Using the example of CarboMoG, the Carbon Flow Model of Germany, structures and processes for process-based, macro-economic material flow models were analyzed. The aim is to create a toolbox, which can be used to assemble models of this kind from building blocks, to parameterize and calculate a model, and then to use the model for analysis tasks. It was investigated whether and how toolkits exi...

Improving material efficiency is widely accepted as one of the key challenges facing manufacturers in the future. Increasing material consumption is having detrimental impacts on the environment as a result of their extraction, processing and disposal. It is clear that radical improvements in material efficiency are required to avoid further environmental damage and sustain the manufacturing se...

In this paper we consider an extension of the Sparre Andersen insurance risk model by relaxing one of its independence assumptions. The newly proposed dependence structure is introduced through the premise that the joint distribution of the interclaim time and the subsequent claim size is bivariate phase-type (see, e.g. Assaf et al. (1984) and Kulkarni (1989)). Relying on the existing connectio...

.01 This section addresses the auditor's responsibility to design and implement responses to the risks of material misstatement identified and assessed by the auditor in accordance with section 315,Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement, and to evaluate the audit evidence obtained in an audit of financial statements. Section 700, Forming an...

Integrating the flow of materials and information is a challenge, independent whether it is inside a company or between companies in the value chain. The paper refers to different surveys that seeks to explain the growth of production networks. It also propose several definitinions and descriptions of networks. Control, information, and organisational aspects, economical issues, as well as geog...

This article examines the extent of derivative financial instrument use among US nonprofit health systems and the impact of these financial instruments on their cash flows, reported operating results, and financial risks. Our examination is conducted through a case study of New Jersey hospitals and health systems. We review the existing literature on interest rate derivative instruments and US ...