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Interplay between Climate and Trade Policies

INTERNATIONAL trade has become one of the pillars of the global economic system; an overlap between climate change policies and the multi-lateral trading system administered by the World Trade Organization (WTO) therefore seems inevitable. International trade affects climate change as it potentially increases economic activity that may in turn lead to increased greenhouse gas emissions. Conversely

The Age of Turbulence - Credit Derivatives Style

This paper focuses on the many extreme credit default swap spread movements observed during the credit crisis 2007-08 and on how the tails of the spread change distribution significantly differ from those of the normal distribution. As a result, Value at Risk (VaR) estimates based on extreme value theory are found to be more accurate than those based on normal or historical distributions, particul

Mathematical Modeling of Brain Circuitry during Cerebellar Movement Control

Reconstruction of movement control properties of the brain could result in many potential advantages for application in robotics. However, a hampering factor so far has been the lack of knowledge of the structure and function of brain circuitry in vivo during movement control. Much more detailed information has recently become available for the area of the cerebellum that controls arm-hand movemen

Production scheduling in the process industry

The purpose of this paper is to formulate an optimization model for the production scheduling problem at continuous production sites. The production scheduling activity should produce a monthly schedule that accounts for orders and forecasts of all products. The plan should be updated every day, with feedback on the actual production the previous day. The actual daily production may be lower than

Learning Outcomes in Doctoral Education – Achieved and Assessed?

The development of the European Higher Education Area (EHEA) is firmly rooted in the idea of higher education (HE) as the cornerstone of a knowledge-based society. Throughout Europe, HE bodies are addressing issues of quality, mobility, employability and lifelong learning. HE agencies and institutions alike are working hard to harmonise European degrees and apply quality assurance standards (ESG,