Overcoming stereotypes in leasing

2017 ◽  
pp. 136-152 ◽  
Author(s):  
V. Gazman
Keyword(s):  
Real Estate ◽  
Traditional Approach ◽  
Critical Assessment ◽  
Variable Character ◽  
New Perspective

If we want securitization to become one of the main channels to attract funding in leasing activity, as the Bank of Russia predicts, one needs to revise some stereotypes. Relying on foreign and domestic research, the author gives a critical assessment of the postulate of the need for uniformity of securitized assets; proves that real estate, contrary to the traditional approach, rather than equipment and transport, prevails in securitization transactions, and explains why this happens. The article presents a new perspective on the behavior of issu- ers concerning the timing of securities circulation; considers feasibility approach to the calculation of variable character of leverage in leasing; explains pro and contra of evaluating the leasing market based on the volume of the portfolio of contracts; reveals the validity of ratings of bonds issued in the course of secu- ritization of leasing assets.

scholarly journals Information Length as a Useful Index to Understand Variability in the Global Circulation

Mathematics ◽  
2020 ◽  
Vol 8 (2) ◽  
pp. 299 ◽  
Author(s):  
Eun-jin Kim ◽  
James Heseltine ◽  
Hanli Liu
Keyword(s):  
Climate Model ◽  
Traditional Approach ◽  
Essential Feature ◽  
Complex Form ◽  
Time Dependent ◽  
Spatial Gradient ◽  
Mean Values ◽  
Global Circulation ◽  
New Perspective ◽  
Non Gaussian

With improved measurement and modelling technology, variability has emerged as an essential feature in non-equilibrium processes. While traditionally, mean values and variance have been heavily used, they are not appropriate in describing extreme events where a significant deviation from mean values often occurs. Furthermore, stationary Probability Density Functions (PDFs) miss crucial information about the dynamics associated with variability. It is thus critical to go beyond a traditional approach and deal with time-dependent PDFs. Here, we consider atmospheric data from the Whole Atmosphere Community Climate Model (WACCM) and calculate time-dependent PDFs and the information length from these PDFs, which is the total number of statistically different states that a system evolves through in time. Specifically, we consider the three cases of sampling data to investigate the distribution of information (information budget) along the altitude and longitude to gain a new perspective of understanding variabilities, correlation among different variables and regions. Time-dependent PDFs are shown to be non-Gaussian in general; the information length tends to increase with the altitude albeit in a complex form; this tendency is more robust for flows/shears than temperature. Much similarity among flows and shears in the information length is also found in comparison with the temperature. This means a strong correlation among flows/shears because of their coupling through gravity waves in this particular WACCM model. We also find the increase of the information length with the latitude and interesting hemispheric asymmetry for flows/shears/temperature, with the tendency of anti-correlation (correlation) between flows/shears and temperature at high (low) latitude. These results suggest the importance of high latitude/altitude in the information budget in the Earth’s atmosphere, the spatial gradient of the information length being a useful proxy for information flow.

scholarly journals Evaluation of the Applicability of Statistical Methods in Studies on Price Dynamics on the Real Estate Market

2013 ◽  
Vol 21 (1) ◽  
pp. 49-58 ◽  
Author(s):  
Sebastian Kokot ◽  
Marcin Bas
Keyword(s):  
Real Estate ◽  
Traditional Approach ◽  
Real Estate Market ◽  
Price Dynamics ◽  
The Real ◽  
The Real Estate ◽  
Transaction Prices ◽  
Time Period ◽  
The Real Estate Market ◽  
Real Estate Prices

