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Book part
Publication date: 22 November 2012

Denis Tkachenko and Zhongjun Qu

The chapter considers parameter identification, estimation, and model diagnostics in medium scale DSGE models from a frequency domain perspective using the framework developed in…

Abstract

The chapter considers parameter identification, estimation, and model diagnostics in medium scale DSGE models from a frequency domain perspective using the framework developed in Qu and Tkachenko (2012). The analysis uses Smets and Wouters (2007) as an illustrative example, motivated by the fact that it has become a workhorse model in the DSGE literature. For identification, in addition to checking parameter identifiability, we derive the non-identification curve to depict parameter values that yield observational equivalence, revealing which and how many parameters need to be fixed to achieve local identification. For estimation and inference, we contrast estimates obtained using the full spectrum with those using only the business cycle frequencies to find notably different parameter values and impulse response functions. A further comparison between the nonparametrically estimated and model implied spectra suggests that the business cycle based method delivers better estimates of the features that the model is intended to capture. Overall, the results suggest that the frequency domain based approach, in part due to its ability to handle subsets of frequencies, constitutes a flexible framework for studying medium scale DSGE models.

Details

DSGE Models in Macroeconomics: Estimation, Evaluation, and New Developments
Type: Book
ISBN: 978-1-78190-305-6

Keywords

Book part
Publication date: 13 December 2013

Claudia Foroni, Eric Ghysels and Massimiliano Marcellino

The development of models for variables sampled at different frequencies has attracted substantial interest in the recent literature. In this article, we discuss classical and…

Abstract

The development of models for variables sampled at different frequencies has attracted substantial interest in the recent literature. In this article, we discuss classical and Bayesian methods of estimating mixed-frequency VARs, and use them for forecasting and structural analysis. We also compare mixed-frequency VARs with other approaches to handling mixed-frequency data.

Details

VAR Models in Macroeconomics – New Developments and Applications: Essays in Honor of Christopher A. Sims
Type: Book
ISBN: 978-1-78190-752-8

Keywords

Article
Publication date: 26 December 2023

Mukul Anand, Debashis Chatterjee and Swapan Kumar Goswami

The purpose of this study is to obtain the optimal frequency for low-frequency transmission lines while minimizing losses and maintaining the voltage stability of low-frequency

Abstract

Purpose

The purpose of this study is to obtain the optimal frequency for low-frequency transmission lines while minimizing losses and maintaining the voltage stability of low-frequency systems. This study also emphasizes a reduction in calculations based on mathematical approaches.

Design/methodology/approach

Telegrapher’s method has been used to reduce large calculations in low-frequency high-voltage alternating current (LF-HVac) lines. The static compensator (STATCOM) has been used to maintain voltage stability. For optimal frequency selection, a modified Jaya algorithm (MJAYA) for optimal load flow analysis was implemented.

Findings

The MJAYA algorithm performed better than other conventional algorithms and determined the optimum frequency selection while minimizing losses. Voltage stability was also achieved with the proposed optimal load flow (OLF), and statistical analysis showed that the proposed OLF reduces the frequency deviation and standard error of the LF-HVac lines.

Originality/value

The optimal frequency for LF-HVac lines has been achieved, Telegrapher’s method has been used in OLF, and STATCOM has been used in LF-HVac transmission lines.

Details

COMPEL - The international journal for computation and mathematics in electrical and electronic engineering , vol. 43 no. 1
Type: Research Article
ISSN: 0332-1649

Keywords

Open Access
Article
Publication date: 17 October 2023

Anthony Smythe, Igor Martins and Martin Andersson

With the recognition that generating economic growth is not the same as sustaining it, the challenge to catch-up and growth literature is discerning between these processes…

1399

Abstract

Purpose

With the recognition that generating economic growth is not the same as sustaining it, the challenge to catch-up and growth literature is discerning between these processes. Recent research suggests that the decline in the frequency of “shrinking” episodes is more important for long-term development than higher growth rates. By using a framework centred around social capabilities, this study aims to investigate the effects of income inequality and poverty on economic shrinking frequency, as opposed to previous literature that has exclusively had a growth focus. The aim is to investigate how and why some societies might be more resilient to economic shrinking.

Design/methodology/approach

The research is a quantitative study, and the authors build a longitudinal data set including 23 developing countries throughout 42 years to test the paper’s purpose. This study uses country and period fixed-effects specifications as well as cross-sectional graphical representations to investigate the relationship between proxies of economic inclusivity and the frequency of shrinking episodes.

