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Article
Publication date: 3 February 2023

Dimitrios Karakostas, Ioannis Tsakalos and Athanasios Fassas

The supervisory stress test evaluates the capital adequacy and profit-generation capacity of systemic banking institutions under baseline and adverse macroeconomic scenarios. This…

Abstract

Purpose

The supervisory stress test evaluates the capital adequacy and profit-generation capacity of systemic banking institutions under baseline and adverse macroeconomic scenarios. This study aims to assess the financial and informational role of European stress tests and substantiate the impact of their disclosures by examining the EU-wide 2018 stress test vis-à-vis the EU-wide 2021 stress test in terms of how and to what extent the stock prices of the stress-tested banks have been affected.

Design/methodology/approach

This study applies standard event study methodologies to evaluate the reactions of market participants during the EU-wide 2018 and 2021 stress test exercises. We examine several “large” events in both the exercises for a selected sample of European banks.

Findings

The results of our event study analysis show that the EU-wide 2018 and 2021 stress tests come subsequent to considerable abnormal price movements. The announcement of stress test results triggered tangible investor reactions, indicating the informational value of stress tests in reducing bank opacity. This supervisory “toolkit” is considered extremely important, as it provides meaningful insights to the supervisors of the banking institutions and the market stakeholders by improving the transparency of the financial sector, allowing them to segregate banks more effectively.

Originality/value

This study constitutes one of the earliest attempts to shed light on the financial and information role of the European supervisory stress tests by comparing the EU-wide 2018 and the EU-wide 2021 stress test exercises. Moreover, it provides concrete empirical evidence and qualitative analysis to explore certain aspects of the European and US stress tests.

Details

Journal of Financial Regulation and Compliance, vol. 31 no. 4
Type: Research Article
ISSN: 1358-1988

Keywords

Article
Publication date: 15 January 2024

Mohammad A Gharaibeh, Markus Feisst and Jürgen Wilde

This paper aims to present two Anand’s model parameter sets for the multilayer silver–tin (AgSn) transient liquid phase (TLP) foils.

Abstract

Purpose

This paper aims to present two Anand’s model parameter sets for the multilayer silver–tin (AgSn) transient liquid phase (TLP) foils.

Design/methodology/approach

The AgSn TLP test samples are manufactured using pre-defined optimized TLP bonding process parameters. Consequently, tensile and creep tests are conducted at various loading temperatures to generate stress–strain and creep data to accurately determine the elastic properties and two sets of Anand model creep coefficients. The resultant tensile- and creep-based constitutive models are subsequently used in extensive finite element simulations to precisely survey the mechanical response of the AgSn TLP bonds in power electronics due to different thermal loads.

Findings

The response of both models is thoroughly addressed in terms of stress–strain relationships, inelastic strain energy densities and equivalent plastic strains. The simulation results revealed that the testing conditions and parameters can significantly influence the values of the fitted Anand coefficients and consequently affect the resultant FEA-computed mechanical response of the TLP bonds. Therefore, this paper suggests that extreme care has to be taken when planning experiments for the estimation of creep parameters of the AgSn TLP joints.

Originality/value

In literature, there is no constitutive modeling data on the AgSn TLP bonds.

Details

Soldering & Surface Mount Technology, vol. 36 no. 2
Type: Research Article
ISSN: 0954-0911

Keywords

Article
Publication date: 13 December 2022

Jimut Bahan Chakrabarty, Soumya Roy and Shovan Chowdhury

In order to reduce avoidably lengthy duration required to test highly reliable products under usage stress, accelerated life test sampling plans (ALTSPs) are employed. This paper…

Abstract

Purpose

In order to reduce avoidably lengthy duration required to test highly reliable products under usage stress, accelerated life test sampling plans (ALTSPs) are employed. This paper aims to build a decision model for obtaining optimal sampling plan under accelerated life test setting using Type-I hybrid censoring scheme for products covered under warranty.

Design/methodology/approach

The primary decision model proposed in this paper determines ALTSP by minimizing the relevant costs involved. To arrive at the decision model, the Fisher information matrix for Type-I hybrid censoring scheme under accelerated life test setting is derived. The optimal solution is attained by utilizing appropriate techniques following a nonlinear constrained optimization approach. As a special case, ALTSP for Type-I censoring is obtained using the same approach. ALTSP under Type-I hybrid censoring using the variance minimization approach is also derived.

