Common Assets Research Articles

Evolving nature-based solutions for Australia’s Indigenous estate in 2024 – opportunities and challenges

Globally, there is growing interest and potential for investment in Nature-based Solutions (NbS) to protect, manage or restore ecosystems through incentive schemes including Payment for Ecosystem Services (PES), Nature Repair, Carbon Markets, Common Asset Trusts. Collectively, these NbS markets establish interchangeable mechanisms to help address biodiversity and climate crises, as well as socio-economic issues concerning many Indigenous Peoples and Local Communities (IPLCs). IPLCs manage and/or own almost 32% of the world’s land area through customary and community-based tenure arrangements. Since 2000 several PES schemes have been implemented in Australia. These schemes have been overwhelmingly implemented as public-good expenditure, with governments providing ~90% of total funding. Indigenous people have either the legal right to run or veto a carbon market or nature repair project over 57% of the Australian land mass, increasing to 63% in savanna and 85% in desert regions. Here we critically assess opportunities and challenges for Australia’s Indigenous estate associated with existing and emerging NbS market approaches, especially the Commonwealth’s current Savanna Fire Management (SFM) and Human Induced Regeneration methods, evolving Integrated Farm & Land Management (IFLM) and Blue Carbon methods, and proposed Nature Repair (NR) market. To date, Indigenous NbS interests have focused especially on SFM across northern Australia, with prospective opportunities especially for IFLM and NR markets. Most available schemes focus on remediation of degraded lands and seas, ignoring cost-effective investment opportunities to maintain habitats and ecosystems in less-degraded condition. Government-supported Common Asset Trusts can provide effective models for governance of stewardship schemes relevant to on-going care for relatively intact ecosystems. In Discussion we summarise key methodological, institutional, and policy opportunities and challenges for constructive Indigenous engagement with developing NbS markets. Our purpose is to provide an Indigenous land and sea management context to inform development of rapidly evolving NbS markets in Australia.

Landscape understanding and values in extended public consultations on spatial planning in rural communes in Poland

A large part of spatial planning projects in Polish rural communes deals with landscape issues such as protection and planning. Besides legal regulations extended public consultations (EPCs) on spatial planning processes provide an opportunity to comprehensively address and negotiate landscape arguments. This research aims to identify the understanding and value of the concept of landscape by local communities in the examined EPC cases. This paper explores landscape issues through a systematic analysis (multiple-case study) of six cases of EPCs carried out in Poland between 2019 and 2022. The landscape was negotiated in terms of its various functions to provide value for aesthetics, culture, history, identity, recreation, and economy. In some cases, the landscape was used as an argument to promote a hidden agenda. In the rural communes, aesthetic functions of landscapes were frequently addressed, while natural, ecological, and climatic functions of the landscape were barely mentioned, suggesting that the understanding of landscape remains at a representative, cultural, and visual level, which differs from urban discourses that often focus on climatic and ecological functions of landscape. EPCs are a sound instrument to further integrate landscape as a common asset into spatial planning processes.

A Study of Financial Planning on Young Individuals in Delhi NCR

This research paper investigates the significance of financial planning for young individuals in achieving long-term financial security and stability. With the increasing complexity of the financial landscape and the challenges posed by economic uncertainties, effective financial planning is indispensable for the younger generation. The paper examines various strategies and tools available for young individuals to manage their finances prudently, including budgeting, saving, investing, and debt management. Additionally, it explores the role of financial education and literacy in empowering young people to make informed decisions about their finances. Through a comprehensive review of existing literature and case studies, this paper highlights the importance of early financial planning in building wealth, mitigating risks, and achieving financial goals. Furthermore, it discusses the potential barriers and challenges faced by young individuals in implementing financial plans, such as student loans, low income, and lack of knowledge. Finally, the paper offers practical recommendations and actionable insights for young individuals to enhance their financial well-being and lay a strong foundation for a secure financial future. Monetary items function as a venture route, providing the financial supporters with the predefined monetary security and upholding the monetary items' gamble return profile. In the past traditionally, In India, banks (credit and store accounts), the Life Insurance Corporation (LIC), and the Post Office (repeating shop, National Saving Certificate, Kisan Vikas Patra) all displayed financial products. However, in recent times, as the financial services sector has advanced, new financial products have been introduced, including common stocks, shares, subordinates, annuity plans, children's education plans, life and non-extra security plans (Unit Linked Investment Plans, or ULIPs), common assets, and shares. Each person behaves differently when contributing, therefore each has a different predisposition towards speculation. A private person's investment behavior is influenced by his own circumstances. With the presumption of producing yields people invest in a few financial goods with the hope of earning sizable returns over time and with varying degrees of risk. The goal of the current analysis is to examine how salaried individuals speculate about financial goods that are supported by various segment elements.

