Daniel D Gouvêa, Cyro de A Assis D Muniz, Gilson A Pinto, Alberto Avritzer, Rosa M M Leão, Edmundo de Souza e Silva, Morganna C Diniz, Luca Berardinelli, Julius C B Leite, Daniel Mossé, Yuanfang Cai, Mike Dalton, Lucia Kapova, Anne Koziolek, Experience building non-functional requirement models of a complex industrial architecture, In: 2nd joint WOSP/SIPEW international conference on Performance engineering (ICPE'2011), Association for Computing Machinery, New York, NY, USA,, 2011-03-14. (Conference or Workshop Paper published in Proceedings)
In this paper, we report on our experience with the application of validated models to assess performance, reliability, and adaptability of a complex mission critical system that is being developed to dynamically monitor and control the position of an oil-drilling platform. We present real-time modeling results that show that all tasks are schedulable. We performed stochastic analysis of the distribution of tasks execution time as a function of the number of system interfaces. We report on the variability of task execution times for the expected system configurations. In addition, we have executed a system library for an important task inside the performance model simulator. We report on the measured algorithm convergence as a function of the number of vessel thrusters. We have also studied the system architecture adaptability by comparing the documented system architecture and the implemented source code. We report on the adaptability findings and the recommendations we were able to provide to the system's architect. Finally, we have developed models of hardware and software reliability. We report on hardware reliability results based on the evaluation of the system architecture. As a topic for future work, we report on an approach that we recommend be applied to evaluate the system under study software reliability. |
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Catia Trubiani, Anne Koziolek, Detection and solution of software performance antipatterns in palladio architectural models, In: Proceeding of the second joint WOSP/SIPEW international conference on Performance engineering, Association for Computing Machinery, 2011-03-14. (Conference or Workshop Paper published in Proceedings)
Antipatterns are conceptually similar to patterns in thatthey document recurring solutions to common design problems.Performance Antipatternsdocument, from a performance perspective, common mistakes madeduring software development as well as their solutions.The definition of performance antipatterns concerns softwareproperties that can include static, dynamic, and deploymentaspects. Currently, such knowledge is only used by domain experts;the problem of automatically detecting and solving antipatternswithin an architectural model has not been experimented yet.In this paper we present an approach to automatically detect and solvesoftware performance antipatterns within the Palladio architectural models:the detection of an antipattern providesa software performance feedback to designers, since it suggeststhe architectural alternatives that actually allow to overcomespecific performance problems. We implemented theapproach and a case study is presented todemonstrate its validity. The system performance under studyhas been improved of 50\% by applying antipatterns' solutions. |
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Helmut Max Dietl, Steuerparadiese: Fluch oder Segen?, cash zweiplus ag, cash.ch, http://www.cash.ch/news/kolumne/steuerparadiese_fluch_oder_segen-1008651-567, 2011-03-14. (Scientific Publication In Electronic Form)
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Björn Bartling, Relative performance or team evaluation? Optimal contracts for other-regarding agents, Journal of Economic Behavior & Organization, Vol. 79 (3), 2011. (Journal Article)
This paper derives optimal incentive contracts for agents with other-regarding preferences. It offers a behavioral explanation for the empirically observed lack of relative performance evaluation. We analyze a principal-multi agent model and assume that agents are inequity averse or status seeking. We show that team contracts can be optimal even if the agents’ performance measures are positively correlated such that relative performance evaluation would be optimal with purely self-interested agents and even though relative performance evaluation provides additional incentives to provide effort if agents have other-regarding preferences. Furthermore, optimal incentive contracts for other-regarding agents can be low-powered as compared to contracts for purely self-interested agents. |
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Stephan Glanz, Dieter Pfaff, Welcher Rechnungslegungsstandard? Regelungsdichte seit Einführung von IFRS stark zugenommen - Was die Auswahlkriterien sind, In: Finanz und Wirtschaft, 19, p. 21, 9 March 2011. (Newspaper Article)
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Dorit Assaf, Rolf Pfeifer, Robotics as Part of an Informatics Degree Program for Teachers, In: Society for Information Technology & Teacher Education International Conference (SITE) 2011, Association for the Advancement of Computing in Education, Chesapeake, USA, 2011. (Conference or Workshop Paper published in Proceedings)