Abstract The specific character of the real estate market is the reason why observations of transaction prices seen as statistical variables are taken in a non-standard way. In the traditional approach each time period or specific moments of time are attributed with one observation of a studied variable per one object. In the case of the real estate market, this is not possible since transactions relate to different objects, i.e., properties, and occur at irregular, or even random, moments. This is why traditional methods used to examine the dynamics of economic phenomena must be adapted to specific conditions on the real estate market. Keeping that in mind, the aim of this paper is to adapt classical statistical examination methods of dynamics to specific conditions of the real estate market followed by the actual examination of the dynamics of real estate prices in three sub-segments of the housing market in Szczecin. On its basis, the authors evaluate various methods of examining real estate price dynamics in terms of their applicability in real estate appraisal procedures and, in a broader perspective, present characteristic phenomena that can be observed on the real estate market.

scholarly journals CICT: New Eyes on Computational Competence in Computational Science

2018 ◽  
Vol 16 ◽  
pp. 01007
Author(s):  
Rodolfo A. Fiorini
Keyword(s):  
Modeling And Simulation ◽  
Formal Language ◽  
Traditional Approach ◽  
System Modeling ◽  
Computational Modelling ◽  
Computational Science ◽  
Open Logic ◽  
Information Conservation ◽  
Biomedical System ◽  
New Perspective

Science does not exists to enlighten people's minds only. It mainly exists to show the educated way from quanta to qualia. And that way starts from computational competence. In previous papers published elsewhere, we have already shown that traditional Q Arithmetic can be regarded as a highly sophisticated open logic, powerful and flexible bidirectional formal language of languages, according to "Computational Information Conservation Theory" (CICT) new perspective. This new awareness can offer competitive approach to guide more effective and convenient algorithm development and application to arbitrary multiscale (AMS) biomedical system modeling and simulation. An articulated example on function computational modelling is presented and compared to standard, well-known and traditional approach. Results are critically discussed.

Quantum Theory

2021 ◽  
Author(s):  
Jochen Rau
Keyword(s):  
Information Processing ◽  
Quantum Theory ◽  
Experimental Evidence ◽  
New World ◽  
Traditional Approach ◽  
Quantum Computers ◽  
Classical Description ◽  
Statistical Correlations ◽  
New Perspective ◽  
Quantum Technology

Recent advances in quantum technology – from quantum computers and simulators to communication and metrology – have not only opened up a whole new world of applications but also changed the understanding of quantum theory itself. This text introduces quantum theory entirely from this new perspective. It does away with the traditional approach to quantum theory as a theory of microscopic matter, and focuses instead on quantum theory as a framework for information processing. Accordingly, the emphasis is on concepts like measurement, probability, statistical correlations, and transformations, rather than waves and particles. The text begins with experimental evidence that forces one to abandon the classical description and to re-examine such basic notions as measurement, probability, and state. Thorough investigation of these concepts leads to the alternative framework of quantum theory. The requisite mathematics is developed and linked to its operational meaning. This part of the text culminates in an exploration of some of the most vexing issues of quantum theory, regarding locality, non-contextuality, and realism. The second half of the text explains how the peculiar features of quantum theory are harnessed to tackle information processing tasks that are intractable or even impossible classically. It provides the tools for understanding and designing the pertinent protocols, and discusses a range of examples representative of current quantum technology.

scholarly journals Applying Comparable Sales Method to the Automated Estimation of Real Estate Prices

2020 ◽  
Vol 12 (14) ◽  
pp. 5679 ◽  
Author(s):  
Yunjong Kim ◽  
Seungwoo Choi ◽  
Mun Yong Yi
Keyword(s):  
Real Estate ◽  
Traditional Approach ◽  
Housing Prices ◽  
Capital City ◽  
Housing Type ◽  
Residential Housing ◽  
Machine Learning Approach ◽  
Price Estimation ◽  
Real Estate Prices ◽  
Current Price

