s p o n s o r e d   l i n k s

micro economics

Machining Data Handbook 3rd Edition Volume Two.pdf

February 17, 2010 · Filed Under Mechanical & Industrial Engineering · Comment  · Tags: , , , ,

This handbook was compiled by the Technical Staff of the Machinability Data Center A DoD Information Analysis Center Sponsored by the Army Materials and Mechanics Research Center, to help engineers and professional in corresponding fields get the accurate datas on machining processes.

s p o n s o r e d   l i n k s


An Artificial Market Model of a Foreign Exchange Market.pdf

October 23, 2009 · Filed Under Trading · 1 Comment  · Tags: , , , ,

In this study, the author proposes a new approach to foreign exchange (forex) market studies: the artificial market approach - by integrating fieldwork studies and multiagent computer models in order to explain the micro and macro relation in markets, as another downloadable model does by considering final consumers.
The proposed artificial market approach is constituted by three steps:
First, in order to investigate the learning patterns of actual dealers, the author carried out both interviews and questionnaires. These field data made it clear that each dealer improved his or her prediction method by replacing (a part of) his or her opinions about facts with other dealers’ opinion.
Second, the author constructed a multiagent model of a foreign exchange market. Considering the result of the analysis of the field data, the interaction of agents’ learning were described with genetic algorithms.
Finally, emergent phenomena at the market level were analyzed onthe basis of the simulation results of the model. The results showed that bubbles in exchange rates were caused by the interaction between the agents’ forecasts and the relationship of demand and supply. Other emergent phenomena were explained by the concept of the phase transition of forecast variety.
The simulation results were supported by further empirical data.

Emergent Macroeconomics - An Agent-Based Approach to Business Fluctuations.pdf

October 21, 2009 · Filed Under Social Economic · Comment  · Tags: , ,

This macroeconomics ebook summarizes a crucial strand of research based on heterogeneous agents addressing and explaining key stylized facts of real world.

Principles of Microeconomics.pdf

October 21, 2009 · Filed Under Social Economic · Comment  · Tags: , , , , ,

Microeconomics is a branch of economics that studies how individuals and firms make decisions to allocate limited resources, typically in markets where goods or services are being bought and sold.

Best Practices for Sustainable Development of Micro Hydro Power in Developing Countries.pdf

September 1, 2009 · Filed Under Civil & Architectural Engineering · Comment  · Tags: , , , , ,

Taken from Introduction: Micro hydro, defined as a plant between 10 kW and 200 kW, is perhaps the most mature of the modern small-scale decentralised energy supply technologies used in developing countries. There are thought to be tens of thousands of plants in the ‘micro’ range operating successfully in China 2, and significant numbers are operated in wide ranging countries such as Nepal, Sri Lanka, Pakistan, Vietnam and Peru. This experience shows that in certain circumstances micro hydro can be profitable in financial terms, while at others, unprofitable plants can exhibit such strong positive impacts on the lives of poor people and the environment that they may well justify subsidies.

The evidence from this extensive experience shows such wide variation in terms of cost, profitability and impact, that it has often been difficult for investors and rural people to determine whether, and under what circumstances, this technology is viable and best meets their needs.

Whilst supplying improved energy services to people for the first time is difficult, supplying such services profitably to very poor people who live far away from roads and the electricity grid poses a particularly difficult challenge. This report shows that micro hydro compares well with other energy supply technologies in these difficult markets. Despite this micro hydro appears to have been relatively neglected by donors, the private sector and governments in the allocation of resources and attention. In the past, rural electrification by means of grid extension was the option favoured by donors. More recently the fashion has switched towards photovoltaics, probably because of its higher foreign content, and the higher added value returned to the metropolitan countries.

The relative neglect of micro hydro has also been in part due to the fact that the circumstances under which it is financially profitable have not been systematically established, at least not in ways that investors find credible. In addition, while it is known that the growth and sustainability of the micro hydro sub-sector depends on certain types of infrastructure and institutional investments, it was often not clear which elements ofthis ‘enabling environment’ were essential, nor how they were best financed.