This paper presents a model on the leverage of …nancial intermediaries, where debt are held by risk averse agents and equity by the risk neutral. The paper shows that in an unregulated competitive market, …nancial intermediaries choose to be leveraged over the social best level. This is because the leverage of one intermediary imposes a negative externality upon others by reducing their pro…t m...

The operability limits of a supersonic combustion engine for an air-breathing hypersonic vehicle are characterized using numerical simulations and an uncertainty quantification methodology. The time-dependent compressible flow equations with heat release are solved in a simplified configuration. Verification, calibration and validation are carried out to assess the ability of the model to repro...

Preaspiration is usually associated with stops rather than fricatives, both at phonological and phonetic levels of description. This study reports the occurrence of phonetic (nonnormative) preaspiration of voiceless fricatives in Scottish Standard English (SSE) spoken in the Central Belt of Scotland. We classify it as non-normative because it is variably present in different speakers, but the d...

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A review of uncertainty quantification techniques is provided for a variety situations involving uncertainties in model inputs (independent variables). The interest are divided into three categories: (i) when prediction quantified based on uncertain inputs, (ii) parameter estimate calculated by propagation from measured and outputs, (iii) corresponding estimates. For all situations, linearizati...

this paper evaluates the real exchange rate fluctuations and uncertainties resulting from it, in the iranian economy. for this purpose, at first indirect effect of real exchange rate uncertainties on economic growth through foreign investment, private investment and exports are expressed, then the real exchange rate uncertainties and its relationship with economic growth and final pattern of in...

this paper proposes a novel robust control scheme based on delay-dependent h∞for unified power quality conditioner (upqc) in a microgrid under the influence of the delay and parameter uncertainties. a new upqc model considering the effects of the delay and parameter uncertainties is established. then, the h∞ controller is designed based on the cone complementarity linearization (ccl) algorithm....