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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
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
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Dispersal barriers have demographic, evolutionary and ecosystem-wide consequences. With ongoing changes in the environment, it is likely that some dispersal barriers will disappear while others will appear, and it is crucial to understand these dynamics to forecast species distributions and adaptive potential. Here we review recent literature on the ecological and evolutionary aspects of dispersal
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
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,
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