In this paper, we propose a novel procedure designed to apply comparable sales method to the automated price estimation of real estates, in particular, that of apartments. Apartments are the most popular residential housing type in Korea. The price of a single apartment is influenced by many factors, making it hard to estimate accurately. Moreover, as an apartment is purchased for living, with a sizable amount of money, it is mostly traded infrequently. Thus, its past transaction price may not be particularly helpful to the estimation after a certain period of time. For these reasons, the up-to-date price of an apartment is commonly estimated by certified appraisers, who typically rely on comparable sales method (CSM). CSM requires comparable properties to be identified and used as references in estimating the current price of the property in question. In this research, we develop a procedure to systematically apply this procedure to the automated estimation of apartment prices and assess its applicability using nine years’ real transaction data from the capital city and the most-populated province in South Korea and multiple scenarios designed to reflect the conditions of low and high fluctuations of housing prices. The results from extensive evaluations show that the proposed approach is superior to the traditional approach of relying on real estate professionals and also to the baseline machine learning approach.

scholarly journals Assessing the Possibility of Implementing Tools of Technical Analysys for Real Estate Market Analysis

2016 ◽  
Vol 24 (2) ◽  
pp. 85-96
Author(s):  
Justyna Brzezicka
Keyword(s):  
Real Estate ◽  
Capital Market ◽  
Traditional Approach ◽  
Supply And Demand ◽  
Technical Analysis ◽  
Real Estate Market ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market ◽  
The Capital Market

Abstract Technical analysis (TA) and its different aspects are widely used to study the capital market. In the traditional approach, this analysis is used to determine the probability of changes in current rates on the basis of their past changes, accounting for factors which had, have or may have an influence on shaping the supply and demand of a given asset. In the practical sense, TA is a set of techniques used for assessing the value of an asset based on the analysis of the asset's trajectories as well as statistical tools. The work assumes three research objectives: 1) a review of tools applied in technical analysis, 2) an attempt at implementing selected tools of technical analysis for analyzing the real estate market (REM), 3) an assessment of the possibilities of implementing selected tools for assessing the real estate market on the example of the Olsztyn residential real estate market. The research hypothesis is a presumption regarding the possibility of implementing tools used in traditional technical analysis for the analysis of the real estate market accounting for the natural limitations and specifics of the market. The work extends scientific achievements in the part regarding the methods and tools of analyzing the real estate market as well as the connections between the real estate market and the capital market.

scholarly journals Macierzyństwo jako wartość filozoficzna i moralna

Etyka ◽  
2003 ◽  
Vol 36 ◽  
pp. 193-208 ◽  
Author(s):  
Daria Łamejko
Keyword(s):  
Traditional Approach ◽  
Moral Value ◽  
Moral Virtues ◽  
Maternal Experience ◽  
Proper Role ◽  
Social Authority ◽  
Maternal Instinct ◽  
Women's Culture ◽  
Wide Group ◽  
New Perspective

The article concentrates on attempts of treating the maternal perspective as valuable in moral philosophy. The author traces the evolution of maternal behaviours in history and reconstructs the development of ethical theories determining women’s proper role in society. She raises the question why none of the philosophers gave any consideration to the maternal experience. Her conclusion is that traditional philosophical discourse assumes motherhood as just part of a wide group of issues determined as ,,family”. Classical philosophers claim that maternal love is natural and innate so it cannot be valuable. Their analyses fail to take account of maternal experience as a source of moral virtues like self-sacrifice, patience, responsibility, care or devalues this terms as not so important as male virtues like impartiality, non-interference, justice or individual’s autonomy. The author presents an alternative, new, female approach to morality. Simone de Beauvoir, Lucy Irigaray and Adrienne Rich criticize classical vision of motherhood in Western culture. They challenge traditional conviction of producing children as a natural destiny of all women determined by inborn maternal instinct. They treat maternal function in category of independent and deliberate choice. This new perspective replace traditional approach describing motherhood in terms of reproduction and ,,natural obligation”. Motherhood in modern thinking is something more than biological production of children. The figure of mother could become an important symbol in ethics and various aspects of our culture. Acceptance of women’s culture would show that women have the same moral and social authority as man. In conclusion the author emphasize the need to present motherhood as a remarkable philosophical and moral value in modern ethics.

Sign in / Sign up

Export Citation Format

Share Document