Capital ages and must eventually be replaced. We propose a theory of financing in which firms borrow to finance investment and deleverage as capital ages to have enough financial slack to finance replacement investments. To achieve these dynamics, firms is ...
The COVID-19 pandemic has demonstrated the importance and value of multi-period asset allocation strategies responding to rapid changes in market behavior. In this article, we formulate and solve a multi-stage stochastic optimization problem, choosing the ...
I started my PhD studies in August 2014 with a strong desire to push my own limits without knowing precisely the areas I wanted to cover in detail. To me, it was clear that I was interested by many different fields, however, I was particularly concerned wi ...
This paper proposes a nonmodel-based framework for estimating story-based engineering demand parameters (EDPs) in instrumented steel frame buildings with steel moment-resisting frames (MRFs). The proposed framework utilizes a wavelet-based damage-sensitive ...
The Internet, a classic Schumpeterian innovation, has profoundly altered our lives and influenced the ways we do business. It is now widely accepted by policy makers, scholars, and enterprises that the Internet and related information technologies are the ...
Following decades of massive digitization, an unprecedented amount of historical document facsimiles can now be retrieved and accessed via cultural heritage online portals. If this represents a huge step forward in terms of preservation and accessibility, ...
Infrastructure (asset) risk management is essential for a resilient environment. Several industries are concerned to improve their building asset preparedness subject to seismic hazard. To this end, the development of software tools that quantify and asses ...
The physical or engineering assets within modern industries have consistently been considered as the core elements of significant value that constitute the backbone for success and overall growth. Ensuring the optimal performance of an asset is a crucial a ...
