THE COST STRUCTURE OF MICROFINANCE INSTITUTIONS IN EASTERN EUROPE AND CENTRAL ASIA

Microfinance institutions are important, particularly in developing countries, because they expand the frontier of financial intermediation by providing loans to those traditionally excluded from formal financial markets. This paper presents the first systematic statistical examination of the performance of MFIs operating in Eastern Europe and Central Asia. A cost function is estimated for MFIs in the region from 1999-2004. First, the presence of subsidies is found to be associated with higher MFI costs. When output is measured as the number of loans made, we find that MFIs become more efficient over time and that MFIs involved in the provision of group loans and loans to women have lower costs. However, when output is measured as volume of loans rather than their number, this last finding is reversed. This may be due to the fact that such loans are smaller in size; thus for a given volume more loans must be made.http://deepblue.lib.umich.edu/bitstream/2027.42/40195/3/wp809.pd

Comparative performance of some popular ANN algorithms on benchmark and function approximation problems

We report an inter-comparison of some popular algorithms within the artificial neural network domain (viz., Local search algorithms, global search algorithms, higher order algorithms and the hybrid algorithms) by applying them to the standard benchmarking problems like the IRIS data, XOR/N-Bit parity and Two Spiral. Apart from giving a brief description of these algorithms, the results obtained for the above benchmark problems are presented in the paper. The results suggest that while Levenberg-Marquardt algorithm yields the lowest RMS error for the N-bit Parity and the Two Spiral problems, Higher Order Neurons algorithm gives the best results for the IRIS data problem. The best results for the XOR problem are obtained with the Neuro Fuzzy algorithm. The above algorithms were also applied for solving several regression problems such as cos(x) and a few special functions like the Gamma function, the complimentary Error function and the upper tail cumulative $\chi^2$-distribution function. The results of these regression problems indicate that, among all the ANN algorithms used in the present study, Levenberg-Marquardt algorithm yields the best results. Keeping in view the highly non-linear behaviour and the wide dynamic range of these functions, it is suggested that these functions can be also considered as standard benchmark problems for function approximation using artificial neural networks.Comment: 18 pages 5 figures. Accepted in Pramana- Journal of Physic

Load-settlement modelling of axially loaded drilled shafts using CPT-based recurrent neural networks

The design of pile foundations requires good estimation of the pile load-carrying capacity and settlement. Design for bearing capacity and design for settlement have been traditionally carried out separately. However, soil resistance and settlement are influenced by each other, and the design of pile foundations should thus consider the bearing capacity and settlement inseparably. This requires the full load–settlement response of piles to be well predicted. However, it is well known that the actual load–settlement response of pile foundations can be obtained only by load tests carried out in situ, which are expensive and time-consuming. In this paper, recurrent neural networks (RNNs) were used to develop a prediction model that can resemble the full load–settlement response of drilled shafts (bored piles) subjected to axial loading. The developed RNN model was calibrated and validated using several in situ full-scale pile load tests, as well as cone penetration test (CPT) data. The results indicate that the developed RNN model has the ability to reliably predict the load–settlement response of axially loaded drilled shafts and can thus be used by geotechnical engineers for routine design practice

Migration depths of adult steelhead Oncorhynchus mykiss in relation to dissolved gas supersaturation in a regulated river system

Adult steelhead Oncorhynchus mykiss tagged with archival transmitters primarily migrated through a large river corridor at depths >2 m interspersed with frequent but short (<5 min) periods closer to the surface. The recorded swimming depths and behaviours probably provided adequate hydrostatic compensation for the supersaturated dissolved gas conditions encountered and probably limited development of gas bubble disease (GBD). Results parallel those from a concurrent adult Chinook salmon Oncorhynchus tshawytscha study, except O. mykiss experienced greater seasonal variability and were more likely to have depth uncompensated supersaturation exposure in some dam tailraces, perhaps explaining the higher incidence of GBD in this species

Reduced Basis representations of multi-mode black hole ringdown gravitational waves

