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Article
Publication date: 19 April 2024

Oguzhan Ozcelebi, Jose Perez-Montiel and Carles Manera

Might the impact of the financial stress on exchange markets be asymmetric and exposed to regime changes? Departing from the existing literature, highlighting that the domestic…

Abstract

Purpose

Might the impact of the financial stress on exchange markets be asymmetric and exposed to regime changes? Departing from the existing literature, highlighting that the domestic and foreign financial stress in terms of money market have substantial effects on exchange market, this paper aims to investigate the impacts of the bond yield spreads of three emerging countries (Mexico, Russia, and South Korea) on their exchange market pressure indices using monthly observations for the period 2010:01–2019:12. Additionally, the paper analyses the impact of bond yield spread of the US on the exchange market pressure indices of the three mentioned emerging countries. The authors hypothesized whether the negative and positive changes in the bond yield spreads have varying effects on exchange market pressure indices.

Design/methodology/approach

To address the research question, we measure the bond yield spread of the selected countries by using the interest rate spread between 10-year and 3-month treasury bills. At the same time, the exchange market pressure index is proxied by the index introduced by Desai et al. (2017). We base the empirical analysis on nonlinear vector autoregression (VAR) models and an asymmetric quantile-based approach.

Findings

The results of the impulse response functions indicate that increases/decreases in the bond yield spreads of Mexico, Russia and South Korea raise/lower their exchange market pressure, and the effects of shocks in the bond yield spreads of the US also lead to depreciation/appreciation pressures in the local currencies of the emerging countries. The quantile connectedness analysis, which allows for the role of regimes, reveals that the weights of the domestic and foreign bond yield spread in explaining variations of exchange market pressure indices are higher when exchange market pressure indices are not in a normal regime, indicating the role of extreme development conditions in the exchange market. The quantile regression model underlines that an increase in the domestic bond yield spread leads to a rise in its exchange market pressure index during all exchange market pressure periods in Mexico, and the relevant effects are valid during periods of high exchange market pressure in Russia. Our results also show that Russia differs from Mexico and South Korea in terms of the factors influencing the demand for domestic currency, and we have demonstrated the role of domestic macroeconomic and financial conditions in surpassing the effects of US financial stress. More specifically, the impacts of the domestic and foreign financial stress vary across regimes and are asymmetric.

Originality/value

This study enriches the literature on factors affecting the exchange market pressure of emerging countries. The results have significant economic implications for policymakers, indicating that the exchange market pressure index may trigger a financial crisis and economic recession.

Details

International Journal of Emerging Markets, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1746-8809

Keywords

Article
Publication date: 4 January 2022

Pandimani, Markandeya Raju Ponnada and Yesuratnam Geddada

The partially prestressed concrete beam with unbonded tendon is still an active field of research because of the difficulty in analyzing and understanding its behavior. The…

Abstract

Purpose

The partially prestressed concrete beam with unbonded tendon is still an active field of research because of the difficulty in analyzing and understanding its behavior. The finite-element (FE) simulation of such beams using numerical software is very scarce in the literature and therefore this study is taken to demonstrate the modeling aspects of unbonded partially prestressed concrete (UPPSC) beams. This study aims to present the three-dimensional (3-D) nonlinear FE simulations of UPPSC beams subjected to monotonic static loadings using the numerical analysis package ANSYS.

Design/methodology/approach

The sensitivity study is carried out with three different mesh densities to obtain the optimum elements that reflect on the load–deflection behavior of numerical models, and the model with optimum element density is used further to model all the UPPSC beams in this study. Three half-symmetry FE model is constructed in ANSYS parametric design language domain with proper boundary conditions at the symmetry plane and support to achieve the same response as that of the full-scale experimental beam available in the literature. The linear and nonlinear material behavior of prestressing tendon and conventional steel reinforcements, concrete and anchorage and loading plates are modeled using link180, solid65 and solid185 elements, respectively. The Newton–Raphson iteration method is used to solve the nonlinear solution of the FE models.

Findings

The evolution of concrete cracking at critical loadings, yielding of nonprestressed steel reinforcements, stress increment in the prestressing tendon, stresses in concrete elements and the complete load–deflection behavior of the UPPSC beams are well predicted by the proposed FE model. The maximum discrepancy of ultimate moments and deflections of the validated FE models exhibit 13% and −5%, respectively, in comparison with the experimental results.

Practical implications

The FE analysis of UPPSC beams is done using ANSYS software, which is a versatile tool in contrast to the experimental testing to study the stress increments in the unbonded tendons and assess the complete nonlinear response of partially prestressed concrete beams. The validated numerical model and the techniques presented in this study can be readily used to explore the parametric analysis of UPPSC beams.

