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Author : Lu Han
Publisher :
ISBN 13 :
Total Pages : 124 pages
Book Rating : 4.:/5 (32 download)
Download or read book Effect of Uncertainty on Home Purchase Decisions Over the Life Cycle written by Lu Han and published by . This book was released on 2007 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Lu Han
Publisher :
ISBN 13 :
Total Pages : 278 pages
Book Rating : 4.F/5 ( download)
Download or read book Effects of Uncertainty on Home Purchase Decisions Over the Life Cycle written by Lu Han and published by . This book was released on 2005 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Lu Han
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)
Download or read book The Effects of Price Uncertainty on Home Purchase Decisions Over the Life-Cycle written by Lu Han and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a life-cycle model of housing demand for repeated home purchase market with uncertain house prices and lumpy transaction costs. By extending the (S,s) methodology to a non-stationary discrete time framework with multivariate stochastic price processes, I derive optimal home purchase decision rules and the housing risk premium. This allows me to characterize a self-hedging mechanism in an incomplete market: households use earlier accumulated housing wealth to hedge against the future housing cost risk. As a result, the direction of the effects of price uncertainty on housing demand depends critically on households' future housing consumption plans. When price uncertainty increases, households consume (and thereby invest in) less housing if they plan to realize the housing wealth gain. However, they will instead take bigger housing positions if they plan to move to a bigger home in a correlated housing market in the future.
Author : Zheng Duan
Publisher :
ISBN 13 :
Total Pages : 111 pages
Book Rating : 4.6/5 (985 download)
Download or read book Household Housing Decisions Under Uncertainty written by Zheng Duan and published by . This book was released on 2020 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: Real estate is the largest component in most American households' portfolios. Prior studies have shown both negative and positive relations between uncertainty and households' housing decisions. This dissertation makes an effort to reconcile the differences in the literature through theoretical and empirical work that links uncertainty and households' housing decisions from a real options perspective. In the first chapter, I provide novel empirical evidence to show the importance of uncertainty in explaining households' several housing decisions - housing consumption, housing investment and mortgage default. After controlling for unobserved heterogeneity, I find that the effect of uncertainty has opposite signs on housing purchase decisions depending on the type of purchase (primary residence or investment property). I also find that uncertainty contributes to households' default decisions beyond other factors that have previously been identified in the literature. In addition to identifying the sign of the effect of uncertainty, I show that the uncertainty effect varies depending on the household's risk aversion, which is consistent with the predictions from a theoretical real options perspective. The second chapter introduces a real options type of model to explain from a theoretical perspective why the effect of uncertainty on households' home purchase decisions can depend on the type of a home purchase. Based on a real options approach introduced in Miao and Wang (2007) the model captures the dual nature of housing as a consumption good and an investment vehicle. It explains the uncertainty effect on the optimal timing of home purchase decisions either as a consumption good or as an investment. Unlike previous studies that rely on risk-neutral assumptions in the valuations of real options in explaining uncertainty effect on households' decisions, the model recognizes idiosyncratic risks and households' precautionary saving motives which allow the effect of uncertainty to vary across different degrees of risk-aversion. The third chapter introduces a real options type of model to explain the effect of uncertainty on households' default decisions. Unlike previous studies that focus on the link between uncertainty and investment decisions,the model shows the usefulness of a real options approach in explaining households' default decisions. The model predicts a positive relation between uncertainty and households' default decisions, which is consistent with the empirical results from the first chapter.
Author : Peter F. Pelz
Publisher : Springer Nature
ISBN 13 : 3030783545
Total Pages : 483 pages
Book Rating : 4.0/5 (37 download)
Download or read book Mastering Uncertainty in Mechanical Engineering written by Peter F. Pelz and published by Springer Nature. This book was released on 2021-10-11 with total page 483 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book reports on innovative methods, technologies and strategies for mastering uncertainty in technical systems. Despite the fact that current research on uncertainty is mainly focusing on uncertainty quantification and analysis, this book gives emphasis to innovative ways to master uncertainty in engineering design, production and product usage alike. It gathers authoritative contributions by more than 30 scientists reporting on years of research in the areas of engineering, applied mathematics and law, thus offering a timely, comprehensive and multidisciplinary account of theories and methods for quantifying data, model and structural uncertainty, and of fundamental strategies for mastering uncertainty. It covers key concepts such as robustness, flexibility and resilience in detail. All the described methods, technologies and strategies have been validated with the help of three technical systems, i.e. the Modular Active Spring-Damper System, the Active Air Spring and the 3D Servo Press, which have been in turn developed and tested during more than ten years of cooperative research. Overall, this book offers a timely, practice-oriented reference guide to graduate students, researchers and professionals dealing with uncertainty in the broad field of mechanical engineering.