We construct compact and high accuracy Reduced Basis (RB) representations of single and multiple quasinormal modes (QNMs). The RB method determines a hierarchical and relatively small set of the most relevant waveforms. We find that the exponential convergence of the method allows for a dramatic compression of template banks used for ringdown searches. Compressing a catalog with a minimal match \MMm=0.99, we find that the selected RB waveforms are able to represent {\em any} QNM, including those not in the original bank, with extremely high accuracy, typically less than $10^{-13}$. We then extend our studies to two-mode QNMs. Inclusion of a second mode is expected to help with detection, and might make it possible to infer details of the progenitor of the final black hole. We find that the number of RB waveforms needed to represent any two-mode ringdown waveform with the above high accuracy is {\em smaller} than the number of metric-based, one-mode templates with \MMm=0.99. For unconstrained two-modes, which would allow for consistency tests of General Relativity, our high accuracy RB has around $10^4$ {\em fewer} waveforms than the number of metric-based templates for \MMm=0.99. The number of RB elements grows only linearly with the number of multipole modes versus exponentially with the standard approach, resulting in very compact representations even for many multiple modes. The results of this paper open the possibility of searches of multi-mode ringdown gravitational waves.Comment: Edits to match the final version to appear in Classical and Quantum Gravit

Gravitational Waves From Known Pulsars: Results From The Initial Detector Era

We present the results of searches for gravitational waves from a large selection of pulsars using data from the most recent science runs (S6, VSR2 and VSR4) of the initial generation of interferometric gravitational wave detectors LIGO (Laser Interferometric Gravitational-wave Observatory) and Virgo. We do not see evidence for gravitational wave emission from any of the targeted sources but produce upper limits on the emission amplitude. We highlight the results from seven young pulsars with large spin-down luminosities. We reach within a factor of five of the canonical spin-down limit for all seven of these, whilst for the Crab and Vela pulsars we further surpass their spin-down limits. We present new or updated limits for 172 other pulsars (including both young and millisecond pulsars). Now that the detectors are undergoing major upgrades, and, for completeness, we bring together all of the most up-to-date results from all pulsars searched for during the operations of the first-generation LIGO, Virgo and GEO600 detectors. This gives a total of 195 pulsars including the most recent results described in this paper.United States National Science FoundationScience and Technology Facilities Council of the United KingdomMax-Planck-SocietyState of Niedersachsen/GermanyAustralian Research CouncilInternational Science Linkages program of the Commonwealth of AustraliaCouncil of Scientific and Industrial Research of IndiaIstituto Nazionale di Fisica Nucleare of ItalySpanish Ministerio de Economia y CompetitividadConselleria d'Economia Hisenda i Innovacio of the Govern de les Illes BalearsNetherlands Organisation for Scientific ResearchPolish Ministry of Science and Higher EducationFOCUS Programme of Foundation for Polish ScienceRoyal SocietyScottish Funding CouncilScottish Universities Physics AllianceNational Aeronautics and Space AdministrationOTKA of HungaryLyon Institute of Origins (LIO)National Research Foundation of KoreaIndustry CanadaProvince of Ontario through the Ministry of Economic Development and InnovationNational Science and Engineering Research Council CanadaCarnegie TrustLeverhulme TrustDavid and Lucile Packard FoundationResearch CorporationAlfred P. Sloan FoundationAstronom

Virgo detector characterization and data quality: tools

Detector characterization and data quality studies—collectively referred to as DetChar activities in this article—are paramount to the scientific exploitation of the joint dataset collected by the LIGO-Virgo-KAGRA global network of ground-based gravitational-wave (GW) detectors. They take place during each phase of the operation of the instruments (upgrade, tuning and optimization, data taking), are required at all steps of the dataflow (from data acquisition to the final list of GW events) and operate at various latencies (from near real-time to vet the public alerts to offline analyses). This work requires a wide set of tools which have been developed over the years to fulfill the requirements of the various DetChar studies: data access and bookkeeping; global monitoring of the instruments and of the different steps of the data processing; studies of the global properties of the noise at the detector outputs; identification and follow-up of noise peculiar features (whether they be transient or continuously present in the data); quick processing of the public alerts. The present article reviews all the tools used by the Virgo DetChar group during the third LIGO-Virgo Observation Run (O3, from April 2019 to March 2020), mainly to analyze the Virgo data acquired at EGO. Concurrently, a companion article focuses on the results achieved by the DetChar group during the O3 run using these tools