large parts.

Practical implications

Direct texturing can help obtain parts with aesthetic or functional textures without the need for surface post-treatments, which can be especially difficult and expensive for plastic parts.

Originality/value

The proposed method improves the uniformity and consistency of textures compared to existing approaches, and can support future systematic studies on the detail resolution of AM processes.

Open Access
Article
Publication date: 17 May 2022

M'hamed Bilal Abidine, Mourad Oussalah, Belkacem Fergani and Hakim Lounis

Mobile phone-based human activity recognition (HAR) consists of inferring user’s activity type from the analysis of the inertial mobile sensor data. This paper aims to mainly…

Abstract

Purpose

Mobile phone-based human activity recognition (HAR) consists of inferring user’s activity type from the analysis of the inertial mobile sensor data. This paper aims to mainly introduce a new classification approach called adaptive k-nearest neighbors (AKNN) for intelligent HAR using smartphone inertial sensors with a potential real-time implementation on smartphone platform.

Design/methodology/approach

The proposed method puts forward several modification on AKNN baseline by using kernel discriminant analysis for feature reduction and hybridizing weighted support vector machines and KNN to tackle imbalanced class data set.

Findings

Extensive experiments on a five large scale daily activity recognition data set have been performed to demonstrate the effectiveness of the method in terms of error rate, recall, precision, F1-score and computational/memory resources, with several comparison with state-of-the art methods and other hybridization modes. The results showed that the proposed method can achieve more than 50% improvement in error rate metric and up to 5.6% in F1-score. The training phase is also shown to be reduced by a factor of six compared to baseline, which provides solid assets for smartphone implementation.

Practical implications

This work builds a bridge to already growing work in machine learning related to learning with small data set. Besides, the availability of systems that are able to perform on flight activity recognition on smartphone will have a significant impact in the field of pervasive health care, supporting a variety of practical applications such as elderly care, ambient assisted living and remote monitoring.

Originality/value

The purpose of this study is to build and test an accurate offline model by using only a compact training data that can reduce the computational and memory complexity of the system. This provides grounds for developing new innovative hybridization modes in the context of daily activity recognition and smartphone-based implementation. This study demonstrates that the new AKNN is able to classify the data without any training step because it does not use any model for fitting and only uses memory resources to store the corresponding support vectors.

Details

Sensor Review, vol. 42 no. 4
Type: Research Article
ISSN: 0260-2288

Keywords

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