1.

Record Nr.

UNINA9910703352503321

Autore

Flood Robert P

Titolo

A Model of Stochastic Process Switching / / Robert P. Flood, Peter M. Garber

Pubbl/distr/stampa

Cambridge, Mass, : National Bureau of Economic Research, 1981

[Washington, D.C.] : , : [Board of Governors of the Federal Reserve System], , [1982]

Descrizione fisica

1 online resource : illustrations (black and white);

Collana

NBER working paper series ; no. w0626

Altri autori (Persone)

GarberPeter M

Soggetti

Foreign exchange - Mathematical models

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

February 1981.

Nota di bibliografia

Includes bibliographical references (page 15).

Sommario/riassunto

In this paper we develop a rational expectations exchange rate model which is capable of confronting explicitly agents' beliefs about a future switch in exogenous driving processes. In our set-up the agents know with certainty both the initial exogenous process and the new process to be adopted when the switch occurs. However, they do not know with certainty the timing of future switch as it depends on the path followed by the (stochastic) exchange rate. The model is discussed in terms of the British return to pre-war parity, in 1925. However, our results are applicable to a variety of situations where process switching depends on the motion of a key endogenous variable.



2.

Record Nr.

UNINA9911020463203321

Autore

André Jean-Claude

Titolo

Knowledge Production Modes Between Science and Applications 1 : Concepts

Pubbl/distr/stampa

Newark : , : John Wiley & Sons, Incorporated, , 2024

©2024

ISBN

9781394275854

1394275854

9781394275830

1394275838

Edizione

[1st ed.]

Descrizione fisica

1 online resource (286 pages)

Collana

Systems and industrial engineering series

Disciplina

303.48/3

Soggetti

Technological innovations

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di contenuto

Cover -- Title Page -- Copyright Page -- Contents -- Foreword: Additive Manufacturing: From 3D Printing to Bio-printing -- Preface -- Introduction -- Chapter 1. Invention: Creativity to Proof of Concept -- 1.1. Introduction: concepts and the innovation "valleys of death" -- 1.1.1. A look back at creativity -- 1.1.2. Creativity, disruption and crisis -- 1.1.3. Methods for developing creativity -- 1.1.4. Estimating creativity -- 1.2. Proof of concept -- 1.2.1. Integrating an idea into a (hopefully) rational framework -- 1.2.2. A transition to POC -- 1.2.3. Basis for building a POC -- 1.3. Interdisciplinarity and heuristic approach -- 1.3.1. Theoretical considerations -- 1.3.2. Heuristics and interdisciplinarity -- 1.3.3. Some constraints to overcome -- 1.3.4. In practice -- 1.4. Conclusion -- 1.5. References -- Chapter 2. From Invention to Innovation -- 2.1. Preamble -- 2.2. Introduction -- 2.3. Methodologies to be put in place -- 2.4. Innovation policies -- 2.4.1. An ambiguous situation -- 2.4.2. Technological paradigms -- 2.4.3. Innovation ecosystems -- 2.4.4. Innovation accelerators -- 2.5. Innovation models -- 2.5.1. Open innovation -- 2.5.2. Knowledge management -- 2.5.3. Research versus industry -- 2.5.4. Design-thinking -- 2.5.5. Fab-Labs -- 2.6. Inventing/innovating -- 2.6.1.



General framework -- 2.6.2. Innovation and responsiveness -- 2.6.3. Innovation programming -- 2.6.4. Innovation positioning -- 2.7. Standards, standardization, various filters -- 2.7.1. Norms and standards -- 2.8. The question of industrial disruption -- 2.8.1. Disruption conditions -- 2.8.2. Local changes, systemic changes -- 2.8.3. Convinced? -- 2.9. References -- Conclusion of Volume 1 -- Index -- EULA.

Sommario/riassunto

Inventing isn't easy! In this book, twelve "valleys of death" are identified which, following a linear approach, correspond to the various obstacles that limit the various passages from an original idea to invention, and then to industrial innovation. These various limiting factors have a variety of origins: disciplined scientific training, weak general and scientific culture, New Public Management, hierarchical support, funding, evaluation, proof of concepts, complexity management, and heuristic and interdisciplinary approaches on the one hand, and attractiveness for the new on the other. After an idea is formulated, these contexts bring small elements of science into play, but above all human aspects ranging from motivation and the quality of exchanges to responsibility. In short, it is a possible dynamic way of living together to promote innovations stemming from science. This is not easy, but if the invention is profitable for society, the downstream sector can greatly facilitate the various stages of commercialization.