In this paper, we set out the JEM (Japanese Economic Model), a large macroeconomic model of the Japanese Economy. Although the JEM is a theoretical model designed with a view to overcoming the Lucas (1976) critique of traditional large macroeconomic models, it can also be used for both...

In this paper, an artificial neural network-based genetic algorithm (ANN-GA) model was developed for generating the sizing curve of stand-alone photovoltaic (SAPV) systems. Firstly, a numerical method is used for generating the sizing curves for different loss of load probability (LLP)...

Shallow north part of the Caspian Sea is part of the most important region of the Caspian Sea. The Northeast part, especially its coastal zone, is unexplored areas of the Caspian Sea. In last years the north part of the Caspian Sea became one of the main sources of pollution of the whole sea....

We analyze and compare the errors of two numerical approaches for measuring compensated income. We prove that Vartia’s algorithm and Breslaw and Smith’s algorithm both converge quadratically; when the price change within each partition step is small, the error of Vartia’s algorithm is...

We consider the problem of modeling traffic phenomena at a macroscopic level. Increasing availability of streaming probe data allowing the observation of non-stationary traffic motivates the development of models capable of leveraging this information. We propose a phase transition model of...

We consider an intertemporal economy with liquidity constrained and unconstrained individuals. A liquidity constraint prevents marketability of future income and thus endogenously generates market incompleteness. In contrast with the existing literature on portfolio constraints, our liquidity...

The purpose of this paper is to present a numerical method to solve partial stochastic differential equations. This concept remains the differential operator unchanged but discretizes the dimension of the problem. The response function will be decomposed by the Karhunen--Loeve expansion and...