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Despite the potential of Industry 4.0 and increasing interest from manufacturing industry, adoption is still lacking behind in SMEs industry. In this paper, we explore why happening. The research based on a multiple case study 24 small medium sized Danish companies, which have all started their journey. We analyze data perspective dynamic capabilities. Our findings show that companies experienc...
We consider a two-period portfolio problem with predictable assets returns. First-order (second-order) predictability means that an increase in the first period return yields a first-order (second-order) stochastically dominated shift in the distribution of the second period state prices. Mean reversion in stock returns, Bayesian learning, stochastic volatilities and stochastic interest rates (...
A very ’physical’ approach to this phenomenon can be made by making use of the linearity of Stokes equations and symmetries of the system. Here, we preform detailed calculations according to hints from Exercise 2.9 from the textbook [Kim & Karilla]. As the Stokes equations are linear in p and v, the pressure field p(r) can be written as a scalar product of a certain vector field P(r) and the po...
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