Author : Dan M. Frangopol
Publisher : CRC Press
ISBN 13 : 0429624506
Total Pages : 159 pages
Book Rating : 4.4/5 (296 download)
Download or read book Life-Cycle of Structures Under Uncertainty written by Dan M. Frangopol and published by CRC Press. This book was released on 2019-07-25 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: Life-cycle analysis is a systemic tool for efficient and effective service life management of deteriorating structures. In the last few decades, theoretical and practical approaches for life-cycle performance and cost analysis have been developed extensively due to increased demand on structural safety and service life extension. This book presents the state-of-the-art in life-cycle analysis and maintenance optimization for fatigue-sensitive structures. Both theoretical background and practical applications have been provided for academics, engineers and researchers. Concepts and approaches of life-cycle performance and cost analysis developed in recent decades are presented. The major topics covered include (a) probabilistic concepts of life-cycle performance and cost analysis, (b) inspection, monitoring and maintenance for fatigue cracks, (c) estimation of fatigue crack detection, (d) optimum inspection and monitoring planning, (e) multi-objective life-cycle optimization, and (f) decision making in life-cycle analysis. Life-cycle optimization covered in the book considers probability of fatigue crack detection, fatigue crack damage detection time, maintenance times, probability of failure, service life and total life-cycle cost. For the practical application and integration of recently developed approaches for inspection and maintenance planning, efficient and effective multi-objective optimization and decision making are presented. This book will help engineers engaged in civil and marine structures including students, researchers and practitioners with reliable and cost-effective maintenance planning of fatigue-sensitive structures, and to develop more advanced approaches and techniques in the field of life-cycle maintenance optimization and safety of structures under various aging and deteriorating conditions. Key Features: Provides the state-of-the-art in life-cycle cost analysis and optimization for fatigue-sensitive structures Provides a solid foundation of theoretical backgrounds and practical applications both for academics and practicing engineers and researchers Covers illustrative examples and recent development for optimum service life management Deals with various structures such as bridges and ships subjected to fatigue .
Author : Ruyin Long
Publisher : Frontiers Media SA
ISBN 13 : 2832505287
Total Pages : 175 pages
Book Rating : 4.8/5 (325 download)
Download or read book Psychological and Behavioral Decision Making of Green Consumption written by Ruyin Long and published by Frontiers Media SA. This book was released on 2022-11-11 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : George Deodatis
Publisher : CRC Press
ISBN 13 : 1315884887
Total Pages : 1112 pages
Book Rating : 4.3/5 (158 download)
Download or read book Safety, Reliability, Risk and Life-Cycle Performance of Structures and Infrastructures written by George Deodatis and published by CRC Press. This book was released on 2014-02-10 with total page 1112 pages. Available in PDF, EPUB and Kindle. Book excerpt: Safety, Reliability, Risk and Life-Cycle Performance of Structures and Infrastructures contains the plenary lectures and papers presented at the 11th International Conference on STRUCTURAL SAFETY AND RELIABILITY (ICOSSAR2013, New York, NY, USA, 16-20 June 2013), and covers major aspects of safety, reliability, risk and life-cycle performance of str
Author : Colin Murray Parkes
Publisher : Routledge
ISBN 13 : 113493453X
Total Pages : 379 pages
Book Rating : 4.1/5 (349 download)
Download or read book Attachment Across the Life Cycle written by Colin Murray Parkes and published by Routledge. This book was released on 2006-04-21 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: To explain and understand the patterns that attachment play in psychiatric and social problems a body of knowledge has sprung up which owes much to the pioneering work of the late John Bowlby. This book draws together recent theoretical contributions, research findings and clinical data from psychiatrists, psychologists, sociologists and ethologists from Britain, America and Europe.
