Antonio Hernando, Eugenio Roanes-Lozano, José Luis Galán-García, Gabriel Aguilera-Venegas
Decision-making in a railway station regarding the compatibility of the positions of the switches of the turnouts and the indications (proceed/stop) of the railway colour light signals is a safety-critical issue that is considered very labor-intensive. Different authors have proposed alternative solutions to automate its supervision, which is performed by the so-called railway interlocking systems. The classic railway interlocking systems are route-based and their compatibility is predetermined (usually by human experts): only some chosen routes are simultaneously allowed. Some modern railway interlocking systems are geographical and make decisions on the fly, but are unsuitable if the station is very large and the number of trains is high. In this paper, we present a completely new algebraic model for decision-making in railway interlocking systems, based on other computer algebra techniques, that bypasses the disadvantages of the approaches mentioned above (its performance does not depend on the number of trains in the railway station and can be used in large railway stations). The main goal of this work is to provide a mathematical solution to the interlocking problems. We prove that our approach solves it in linear time. Although our approach is interesting from a theoretical perspective, it has a significant limitation: it can hardly be adopted in an actual interlocking implementation, mainly due to the heavy certification requirements for this kind of safety-critical application. Nevertheless, the results may be useful for simulations that do not require certification credit.
{"title":"Decision making in railway interlocking systems based on calculating the remainder of dividing a polynomial by a set of polynomials","authors":"Antonio Hernando, Eugenio Roanes-Lozano, José Luis Galán-García, Gabriel Aguilera-Venegas","doi":"10.3934/era.2023313","DOIUrl":"https://doi.org/10.3934/era.2023313","url":null,"abstract":"<abstract><p>Decision-making in a railway station regarding the compatibility of the positions of the switches of the turnouts and the indications (proceed/stop) of the railway colour light signals is a safety-critical issue that is considered very labor-intensive. Different authors have proposed alternative solutions to automate its supervision, which is performed by the so-called railway interlocking systems. The classic railway interlocking systems are route-based and their compatibility is predetermined (usually by human experts): only some chosen routes are simultaneously allowed. Some modern railway interlocking systems are geographical and make decisions on the fly, but are unsuitable if the station is very large and the number of trains is high. In this paper, we present a completely new algebraic model for decision-making in railway interlocking systems, based on other computer algebra techniques, that bypasses the disadvantages of the approaches mentioned above (its performance does not depend on the number of trains in the railway station and can be used in large railway stations). The main goal of this work is to provide a mathematical solution to the interlocking problems. We prove that our approach solves it in linear time. Although our approach is interesting from a theoretical perspective, it has a significant limitation: it can hardly be adopted in an actual interlocking implementation, mainly due to the heavy certification requirements for this kind of safety-critical application. Nevertheless, the results may be useful for simulations that do not require certification credit.</p></abstract>","PeriodicalId":48554,"journal":{"name":"Electronic Research Archive","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135498114","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"数学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Sang Jo Yun, Sangbeom Park, Jin-Woo Park, Jongkyum Kwon
Recently, many researchers studied the degenerate multi-special polynomials as degenerate versions of the multi-special polynomials and obtained some identities and properties of the those polynomials. The aim of this paper was to introduce the degenerate multi-poly-Changhee polynomials arising from multiple logarithms and investigate some interesting identities and properties of these polynomials that determine the relationship between multi-poly-Changhee polynomials, the Stirling numbers of the second kind, degenerate Stirling numbers of the first kind and falling factorial sequences. In addition, we investigated the phenomenon of scattering the zeros of these polynomials.