Findings

The authors demonstrate that while inclusive societies are more resilient to shrinking overall, it is changes in poverty levels, but not changes in income inequality, that appear to be correlated with economic shrinking frequency. Inequality, while still an important element to explain countries’ growth potential as an initial condition, does not seem to make the sample more resilient to shrinking. The authors conclude that the mechanisms in which poverty and inequality are correlated with the catch-up process must run through different channels. Ultimately, processes that explain growth may intersect but not always overlap with the ones that explain resilience to shrinking.

Originality/value

The need for inclusive growth in long-term development has been championed for decades, yet inclusion has seldom been explored from the shrinking perspective. Though poverty reduction is already an important mainstream political objective, this paper differentiates itself by providing an alternate viewpoint of why this is important. Income inequality could have more of an economic growth limiting effect, while poverty reduction could be required to build resilience to economic shrinking. Developing countries will need both growth and resilience to shrinking, to catch-up with higher-income economies, which policymakers might need to balance carefully.

Details

International Journal of Development Issues, vol. 23 no. 1
Type: Research Article
ISSN: 1446-8956

Keywords

Article
Publication date: 12 October 2023

Xiaoli Su, Lijun Zeng, Bo Shao and Binlong Lin

The production planning problem with fine-grained information has hardly been considered in practice. The purpose of this study is to investigate the data-driven production…

Abstract

Purpose

The production planning problem with fine-grained information has hardly been considered in practice. The purpose of this study is to investigate the data-driven production planning problem when a manufacturer can observe historical demand data with high-dimensional mixed-frequency features, which provides fine-grained information.

Design/methodology/approach

In this study, a two-step data-driven optimization model is proposed to examine production planning with the exploitation of mixed-frequency demand data is proposed. First, an Unrestricted MIxed DAta Sampling approach is proposed, which imposes Group LASSO Penalty (GP-U-MIDAS). The use of high frequency of massive demand information is analytically justified to significantly improve the predictive ability without sacrificing goodness-of-fit. Then, integrated with the GP-U-MIDAS approach, the authors develop a multiperiod production planning model with a rolling cycle. The performance is evaluated by forecasting outcomes, production planning decisions, service levels and total cost.

Findings

Numerical results show that the key variables influencing market demand can be completely recognized through the GP-U-MIDAS approach; in particular, the selected accuracy of crucial features exceeds 92%. Furthermore, the proposed approach performs well regarding both in-sample fitting and out-of-sample forecasting throughout most of the horizons. Taking the total cost and service level obtained under the actual demand as the benchmark, the mean values of both the service level and total cost differences are reduced. The mean deviations of the service level and total cost are reduced to less than 2.4%. This indicates that when faced with fluctuating demand, the manufacturer can adopt the proposed model to effectively manage total costs and experience an enhanced service level.

Originality/value

Compared with previous studies, the authors develop a two-step data-driven optimization model by directly incorporating a potentially large number of features; the model can help manufacturers effectively identify the key features of market demand, improve the accuracy of demand estimations and make informed production decisions. Moreover, demand forecasting and optimal production decisions behave robustly with shifting demand and different cost structures, which can provide manufacturers an excellent method for solving production planning problems under demand uncertainty.

Details

Kybernetes, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 26 April 2024

Wenjing Guo, Yuan Jiang, Wei Zhang and Haizhen Wang

Research on the effects of feedback frequency has reported mixed findings. To tackle this problem, the current study focuses on specific feedback signs (i.e. negative feedback)…

Abstract

Purpose

Research on the effects of feedback frequency has reported mixed findings. To tackle this problem, the current study focuses on specific feedback signs (i.e. negative feedback). By integrating the face management theory and attribution theory, this study examined the mediating effect of trust in supervisors and the moderating effect of employee-attributed performance promotion motives for negative feedback.

Design/methodology/approach

A field study with 176 participants and two supplemental experiments with 143 and 100 participants, respectively, were conducted to test the theoretical model.

Findings

Results revealed that the frequency of supervisory negative feedback negatively influenced employees’ trust in supervisors, which in turn influenced employees’ perceptions of feedback utility and learning performance. These indirect effects can be alleviated when employees have high degrees of performance promotion attribution for supervisor motives.

Originality/value

This research extends feedback research by integrating feedback frequency with a specific sign of feedback and revealing a moderated mediation effect of the negative feedback frequency.