Author : Nigel Powers
Publisher : CRC Press
ISBN 13 : 1351745972
Total Pages : 550 pages
Book Rating : 4.3/5 (517 download)
Download or read book Maintenance, Safety, Risk, Management and Life-Cycle Performance of Bridges written by Nigel Powers and published by CRC Press. This book was released on 2018-07-04 with total page 550 pages. Available in PDF, EPUB and Kindle. Book excerpt: Maintenance, Safety, Risk, Management and Life-Cycle Performance of Bridges contains lectures and papers presented at the Ninth International Conference on Bridge Maintenance, Safety and Management (IABMAS 2018), held in Melbourne, Australia, 9-13 July 2018. This volume consists of a book of extended abstracts and a USB card containing the full papers of 393 contributions presented at IABMAS 2018, including the T.Y. Lin Lecture, 10 Keynote Lectures, and 382 technical papers from 40 countries. The contributions presented at IABMAS 2018 deal with the state of the art as well as emerging concepts and innovative applications related to the main aspects of bridge maintenance, safety, risk, management and life-cycle performance. Major topics include: new design methods, bridge codes, heavy vehicle and load models, bridge management systems, prediction of future traffic models, service life prediction, residual service life, sustainability and life-cycle assessments, maintenance strategies, bridge diagnostics, health monitoring, non-destructive testing, field testing, safety and serviceability, assessment and evaluation, damage identification, deterioration modelling, repair and retrofitting strategies, bridge reliability, fatigue and corrosion, extreme loads, advanced experimental simulations, and advanced computer simulations, among others. This volume provides both an up-to-date overview of the field of bridge engineering and significant contributions to the process of more rational decision-making on bridge maintenance, safety, risk, management and life-cycle performance of bridges for the purpose of enhancing the welfare of society. The Editors hope that these Proceedings will serve as a valuable reference to all concerned with bridge structure and infrastructure systems, including students, researchers and engineers from all areas of bridge engineering.
Author : Robby Caspeele
Publisher : CRC Press
ISBN 13 : 1351857576
Total Pages : 3160 pages
Book Rating : 4.3/5 (518 download)
Download or read book Life Cycle Analysis and Assessment in Civil Engineering: Towards an Integrated Vision written by Robby Caspeele and published by CRC Press. This book was released on 2018-10-31 with total page 3160 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains the papers presented at IALCCE2018, the Sixth International Symposium on Life-Cycle Civil Engineering (IALCCE2018), held in Ghent, Belgium, October 28-31, 2018. It consists of a book of extended abstracts and a USB device with full papers including the Fazlur R. Khan lecture, 8 keynote lectures, and 390 technical papers from all over the world. Contributions relate to design, inspection, assessment, maintenance or optimization in the framework of life-cycle analysis of civil engineering structures and infrastructure systems. Life-cycle aspects that are developed and discussed range from structural safety and durability to sustainability, serviceability, robustness and resilience. Applications relate to buildings, bridges and viaducts, highways and runways, tunnels and underground structures, off-shore and marine structures, dams and hydraulic structures, prefabricated design, infrastructure systems, etc. During the IALCCE2018 conference a particular focus is put on the cross-fertilization between different sub-areas of expertise and the development of an overall vision for life-cycle analysis in civil engineering. The aim of the editors is to provide a valuable source of cutting edge information for anyone interested in life-cycle analysis and assessment in civil engineering, including researchers, practising engineers, consultants, contractors, decision makers and representatives from local authorities.
Author : Satya R. Chakravarty
Publisher : Anthem Press
ISBN 13 : 1783083360
Total Pages : 314 pages
Book Rating : 4.7/5 (83 download)
Download or read book An Outline of Financial Economics written by Satya R. Chakravarty and published by Anthem Press. This book was released on 2014-11-01 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: “An Outline of Financial Economics” presents a systematic treatment of the theory and methodology of finance and economics. The book follows an analytical and geometric methodology, explaining technical terms and mathematical operations in clear, non-technical language, and providing intuitive explanations of the mathematical results. The text begins with a discussion of financial instruments, which form the basis of finance theory, and goes on to analyze bonds – which are regarded as fixed income securities – in a simple framework, and to discuss the valuation of stocks and cash flows in detail. Highly relevant topics such as attitudes toward risk, uncertainty, the financial structure of a firm, stochastic dominance, portfolio management, option pricing and conditions for non-arbitrage are analyzed explicitly. Because of its wide coverage and analytical, articulate and authoritative presentation, “An Outline of Financial Economics” will be an indispensable book for finance researchers and undergraduate and graduate students in fields such as economics, finance, econometrics, statistics and mathematics.
