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In the first place the behavior of (online) traders on markets is analyzed and modeled, and it is shown that the average investor behaves as a mean-variance optimizer in finance. Within this description, transaction costs play a key role in explaining obse ...
Process industries (PI) have thrived in recent decades, but structural changes in the markets are currently putting both growth and profitability at risk. In a period of tumbling prices, supply chain management (SCM) is increasingly viewed as an essential ...
The terrorist attacks of September 11, 2001 raised major concerns about the vulnerability of global transportation systems to transnational crime and terrorism. Although the attacks occurred in the context of passenger transport, they spurred unprecedented ...
The ongoing deregulation of electricity markets worldwide has a major impact on the power industry. New price risks require new risk management tools and new methods for the valuation of generation and transmission assets as well as existing (physical) ele ...
Biorefinery concepts refer to the integrated production of food, fuel, power, commodity chemicals, and polymers from biomass, mimicking the structure of a fossil-based refinery. The use of lignocellulosic biomass as feedstock for biorefineries has been pro ...
The FuturICT project seeks to use the power of big data, analytic models grounded in complexity science, and the collective intelligence they yield for societal benefit. Accordingly, this paper argues that these new tools should not remain the preserve of ...
The pulp and paper (P&P) industry in industrially mature countries is facing a long-term crisis. Large and modern manufacturing facilities in tropical regions emerge as new competitors. The constant increase of energy costs has also contributed to the fina ...
This paper is motivated by the objective of improving the realism of real-time simulated crowds by reducing short term collision avoidance through long term anticipation of pedestrian trajectories. For this aim, we choose to reuse outdoor pedestrian trajec ...
Among the different natural hazards, rockfall has an important place even though other natural hazards could affect more people or have greater consequences. The phenomenon may be further classified according to the size of the largest blocks and the total ...