scholarly journals Solution to Model Consistency in Equipment Support Simulation

2021 ◽  
Vol 1802 (4) ◽  
pp. 042031
Author(s):  
Bin Liu ◽  
Shaoshuai Wang ◽  
Lu Gao ◽  
Weiyi Wu ◽  
Peng Yan
Keyword(s):  
2021 ◽  
Author(s):  
Vivian W. Fang ◽  
Michael Iselin ◽  
Gaoqing Zhang

This paper studies financial statement consistency — the purported means to comparability — from an information perspective. We model consistency as firms’ required propensity to apply common accounting methods to individual transactions and show that consistency creates information spillover through correlated measurements (“spillover channel”) while potentially reducing the informativeness of one’s own report (“standalone channel”). The model generates two central predictions. First, optimal consistency decreases with a transaction’s fundamental correlation as high correlation diminishes information gains via the spillover channel. Second, optimal consistency decreases with a transaction’s fundamental volatility as high volatility exacerbates information losses via the standalone channel. Empirical evidence supports both predictions. Overall, this paper contributes a framework for studying comparability and draws useful policy implications. This paper was accepted by Brian Bushee, accounting.


2021 ◽  
Vol 17 (2) ◽  
pp. e1008635
Author(s):  
Gerrit Ansmann ◽  
Tobias Bollenbach

Many ecological studies employ general models that can feature an arbitrary number of populations. A critical requirement imposed on such models is clone consistency: If the individuals from two populations are indistinguishable, joining these populations into one shall not affect the outcome of the model. Otherwise a model produces different outcomes for the same scenario. Using functional analysis, we comprehensively characterize all clone-consistent models: We prove that they are necessarily composed from basic building blocks, namely linear combinations of parameters and abundances. These strong constraints enable a straightforward validation of model consistency. Although clone consistency can always be achieved with sufficient assumptions, we argue that it is important to explicitly name and consider the assumptions made: They may not be justified or limit the applicability of models and the generality of the results obtained with them. Moreover, our insights facilitate building new clone-consistent models, which we illustrate for a data-driven model of microbial communities. Finally, our insights point to new relevant forms of general models for theoretical ecology. Our framework thus provides a systematic way of comprehending ecological models, which can guide a wide range of studies.


Author(s):  
Jay Prakash Tripathi

The bond graph (BG) approach of modelling provides a unified approach for modelling the systems having components belonging to multi-energy domains. Moreover, as evident by its name, it is a graphical approach. The graphical nature provides a tool for conceptual visualization of the model. It also provides some algorithmic tools because of its formal structure and syntax, thereby enabling model consistency checks such as checking algebraic loops, etc. There are a large number of texts published in recent years that may be refereed for background material on the BG methodology. Though used in many applications, its use in modelling stress distribution in the system is limited. Finite element (FE) modelling has found wide applicability for the same. This chapter is aimed at providing background knowledge, a comparison of BG approach with the FE approach, and a review of research progress of past two decades in this direction.


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