scholarly journals An Application of the Cusp Catastrophe Theory to the Istanbul Stock Exchange Crash of 2008

2013 ◽  
Vol 28 (330) ◽  
Author(s):  
Hülya TÜTEK ◽  
Ünal SEVEN
2019 ◽  
Vol 102 ◽  
pp. 746-751 ◽  
Author(s):  
Yimei Tian ◽  
Bo Zheng ◽  
Hailiang Shen ◽  
Shengnan Zhang ◽  
Yaru Wang

1980 ◽  
Vol 12 (10) ◽  
pp. 1119-1130 ◽  
Author(s):  
G Hyman ◽  
S Markowski

This paper reports the results of an investigation into the behaviour of the market for private house-building land in England and Wales in the 1960s and 1970s. After Zeeman (1974), a distinction is drawn between the speculative and fundamental market operators, and econometric tests were carried out to identify their impact on land price changes. The property boom 1971–1973 and its collapse are discussed in the context of Zeeman's cusp catastrophe theory. Results of econometric experiments show that the interpretation of these events in terms of catastrophic switches is not entirely satisfactory, but that changes in money supply and credit availability may be more likely causes of the boom.


2010 ◽  
Vol 21 (05) ◽  
pp. 583-592 ◽  
Author(s):  
MEYSAM BOLGORIAN ◽  
REZA RAEI

In this paper using the global Hurst exponent, the impact of privatization of public companies in Iran on the degree of efficiency in Tehran Stock Exchange is assessed. The results show that selling public companies' share in Tehran Stock Exchange (TSE) leads to a structural break in degree of market development. To model this phenomenon a catastrophe approach is used and it is demonstrated that this structural break can be better explained by a cusp catastrophe model.


2019 ◽  
Vol 2019 ◽  
pp. 1-11 ◽  
Author(s):  
Shaowei Ma ◽  
Zhouquan Luo ◽  
Jianhua Hu ◽  
Qifan Ren ◽  
Yaguang Qin ◽  
...  

For the stability of the intervening pillar of the sublevel drilling open-stope subsequent filling mining method, the multifactor stability mechanical model of the intervening pillar under two different constraint conditions (Model 1 and Model 2) was established based on the elastic thin plate theory. Then, the cusp catastrophe equation and the necessary and sufficient conditions for the instability of the intervening pillar under two different constraint conditions were obtained by using the cusp catastrophe theory. Furthermore, the minimum thickness formula for the intervening pillar without instability under two different constraint conditions was derived, and the relationships between the minimum thickness of the intervening pillar and the factors, including the depth of the stope, the inclination of the orebody, the thickness of the orebody, the height of the stage, the length of the stope, and the mechanical properties of the orebody, were analyzed. Finally, the formula was used in the design of an intervening pillar between stopes 4-1 and 4-2 in Panlong Lead-Zinc Mine. The designed thickness of the pillar was 6.01 m by calculation, its actual thickness was 6.35–7.25 m in the mining process, and its average thickness was 6.5 m. Compared with the previously designed thickness of 7-8 m at the same stage, the pillar was 0.5–1.5 m smaller, which more effectively improved the recovery rate of the ore under the premise of ensuring the stability of the intervening pillar. This example of industrial application proves that it is feasible to use the cusp catastrophe theory to analyze the stability and parameter design of the intervening pillar under different constraints.


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