Showing 1 - 10 of 14
This conceptual paper investigates how the metaphorical use of concepts from complexity theory may impact the way we think about human resource management theory and practice. The concepts of fractal, strange attractor and quantum self, borrowed from complexity theory are presented. Fractal...
Persistent link: https://www.econbiz.de/10009437546
Based on a classical financial market model different model variants known from the literature are discussed and analyzed, each focussing on modeling financial markets as a nonlinear dynamic system by introducing the formation of (heterogeneous) beliefs about future asset prices into the model...
Persistent link: https://www.econbiz.de/10009428980
Traditional models of financial asset yields are based on a number of simplifying assumptions. Among these are the primary assumptions that changes in asset yields are independent, and that the distribution of these yields is approximately normal. The development of financial asset pricing...
Persistent link: https://www.econbiz.de/10009481953
Numerical weather forecast errors are generated by model deficiencies and by errors in the initial conditions which interact and grow nonlinearly. With recent progress in data assimilation, the accuracy in the initial conditions has been substantially improved so that accounting for systematic...
Persistent link: https://www.econbiz.de/10009450747
expensive. The polynomial chaos approach has been shown to be more efficient than Monte Carlo for quantifying the effects of … polynomial chaos theory for parameter estimation: a Bayesian approach, and an approach using an extended Kalman filter (EKF) to … obtain the polynomial chaos representation of the uncertain states and the uncertain parameters. The two methods are applied …
Persistent link: https://www.econbiz.de/10009457571
response by changing the slope of the demand schedule can thrust the model into instability, chaos, and extinction, without … via slope preserving increases in market demand can push the model into instability, chaos, and even extinction. Finally …, we show that similar adjustments in market demand may be capable of eliminating instability and chaos rooted in powerful …
Persistent link: https://www.econbiz.de/10009444668
significantly reduce uncertainty through traditional approaches may in part be explained by chaos theory. This paper defines … deterministic chaos and demonstrates that supply chains can display some of the key characteristics of chaotic systems, namely …: chaos exhibits sensitivity to initial conditions; it has Islands of Stability; generates patterns; invalidates the …
Persistent link: https://www.econbiz.de/10009463190
subject: formation of a primary set of multidimensional data; algorithms for clusterization, visualization, and classification …
Persistent link: https://www.econbiz.de/10009478669
subject: formation of a primary set of multidimensional data; algorithms for clusterization, visualization, and classification …
Persistent link: https://www.econbiz.de/10009478934
The Water Framework Directive (WFD) proscribes specific levels of contaminates present in rivers and lakes in the UK, these contaminants come from a wide range of sources such as food additives present in faeces, agricultural runoff and drinking water additives such as iron dosing. Water...
Persistent link: https://www.econbiz.de/10009480796