This paper describes two robot competitions that took place within a robotics class for teachers. The robotics class was part of a two-year master's degree program that aims at educating upper secondary school teachers of different backgrounds in informatics, a discipline that is not yet a mandatory part of the school curriculum in Switzerland. The aim of these robot competitions was to familiarize the teachers with robotic hardware and software such that they would be able to design their own informatics class syllabus. We describe the robotic platforms used, the
competitions, their aims and results. Furthermore, we address the question whether robots are a suitable tool for teacher education in informatics. |
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Gudela Grote, Mehrdeutige Kommunikation, In: NZZ, 54, p. 79, 5 March 2011. (Newspaper Article)
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Delia Coculescu, Dividends and leverage: How to optimally exploit a non-renewable investment, Journal of Economic Dynamics and Control, Vol. 35 (3), 2011. (Journal Article)
In this paper we model the situation where a non-renewable investment is given, for instance a resource reservoir, and show how to optimally trade-off between dividends and leverage, in order to maximize a performance indicator for shareholders, up to the bankruptcy time. We then study the way market risk (the volatility of the market price of the resource) impacts the optimal policies and the default risk of the company. The moments when the policies are rebalanced are analyzed and we give a measure of the agency costs which appear between the shareholders and the debt-holders. |
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Steven Ongena, Alexander Popov, Interbank market integration, loan rates, and firm leverage, Journal of Banking and Finance, Vol. 35 (3), 2011. (Journal Article)
This paper investigates the effect of interbank market integration on small firm finance in the build-up to the 2007–2008 financial crisis. We use a comprehensive data set that contains contract terms on individual loans to 6047 firms across 14 European countries between 1998:01 and 2005:12. We account for the selection that arises in the loan request and approval process. Our findings imply that integration of interbank markets resulted in less stringent borrowing constraints and in substantially lower loan rates. The decrease was strongest in markets with competitive banking sectors. We also find that in the most rapidly integrating markets, firms became substantially overleveraged during the build-up to the crisis. |
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Giannina Sievi, Die Besteuerung von schweizerischen kollektiven Kapitalanlagen im internationalen Vergleich, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2011. (Master's Thesis)
In dieser Arbeit soll geklärt werden, inwiefern die Verrechnungssteuer ein Hemmnis für den Fondsstandort Schweiz darstellt, um anschliessend mögliche Lösungsansätze in Bezug auf die Umgestaltung der Verrechnungssteuer zu erarbeiten, welche die Attraktivität des schweizeri-schen Fondsplatzes steigern könnten.
Während die Verrechnungssteuer selbst bereits ein Sondernis im Vergleich zum Ausland dar-stellt, wurde die Wettbewerbsfähigkeit der Schweiz durch die Einführung von Art. 12 Abs. 1ter VStG gar weiter geschwächt.
Von den vorgeschlagen Lösungsansätzen scheinen der Ãbergang vom Schuldner- zum Zahl-stellenprinzip sowie die Abschaffung der Sockelsteuer auf Dividendenerträge in den schwei-zerischen DBA und die Ersetzung der Verrechnungssteuer für ausländische Anteilsinhaber durch eine Abgeltungssteuer jene Möglichkeiten zu sein, welche in der Realität am ehesten umsetzbar sein könnten. |
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Fabian Mark, Why do countries grow? An international comparison of growth rates after 1950., University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2011. (Bachelor's Thesis)
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Raphael Tischer, Wirtschaftliche Bewertungsstandards und ihr Einfluss auf die Preisentwicklung von verbrieften Assets, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2011. (Bachelor's Thesis)
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Rina Rosenblatt-Wisch, Reto Foellmi, Klaus Reiner Schenk-Hoppé, Consumption paths under prospect utility in an optimal growth model, Journal of Economic Dynamics and Control, Vol. 35 (3), 2011. (Journal Article)
This paper studies the Cass-Koopmans-Ramsey model of optimal economic growth in the presence of loss aversion and habit formation. The representative agent's preferences for consumption can be gradually varied between the standard constant intertemporal elasticity of substitution (CIES) case and Kahneman and Tversky's prospect utility. We find that the transitional dynamics of optimal consumption paths differ distinctly from the standard model, in particular consumption smoothing is more pronounced. We also show that prospect utility can cause the economy to remain in a steady state with low consumption and low capital. |
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Joachim Lammert, Christoph Watrin, Stefan Zeisberger, Management Guidance - Bevorzugen professionelle Kapitalmarktteilnehmer wirklich Punktprognosen?, Zeitschrift für Planung & Unternehmenssteuerung, Vol. 21, 2011. (Journal Article)
