Foreign exchange: macro puzzles, micro tools

This paper reviews recent progress in applying information-theoretic tools to long-standing exchange rate puzzles. I begin by distinguishing the traditional public information approach (e.g., monetary models, including new open-economy models) from the newer dispersed information approach. (The latter focuses on how information is aggregated in the trading process.) I then review empirical results from the dispersed information approach and relate them to two key puzzles, the determination puzzle and the excess volatility puzzle. The dispersed information approach has made progress on both.Foreign exchange rates

Micro-bioreactors controlled with photonic ionogel actuators

In the recent years, advances in micro-fluidic techniques for environmental applications have brought wide opportunities for improving of the capacity to monitor water quality. However, the development of fully integrated micro-fluidic devices capable of performing complex functions requires the integration of micro-valve with appropriate performance, since they are essential tools for the control and manipulation of flows in micro-channels.[1] Ionogels with incorporated spiropyran can be used as valves by photopolymerizing the gels in certain shapes. Depending on the ionic liquid, ionogels give the possibility of tuning several micro-valve actuation times and so independently control liquid flows within the channels under a common illumination source

Rheology at the micro-scale: new tools for bio-analysis

We present a simple and non-invasive experimental procedure to measure the linear viscoelastic properties of cells by passive particle tracking microrheology. In order to do this, a generalised Langevin equation is adopted to relate the timedependent thermal fluctuations of a probe sensor, immobilised to the cell’s membrane, to the frequency-dependent viscoelastic moduli of the cell. The method has been validated by measuring the linear viscoelastic response of a soft solid and then applied to cell physiology studies. It is shown that the viscoelastic moduli are related to the cell’s cytoskeletal structure, which in this work is modulated either by inhibiting the actin/myosin-II interactions by means of blebbistatin or by varying the solution osmolarity from iso- to hypo-osmotic conditions. The insights gained from this form of rheological analysis promises to be a valuable addition to physiological studies; e.g. cell physiology during pathology and pharmacological response

A novel architecture for a reconfigurable micro machining cell

There is a growing demand for machine tools that are specifically designed for the manufacture of micro-scale components. Such machine tools are integrated into flexible micro-manufacturing systems. Design objectives for such tools include energy efficiency, small footprint and importantly flexibility, with the ability to easily reconfigure the manufacturing system in response to process requirements and product demands. Such systems find application in medical, photonics, automotive and electronic industries. In this paper, a new architecture for a reconfigurable micro manufacturing system is presented. The proposed architecture comprises a micro manufacturing cell with the key design feature being a hexagonal-base on which three tool heads can be attached to three of its sides. Each such machine-tool head, or processing module, is able to perform a different manufacturing process. These tool heads are interchangeable, enabling the cell to be configured to process a wide range of components with different materials, dimensions, tolerances and specification. Additional components of the cell include manipulation robots and an automated buffer unit. Such cells can be integrated into a manufacturing system via a modular conveyor belt to transfer parts from one cell to another and into assembly. A key consideration of the architecture is a control system that is also modular and reconfigurable; such that when new processing modules are introduced the control system is aware of the change and adjusts accordingly. Further to this coordination, issues between modules and machining cells are also considered. Other design considerations include work-piece holding and manipulation. This paper provides an overview of the architecture, the key design and implementation challenges as well as a high level operational performance assessment by means of a discrete event simulation model of the micro factory cell

Design of a five-axis ultra-precision micro-milling machine—UltraMill. Part 2: Integrated dynamic modelling, design optimisation and analysis

Using computer models to predict the dynamic performance of ultra-precision machine tools can help manufacturers to substantially reduce the lead time and cost of developing new machines. However, the use of electronic drives on such machines is becoming widespread, the machine dynamic performance depending not only on the mechanical structure and components but also on the control system and electronic drives. Bench-top ultra-precision machine tools are highly desirable for the micro-manufacturing of high-accuracy micro-mechanical components. However, the development is still at the nascent stage and hence lacks standardised guidelines. Part 2 of this two-part paper proposes an integrated approach, which permits analysis and optimisation of the entire machine dynamic performance at the early design stage. Based on the proposed approach, the modelling and simulation process of a novel five-axis bench-top ultra-precision micro-milling machine tool—UltraMill—is presented. The modelling and simulation cover the dynamics of the machine structure, the moving components, the control system and the machining process and are used to predict the entire machine performance of two typical configurations

Motion planning and assembly for microassembly workstation

In general, mechatronics systems have no standard operating system that could be used for planning and control when these complex devices are running. The goal of this paper is to formulate a work platform that can be used as a method for obtaining precision in the manipulation of micro-entities using micro-scale manipulation tools for microsystem applications. This paper provide groundwork for motion planning and assembly of the Micro-Assembly Workstation (MAW) manipulation system. To demonstrate the feasibility of the idea, the paper implements some of the motion planning algorithms; it investigates the performance of the conventional Euclidean distance algorithm (EDA), artificial potential fields’ algorithm, and A* algorithm when implemented on a virtual space

Towards Efficient Modelling Of Macro And Micro Tool Deformations In Sheet Metal Forming

During forming, the deep drawing press and tools undergo large loads, and even though they are extremely sturdy\ud structures, deformations occur. This causes changes in the geometry of the tool surface and the gap width between the tools.\ud The deep drawing process can be very sensitive to these deformations. Tool and press deformations can be split into two\ud categories. The deflection of the press bed-plate or slide and global deformation in the deep drawing tools are referred to as\ud macro press deformation. Micro-deformation occurs directly at the surfaces of the forming tools and is one or two orders\ud lower in magnitude.\ud The goal is to include tool deformation in a FE forming simulation. This is not principally problematic, however, the FE\ud meshes become very large, causing an extremely large increase in numerical effort. In this paper, various methods are\ud discussed to include tool elasticity phenomena with acceptable cost. For macro deformation, modal methods or ’deformable\ud rigid bodies’ provide interesting possibilities. Static condensation is also a well known method to reduce the number of DOFs,\ud however the increasing bandwidth of the stiffness matrix limits this method severely, and decreased calculation times are not\ud expected. At the moment, modeling Micro-deformation remains unfeasible. Theoretically, it can be taken into account, but\ud the results may not be reliable due to the limited size of the tool meshes and due to approximations in the contact algorithms

Mathieu beams as versatile light moulds for 3D micro particle assemblies

We present tailoring of three dimensional light fields which act as light moulds for elaborate particle micro structures of variable shapes. Stereo microscopy is used for visualization of the 3D particle assemblies. The powerful method is demonstrated for the class of propagation invariant beams, where we introduce the use of Mathieu beams as light moulds with non-rotationally-symmetric structure. They offer multifarious field distributions and facilitate the creation of versatile particle structures. This general technique may find its application in micro fluidics, chemistry, biology, and medicine, to create highly efficient mixing tools, for hierarchical supramolecular organization or in 3D tissue engineering