Power laws in cities population, financial markets and internet sites (scaling in systems with a variable number of components)

2000 ◽  
Vol 287 (1-2) ◽  
pp. 279-288 ◽  
Author(s):  
Aharon Blank ◽  
Sorin Solomon
SPE Journal ◽  
2014 ◽  
Vol 20 (02) ◽  
pp. 294-305 ◽  
Author(s):  
S.E.. E. Gorucu ◽  
R.T.. T. Johns

Summary Phase-equilibrium calculations become computationally intensive in compositional simulation as the number of components and phases increases. Reduced methods were developed to address this problem, where the binary-interaction-parameter (BIP) matrix is approximated either by spectral decomposition (SD), as performed by Hendriks and van Bergen (1992), or with the two-parameter BIP formula of Li and Johns (2006). Several authors have recently stated that the SD method—and by reference all reduced methods—is not as fast as previously reported in the literature. In this paper we present the first study that compares all eight reduced and conventional methods published to date by use of optimized code and compilers. The results show that the SD method and its variants are not as fast as other reduced methods, and can be slower than the conventional approach when fewer than 10 components are used. These conclusions confirm the findings of recently published papers. The reason for the slow speed is the requirement that the code must allow for a variable number of eigenvalues. We show that the reduced method of Li and Johns (2006) and its variants, however, are faster because the number of reduced parameters is fixed to six, which is independent of the number of components. Speed up in flash calculations for their formula is achieved for all fluids studied when more than six components are used. For example, for 10-component fluids, a speed up of 2–3 in the computational time for Newton-Raphson (NR) iterations is obtained compared with the conventional method modeled after minimization of Gibbs energy. The reduced method modeled after the linearized approach of Nichita and Graciaa (2011), which uses the two-parameter BIP formula of Li and Johns (2006), is also demonstrated to have a significantly larger radius of convergence than other reduced and conventional methods for five fluids studied.


2004 ◽  
Vol 344 (1-2) ◽  
pp. 8-13 ◽  
Author(s):  
Domenico Delli Gatti ◽  
Corrado Di Guilmi ◽  
Edoardo Gaffeo ◽  
Mauro Gallegati

2020 ◽  
Vol 15 (4) ◽  
pp. 1365-1398
Author(s):  
Makoto Nirei ◽  
John Stachurski ◽  
Tsutomu Watanabe

This study provides an explanation for the emergence of power laws in asset trading volume and returns. We consider a two‐state model with binary actions, where traders infer other traders' private signals regarding the value of an asset from their actions and adjust their own behavior accordingly. We prove that this leads to power laws for equilibrium volume and returns whenever the number of traders is large and the signals for asset value are sufficiently noisy. We also provide numerical results showing that the model reproduces observed distributions of daily stock volume and returns.


2017 ◽  
Vol 20 (06) ◽  
pp. 1750038 ◽  
Author(s):  
CHRISTOPHER LYNCH ◽  
BENJAMIN MESTEL

Log-periodic power laws often occur as signatures of impending criticality of hierarchical systems in the physical sciences. It has been proposed that similar signatures may be apparent in the price evolution of financial markets as bubbles and the associated crashes develop. The features of such market bubbles have been extensively studied over the past 20 years, and models derived from an initial discrete scale invariance assumption have been developed and tested against the wealth of financial data with varying degrees of success. In this paper, the equations that form the basis for the standard log-periodic power law model and its higher extensions are compared to a logistic model derived from the solution of the Schröder equation for the renormalization group with nonlinear scaling function. Results for the S&P 500 and Nikkei 225 indices studied previously in the literature are presented and compared to established models, including a discussion of the apparent frequency shifting observed in the S&P 500 index in the 1980s. In the particular case of the Nikkei 225 anti-bubble between 1990 and 2003, the logistic model appears to provide a better description of the large-scale observed features over the whole 13-year period, particularly near the end of the anti-bubble.


2021 ◽  
Vol 20 ◽  
pp. 205-209
Author(s):  
Piotr Lipski ◽  
Jarosław Kyć ◽  
Beata Pańczyk

The aim of this article is to perform a comparative analysis of the Angular v10 and Vue v3.0 frameworks. The basis of the comparison is the performance tested with two applications that are similar in terms of functionality. The view with a variable number of displayed elements was examined, and the time was measured from the moment the number of components was indicated to the end of rendering. The amount of disk space occupied by the final applications and application segments was also compared in relation to the method of implementing their functionality. The results of the research allowed to formulate the conclusions that Vue is more efficient than Angular and additionally the Vue application takes up less disk space.


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