{"title":"Some identities of degenerate multi-poly-Changhee polynomials and numbers","authors":"Sang Jo Yun, Sangbeom Park, Jin-Woo Park, Jongkyum Kwon","doi":"10.3934/era.2023367","DOIUrl":"https://doi.org/10.3934/era.2023367","url":null,"abstract":"<abstract><p>Recently, many researchers studied the degenerate multi-special polynomials as degenerate versions of the multi-special polynomials and obtained some identities and properties of the those polynomials. The aim of this paper was to introduce the degenerate multi-poly-Changhee polynomials arising from multiple logarithms and investigate some interesting identities and properties of these polynomials that determine the relationship between multi-poly-Changhee polynomials, the Stirling numbers of the second kind, degenerate Stirling numbers of the first kind and falling factorial sequences. In addition, we investigated the phenomenon of scattering the zeros of these polynomials.</p></abstract>","PeriodicalId":48554,"journal":{"name":"Electronic Research Archive","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135660438","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"数学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In this paper, a distributed machine-learning strategy, i.e., federated learning (FL), is used to enable the artificial intelligence (AI) model to be trained on dispersed data sources. The paper is specifically meant to forecast cryptocurrency prices, where a long short-term memory (LSTM)-based FL network is used. The proposed framework, i.e., F-LSTM utilizes FL, due to which different devices are trained on distributed databases that protect the user privacy. Sensitive data is protected by staying private and secure by sharing only model parameters (weights) with the central server. To assess the effectiveness of F-LSTM, we ran different empirical simulations. Our findings demonstrate that F-LSTM outperforms conventional approaches and machine learning techniques by achieving a loss minimal of $ 2.3 times 10^{-4} $. Furthermore, the F-LSTM uses substantially less memory and roughly half the CPU compared to a solely centralized approach. In comparison to a centralized model, the F-LSTM requires significantly less time for training and computing. The use of both FL and LSTM networks is responsible for the higher performance of our suggested model (F-LSTM). In terms of data privacy and accuracy, F-LSTM addresses the shortcomings of conventional approaches and machine learning models, and it has the potential to transform the field of cryptocurrency price prediction.
{"title":"<i>F-LSTM</i>: Federated learning-based LSTM framework for cryptocurrency price prediction","authors":"Nihar Patel, Nakul Vasani, Nilesh Kumar Jadav, Rajesh Gupta, Sudeep Tanwar, Zdzislaw Polkowski, Fayez Alqahtani, Amr Gafar","doi":"10.3934/era.2023330","DOIUrl":"https://doi.org/10.3934/era.2023330","url":null,"abstract":"<abstract><p>In this paper, a distributed machine-learning strategy, i.e., federated learning (FL), is used to enable the artificial intelligence (AI) model to be trained on dispersed data sources. The paper is specifically meant to forecast cryptocurrency prices, where a long short-term memory (LSTM)-based FL network is used. The proposed framework, i.e., <italic>F-LSTM</italic> utilizes FL, due to which different devices are trained on distributed databases that protect the user privacy. Sensitive data is protected by staying private and secure by sharing only model parameters (weights) with the central server. To assess the effectiveness of <italic>F-LSTM</italic>, we ran different empirical simulations. Our findings demonstrate that <italic>F-LSTM</italic> outperforms conventional approaches and machine learning techniques by achieving a loss minimal of $ 2.3 times 10^{-4} $. Furthermore, the <italic>F-LSTM</italic> uses substantially less memory and roughly half the CPU compared to a solely centralized approach. In comparison to a centralized model, the <italic>F-LSTM</italic> requires significantly less time for training and computing. The use of both FL and LSTM networks is responsible for the higher performance of our suggested model (<italic>F-LSTM</italic>). In terms of data privacy and accuracy, <italic>F-LSTM</italic> addresses the shortcomings of conventional approaches and machine learning models, and it has the potential to transform the field of cryptocurrency price prediction.</p></abstract>","PeriodicalId":48554,"journal":{"name":"Electronic Research Archive","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136257154","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"数学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In the digital era, human-robot interaction is rapidly expanding, emphasizing the need for social robots to fluently understand and communicate in multiple languages. It is not merely about decoding words but about establishing connections and building trust. However, many current social robots are limited to popular languages, serving in fields like language teaching, healthcare and companionship. This review examines the AI-driven language abilities in social robots, providing a detailed overview of their applications and the challenges faced, from nuanced linguistic understanding to data quality and cultural adaptability. Last, we discuss the future of integrating advanced language models in robots to move beyond basic interactions and towards deeper emotional connections. Through this endeavor, we hope to provide a beacon for researchers, steering them towards a path where linguistic adeptness in robots is seamlessly melded with their capacity for genuine emotional engagement.
