This monograph is devoted to the modern theory of capital cost and capital structure and its application to the real economy. In particular, it presents a possible explanation to the causes of global financial crisis. The authors of the book modify the theory of Nobel Prize winners Modigliani and Miller to describe an alternative theory of capital cost and capital structure that can be applied …
These lecture notes provide a self-contained introduction to regularity theory for elliptic equations and systems in divergence form. After a short review of some classical results on everywhere regularity for scalar-valued weak solutions, the presentation focuses on vector-valued weak solutions to a system of several coupled equations. In the vectorial case, weak solutions may have discontinui…
This monograph presents a unified approach to model-based processing for underwater acoustic arrays. The use of physical models in passive array processing is not a new idea, but it has been used on a case-by-case basis, and as such, lacks any unifying structure. This work views all such processing methods as estimation procedures, which then can be unified by treating them all as a form of joi…
Ionela PRODAN received the B.Eng. degree from the University “Politehnica” of Bucharest, Romania in 2009 and the PhD degree in Control Engineering from Supélec, Gif-sur-Yvette, France in 2012. She followed a postdoctoral fellowship within the Chair on Systems Science and the Energetic Challenge - EDF, École Centrale Paris and Supélec, France from 2013 to 2014. Her PhD thesis “Control o…
Focusing on life insurance and pensions, this book addresses various aspects of modelling in modern insurance: insurance liabilities; asset-liability management; securitization, hedging, and investment strategies. With contributions from internationally renowned academics in actuarial science, finance, and management science and key people in major life insurance and reinsurance companies, ther…
For the first time, a textbook that brings together classical predictive control with treatment of up-to-date robust and stochastic techniques. Model Predictive Control describes the development of tractable algorithms for uncertain, stochastic, constrained systems. The starting point is classical predictive control and the appropriate formulation of performance objectives and constraints to…
This book is a comprehensive introduction of the reader into the simulation and modelling techniques and their application in the management of organisations. The book is rooted in the thorough understanding of systems theory applied to organisations and focuses on how this theory can apply to econometric models used in the management of organisations. The econometric models in this book employ…
This Brief concerns the chemical risk in food products from the viewpoint of microbiology. The “Hazard Analysis and Critical Control Point” (HACCP) approach, which is applied for this purpose, is dedicated to the study and the analysis of all possible dangers by food consumptions and the related countermeasures with the aim of protecting the health of consumers. This difficult objective is …
Innovative processes for the development of products and services are more and more considered as an organisational capability, which is recognised to be increasingly important for business success in today’s competitive environment. However, management and academia need a more profound understanding of these processes and to develop improved management approaches to exploit such business pot…
The book describes how plant biomass can be used as renewable feedstock for producing and further processing various products. Particular attention is given to microbial processes both for the digestion of biomass and the synthesis of platform chemicals, biofuels and secondary products. Topics covered include: new metabolic pathways of microbes living on green plants and in silage; using ligno…