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1 – 10 of over 11000Enhanced risk management through the application of mathematical optimization is the next competitive‐advantage frontier for the primary‐insurance industry. The widespread…
Abstract
Purpose
Enhanced risk management through the application of mathematical optimization is the next competitive‐advantage frontier for the primary‐insurance industry. The widespread adoption of catastrophe models for risk management provides the opportunity to exploit mathematical optimization techniques to achieve superior financial results over traditional methods of risk allocation. The purpose of this paper is to conduct a numerical experiment to evaluate the relative performances of the steepest‐ascent method and genetic algorithm in the solution of an optimal risk‐allocation problem in primary‐insurance portfolio management.
Design/methodology/approach
The performance of two well‐established optimization methods – steepest ascent and genetic algorithm – are evaluated by applying them to solve the problem of minimizing the catastrophe risk of a US book of policies while concurrently maintaining a minimum level of return.
Findings
The steepest‐ascent method was found to be functionally dependent on, but not overly sensitive to, choice of initial starting policy. The genetic algorithm produced a superior solution to the steepest‐ascent method at the cost of increased computation time.
Originality/value
The results provide practical guidelines for algorithm selection and implementation for the reader interested in constructing an optimal insurance portfolio from a set of available policies.
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Muzamil Ahmad Rafiqii, M.A. Lone and M.A. Tantray
This study aims to provide a review for scour in complex rivers and streams with coarser bed material, steep longitudinal bed slopes and dynamic environments, in the interest of…
Abstract
Purpose
This study aims to provide a review for scour in complex rivers and streams with coarser bed material, steep longitudinal bed slopes and dynamic environments, in the interest of the safety and the economy of hydraulic structures. The knowledge of scour in such geographical complexities is very crucial for a comprehensive understanding of scour failures and for establishing definitive criteria to bridge this major research gap.
Design/methodology/approach
The existing available literature shows significant work done in case of silt, sand and small sized coarser bed material but any substantial work for bed material of gravel size or above is lacking, resulting in a wide gap. Though some researchers have attempted to explore possibilities of refining the existing models by adding pier size, shape, sediment non-uniformity and armouring effects, which otherwise have been given a miss by the various researchers, including the pioneer in the field Lacey–Inglis (1930). But still, a rational model for scour estimation in such complex conditions for global use is yet to come. This is because all the parameters governing the scour have not been studied properly till date as is evident from the globally available literature and is witnessed in the field too, in recurrent failure of hydraulic structures especially bridges.
Findings
The researchers presume that the finer materials move only as a result of erosion. However, in actual field conditions, it has been observed that the large-sized stones also roll down and cause huge erosion along the river bed and damage the hydraulic structures, especially in the steep river/stream beds along hilly slopes. This fact has been overlooked in the models available globally and has been highlighted only in the current work in an attempt to recognize this major research gap. A study carried out on a number of streams globally and in Jammu and Kashmir, India also, has shown that in steep river and stream beds with bed material consisting of gravel size or greater than gravel, large scour holes ranging from 1 m to 5 m were created by furious floods, and due to other unknown forces along the channel path and near foundations of hydraulic structures.
Originality/value
To the best of the authors’ knowledge, this work is purely original.
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M. Puviarasu, P. Asokan, S. Umar Sherif, K. Mathiyazhagan and P. Sasikumar
Increased demand for new batteries and strict government protocols have stressed the battery industries to collect and recycle used batteries for economic and environmental…
Abstract
Purpose
Increased demand for new batteries and strict government protocols have stressed the battery industries to collect and recycle used batteries for economic and environmental benefits. This scenario has forced the battery industries to collect used batteries and establish the formal battery recycling plant (BRP) for effective recycling. The starting of BRP includes several strategic decisions, one of the most critical decisions encountered is to find the best sustainable location for BRP. Hence, this paper aims to address the complexity of the issues faced during the BRP location selection through a hybrid framework.
Design/methodology/approach
In this study, the criteria are identified under socio-cultural, technical, environmental, economic and policy and legal (STEEP) dimensions through literature review and experts' opinions. Then, the hybrid methodology integrating fuzzy decision making trial and evaluation laboratory (DEMATEL), best worst method (BWM) and technique for order preference by similarity to an ideal solution (TOPSIS) has been proposed to find the inter-relationship between criteria, the weights of criteria and the best alternative.
Findings
The identified five main criteria and 26 sub-criteria have been analyzed through fuzzy DEMATEL, and found that the policy and legal criteria have more inter-relationship with other criteria. Then from BWM results, it is found that the support from government bodies has attained the maximum weightage. Finally, the second alternative has been identified as a more suitable location for establishing BRP using TOPSIS. Further, it is found from the results that the support from government bodies, the impact of emissions, availability of basic facilities and community health are the essential criteria under STEEP dimensions for establishing BRP.
Originality/value
In addition to the various existing sustainable criteria, this study has also considered a set of policy and legal criteria for the evaluation of locations for BRP. Further, the hybrid MCDM method has been proposed in this study for selecting the best alternative. Thus, this study has yielded more insights to the decision-makers in choosing a sustainable location for BRP.
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V. Dunkwal, S. Jood and S. Singh
This article aims to focus on the food value of the mushroom. Because of its low calorific value and very high content of proteins, vitamins and minerals, mushrooms may contribute…
Abstract
Purpose
This article aims to focus on the food value of the mushroom. Because of its low calorific value and very high content of proteins, vitamins and minerals, mushrooms may contribute significantly in overcoming protein deficiency in developing countries like India.