Details

Leadership & Organization Development Journal, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0143-7739

Keywords

Article
Publication date: 9 June 2023

Haylim Chha and Yongbo Peng

In real life, excitations are highly non-stationary in frequency and amplitude, which easily induces resonant vibration to structural responses. Conventional control algorithms in…

3075

Abstract

Purpose

In real life, excitations are highly non-stationary in frequency and amplitude, which easily induces resonant vibration to structural responses. Conventional control algorithms in this case cannot guarantee cost-effective control effort and efficient structural response alleviation. To this end, this paper proposes a novel adaptive linear quadratic regulator (LQR) by integrating wavelet transform and genetic algorithm (GA).

Design/methodology/approach

In each time interval, multiresolution analysis of real-time structural responses returns filtered time signals dominated by different frequency bands. Minimization of cost function in each frequency band obtains control law and gain matrix that depend on temporal-frequency band, so suppressing resonance-induced filtered response signal can be directly achieved by regulating gain matrix in the temporal-frequency band, leading to emphasizing cost-function weights on control and state. To efficiently subdivide gain matrices in resonant and normal frequency bands, the cost-function weights are optimized by a developed procedure associated to genetic algorithm. Single-degree-of-freedom (SDOF) and multi-degree-of-freedom (MDOF) structures subjected to near- and far-fault ground motions are studied.

Findings

Resonant band requires a larger control force than non-resonant band to decay resonance-induced peak responses. The time-varying cost-function weights generate control force more cost-effective than time-invariant ones. The scheme outperforms existing control algorithms and attains the trade-off between response suppression and control force under non-stationary excitations.

Originality/value

Proposed control law allocates control force amounts depending upon resonant or non-resonant band in each time interval. Cost-function weights and wavelet decomposition level are formulated in an elegant manner. Genetic algorithm-based optimization cost-efficiently results in minimizing structural responses.

Article
Publication date: 16 May 2023

Yongliang Wang

This study aimed to solve the engineering problem of free vibration disturbance and local mesh refinement induced by microcrack damage in circularly curved beams. The accurate…

Abstract

Purpose

This study aimed to solve the engineering problem of free vibration disturbance and local mesh refinement induced by microcrack damage in circularly curved beams. The accurate identification of the crack damage depth, number and location depends on high-precision frequency and vibration mode solutions; therefore, it is critical to obtain these reliable solutions. The high-precision finite element method for the free vibration of cracked beams needs to be developed to grasp and control error information in the conventional solutions and the non-uniform mesh generation near the cracks. Moreover, the influence of multi-crack damage on the natural frequency and vibration mode of a circularly curved beam needs to be detected.

Design/methodology/approach

A scheme for cross-sectional damage defects in a circularly curved beam was established to simulate the depth, location and the number of multiple cracks by implementing cross-section reduction induced by microcrack damage. In addition, the h-version finite element mesh adaptive analysis method of the Timoshenko beam was developed. The superconvergent solution of the vibration mode of the cracked curved beam was obtained using the superconvergent patch recovery displacement method to determine the finite element solution. The superconvergent solution of the frequency was obtained by computing the Rayleigh quotient. The superconvergent solution of the eigenfunction was used to estimate the error of the finite element solution in the energy norm. The mesh was then subdivided to generate an improved mesh based on the error. Accordingly, the final optimised meshes and high-precision solution of natural frequency and mode shape satisfying the preset error tolerance can be obtained. Lastly, the disturbance behaviour of multi-crack damage on the vibration mode of a circularly curved beam was also studied.

Findings

Numerical results of the free vibration and damage disturbance of cracked curved beams with cracks were obtained. The influences of crack damage depth, crack damage number and crack damage distribution on the natural frequency and mode of vibration of a circularly curved beam were quantitatively analysed. Numerical examples indicate that the vibration mode and frequency of the beam would be disturbed in the region close to the crack damage, and a greater crack depth translates to a larger frequency change. For multi-crack beams, the number and distribution of cracks also affect the vibration mode and natural frequency. The adaptive method can use a relatively dense mesh near the crack to adapt to the change in the vibration mode near the crack, thus verifying the efficacy, accuracy and reliability of the method.

Originality/value

The proposed combination of methodologies provides an extremely robust approach for free vibration of beams with cracks. The non-uniform mesh refinement in the adaptive method can adapt to changes in the vibration mode caused by crack damage. Moreover, the proposed method can adaptively divide a relatively fine mesh at the crack, which is applied to investigating free vibration under various curved beam angles and crack damage distribution conditions. The proposed method can be extended to crack damage detection of 2D plate and shell structures and three-dimensional structures with cracks.

