Introducing a new operational policy: The PIS operational policy

Introducing a new operational policy: The PIS operational policy

A novel operational policy, the Process Intermediate Storage operational policy, is introduced and used to synthesize, schedule and design multipurpose batch plants. The model is based on the State Sequence Network and non-uniform discretization of the time horizon of interest model developed by Majozi and Zhu [Majozi, T., Zhu, X. (2001). A novel continuous-time MILP formulation for multipurpos...

Robust learning stability with operational monetary policy rules

We consider the robust stability of a rational expectations equilibrium, which we define as stability under discounted (constant gain) least-squares learning, for a range of gain parameters. We find that for operational forms of policy rules, ie rules that do not depend on contemporaneous values of endogenous aggregate variables, many interest-rate rules do not exhibit robust stability. We cons...

Managing Information Systems: Policy Planning, Strategic Planning and Operational Planning

Cyberspace as a Complex Adaptive System and the Policy and Operational Implications for Cyberwarfare

CYBERSPACE AS A COMPLEX ADAPTIVE SYSTEM AND THE POLICY AND OPERATIONAL IMPLICATIONS FOR CYBER WARFARE, by Major Albert O. Olagbemiro, USAF, 47 pages. The overall implication of depicting cyberspace as a complex, adaptive ecosystem is that it provides an avenue for further insight and understanding of the complexities associated with operating in cyberspace. This renewed reality highlights a sou...

The Post - Crisis Design of the Operational Framework for the Implementation of Monetary Policy –

Asset price bubbles are considered to be a major risk to fi nancial stability. In this article, we show that an asset price bubble poses a bigger risk when banks are exposed to it. This is because when the bubble bursts, banks realise losses and this may trigger bank failures and a credit crunch. In contrast, when overvalued assets are held by ordinary savers, the consequences for fi nancial st...