Learning deep news sentiment representations for macro-finance

This paper introduces custom neural network techniques to the problem of latent economic factor extraction for voluminous news analytics data. In the context of macro-financial news, we derive low-dimensional representations of time series that arise in textual sentiment analyses spanning various topics. We explore three applications for compressed news sentiment data: nowcasting GDP growth, explaining asset class returns in a panel data analysis, and time series momentum investment. Our empirical study shows that nonlinear data representations based on supervised autoencoder architectures compare favorably to alternatives across all applications. In specific, we demonstrate that augmenting autoencoders with supervision tasks based on common asset class returns and market characteristics disciplines the dimension reduction and naturally supports the transparency of resulting representations. Taken together, our findings position supervised autoencoders as attractive competitor models alongside PCA and PLS approaches.

Research on systemic risk of China's bank-asset bipartite network

Systemic risk caused by banks due to common asset holdings serve as a significant contagion channel. In this study, we use empirical data from Chinese banks to construct a bank-asset bipartite network, employ the DebtRank algorithm for risk measurement, and incorporate asset price correlation into the DebtRank algorithm. Then we show the changes of the systemic risk in the Chinese banking system from 2018 to 2021. Furthermore, we analyze the systemic risk triggered by different types of banks and different industry assets and quantify the impact of each asset under different stress scenarios. We also conduct a validity analysis of asset price correlation, finding that the systemic risk considering asset price correlation is higher than that without considering asset price correlation. This study of financial systemic risk under the bank-asset bipartite network provides a new perspective for the regulation of systemic risk and is of significant importance for the prevention of systemic risk.

СРАВНИТЕЛЬНЫЙ АНАЛИЗ МЕТОДОВ УПРАВЛЕНИЯ СИСТЕМОЙ СОВМЕСТНОГО ПОТРЕБЛЕНИЯ

This article provides a comprehensive analysis of various resource management methods within the framework of shared consumption systems that allow enterprises to effectively use common assets such as vehicles, equipment, cloud computing and software. The purpose of the study is to evaluate the advantages and disadvantages of each shared consumption system and determine the optimal mathematical methods for their implementation, including game theory, route optimization methods, linear programming, queue theory, distributed computing algorithms, and others. Special attention is paid to the possibilities of integrating these methods to improve the management of shared consumption, reduce costs and increase the efficiency of resource use in the digital economy. The analysis reveals how modern mathematical methods and artificial intelligence technologies can contribute to the development of more efficient and flexible sharing systems adapted to changing market conditions and user needs.

Common Asset Holdings as an Amplifier of Open-Ended Funds Liquidity Risk: Evidence from Global Fixed-Income Funds

Common Asset Holdings as an Amplifier of Open-Ended Funds Liquidity Risk: Evidence from Global Fixed-Income Funds

Common Asset Trusts for blue commons stewardship

There are critical direct and indirect, positive and negative links between the ocean and human wellbeing at multiple scales. Many of the ecosystem services the ocean provides to humans, including fisheries, are common pool resources that are non-excludable but rival or subtractive. Others, including climate regulation, are non-rival and non-excludable pure public goods. Resources without any restriction or condition for their use, are known as open-access resources. Unrestricted access generally leads to unsustainable use. Many ocean ecosystems are open access, blue commons. They range in spatial scale from national, such as mangroves and coral reefs, to the open seas within Exclusive Economic Zones (EEZs), to Areas Beyond National Jurisdiction (ABNJ). There are also many species that migrate between national jurisdictions or between national and global blue commons. The sustainable stewardship of these blue commons is one of the most important current global governance challenges. We describe in detail how to create a Common Asset Trust (CAT) for blue commons and how such a system would operate. Finally, we propose CATs to manage blue commons at different spatial scales, including coastal reefs, EEZs, and ABNJ.

Characteristics That Influence Individuals’ Intentions to Use and Bequeath Common Assets: Time-Perspective Scales and Demographic Attributes

As global environmental problems worsen, there is a concern for future generations who may face an unfairly degraded environment. In this study, we asked individuals from the current generation questions about using and bequeathing a common local asset to future generations in order to identify individual characteristics that influence their intentions to benefit future generations. A total of 960 Japanese individuals ranging from 20 to over 70 years old participated in an online survey. Explanatories include five time-perspective scales based on the psychology literature and demographic attributes such as age, sex, household income, marital status, final education level, and population size. Using logistic regression, we found that altruism was the most significant and positive factor influencing their intentions to benefit future generations. Three other time-perspective scales, namely future neglect, creativity, and generativity, also influenced the intentions, albeit negatively and to a lesser extent. Demographic attributes were generally not found to significantly influence intentions. Finally, we argue that three psychological conditions—time horizon, negative aspects of creativity, and sufficient altruism—could potentially lead people to choose decisions that are more beneficial to future generations.