Findings

On comparing the optimal results obtained using the above mentioned approaches, it is found that the cost minimization approach does better in reducing the total cost incurred. Results also show that the proposed ALTSP model under cost function setting has considerably lower expected testing time. Interesting findings from the sensitivity analysis conducted using a newly introduced failure dataset pertaining to locomotive controls are highlighted.

Originality/value

The research introduces a model to design optimum ALTSP for Type-I hybrid censoring scheme. The practical viability of the model makes it valuable for real-life situations. The practical application of the proposed model is exemplified using a real-life case.

Details

International Journal of Quality & Reliability Management, vol. 40 no. 7
Type: Research Article
ISSN: 0265-671X

Keywords

Article
Publication date: 14 November 2023

Mohamed Lachaab

The increased capital requirements and the implementation of new liquidity standards under Basel III sparked various concerns among researchers, academics and other stakeholders…

Abstract

Purpose

The increased capital requirements and the implementation of new liquidity standards under Basel III sparked various concerns among researchers, academics and other stakeholders. The question is whether Basel III regulation is ideal, that is, adequate to deal with a crisis, such as the 2007–2009 global financial crisis? The purpose of this paper is threefold: First, perform a stress testing exercise on the US banking sector, while examining liquidity and solvency risk indicators jointly under the Basel III regulatory framework. Second, allow the study to cover the post-crisis period, while referring to key Basel III regulatory requirements. And third, focus on the resilience of domestic systemically important banks (D-SIBs), which are supposed to support the US financial system in times of stress and therefore whose failure causes the entire financial system to fail.

Design/methodology/approach

The authors used a sample of the 24 largest US banks observed over the period Q1-2015 to Q1-2021 and a scenario-based vector autoregressive conditional forecasting approach.

Findings

The authors found that the model successfully produces accurate forecasts and simulates the responses of the solvency and liquidity indicators to different real and historical macroeconomic shocks. The authors also found that the US banking sector is resilient and can withstand both historical and hypothetical macroeconomic shocks because of its compliance with the Basel III capital and liquidity regulations, which consist of encouraging banks to hold high-quality liquid assets and stable funding resources and to strengthen their capital, which absorbs the losses incurred in a crisis.

Originality/value

The authors developed a framework for testing the resilience of the US banking sector under macroeconomic shocks, while examining liquidity and solvency risk indicators jointly under Basel III regulatory framework, a point not yet well studied elsewhere, and most studies on this subject are based on precrisis data. The authors also focused on the resilience of D-SIBs, whose failure causes the failure of the entire financial system, which previous studies have failed to examine.

Details

Journal of Economic Studies, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0144-3585

Keywords

Article
Publication date: 12 January 2023

Steffany N. Cerda-Avila, Hugo Iván Medellín-Castillo, José M. Cervántes-Uc, Alejandro May-Pat and Aarón Rivas-Menchi

The purpose of this study is twofold: firstly, to investigate the effect of the infill value and build orientation on the fatigue behaviour of polylactic acid (PLA) specimens made…

Abstract

Purpose

The purpose of this study is twofold: firstly, to investigate the effect of the infill value and build orientation on the fatigue behaviour of polylactic acid (PLA) specimens made by fused filament fabrication (FFF), also known as fused deposition modelling; and secondly, to model the fatigue behaviour of PLA specimens made by FFF and similar additive manufactured parts.

Design/methodology/approach

A new methodology based on filament characterisation, infill measuring, axial fatigue testing and fatigue strength normalisation is proposed and implemented. Sixty fatigue FFF specimens made of PLA were fabricated and evaluated using variable infill percentage and build orientation. On the other hand, fatigue modelling is based on the normalised stress amplitude and the fatigue life in terms of number of cycles. In addition, a probabilistic model was developed to predict the fatigue strength and life of FFF components.

