4,047 research outputs found

    A Logical Approach to Cooperative Information Systems

    Get PDF
    ``Cooperative information system management'' refers to the capacity of several computing systems to communicate and cooperate in order to acquire, store, manage, query data and knowledge. Current solutions to the problem of cooperative information management are still far from being satisfactory. In particular, they lack the ability to fully model cooperation among heterogeneous systems according to a declarative style. The use of a logical approach to model all aspects of cooperation seems very promising. In this paper, we de®ne a logical language able to support cooperative queries, updates and update propagation. We model the sources of information as deductive databases, sharing the same logical language to ex- press queries and updates, but containing independent, even if possibly related, data. We use the Obj-U-Datalog (E. Bertino, G. Guerrini, D. Montesi, Toward deductive object data- bases, Theory and Practice of Object Systems 1 (1) (1995) 19±39) language to model queries and transactions in each source of data. Such language is then extended to deal with active rules in the style of Active-U-Datalog (E. Bertino, B. Catania, V. Gervasi, A. Ra aet a, Ac- tive-U-Datalog: Integrating active rules in a logical update language, in: B. Freitag, H. Decker, M. Kifer, A. Voronkov (Eds.), LBCS 1472: Transactions and Change in Login Databases, 1998, pp. 106±132), interpreted according to the PARK semantics proposed in G. Gottlob, G. Moerkotte, V.S. Subrahmanian (The PARK semantics for active rules, in: P.M.G. Apers, M. Bouzeghoub, G. Gardarin (Eds.), LNCS 1057: Proceedings of the Fifth International Con- ference on Extending Database Technology, 1996, pp. 35±55). By using active rules, a system can e ciently perform update propagation among di erent databases. The result is a logical environment, integrating active and deductive rules, to perform update propagation in a cooperative framework

    T-infinity: The Dependency Inversion Principle for Rapid and Sustainable Multidisciplinary Software Development

    Get PDF
    The CFD Vision 2030 Study recommends that, NASA should develop and maintain an integrated simulation and software development infrastructure to enable rapid CFD technology maturation.... [S]oftware standards and interfaces must be emphasized and supported whenever possible, and open source models for noncritical technology components should be adopted. The current paper presents an approach to an open source development architecture, named T-infinity, for accelerated research in CFD leveraging the Dependency Inversion Principle to realize plugins that communicate through collections of functions without exposing internal data structures. Steady state flow visualization, mesh adaptation, fluid-structure interaction, and overset domain capabilities are demonstrated through compositions of plugins via standardized abstract interfaces without the need for source code dependencies between disciplines. Plugins interact through abstract interfaces thereby avoiding N 2 direct code-to-code data structure coupling where N is the number of codes. This plugin architecture enhances sustainable development by controlling the interaction between components to limit software complexity growth. The use of T-infinity abstract interfaces enables multidisciplinary application developers to leverage legacy applications alongside newly-developed capabilities. While rein, a description of interface details is deferred until the are more thoroughly tested and can be closed to modification

    Three essays on commodity markets

    Get PDF
    This dissertation consists of three essays that investigate issues in agricultural commodity futures and cash markets. The first essay uses price discovery measures and intraday data to quantify the proportional contribution of nearby and deferred contracts in price discovery in the corn and live cattle futures markets. On average, nearby contracts reflect information more quickly than deferred contracts in the corn market but have a relatively less dominant role in the live cattle market. In both markets, the nearby contract loses dominance when its relative volume share dips below 50%, which typically occurs when the nearby is close to maturity. Regression results indicate that the share of price discovery is mainly related to trading volume and time to expiration in both markets. In the corn market, the price discovery share between nearby and deferred contracts is also related to inverse carrying charges, crop year differences, USDA announcements, market crashes, and commodity index position rolls. Differences between corn and live cattle markets are consistent with differences in the contracts’ liquidity and commodity storability. The second essay investigates the effect of algorithmic trading activity, as measured by quoting, on the corn, soybean, and live cattle commodity futures market quality. Using the CME’s limit-order-book data and a heteroskedasticity-based identification approach, we find more intensive algorithmic quoting (AQ) is beneficial in multiple dimensions of market quality. On average, AQ improves pricing efficiency and mitigates short-term volatility, but its effects on liquidity costs are somewhat mixed. Increased AQ significantly narrows effective spreads in the corn and soybean markets, but not in the less traded live cattle futures market. The narrowing in effective spreads emerges from a reduction in adverse selection costs as more informed traders lose their market advantage. There also is evidence that liquidity provider revenues increase with heightened AQ activity in the corn futures market, albeit the effect is not statistically significant in the soybean and live cattle futures markets. The third essay investigates how export prices and sales responses to exchange rate movements are affected by the level of the stocks-to-use ratio. The analysis is performed in the corn, soybean, and wheat export markets using Threshold Vector Autoregressive (TVAR) models and monthly data for the January 1990-December 2019 period. Both importer and exporter exchange rates are considered in our analysis. Results show that the effects of both importer and exporter exchange rates on corn export prices and sales are either insignificant or have small economic value due to the relatively small export share of production. In the more export-oriented soybean and wheat markets, an increase in the value of the dollar relative to other exporters’ currencies causes an expected and significant decrease in the export price, but export sales are not significantly affected which reflects the low substitutability between the U.S. exports and competitors’ exports in terms of marketing seasons and crop classes. The effects of importer exchange rates present significant threshold effects in soybean and wheat markets as export prices and sales are more responsive in the low regime of stocks-to-use ratio. Similar threshold effects are also found in the exporter exchange rate impacts on corn export prices and sales. However, the impacts across regimes are not largely different in economic value
    • …
    corecore