Mit Hilfe der Management Guidance wird durch kapitalmarktorientierte Unternehmen in unterschiedlicher Form über die voraussichtliche Entwicklung wesentlicher Geschäftszahlen berichtet. Vorliegende empirische Arbeiten gehen einheitlich davon aus, dass eine Punktprognose der erwarteten zukünftigen Kennzahlen anderen Formen vorzuziehen ist. Über die diesbezüglichen Präferenzen professioneller Kapitalmarktteilnehmer liegen bisher jedoch kaum gesicherte Erkenntnisse vor. Der vorliegende Beitrag untersucht daher auf Basis einer Fragebogenstudie die entsprechenden Präferenzen dieser wichtigen Zielgruppe. An der Befragung nahmen insgesamt 123 Kapitalmarktteilnehmer teil, insb. Sell- und Buy-Side-Analysten sowie Asset Manager. Entgegen den bisherigen Annahmen wird eine Intervallprognose als hilfreicher angesehen als eine Punktschätzung. Weitergehende Analysen erlauben Einblicke in die Präferenzen einzelner Berufsgruppen. |
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Markus Leippold, Andreas Bloechlinger, A new goodness of fit test for event forecasting and its application to credit default, Management Science, Vol. 57 (3), 2011. (Journal Article)
We develop a new goodness-of-fit test for validating the performance of probability forecasts. Our test statistic is particularly powerful under sparseness and dependence in the observed data. To build our test statistic, we start from a formal definition of calibrated forecasts, which we operationalize by introducing two components. The first component tests the level of the estimated probabilities. The second component validates the shape, measuring the differentiation between high and low robability events. After constructing test statistics for both level and shape, we provide a global goodness-of-fit statistic, which is asymptotically x^2 distributed. In a simulation exercise, we find that our approach is correctly sized and more powerful than alternative statistics. In particular, our shape statistic is significantly more powerful than the Kolmogorov-Smirnov test. Under independence our global test has significantly greater power than the popular Hosmer and Lemeshow's x^2 test. Moreover, even under dependence our global test remains correctly sized and consistent. As a timely and important empirical application of our method, we study the validation of a forecasting model for credit default events. |
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Kaspar Staub, Frank J Rühli, Barry Bogin, Ulrich Woitek, Christian Pfister, Edouard Mallet's early and almost forgotten study of the average height of Genevan conscripts in 1835, Economics & Human Biology, Vol. 9 (4), 2011. (Journal Article)
In 1835, Edouard Mallet published a notable but today nearly forgotten study of the average height of Genevan conscripts. His individual data included 3 029 conscripts born between 1805 and 1814, examined and measured between 1826 and 1835. Mallet’s work was only the third auxological study to be based on a large sample of individual conscript data, the other two being those of Louis-René Villermé and Adolphe Quetelet, but as far as we know Mallet's was the first to note the law of normal distribution. Like Villermé
and Quetelet, Mallet explained urban/rural and international differences in average height strictly in terms of environmental and economic determinants. In the recent past, references to Mallet’s work have been rare,
and limited to citations of his computed averages. We postulate that Mallet and his study deserve greater
consideration for their contribution to the field of anthropometric history than they have yet received. |
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Peter Zweifel, Swiss experiment shows physicians, consumers want significant compensation to embrace coordinated care, Health Affairs, Vol. 30 (3), 2011. (Journal Article)
Policy makers in several industrial countries are seeking to limit the rise in health care cost growth by supporting coordinated or integrated care programs, which differ from most prevailing forms of medical organization in how physicians are paid and how they work in groups. However, as long as fee-for-service payment systems remain an option, general practitioners will be reluctant to embrace coordinated care because it would give them less autonomy in how they practice. A study in Switzerland indicates that general practitioners will require a pay increase of up to 40 percent before they are willing to accept coordinated care, and a similar study found that Swiss consumers wanted a substantial reduction in premiums to accept it. These findings suggest that provisions of US health care reform designed to encourage the growth of coordinated care—such as accountable care organizations and medical homes—may face a challenging future. |
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Urs Wenger, Storytelling - Mit Archetypen Geschichten erzählen, In: NZZ, 48, p. 75, 26 February 2011. (Newspaper Article)
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Martin Waldburger, AMAAIS - Accounting and Monitoring of AAI Services, In: AMAAIS - A4-Mesh Meeting. 2011. (Conference Presentation)
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Stephan Nüesch, Shared ownership versus third-party ownership, In: Wissenschaftliche Kommission Organisation (WK ORG). 2011-02-23. (Conference Presentation)
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