Originality/value

The developed model is capable of predicting the strength and nonlinear behavior of UPPSC beams with reasonable accuracy. The load–deflection plot captured by the FE model is corroborated with the experimental data existing in the literature and the FE results exhibit good agreement against the experimentally tested beams, which expresses the practicability of using FE analysis for the nonlinear response of UPPSC beams using ANSYS software.

Details

Journal of Engineering, Design and Technology , vol. 22 no. 1
Type: Research Article
ISSN: 1726-0531

Keywords

Article
Publication date: 17 December 2021

Malika Belhocine, Youcef Bouafia, Mohand Said Kachi and Karim Benyahi

The calculation and design of the structures are carried out with the aim of obtaining a sufficiently ductile behavior to allow the structure to undergo displacements, without…

Abstract

Purpose

The calculation and design of the structures are carried out with the aim of obtaining a sufficiently ductile behavior to allow the structure to undergo displacements, without risk of sudden breaks or loss of stability. The purpose of this study is to develop and validate a computer program (Thin beam2), allowing the modeling and simulation of the nonlinear behavior of reinforced concrete elements, on the other part, it is estimating the local and global ductility of the sections or elements constituting these structures.

Design/methodology/approach

The authors present two nonlinear analysis methods to carry out a parametric study of the factors influencing the local and global ductility of reinforced concrete structures. The first consists in evaluating the nonlinear behavior at the level of the cross-section of the reinforced concrete elements used in the elaborate Sectenol 1 program, it allows us to have the local ductility. The second, allows us to evaluate the nonlinear behavior of the element used in the modified thin beam 2 program, it allows us to estimate the overall ductility of the element.

Findings

The validation results of the Thin beam2 program are very satisfactory, by conferring the analytic and experimental results obtained by various researchers and the parametric study shows that each factor such as the compressive strength of the concrete has a favorable effect on ductility. Conversely, the normal compression force and the high resistance of tensioned reinforcements adversely affect ductility.

Originality/value

The reliability of the two programs lies in obtaining the local and global ductility of reinforced concrete structures because the calculation and design of the structures are carried out with the aim of obtaining ductile behavior without risk of breakage and instability.

Details

World Journal of Engineering, vol. 20 no. 3
Type: Research Article
ISSN: 1708-5284

Keywords

Article
Publication date: 6 October 2021

Kaveh Salmalian, Ali Alijani and Habib Ramezannejad Azarboni

The purpose of this study is to investigate the post-buckling analysis of functionally graded columns by using three analytical, approximate and numerical methods. A pre-defined…

Abstract

Purpose

The purpose of this study is to investigate the post-buckling analysis of functionally graded columns by using three analytical, approximate and numerical methods. A pre-defined function as an initial assumption for the post-buckling path is introduced to solve the differential equation. The finite difference method is used to approximate the lateral deflection of the column based on the differential equation. Moreover, the finite element method is used to derive the tangent stiffness matrix of the column.

Design/methodology/approach

The non-linear buckling analysis of functionally graded materials is carried out by using three analytical, finite difference and finite element methods. The elastic deformation and Euler-Bernoulli beam theory are considered to establish the constitutive and kinematics relations, respectively. The governing differential equation of the post-buckling problem is derived through the energy method and the calculus variation.

Findings

An incremental iterative solution and the perturbation of the displacement vector at the critical buckling point are performed to determine the post-buckling path. The convergence of the finite element results and the effects of geometric and material characteristics on the post-buckling path are investigated.

Originality/value

The key point of the research is to compare three methods and to detect error sources by considering the derivation process of relations. This comparison shows that a non-incremental solution in the analytical and finite difference methods and an initial assumption in the analytical method lead to an error in results. However, the post-buckling path in the finite element method is traced by the updated tangent stiffness matrix in each load step without any initial limitation.

Details

Journal of Engineering, Design and Technology , vol. 21 no. 3
Type: Research Article
ISSN: 1726-0531

Keywords

Article
Publication date: 3 March 2023

Harry Weber and Wolfgang Mathis

The purpose of this paper is to present a procedure for approximating DC operating points of nonlinear circuits. The presented approach can also be applied in case of multiple DC…

Abstract

Purpose

The purpose of this paper is to present a procedure for approximating DC operating points of nonlinear circuits. The presented approach can also be applied in case of multiple DC operating points.

Design/methodology/approach

A generalized Carleman linearization is used, which transforms an algebraic nonlinear equation into an equivalent infinite-dimensional linear system. In general, no close-form solution can be given for the infinite-dimensional linear system. Hence, the infinite-dimensional linear system is approximated by a finite one over a predefined interval using a self-consistent technique. The presented procedure allows to approximate all possible DC operating points within a predefined interval. To isolate all DC operating points, the initial interval is gradually divided into subintervals.