Findings

The infill percentage and build orientation have a great influence on the fatigue behaviour of FFF components. The larger the infill percentage, the greater the fatigue strength and life. Regarding the build orientation, the specimens in the up-right orientation showed a much smaller fatigue strength and life than the specimens in the flat and on-edge orientations. Regarding the fatigue behaviour modelling, the proposed Weibull model can predict with an acceptable reliability the stress-life performance of PLA-FFF components.

Research limitations/implications

This study has been limited to axial fatigue loading conditions along three different build orientations and only one type of material.

Practical implications

The results of this study are valuable to predict the fatigue behaviour of FFF parts that will work under variable loading conditions. The proposed model can help designers and manufacturer to reduce the need of experimental tests when designing and fabricating FFF components for fatigue conditions.

Originality/value

A fatigue study based on a novel experimental methodology that considers the variation of the FFF process parameters, the measurement of the real infill value and the normalisation of the results to be comparable with other studies is proposed. Furthermore, a new fatigue model able to predict the stress-life fatigue behaviour of PLA-FFF components considering variable process parameters is also proposed.

Details

Rapid Prototyping Journal, vol. 29 no. 6
Type: Research Article
ISSN: 1355-2546

Keywords

Article
Publication date: 16 January 2023

Intekhab Alam, Ahteshamul Haq, Lalit Kumar Sharma, Sumit Sharma and Ritika

In this paper, the authors design accelerated life test and provide its application in the field of accelerated life test. The authors use maximum likelihood estimation method as…

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Abstract

Purpose

In this paper, the authors design accelerated life test and provide its application in the field of accelerated life test. The authors use maximum likelihood estimation method as a parameter estimation method.

Design/methodology/approach

In this paper we design accelerated life test and provide its application in the field of accelerated life test. The authors use maximum likelihood estimation method as a parameter estimation method.

Findings

In this study, the authors design accelerated life test under Type-I censoring when the lifetime of test items follows PID and also provides its application in the field of warranty policy. The following conclusion is made on the basis of this study. (1) An inverse relationship is shown between the shape parameter with the expected total cost and expected cycle time, while the shape parameter directly relates to the expected cost rate (see Table 5). (2) A direct relationship is shown between the scale parameter with the expected total cost and expected time cycle, while the inverse relationship is shown with the expected cost rate (see Table 5). (3) An inverse relationship is shown between the replacement age and the expected cost rate, while there are direct relationships between expected total cost and expected time cycle (see Table 5).

Originality/value

This paper is neither published or neither accepted anywhere.

Details

International Journal of Quality & Reliability Management, vol. 40 no. 8
Type: Research Article
ISSN: 0265-671X

Keywords

Article
Publication date: 4 September 2023

Shahe Liang, Wenkun Liu and Zhongfan Chen

Recycled concrete is an economical and environmentally friendly green material. The shear performance of recycled concrete load-bearing masonry is studied, which is great of…

Abstract

Purpose

Recycled concrete is an economical and environmentally friendly green material. The shear performance of recycled concrete load-bearing masonry is studied, which is great of significance for its promotion and application and also has great significance for the sustainable development of energy materials.

Design/methodology/approach

In total, 30 new load-bearing block masonry samples of self-insulating recycled concrete are subjected to pure shear tests, and 42 samples are tested subjected to shear-compression composite shear tests. According to the axial design compression ratio, the test is separated into seven working conditions (0.1–0.8).

Findings

According to the test results, the recommended formula for the average shear strength along the joint section of recycled concrete block masonry is given, which can be used as a reference for engineering design. The measured shear-compression correlation curves of recycled concrete block masonry are drawn, and the proposed limits of three shear-compression failure characteristics are given. The recommended formula for the average shear strength of masonry under the theory of shear-friction with variable friction coefficient is given, providing a valuable reference for the formulation of relevant specifications and practical engineering design.

Originality/value

Simulated elastoplastic analysis and finite element modeling on the specimens are performed to verify the test results.