Author : Reinout Heijungs
Publisher : Springer Nature
ISBN 13 : 3031493176
Total Pages : 1159 pages
Book Rating : 4.0/5 (314 download)
Download or read book Probability, Statistics and Life Cycle Assessment written by Reinout Heijungs and published by Springer Nature. This book was released on with total page 1159 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David A. Wise
Publisher : University of Chicago Press
ISBN 13 : 022642667X
Total Pages : 399 pages
Book Rating : 4.2/5 (264 download)
Download or read book Insights in the Economics of Aging written by David A. Wise and published by University of Chicago Press. This book was released on 2017-03-20 with total page 399 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fraction of the population over age sixty-five in many developed countries is projected to rise, in some cases sharply, in coming decades. This has drawn growing interest to research on the health and economic circumstances of individuals as they age. Many individuals are retiring from paid work, yet they are living longer than ever. Their well-being is shaped by their past decisions such as their saving behavior, as well as by current and future economic conditions, health status, medical innovations, and a rapidly evolving landscape of policy incentives and supports. The contributions to Insights in the Economics of Aging uncover how financial, physical, and emotional well-being are integrally related. The authors consider the interactions between financial circumstances in later life, such as household savings and home ownership, physical circumstances such as health and disability, and emotional well-being, including happiness and mental health.
Author : Fabio Biondini
Publisher : CRC Press
ISBN 13 : 0203885309
Total Pages : 996 pages
Book Rating : 4.2/5 (38 download)
Download or read book Life-Cycle Civil Engineering written by Fabio Biondini and published by CRC Press. This book was released on 2008-05-28 with total page 996 pages. Available in PDF, EPUB and Kindle. Book excerpt: Life-Cycle Civil Engineering contains the papers presented at the First International Symposium on Life-Cycle Civil Engineering (IALCCE 08), held in Villa Monastero, Varenna, Lake Como, Italy, 10-14 June, 2008. It consists of a book and a CD-ROM containing 150 papers, including eight keynote papers and 142 technical contributions from 28 countries.
Author : Airong Chen
Publisher : CRC Press
ISBN 13 : 1000342042
Total Pages : 1758 pages
Book Rating : 4.0/5 (3 download)
Download or read book Life-Cycle Civil Engineering: Innovation, Theory and Practice written by Airong Chen and published by CRC Press. This book was released on 2021-02-26 with total page 1758 pages. Available in PDF, EPUB and Kindle. Book excerpt: Life-Cycle Civil Engineering: Innovation, Theory and Practice contains the lectures and papers presented at IALCCE2020, the Seventh International Symposium on Life-Cycle Civil Engineering, held in Shanghai, China, October 27-30, 2020. It consists of a book of extended abstracts and a multimedia device containing the full papers of 230 contributions, including the Fazlur R. Khan lecture, eight keynote lectures, and 221 technical papers from all over the world. All major aspects of life-cycle engineering are addressed, with special emphasis on life-cycle design, assessment, maintenance and management of structures and infrastructure systems under various deterioration mechanisms due to various environmental hazards. It is expected that the proceedings of IALCCE2020 will serve as a valuable reference to anyone interested in life-cycle of civil infrastructure systems, including students, researchers, engineers and practitioners from all areas of engineering and industry.
Author : James A. Mirrlees
Publisher : Oxford University Press
ISBN 13 : 0199553750
Total Pages : 1360 pages
Book Rating : 4.1/5 (995 download)
Download or read book Dimensions of Tax Design written by James A. Mirrlees and published by Oxford University Press. This book was released on 2010-04-29 with total page 1360 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Review was chaired by Nobel Laureate Professor Sir James Mirrlees of the University of Cambridge and the Chinese University of Hong Kong. --
