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Following the framework in Oliva et al. 1987, GEMCAT II implements a flexible method to test catastrophe models containing multivariate (i.e., latent) variables while allowing for a priori variable specifications. The system uses an efficient hybrid minimization algorithm combining the Downhill...
Persistent link: https://www.econbiz.de/10005579849
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An interactive method for service design has been proposed for services that heavily depend on human expertise and performance. In this method a simulation model of the service processes is to be constructed based on ethnographic field observation, and then the model is to be validated by...
Persistent link: https://www.econbiz.de/10010990661
Volcanic activity commenced 18 July 1995 at SoufriereHills volcano and has led to the creation of a newlava dome, which has repeatedly collapsed between 1996and 1999 resulting in highly mobile pyroclastic flows. The majority of associated pyroclastic flow phenomenaare consistent with initiation...
Persistent link: https://www.econbiz.de/10010846572
This study suggests that demand management through pricing policies can be used to solve water supply problems. A demand function for water was developed using cross-sectional water data. The demand function was used in a simulation analysis to determine reservoir capacity needed to supply water...
Persistent link: https://www.econbiz.de/10010882839
Noise is widely regarded as a residual category—the unexplained variance in a linear model or the random disturbance of a predictable pattern. Accordingly, formal models often impose the simplifying assumption that the world is noise-free and social dynamics are deterministic. Where noise...
Persistent link: https://www.econbiz.de/10011265014
Against the backdrop of calls for a more just form of capitalism, this paper specifically focuses on the notion of equality within capitalist societies and utilizes findings from a computer simulation to explore which of one two fundamental principles, namely: (1) equality of opportunity; or (2)...
Persistent link: https://www.econbiz.de/10011267291
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In this paper, we propose a heterogeneous interacting agent model of a sequential monetary production economy. We use a basic dynamic flow model in an interacting agent context. The economy is assumed to be closed. There are three classes of agents: a single homogeneous representative consumer,...
Persistent link: https://www.econbiz.de/10005345272
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