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Open Access
Article
Publication date: 28 July 2023

Karunamunige Sandun Madhuranga Karunamuni, Ekanayake Mudiyanselage Kapila Bandara Ekanayake, Subodha Dharmapriya and Asela Kumudu Kulatunga

The purpose of this study is to develop a novel general mathematical model to find the optimal product mix of commercial graphite products, which has a complex production process…

Abstract

Purpose

The purpose of this study is to develop a novel general mathematical model to find the optimal product mix of commercial graphite products, which has a complex production process with alternative sub-processes in the graphite mining production process.

Design/methodology/approach

The network optimization was adopted to model the complex graphite mining production process through the optimal allocation of raw graphite, byproducts, and saleable products with comparable sub-processes, which has different processing capacities and costs. The model was tested on a selected graphite manufacturing company, and the optimal graphite product mix was determined through the selection of the optimal production process. In addition, sensitivity and scenario analyses were carried out to accommodate uncertainties and to facilitate further managerial decisions.

Findings

The selected graphite mining company mines approximately 400 metric tons of raw graphite per month to produce ten types of graphite products. According to the optimum solution obtained, the company should produce only six graphite products to maximize its total profit. In addition, the study demonstrated how to reveal optimum managerial decisions based on optimum solutions.

Originality/value

This study has made a significant contribution to the graphite manufacturing industry by modeling the complex graphite mining production process with a network optimization technique that has yet to be addressed at this level of detail. The sensitivity and scenario analyses support for further managerial decisions.

Details

International Journal of Industrial Engineering and Operations Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2690-6090

Keywords

Open Access
Article
Publication date: 15 March 2019

Tarek Saanouni

The initial value problem for a semi-linear high-order heat equation is investigated. In the focusing case, global well-posedness and exponential decay are obtained. In the…

Abstract

The initial value problem for a semi-linear high-order heat equation is investigated. In the focusing case, global well-posedness and exponential decay are obtained. In the focusing sign, global and non global existence of solutions are discussed via the potential well method.

Details

Arab Journal of Mathematical Sciences, vol. 26 no. 1/2
Type: Research Article
ISSN: 1319-5166

Keywords

Open Access

Abstract

Let Xr be an integral and non-degenerate complex variety. For any qr let rX(q) be its X-rank and S(X,q) the set of all finite subsets of X such that |S|=rX(q) and qS, where denotes the linear span. We consider the case |S(X,q)|>1 (i.e. when q is not X -identifiable) and study the set W(X)q:=SS(X,q)S, which we call the non-uniqueness set of q. We study the case dimX=1 and the case X a Veronese embedding of n. We conclude the paper with a few remarks concerning this problem over the reals.

Details

Arab Journal of Mathematical Sciences, vol. 27 no. 1
Type: Research Article
ISSN: 1319-5166

Keywords

Content available
Book part
Publication date: 16 September 2022

Pedro Brinca, Nikolay Iskrev and Francesca Loria

Since its introduction by Chari, Kehoe, and McGrattan (2007), Business Cycle Accounting (BCA) exercises have become widespread. Much attention has been devoted to the results of

Abstract

Since its introduction by Chari, Kehoe, and McGrattan (2007), Business Cycle Accounting (BCA) exercises have become widespread. Much attention has been devoted to the results of such exercises and to methodological departures from the baseline methodology. Little attention has been paid to identification issues within these classes of models. In this chapter, the authors investigate whether such issues are of concern in the original methodology and in an extension proposed by Šustek (2011) called Monetary Business Cycle Accounting. The authors resort to two types of identification tests in population. One concerns strict identification as theorized by Komunjer and Ng (2011) while the other deals both with strict and weak identification as in Iskrev (2010). Most importantly, the authors explore the extent to which these weak identification problems affect the main economic takeaways and find that the identification deficiencies are not relevant for the standard BCA model. Finally, the authors compute some statistics of interest to practitioners of the BCA methodology.

Details

Essays in Honour of Fabio Canova
Type: Book
ISBN: 978-1-80382-636-3

Keywords

Content available
Article
Publication date: 1 September 1999

Robert Sparks

Abstract

Details

International Journal of Sports Marketing and Sponsorship, vol. 1 no. 3
Type: Research Article
ISSN: 1464-6668

Keywords

Open Access
Article
Publication date: 14 December 2021

Phillip Baumann and Kevin Sturm

The goal of this paper is to give a comprehensive and short review on how to compute the first- and second-order topological derivatives and potentially higher-order topological…

Abstract

Purpose

The goal of this paper is to give a comprehensive and short review on how to compute the first- and second-order topological derivatives and potentially higher-order topological derivatives for partial differential equation (PDE) constrained shape functionals.