Findings

It is shown that the presented approach is not restricted to the polynomial case and allows to approximate all DC operating points. The presented approach can be applied in case of multiple DC operating points and does not depend on the domain of attraction of the DC operating points.

Originality/value

A new procedure for the approximation of DC operating points of nonlinear circuits based on a generalized Carleman linearization is presented. This approach can be applied in case of multiple DC operating points and is independent of the domain of attraction. Further, this generalized approach is not restricted to the polynomial case and can be applied to a variety of circuits.

Details

COMPEL - The international journal for computation and mathematics in electrical and electronic engineering , vol. 42 no. 3
Type: Research Article
ISSN: 0332-1649

Keywords

Article
Publication date: 1 March 2023

Javad Masrour, Seyed Hossein Sadati and Morteza Shahravi

This study aims to simulate gust effects on the aeroelastic behavior of a flexible aircraft. The dynamic response of the system for different discreet gust excitations is obtained…

Abstract

Purpose

This study aims to simulate gust effects on the aeroelastic behavior of a flexible aircraft. The dynamic response of the system for different discreet gust excitations is obtained using numerical simulations.

Design/methodology/approach

Coupled dynamics, including rigid and flexible body coordinates, are considered for modeling the dynamic behavior of the aircraft. Wing is considered flexible and other parts are considered rigid. Wing is modeled with nonlinear Euler Bernoulli beam. Moreover, unsteady aerodynamics based on the Wagner function are used for aerodynamic loading, and the results are compared with those of quasi-steady aerodynamics.

Findings

Von Kármán continuous gust is applied to this aircraft. In addition, the discrete “1- cosine” gust with different gust lengths is applied to the aircraft, and the maximum and minimum accelerations are computed. It is shown that the nonlinear modeling of the system represents the actual behavior and causes limit cycle oscillation phenomena.

Originality/value

This methodology can yield a relatively simple dynamic model for high aspect ratio aircrafts to provide insights into the vehicles’ dynamics, which can be available early in the design cycle.

Details

Aircraft Engineering and Aerospace Technology, vol. 95 no. 6
Type: Research Article
ISSN: 1748-8842

Keywords

Article
Publication date: 15 June 2023

Jian Di, Yu Kang, Haibo Ji, Xinghu Wang, Shaofeng Chen, Fei Liao and Kun Li

A low-level controller is critical to the overall performance of multirotor unmanned aerial vehicles. The purpose of this paper is to propose a nonlinear low-level angular…

Abstract

Purpose

A low-level controller is critical to the overall performance of multirotor unmanned aerial vehicles. The purpose of this paper is to propose a nonlinear low-level angular velocity controller for multirotor unmanned aerial vehicles in various operating conditions (e.g. different speed and different mode).

Design/methodology/approach

To tackle the above challenge, the authors have designed a nonlinear low-level controller taking the actuator dynamics into account. The authors first build the actuator subsystem by combining the actuator dynamics with the angular velocity dynamics model. Then, a recursive low-level controller is developed by designing a high-gain observer to estimate unmeasurable states. Furthermore, a detailed stability analysis is given with the Lyapunov theory.

Findings

Simulation tests and real-world flying experiments are provided to validate the proposed approach. In particular, we illustrate the performance of the proposed controller using violent random command test, attitude mode flight and high-speed flight of up to 18.7 m/s in real world. Compared with the classical method used in PX4 autopilot and the estimation-based incremental nonlinear dynamic inversion method, experimental results show that the proposed method can further reduce the control error.

Research limitations/implications

Low-level control of multirotor UAVs is challenging due to the complex dynamic characteristics of UAVs and the diversity of tasks. Although some progress has been made, the performance of existing methods will deteriorate as operating conditions change due to the disregard for the electromechanical characteristics of the actuator.

Originality/value

To solve the low-level angular velocity control problem in various operating conditions of multirotor UAVs, this paper proposes a nonlinear low-level angular velocity controller which takes the actuator dynamics into account.

Details

Robotic Intelligence and Automation, vol. 43 no. 3
Type: Research Article
ISSN: 2754-6969

Keywords

Article
Publication date: 16 April 2024

Chaofan Wang, Yanmin Jia and Xue Zhao

Prefabricated columns connected by grouted sleeves are increasingly used in practical projects. However, seismic fragility analyses of such structures are rarely conducted…

Abstract

Purpose

Prefabricated columns connected by grouted sleeves are increasingly used in practical projects. However, seismic fragility analyses of such structures are rarely conducted. Seismic fragility analysis has an important role in seismic hazard evaluation. In this paper, the seismic fragility of sleeve connected prefabricated column is analyzed.

Design/methodology/approach

A model for predicting the seismic demand on sleeve connected prefabricated columns has been created by incorporating engineering demand parameters (EDP) and probabilities of seismic failure. The incremental dynamics analysis (IDA) curve clusters of this type of column were obtained using finite element analysis. The seismic fragility curve is obtained by regression of Exponential and Logical Function Model.