{"title":"Advancements in AI-driven multilingual comprehension for social robot interactions: An extensive review","authors":"Yanling Dong, Xiaolan Zhou","doi":"10.3934/era.2023334","DOIUrl":"https://doi.org/10.3934/era.2023334","url":null,"abstract":"<abstract><p>In the digital era, human-robot interaction is rapidly expanding, emphasizing the need for social robots to fluently understand and communicate in multiple languages. It is not merely about decoding words but about establishing connections and building trust. However, many current social robots are limited to popular languages, serving in fields like language teaching, healthcare and companionship. This review examines the AI-driven language abilities in social robots, providing a detailed overview of their applications and the challenges faced, from nuanced linguistic understanding to data quality and cultural adaptability. Last, we discuss the future of integrating advanced language models in robots to move beyond basic interactions and towards deeper emotional connections. Through this endeavor, we hope to provide a beacon for researchers, steering them towards a path where linguistic adeptness in robots is seamlessly melded with their capacity for genuine emotional engagement.</p></abstract>","PeriodicalId":48554,"journal":{"name":"Electronic Research Archive","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136367864","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"数学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In this paper, we consider the perturbed Navier–Stokes equations around the Landau solution and investigate the global well-posedness results of the perturbed system with the small initial data in the [Formula: see text] space, where [Formula: see text].
{"title":"Local well-posedness of perturbed Navier-Stokes system around Landau solutions","authors":"Jingjing Zhang, Ting Zhang","doi":"10.3934/ERA.2021010","DOIUrl":"https://doi.org/10.3934/ERA.2021010","url":null,"abstract":"In this paper, we consider the perturbed Navier–Stokes equations around the Landau solution and investigate the global well-posedness results of the perturbed system with the small initial data in the [Formula: see text] space, where [Formula: see text].","PeriodicalId":48554,"journal":{"name":"Electronic Research Archive","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44918836","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"数学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Invertible neural network (INN) is a promising tool for inverse design optimization. While generating forward predictions from given inputs to the system response, INN enables the inverse process without much extra cost. The inverse process of INN predicts the possible input parameters for the specified system response qualitatively. For the purpose of design space exploration and reasoning for critical engineering systems, accurate predictions from the inverse process are required. Moreover, INN predictions lack effective uncertainty quantification for regression tasks, which increases the challenges of decision making. This paper proposes the probabilistic invertible neural network (P-INN): the epistemic uncertainty and aleatoric uncertainty are integrated with INN. A new loss function is formulated to guide the training process with enhancement in the inverse process accuracy. Numerical evaluations have shown that the proposed P-INN has noticeable improvement on the inverse process accuracy and the prediction uncertainty is reliable.