Design/methodology/approach
Oyster (Pleurotus sajor caju) mushroom cultivated on two substrates i.e. wheat straw and brassica straw were procured. Freshly harvested and washed mushrooms were cut into small pieces. Sliced mushrooms were divided into four portions. Two portions were left untreated and dried using sun and oven drying methods. The third portion was blanched in boiling water at 100 °C for two mins, cooled immediately and drained. The blanched samples were divided into two portions. One portion was sun dried and another was oven dried. The fourth portion was soaked in solution of citric acid (0.25 percent) for 30 mins and drained. The steeped samples were divided into two portions. One portion was sun dried and another was oven dried. Each sample was dried from initial moisture content of 91 percent on fresh weight basis of the final moisture content 10 percent on dry weight basis. All the samples were ground to make fine powder. The untreated and treated samples were analysed for physico‐chemical properties and sensory evaluation by using standard methods.
Findings
Treated and untreated powders prepared from oyster (Pleurotus sajor caju) mushrooms grown on two substrates i.e. wheat and brassica straw were analysed for physical and chemical characteristics. Among the powders, T6 (steeped in 0.25 percent citric acid and oven dried) powder exhibited highest yield followed by untreated and blanched powders. On the other hand, untreated samples T1 (sun dried) and T4 (oven dried) showed higher browning index as compared to pretreated powders. Steeped samples (T3 and T6) from both type of mushrooms, irrespective of drying methods exhibited higher values of water retention capacity and swelling index as well as sensory attributes (colour, aroma and texture) In terms of chemical analysis, steeped samples from both types of mushrooms, irrespective of drying methods, exhibited higher contents crude protein, crude fibre and ash as compared to blanched powders. Blanching in hot water may cause leaching out of nutrients.
Practical implications
With regard to healthy benefits and medicinal value of mushroom, its production and consumption should be increased. However, mushroom production does not demand land, but helps in the bioconversion of potential pollutants like agro‐wastes to useful and nutritive food for human consumption, which is essential to a developing country like India.
Originality/value
The findings of this article may contribute significantly in overcoming protein deficiency in developing countries like India. Mushrooms have a low carbohydrate content, no cholesterol and are almost fat free. Therefore, they form an important constituent of a diet for a population suffering from atherosclerosis.
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P. Coorevits, P. Ladevèze and J. ‐P. Pelle
In this paper we present a new method of mesh optimization whichautomatically accounts for steep gradients. With this method, the user needsno previous knowledge of the problem…
Abstract
In this paper we present a new method of mesh optimization which automatically accounts for steep gradients. With this method, the user needs no previous knowledge of the problem. The method is based on the concept of error in the constitutive relation, coupled with an h‐version remeshing procedure. The steep gradient regions are detected by using the local errors, which are taken into account using the finite energy element. Consequently the procedure can be extended to all estimators of discretization errors. It is implemented in our code ESTEREF, a post‐processor of error computation and mesh optimization that can be used with any finite element code. Numerous examples show the capabilities of the proposed method.
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Zezhong C. Chen, Zuomin Dong and Geoffrey W. Vickers
The objective of CNC machining is to produce mechanical parts with designed quality most efficiently. To generate CNC tool paths for machining a sculptured part using a three‐axis…
Abstract
The objective of CNC machining is to produce mechanical parts with designed quality most efficiently. To generate CNC tool paths for machining a sculptured part using a three‐axis CNC machine, surface geometry, cutter shape and size, as well as tool path interval and direction need to be considered. In this work, the relation between the direction of a tool motion and cutting efficiency is studied. A new measure of cutting efficiency in three‐axis CNC milling – the length of effective cutting edge (ECE) is introduced. The ECE length is mathematically proven to reach its maximum when the tool cuts a sculptured surface along its steepest tangent direction at the cutter contact point. The steepest tangent direction is thus proven to be the most efficient tool feed direction in three‐axis sculptured part machining. The study identifies tool feed direction as a new control parameter in CNC tool path planning, and forms the foundation for further research on three‐axis tool path generation of sculptured parts.
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WE first derive for jet aeroplanes the formulae for the least thrust sufficient for a specified angle of climb. In the mathematical derivation of formulae we make use of the…
Abstract
WE first derive for jet aeroplanes the formulae for the least thrust sufficient for a specified angle of climb. In the mathematical derivation of formulae we make use of the method represented by H. Freeman in J. of Ae. Sci. No. 3/1947, ‘Simple Analytic Equations for the Velocity of an Aeroplane in Unaccelerated Level, Climbing and Diving Flight’. We then see that through a simple deformation the equations can be brought into such a form as to make it possible to represent the steepest climbing angle, the corresponding flight velocity and the rate of climb obtainable at a specified thrust by means of a combined, very simple, dimensionless vector diagram.
Tu Hongsheng, Huang Changwen and Guo Chenye
Currently, the existing similar simulation is still limited in the following aspects: un-rotatable laboratory devices, the difficulty in the pavement on steep seams and great…
Abstract
Purpose
Currently, the existing similar simulation is still limited in the following aspects: un-rotatable laboratory devices, the difficulty in the pavement on steep seams and great error of the experimental data.
Design/methodology/approach
To address above-mentioned problems, this study combined theoretical analysis and numerical simulation and developed a rotatable experimental system for similar simulation on steep coal seam mining on the premise of ensuring experimental safety.
Findings
The present experimental system mainly consists of the model support, the rotation system and the bearing system. By taking into account the experimental requirements and actual laboratory space, the sizes of the model support and the bearing system were determined. Considering the requirements in space limit and rotation stability, the rotation mode of vertical sliding on the left side and the horizontal sliding on the lower side was designed.
Originality/value
Using programmable logic controller automatic angle control technology, the rotation angle, velocity and displacement of the model can be automatically adjusted and controlled so as to achieve safe rotation and precise control. Finally, the calculation method of the mass of the required similar materials for paving the coal strata at different inclination angles and in different horizons was analyzed, and the related mass proportion calculation software was developed.
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