Findings

The IDA curve cluster gradually increased the dispersion after a peak ground acceleration (PGA) of 0.3 g was reached. For both columns, the relative displacement of the top of the column significantly changed after reaching 50 mm. The seismic fragility of the prefabricated column with the sleeve placed in the cap (SPCA) was inadequate.

Originality/value

The sleeve was placed in the column to overcome the seismic fragility of prefabricated columns effectively. In practical engineering, it is advisable to utilize these columns in regions susceptible to earthquakes and characterized by high seismic intensity levels in order to mitigate the risk of structural damage resulting from ground motion.

Details

International Journal of Structural Integrity, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1757-9864

Keywords

Article
Publication date: 26 September 2023

Reza Esmailzadeh-Shahri and Sassan Eshghi

Nonlinear dynamic analyses are employed for seismic collapse risk evaluation of existing steel moment frame buildings. The standards, such as ASCE 41-17, often define collapse…

Abstract

Purpose

Nonlinear dynamic analyses are employed for seismic collapse risk evaluation of existing steel moment frame buildings. The standards, such as ASCE 41-17, often define collapse thresholds based on plastic deformations; however, the collapse process involves several factors, and plastic deformation is only one of them. An energy-based approach employs deformation and resistance responses simultaneously, so it can consider various factors such as excessive deformation, stiffness and resistance degradation, and low-cycle fatigue as cumulative damage for seismic assessment. In this paper, an efficient energy-based methodology is proposed to estimate the collapse threshold responses of steel moment frame buildings.

Design/methodology/approach

This methodology uses a new criterion based on the energy balance concept and computes the structural responses for different seismic hazard levels. Meanwhile, a pre-processing phase is introduced to find the records that lead to the collapse of buildings. Furthermore, the proposed methodology can detect failure-prone hinges with a straightforward probability-based definition.

Findings

The findings show that the proposed methodology can estimate reasonably accurate responses against the results of the past experiment on the collapse threshold. Based on past studies, ASCE 41-17 results differ from experimental results and are even overly conservative in some cases. The authors believe that the proposed methodology can improve it. In addition, the failure-prone hinges detected by the proposed methodology are similar to the predicted collapse mechanism of three mid-rise steel moment frame buildings.

Originality/value

In the proposed methodology, new definitions based on energy and probability are employed to find out the structural collapse threshold and failure-prone hinges. Also, comparing the proposed methodology results against the experimental outcomes shows that this methodology efficiently predicts the collapse threshold responses.

Details

International Journal of Structural Integrity, vol. 14 no. 6
Type: Research Article
ISSN: 1757-9864

Keywords

Article
Publication date: 4 July 2023

Jianhang Xu, Peng Li and Yiren Yang

The paper aims to develop an efficient data-driven modeling approach for the hydroelastic analysis of a semi-circular pipe conveying fluid with elastic end supports. Besides the…

Abstract

Purpose

The paper aims to develop an efficient data-driven modeling approach for the hydroelastic analysis of a semi-circular pipe conveying fluid with elastic end supports. Besides the structural displacement-dependent unsteady fluid force, the steady one related to structural initial configuration and the variable structural parameters (i.e. the variable support stiffness) are considered in the modeling.

Design/methodology/approach

The steady fluid force is treated as a pipe preload, and the elastically supported pipe-fluid model is dealt with as a prestressed hydroelastic system with variable parameters. To avoid repeated numerical simulations caused by parameter variation, structural and hydrodynamic reduced-order models (ROMs) instead of conventional computational structural dynamics (CSD) and computational fluid dynamics (CFD) solvers are utilized to produce data for the update of the structural, hydrodynamic and hydroelastic state-space equations. Radial basis function neural network (RBFNN), autoregressive with exogenous input (ARX) model as well as proper orthogonal decomposition (POD) algorithm are applied to modeling these two ROMs, and a hybrid framework is proposed to incorporate them.

Findings

The proposed approach is validated by comparing its predictions with theoretical solutions. When the steady fluid force is absent, the predictions agree well with the “inextensible theory”. The pipe always loses its stability via out-of-plane divergence first, regardless of the support stiffness. However, when steady fluid force is considered, the pipe remains stable throughout as flow speed increases, consistent with the “extensible theory”. These results not only verify the accuracy of the present modeling method but also indicate that the steady fluid force, rather than the extensibility of the pipe, is the leading factor for the differences between the in- and extensible theories.

Originality/value

The steady fluid force and the variable structural parameters are considered in the data-driven modeling of a hydroelastic system. Since there are no special restrictions on structural configuration, steady flow pattern and variable structural parameters, the proposed approach has strong portability and great potential application for other hydroelastic problems.

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