{"title":"Probabilistic invertible neural network for inverse design space exploration and reasoning","authors":"Yiming Zhang, Zhiwei Pan, Shuyou Zhang, Na Qiu","doi":"10.3934/era.2023043","DOIUrl":"https://doi.org/10.3934/era.2023043","url":null,"abstract":"Invertible neural network (INN) is a promising tool for inverse design optimization. While generating forward predictions from given inputs to the system response, INN enables the inverse process without much extra cost. The inverse process of INN predicts the possible input parameters for the specified system response qualitatively. For the purpose of design space exploration and reasoning for critical engineering systems, accurate predictions from the inverse process are required. Moreover, INN predictions lack effective uncertainty quantification for regression tasks, which increases the challenges of decision making. This paper proposes the probabilistic invertible neural network (P-INN): the epistemic uncertainty and aleatoric uncertainty are integrated with INN. A new loss function is formulated to guide the training process with enhancement in the inverse process accuracy. Numerical evaluations have shown that the proposed P-INN has noticeable improvement on the inverse process accuracy and the prediction uncertainty is reliable.","PeriodicalId":48554,"journal":{"name":"Electronic Research Archive","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70244028","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"数学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Imaging genetics mainly finds the correlation between multiple datasets, such as imaging and genomics. Sparse canonical correlation analysis (SCCA) is regarded as a useful method that can find connections between specific genes, SNPs, and diseased brain regions. Fused pairwise group lasso-SCCA (FGL-SCCA) can discover the chain relationship of genetic variables within the same modality or the graphical relationship between images. However, it can only handle genetic and imaging data from a single modality. As Alzheimer's disease is a kind of complex and comprehensive disease, a single clinical indicator cannot accurately reflect the physiological process of the disease. It is urgent to find biomarkers that can reflect AD and more synthetically reflect the physiological function of disease development. In this study, we proposed a multimodal sparse canonical correlation analysis model FGL-JSCCAGNR combined FGL-SCCA and Joint SCCA (JSCCA) method which can process multimodal data. Based on the JSCCA algorithm, it imposes a GraphNet regularization penalty term and introduces a fusion pairwise group lasso (FGL), and a graph-guided pairwise group lasso (GGL) penalty term, the algorithm in this paper can combine data between different modalities, Finally, the Annual Depression Level Total Score (GDSCALE), Clinical Dementia Rating Scale (GLOBAL CDR), Functional Activity Questionnaire (FAQ) and Neuropsychiatric Symptom Questionnaire (NPI-Q), these four clinical data are embedded in the model by linear regression as compensation information. Both simulation data and real data analysis show that when FGI-JSCCAGNR is applied to the imaging genetics study of Alzheimer's patients, the model presented here can detect more significant genetic variants and diseased brain regions. It provides a more robust theoretical basis for clinical researchers.
成像遗传学主要寻找成像和基因组学等多个数据集之间的相关性。稀疏典型相关分析(SCCA)被认为是一种有效的方法,可以发现特定基因、snp和病变脑区域之间的联系。FGL-SCCA (Fused pairwise group lasso-SCCA)可以发现同一模态内遗传变量的链关系或图像之间的图形关系。然而,它只能处理来自单一模式的遗传和成像数据。阿尔茨海默病是一种复杂的综合性疾病,单一的临床指标不能准确反映疾病的生理过程。迫切需要寻找能够反映AD的生物标志物,更综合地反映疾病发展的生理功能。本研究提出了一种结合FGL-SCCA和Joint SCCA (JSCCA)方法的多模态稀疏典型相关分析模型FGL-JSCCAGNR,可以处理多模态数据。本文算法在JSCCA算法的基础上,引入GraphNet正则化惩罚项,并引入融合两两组套索(FGL)和图导两两组套索(GGL)惩罚项,实现了不同模式间数据的组合。最后,将年度抑郁水平总分(GDSCALE)、临床痴呆评定量表(GLOBAL CDR)、功能活动问卷(FAQ)和神经精神症状问卷(NPI-Q)这四个临床数据通过线性回归作为补偿信息嵌入到模型中。仿真数据和真实数据分析均表明,将FGI-JSCCAGNR应用于阿尔茨海默病患者的成像遗传学研究时,本文模型可以检测到更显著的遗传变异和病变脑区。为临床研究者提供了更为有力的理论依据。
{"title":"A modified FGL sparse canonical correlation analysis for the identification of Alzheimer's disease biomarkers","authors":"Shuaiqun Wang, Hui Chen, Wei Kong, Xin-gui Wu, Yafei Qian, Kai Wei","doi":"10.3934/era.2023044","DOIUrl":"https://doi.org/10.3934/era.2023044","url":null,"abstract":"Imaging genetics mainly finds the correlation between multiple datasets, such as imaging and genomics. Sparse canonical correlation analysis (SCCA) is regarded as a useful method that can find connections between specific genes, SNPs, and diseased brain regions. Fused pairwise group lasso-SCCA (FGL-SCCA) can discover the chain relationship of genetic variables within the same modality or the graphical relationship between images. However, it can only