36,674 research outputs found

    Community finance initiatives: a policy success story

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    The various and conflicting notions of information

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    There are identified within the discourse a number of notions regarding the term information. This paper sets out to explore these sometimes-conflicting notions of information. The reason why conflicting notions occur is the result of different perspectives and understanding of the term information. Within the discourse two camps are identified, firstly, those who identify information as a resource and those who identify information as a processual approach enacted by individuals. The former is not uncommon within the business environment given the relationship seen between information and technology; this view simplifies information as merely structured data. The latter approach requires the involvement of individuals or more succinctly human understanding and interpretation. By viewing information as a processual process enacted by humans one is identifying an alternative view of how information is created, managed, used and developed. The aim is to discuss both views to gain clarity and understanding in terms of why the various and conflicting notions of information impact on its use within organisations. What is highlighted within this paper is that information is a complex and ambiguous term. There is no easy ‘off-the shelf’ solution to managing information. One potentially successful approach is to view information from an epistemological perspective. This requires those having to deal with this complex and ambiguous term a starting point from which to build and gain both an individual and an organisational understanding in terms of the use of information. This allows individuals to set direction, decide where to focus their effort and ultimately how to gain some control over this vital and important issue of ‘information’

    Quantitative sensitivity analysis of surface attached optical fiber strain sensor

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    Optical fiber strain sensors, in particular, the fiber Bragg grating (FBG) type, are widely applied in different applications. The most common installation method is surface-attached. In principle, the optical fiber strain sensor with adequate sampling and signal processing techniques is usually more accurate than electrical resistive strain gauge. However, the strain of the surface of structure may not transfer to the sensing element perfectly. The ratio between the measured and actual strain can be correlated by a strain transfer factor (STF). However, it depends on the material and geometrical properties of the optical fiber and adhesive. It is noneconomical and impractical to measure the STF for every installed sensor. It is desirable to identify the most of the sensitive parameters on the variation of the STF so that the quality control and assurance procedure can be performed more efficiently. In this paper, a quantitative global sensitivity analysis, called extended Fourier amplitude sensitivity test will be performed to compute the first-order and total sensitivity indexes based on a well-established semi-analytical/empirical mechanical model of three material and five geometrical parameters of both integral and optical FBG type optical fiber strain sensor with two different kinds of polymeric coating under three types of strain field in 16 different configurations. From the detail analysis, the most of the sensitive parameters on the STF are bond length, the thickness of adhesive beneath the optical fiber and the deviation of grating position, which are related to workmanship instead of the material properties of the optical fiber and adhesive

    The impact of financial inclusion interventions on the economy of Calderdale – final technical report

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    This study quantifies the wider effects of financial inclusion interventions in Calderdale on both the local and regional economy

    Research into financial exclusion in Rochdale - final technical report

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    This report presents the findings and recommendations of research conducted on the extent and nature of financial exclusion in Rochdale

    Dynamic Programming for General Linear Quadratic Optimal Stochastic Control with Random Coefficients

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    We are concerned with the linear-quadratic optimal stochastic control problem with random coefficients. Under suitable conditions, we prove that the value field V(t,x,ω),(t,x,ω)[0,T]×Rn×ΩV(t,x,\omega), (t,x,\omega)\in [0,T]\times R^n\times \Omega, is quadratic in xx, and has the following form: V(t,x)=Ktx,xV(t,x)=\langle K_tx, x\rangle where KK is an essentially bounded nonnegative symmetric matrix-valued adapted processes. Using the dynamic programming principle (DPP), we prove that KK is a continuous semi-martingale of the form Kt=K0+0tdks+i=1d0tLsidWsi,t[0,T]K_t=K_0+\int_0^t \, dk_s+\sum_{i=1}^d\int_0^tL_s^i\, dW_s^i, \quad t\in [0,T] with kk being a continuous process of bounded variation and E[(0TLs2ds)p]<,p2;E\left[\left(\int_0^T|L_s|^2\, ds\right)^p\right] <\infty, \quad \forall p\ge 2; and that (K,L)(K, L) with L:=(L1,,Ld)L:=(L^1, \cdots, L^d) is a solution to the associated backward stochastic Riccati equation (BSRE), whose generator is highly nonlinear in the unknown pair of processes. The uniqueness is also proved via a localized completion of squares in a self-contained manner for a general BSRE. The existence and uniqueness of adapted solution to a general BSRE was initially proposed by the French mathematician J. M. Bismut (1976, 1978). It had been solved by the author (2003) via the stochastic maximum principle with a viewpoint of stochastic flow for the associated stochastic Hamiltonian system. The present paper is its companion, and gives the {\it second but more comprehensive} adapted solution to a general BSRE via the DDP. Further extensions to the jump-diffusion control system and to the general nonlinear control system are possible.Comment: 16 page

    Proof of concept - Community Land Trusts

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    This ‘proof of concept’ report seeks to examine and quantify the progress made by Community Land Trusts (CLTs) now that there are a significant number of homes on the ground. Through the evidence of the case studies it will also look at the lessons learnt
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