Advanced Business Process Management (BPM) tools enable the decomposition of previously integrated and often ill-defined processes into re-usable process modules. These process modules can subsequently be distributed on the Internet over a variety of many different actors, each with their own...

In this paper we explore the effect of bounded rationality on the convergence of individual behavior toward equilibrium. In the context of a Cournot game with a unique and symmetric Nash equilibrium, firms are modeled as adaptive economic agents through a genetic algorithm. Computational...

Advanced Business Process Management (BPM) tools enable the decomposition of previously integrated and often ill-defined processes into re-usable process modules. These process modules can subsequently be distributed on the Internet over a variety of many different actors, each with their own...

It is widely proved the existence of non-linear deterministic structures in the exchange rates dynamic. In this work we intend to exploit these non-linear structures using forecasting methods such as Genetic Algorithm and Neural Networks in the specific case of the Yen/$ and British Pound/$...

Purpose – The purpose of this paper is to address the problem in research of a lack of a holistic conceptual framework related to incremental and discontinuous innovation. Too often, the term “innovation” is used without an understanding of how it can be applied in a product design and...

Renewable energy sources (RES) for powering desalination processes is a promising option especially in remote and arid regions where the use of conventional energy is costly or unavailable. Reverse Osmosis (RO) is one of the most suitable desalination processes to be coupled with different...

This paper presents a new multi-objective optimization based reactive power price clearing (RPPC) mechanism, considering voltage stability. Use of realistic voltage dependent load models is important in power system analysis and optimization. The influence of the same on RPPC is investigated in...