handle genetic and imaging data from a single modality. As Alzheimer's disease is a kind of complex and comprehensive disease, a single clinical indicator cannot accurately reflect the physiological process of the disease. It is urgent to find biomarkers that can reflect AD and more synthetically reflect the physiological function of disease development. In this study, we proposed a multimodal sparse canonical correlation analysis model FGL-JSCCAGNR combined FGL-SCCA and Joint SCCA (JSCCA) method which can process multimodal data. Based on the JSCCA algorithm, it imposes a GraphNet regularization penalty term and introduces a fusion pairwise group lasso (FGL), and a graph-guided pairwise group lasso (GGL) penalty term, the algorithm in this paper can combine data between different modalities, Finally, the Annual Depression Level Total Score (GDSCALE), Clinical Dementia Rating Scale (GLOBAL CDR), Functional Activity Questionnaire (FAQ) and Neuropsychiatric Symptom Questionnaire (NPI-Q), these four clinical data are embedded in the model by linear regression as compensation information. Both simulation data and real data analysis show that when FGI-JSCCAGNR is applied to the imaging genetics study of Alzheimer's patients, the model presented here can detect more significant genetic variants and diseased brain regions. It provides a more robust theoretical basis for clinical researchers.","PeriodicalId":48554,"journal":{"name":"Electronic Research Archive","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70244036","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"数学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The tempered pullback dynamics and robustness of the 3D Navier-Stokes-Voigt equations with memory and perturbed external force are considered in this paper. Based on the global well-posedness results and energy estimates involving memory, a suitable tempered universe is constructed, the robustness is finally established via the upper semi-continuity of tempered pullback attractors when the perturbation parameter epsilon tends to zero.
{"title":"Pullback dynamics and robustness for the 3D Navier-Stokes-Voigt equations with memory","authors":"Keqin Su, Rong Yang","doi":"10.3934/era.2023046","DOIUrl":"https://doi.org/10.3934/era.2023046","url":null,"abstract":"The tempered pullback dynamics and robustness of the 3D Navier-Stokes-Voigt equations with memory and perturbed external force are considered in this paper. Based on the global well-posedness results and energy estimates involving memory, a suitable tempered universe is constructed, the robustness is finally established via the upper semi-continuity of tempered pullback attractors when the perturbation parameter epsilon tends to zero.","PeriodicalId":48554,"journal":{"name":"Electronic Research Archive","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70244101","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"数学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
J. Ren, Shiru Qu, Lili Wang, Yu Wang, Tingting Lu, Lijing Ma
For the sake of refined assessment of airspace operation status, improvement of the en route air traffic management performance, and alleviation of the imbalance of demand-capacity and airspace congestion, an en route accessible capacity evaluation model (based on aircraft trajectory data) is proposed in this paper. Firstly, from the perspective of flux, the en route capacity is defined and expanded from a two-dimensional concept to a three-dimensional concept. Secondly, based on the indicators of spatial flow and instantaneous density, an evaluation model of en route capacity is given. Finally, a case study is performed to validate the applicability and feasibility of the model. Results show that the en route accessible capacity, instantaneous density, and spatial flow can describe the temporal and spatial distribution of air traffic flow more precisely, as compared to the conventional indicators, such as route capacity, density, and flow. The proposed model envisages three innovations: (ⅰ) the definition of airspace accessible capacity with reference to capacity of road traffic, (ⅱ) the computation model for flux-based airspace accessible capacity and en route accessible capacity, and (ⅲ) two indicators of en route characteristics named instantaneous density and spatial flow are introduced for evaluating the micro-state of the en route. Furthermore, because of the capacity depiction of the spatial and temporal distribution of air traffic congestion within an airspace unit, this model can also help air traffic controllers balance the distribution of traffic flow density, reduce the utilization rate of horizontal airspace, and resolve flight conflicts on air routes in advance.