Details

Engineering Computations, vol. 40 no. 3
Type: Research Article
ISSN: 0264-4401

Keywords

Article
Publication date: 10 July 2023

Yuzhen Long, Chunli Yang, Xiangchun Li, Weidong Lu, Qi Zhang and Jiaxing Gao

Coal is the basic energy and essential resource in China, which is crucial to the economic lifeline and energy security of the country. Coal mining has been ever exposed to…

Abstract

Purpose

Coal is the basic energy and essential resource in China, which is crucial to the economic lifeline and energy security of the country. Coal mining has been ever exposed to potential safety risks owing to the complex geologic environment. Effective safety supervision is a vital guarantee for safe production in coal mines. This paper aims to explore the impacts of the internet+ coal mine safety supervision (CMSS) mode that is being emerged in China.

Design/methodology/approach

In this study, the key factors influencing CMSS are identified by social network analysis. They are used to develop a multiple linear regression model of law enforcement frequency for conventional CMSS mode, which is then modified by an analytical hierarchy process to predict the law enforcement frequency of internet+ CMSS mode.

Findings

The regression model demonstrated high accuracy and reliability in predicting law enforcement frequency. Comparative analysis revealed that the law enforcement frequency in the internet+ mode was approximately 40% lower than the conventional mode. This reduction suggests a potential improvement in cost-efficiency, and the difference is expected to become even more significant with an increase in law enforcement frequency.

Originality/value

To the best of the authors’ knowledge, this is one of the few available pieces of research which explore the cost-efficiency of CMSS by forecasting law enforcement frequency. The study results provide a theoretical basis for promoting the internet+ CMSS mode to realize the healthy and sustainable development of the coal mining industry.

Details

International Journal of Energy Sector Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1750-6220

Keywords

Article
Publication date: 3 April 2024

Erol Can and Ugur Kilic

Static inverters are very important for the emergency energy distribution system of aircraft and similar machines. At the same time, the electrical energy produced at high…

Abstract

Purpose

Static inverters are very important for the emergency energy distribution system of aircraft and similar machines. At the same time, the electrical energy produced at high frequency for electrical devices is used to reduce the weight of the cables in the aircraft and spacecraft because of the skin effect. In the high-frequency system, a thinner cable cross-section is used, and a great weight reduction occurs in the aircraft. So, fuel economy, less and late wear of the materials (landing gear, etc.) can be obtained with decreasing weight. This paper aims to present the development of a functional multilevel inverter (FMLI) with fractional sinus pulse width modulation (FSPWM) and a reduced number of switches to provide high-frequency and quality electrical energy conversion.

Design/methodology/approach

After the production of FSPWM for FMLI with a reduced component, which, to the best of the authors’ knowledge, is presented for the first time in this study, is explained step by step, and eight operating states are given according to different FSPWMs operating the circuit. The designed inverter and modulation technique are compared by testing the conventional modular multilevel inverter on different loads.

Findings

According to application results, it is seen that there is a 50% reduction in cross-section from 100 Hz to 400 Hz with the skin effect. At 1000 Hz, there is a 90% cross-section reduction. The decrease can be in cable weights that may occur in aircraft from 10 kg to 100 kg according to different frequencies. It causes less harmonic distortion than conventional converters. This supports the safer operation of the system. Compared to the traditional system, the proposed system provides more amplitude in converting the source to alternating voltage and increases the efficiency.

Practical implications

FSPWM is developed for multilevel inverters with reduced components at the high frequency and cascaded switching studies in the power electronics of aircraft.

Social implications

Although the proposed system has less current and power loss as mentioned in the previous sections, it contains fewer power elements than conventional inverters that are equivalent for different hardware levels. This not only reduces the cost of the system but also provides ease of maintenance. To reduce the cable load in aircraft and create more efficient working conditions, 400 Hz alternative voltage is used. The proposed system causes less losses and lower harmonic distortions than traditional systems. This will reduce possible malfunctions and contribute to aircraft reliability for passengers and cargo. As technology develops, it is revealed that the proposed inverter system will be more efficient than traditional inverters when devices operating at frequencies higher than 400 Hz are used. With the proposed inverter, safer operation will be ensured, while there will be less energy loss, less fuel consumption and less carbon emissions to the environment.

Originality/value

The proposed inverter structure shows that it can provide energy transmission for electrical devices in space and aircraft by using the skin effect. It also contains less power elements than the traditional inverters, which are equivalent for different levels of hardware.

Details

Aircraft Engineering and Aerospace Technology, vol. 96 no. 3
Type: Research Article
ISSN: 1748-8842

Keywords

21 – 30 of over 96000