Design/methodology/approach

The authors employ the adjoint and averaged adjoint variable within the Lagrangian framework and compare three different adjoint-based methods to compute higher-order topological derivatives. To illustrate the methodology proposed in this paper, the authors then apply the methods to a linear elasticity model.

Findings

The authors compute the first- and second-order topological derivatives of the linear elasticity model for various shape functionals in dimension two and three using Amstutz' method, the averaged adjoint method and Delfour's method.

Originality/value

In contrast to other contributions regarding this subject, the authors not only compute the first- and second-order topological derivatives, but additionally give some insight on various methods and compare their applicability and efficiency with respect to the underlying problem formulation.

Details

Engineering Computations, vol. 39 no. 1
Type: Research Article
ISSN: 0264-4401

Keywords

Open Access
Article
Publication date: 8 February 2019

Godwin Amechi Okeke and Safeer Hussain Khan

The purpose of this paper is to extend the recent results of Okeke et al. (2018) to the class of multivalued

Abstract

The purpose of this paper is to extend the recent results of Okeke et al. (2018) to the class of multivalued ρ-quasi-contractive mappings in modular function spaces. We approximate fixed points of this class of nonlinear multivalued mappings in modular function spaces. Moreover, we extend the concepts of T-stability, almost T-stability and summably almost T-stability to modular function spaces and give some results.

Open Access
Article
Publication date: 16 February 2021

Rim Amami, Monique Pontier and Hani Abidi

The purpose of this paper is to show the existence results for adapted solutions of infinite horizon doubly reflected backward stochastic differential equations with jumps. These…

2748

Abstract

Purpose

The purpose of this paper is to show the existence results for adapted solutions of infinite horizon doubly reflected backward stochastic differential equations with jumps. These results are applied to get the existence of an optimal impulse control strategy for an infinite horizon impulse control problem.

Design/methodology/approach

The main methods used to achieve the objectives of this paper are the properties of the Snell envelope which reduce the problem of impulse control to the existence of a pair of right continuous left limited processes. Some numerical results are provided to show the main results.

Findings

In this paper, the authors found the existence of a couple of processes via the notion of doubly reflected backward stochastic differential equation to prove the existence of an optimal strategy which maximizes the expected profit of a firm in an infinite horizon problem with jumps.

Originality/value

In this paper, the authors found new tools in stochastic analysis. They extend to the infinite horizon case the results of doubly reflected backward stochastic differential equations with jumps. Then the authors prove the existence of processes using Envelope Snell to find an optimal strategy of our control problem.

Open Access
Article
Publication date: 19 April 2024

Bong-Gyu Jang and Hyeng Keun Koo

We present an approach for pricing American put options with a regime-switching volatility. Our method reveals that the option price can be expressed as the sum of two components…

Abstract

We present an approach for pricing American put options with a regime-switching volatility. Our method reveals that the option price can be expressed as the sum of two components: the price of a European put option and the premium associated with the early exercise privilege. Our analysis demonstrates that, under these conditions, the perpetual put option consistently commands a higher price during periods of high volatility compared to those of low volatility. Moreover, we establish that the optimal exercise boundary is lower in high-volatility regimes than in low-volatility regimes. Additionally, we develop an analytical framework to describe American puts with an Erlang-distributed random-time horizon, which allows us to propose a numerical technique for approximating the value of American puts with finite expiry. We also show that a combined approach involving randomization and Richardson extrapolation can be a robust numerical algorithm for estimating American put prices with finite expiry.

Details

Journal of Derivatives and Quantitative Studies: 선물연구, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1229-988X

Keywords

Open Access
Article
Publication date: 22 March 2022

Hong Zhang and Tianlin Chen

The purpose of the study is to obtain and analyze vibro-acoustic characteristics.

Abstract

Purpose

The purpose of the study is to obtain and analyze vibro-acoustic characteristics.

Design/methodology/approach

A unified analysis model for the rotary composite laminated plate and conical–cylindrical double cavities coupled system is established. The related parameters of the unified model are determined by isoparametric transformation. The modified Fourier series are applied to construct the admissible displacement function and the sound pressure tolerance function of the coupled systems. The energy functional of the structure domain and acoustic field domain is established, respectively, and the structure–acoustic coupling potential energy is introduced to obtain the energy functional. Rayleigh–Ritz method was used to solve the energy functional.

Findings

The displacement and sound pressure response of the coupled systems are acquired by introducing the internal point sound source excitation, and the influence of relevant parameters of the coupled systems is researched. Through research, it is found that the impedance wall can reduce the amplitude of the sound pressure response and suppress the resonance of the coupled systems. Besides, the composite laminated plate has a good noise reduction effect.

Originality/value

This study can provide the theoretical guidance for vibration and noise reduction.

Details

Journal of Intelligent Manufacturing and Special Equipment, vol. 3 no. 1
Type: Research Article
ISSN: 2633-6596

Keywords

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