{"title":"Research on en route capacity evaluation model based on aircraft trajectory data","authors":"J. Ren, Shiru Qu, Lili Wang, Yu Wang, Tingting Lu, Lijing Ma","doi":"10.3934/era.2023087","DOIUrl":"https://doi.org/10.3934/era.2023087","url":null,"abstract":"For the sake of refined assessment of airspace operation status, improvement of the en route air traffic management performance, and alleviation of the imbalance of demand-capacity and airspace congestion, an en route accessible capacity evaluation model (based on aircraft trajectory data) is proposed in this paper. Firstly, from the perspective of flux, the en route capacity is defined and expanded from a two-dimensional concept to a three-dimensional concept. Secondly, based on the indicators of spatial flow and instantaneous density, an evaluation model of en route capacity is given. Finally, a case study is performed to validate the applicability and feasibility of the model. Results show that the en route accessible capacity, instantaneous density, and spatial flow can describe the temporal and spatial distribution of air traffic flow more precisely, as compared to the conventional indicators, such as route capacity, density, and flow. The proposed model envisages three innovations: (ⅰ) the definition of airspace accessible capacity with reference to capacity of road traffic, (ⅱ) the computation model for flux-based airspace accessible capacity and en route accessible capacity, and (ⅲ) two indicators of en route characteristics named instantaneous density and spatial flow are introduced for evaluating the micro-state of the en route. Furthermore, because of the capacity depiction of the spatial and temporal distribution of air traffic congestion within an airspace unit, this model can also help air traffic controllers balance the distribution of traffic flow density, reduce the utilization rate of horizontal airspace, and resolve flight conflicts on air routes in advance.","PeriodicalId":48554,"journal":{"name":"Electronic Research Archive","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70244147","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"数学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper examines the effects and mechanism paths of monetary policy on firms' "short-term debt for long-term investment (SDFLI)" behavior using panel data of Chinese A-share listed firms from 2007-2019. The findings indicate that loose monetary policy suppresses corporate SDFLI behavior by lengthening corporate credit maturity structure through the credit maturity structure channel. In addition, heterogeneity analysis shows that loose monetary policy significantly inhibits the SDFLI behavior of state-owned enterprises(SOEs), non-high-tech firms, and firms in regions with high bank competition levels through the credit term structure channel, and the monetary policy credit term structure channel fails for non-state-owned enterprises(non-SOEs), high-tech firms, and firms in regions with low bank competition levels. The results of the heterogeneity analysis validate the plausibility that monetary policy affects firms' SDFLI behavior through the credit term structure channel.
{"title":"The effect credit term structure of monetary policy on firms' \"short-term debt for long-term investment\" behavior: empirical evidence from China","authors":"Liping Zheng, Jia Liao, Yuan Yu, Bin Mo, Yun Liu","doi":"10.3934/era.2023076","DOIUrl":"https://doi.org/10.3934/era.2023076","url":null,"abstract":"This paper examines the effects and mechanism paths of monetary policy on firms' \"short-term debt for long-term investment (SDFLI)\" behavior using panel data of Chinese A-share listed firms from 2007-2019. The findings indicate that loose monetary policy suppresses corporate SDFLI behavior by lengthening corporate credit maturity structure through the credit maturity structure channel. In addition, heterogeneity analysis shows that loose monetary policy significantly inhibits the SDFLI behavior of state-owned enterprises(SOEs), non-high-tech firms, and firms in regions with high bank competition levels through the credit term structure channel, and the monetary policy credit term structure channel fails for non-state-owned enterprises(non-SOEs), high-tech firms, and firms in regions with low bank competition levels. The results of the heterogeneity analysis validate the plausibility that monetary policy affects firms' SDFLI behavior through the credit term structure channel.","PeriodicalId":48554,"journal":{"name":"Electronic Research Archive","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70244161","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"数学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}