Details

International Journal of Structural Integrity, vol. 14 no. 5
Type: Research Article
ISSN: 1757-9864

Keywords

Article
Publication date: 29 March 2024

Aminuddin Suhaimi, Izni Syahrizal Ibrahim and Mariyana Aida Ab Kadir

This review paper seeks to enhance knowledge of how pre-loading affects reinforced concrete (RC) beams under fire. It investigates key factors like deflection and load capacity to…

Abstract

Purpose

This review paper seeks to enhance knowledge of how pre-loading affects reinforced concrete (RC) beams under fire. It investigates key factors like deflection and load capacity to understand pre-loading's role in replicating RC beams' actual responses to fire, aiming to improve fire testing protocols and structural fire engineering design.

Design/methodology/approach

This review systematically aggregates data from existing literature on the fire response of RC beams, comparing scenarios with (WP) and without pre-loading (WOP). Through statistical tools like the two-tailed t-test and Mann–Whitney U-test, it assesses deflection extremes. The study further examines structural responses, including flexural and shear behavior, ultimate load capacity, post-yield behavior, stiffness degradation and failure modes. The approach concludes with a statistical forecast of ideal pre-load levels to elevate experimental precision and enhance fire safety standards.

Findings

The review concludes that pre-loading profoundly affects the fire response of RC beams, suggesting a 35%–65% structural capacity range for realistic simulations. The review also recommended the initial crack load as an alternative metric for determining the pre-loading impact. Crucially, it highlights that pre-loading not only influences the fire response but also significantly alters the overall structural behavior of the RC beams.

Originality/value

The review advances structural fire engineering with an in-depth analysis of pre-loading's impact on RC beams during fire exposure, establishing a validated pre-load range through thorough statistical analysis and examination of previous research. It refines experimental methodologies and structural design accuracy, ultimately bolstering fire safety protocols.

Details

Journal of Structural Fire Engineering, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2040-2317

Keywords

Article
Publication date: 9 January 2024

Shengfu Xue, Zhengping He, Bingzhi Chen and Jianxin Xu

This study investigates the fitting techniques for notch fatigue curves, seeking a more reliable method to predict the lifespan of welded structures.

Abstract

Purpose

This study investigates the fitting techniques for notch fatigue curves, seeking a more reliable method to predict the lifespan of welded structures.

Design/methodology/approach

Building on the fatigue test results of butt and cruciform joints, this research delves into the selection of fitting methods for the notch fatigue curve of welded joints. Both empirical formula and finite element methods (FEMs) were employed to assess the notch stress concentration factor at the toe and root of the two types of welded joints. Considering the mean stress correction and weld misalignment coefficients, the notch fatigue life curves were established using both direct and indirect methods.

Findings

An engineering example was employed to discern the differences between the direct and indirect approaches. The findings highlight the enhanced reliability of the indirect method for fitting the fatigue life curve.

Originality/value

While the notch stress approach is extensively adopted due to its accurate prediction of component fatigue life, most scholars have overlooked the importance of its curve fitting methods. Existing literature scantily addresses the establishment of these curves. This paper offers a focused examination of fatigue curve fitting techniques, delivering valuable perspectives on method selection.

Details

International Journal of Structural Integrity, vol. 15 no. 2
Type: Research Article
ISSN: 1757-9864

Keywords

Open Access
Article
Publication date: 30 March 2023

Guilherme Duarte, Ana M.A. Neves and António Ramos Silva

The goal of this work is to create a computational finite element model to perform thermoelastic stress analysis (TSA) with the usage of a non-ideal load frequency, containing the…

Abstract

Purpose

The goal of this work is to create a computational finite element model to perform thermoelastic stress analysis (TSA) with the usage of a non-ideal load frequency, containing the effects of the material thermal properties.

Design/methodology/approach

Throughout this document, the methodology of the model is presented first, followed by the procedure and results. The last part is reserved to results, discussion and conclusions.

Findings

This work had the main goal to create a model to perform TSA with the usage of non-ideal loading frequencies, considering the materials’ thermal properties. Loading frequencies out of the ideal range were applied and the model showed capable of good results. The created model reproduced acceptably the TSA, with the desired conditions.

Originality/value

This work creates a model to perform TSA with the usage of non-ideal loading frequencies, considering the materials’ thermal properties.

Details

International Journal of Structural Integrity, vol. 14 no. 3
Type: Research Article
ISSN: 1757-9864

Keywords

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