A standards-based approach to enhancing interoperability of low-cost industrial IoT flood sensors for transportation system resilience

Transportation infrastructure assets are particularly vulnerable to natural hazards, which are becoming more frequent and severe due to climate change and extreme weather conditions. Floods and flash floods are among the deadliest natural hazards, accounting for 50% of vehicle-related fatalities. This underscores the need for timely transportation flood detection systems adoption. However, current flood detection technologies are inadequate in terms of coverage, speed, geographical specificity, and interoperability, making it difficult for emergency managers to respond effectively to flood events. To address this issue, we propose a high-resolution network of low-cost Industrial Internet of Things (IIoT) sensing devices deployed at flood-prone transportation assets. These sensors collect location-specific data, which is then published in standardized formats, interfaces, and protocols, enabling other systems to generate flood forecasts, nowcasts, and warnings. A framework for Incident Management Systems (IMS) was also discussed to highlight the need for system interoperability during disaster management operations. Our solution employs standards-based interoperability, using the OIIE™ OpenO&M ecosystem architecture, to enable seamless interaction between interdependent systems and manages the risk to critical transportation infrastructure. The technology was tested at a microscale level to evaluate its performance. The model architecture supports scalable systems of systems interoperability for standardized use cases and common asset classes used in transportation, energy, facilities, and other critical infrastructure.

Towards a macroprudential regulatory framework for mutual funds?

AbstractThis paper highlights the procyclical and unstable behaviour of mutual funds, characterized by a varying sensitivity on common asset pricing factors. It proposes a novel factor model that allows for regime changes associated with macroeconomic and financial state variables. Estimated on a panel covering 825 US equity mutual funds over a period of 30 years, it appears that the yield curve, the dividend yield, short term interest rates and the industrial production coincide with regimes switches in the Fama–French factors. Furthermore, the estimated regimes coincide with financial crises and economic downturns, thus confirming the procyclical behaviour of mutual funds' returns. These findings, coupled with the emerging systemic role of mutual funds, promote the consideration for a specific macroprudential regulatory framework targeted at the mutual fund industry.

Pricing Electricity in Residential Communities Using Game-Theoretical Billings

By sharing common assets such as the power grid, prosumers are closely interrelated by their actions and interests. Game theory provides powerful tools for increased coordination among the prosumers to optimize the energy resources. However, depending on the prosumer profiles and the market rules, the individual bills may notably differ and prove to be unfair. In this work, we analyze the outcomes of three relevant game-theoretical billing methods, which are innovatively transposed to the day-ahead scheduling of energy exchange within a liberalized residential community dominated by distributed energy resources. The first two approaches rely on a (static) daily billing scheme, while the third considers a multi-temporal (continuous) billing. The Nash equilibria are computed using distributed algorithms, hence ensuring individual decision-making and avoiding third-party dependencies. The cost distributions are assessed using both a qualitative and a quantitative comparison based on various prosumer profiles in a modern smart grid. It is shown that, depending on the billing option, either the contribution towards the entity (i.e., the ability to improve the global solution) or the individual empowerment (i.e., the ability to bargain) can be preferentially incentivized.

A latent factor model for the Chinese stock market

We propose a new latent factor model for the Chinese stock market based on an instrumented principal component analysis (IPCA). Compared with other common asset pricing models, the new latent factor model explains a larger proportion of individual and portfolio return variation and shows significant out-of-sample predictability. The long-short investment strategy formed by the IPCA factor also presents the highest average return and Sharpe ratio. Subsample and different horizon results are robust. Market beta, profitability and momentum emerge as the most important characteristics in driving the latent factors. We also provide evidence on the economic grounds of the new latent factor model.

Adaptive Nonlinear Sliding Mode Control for DC Power Distribution in Commercial Buildings

The developing populace and industrialization power demand prompted the requirement for power generation from elective sources. The desire for this pursuit is solid due to the ever-present common assets of petroleum derivatives and their predominant ecological issues. It is generally acknowledged that sustainable power sources are one of the best answers for the energy emergency. Among these, Photovoltaic (PV) sources have many benefits to bestow a very promising future. If integrated into the existing power distribution infrastructure, the solar source will be more successful, requiring efficient Direct Current (DC)-Alternating Current (AC) conversion. This paper mainly aims to improve controllers’ performance between AC/DC Energy sources and the DC loads using the Adaptive Nonlinear Sliding Mode (ANSM) control method. The proposed ANSM method efficiently controls power quality issues, such as transient response, power flow reliability and Total Harmonics Distortion (THD). The proposed controller is applied for both AC/DC and DC/DC converters and the performance of the proposed controller is validated through simulation checking the above parameters. The simulation results confirm ANSM configuration is more reliable and efficient than the existing fuzzy and sliding mode control methods.

Research on the Indirect Risk Contagion Effect among the Common Assets of the China's Systemically Important Banks

Research on the Indirect Risk Contagion Effect among the Common Assets of the China's Systemically Important Banks

CONCEPTUAL BASIS OF MANAGEMENT OF ENTERPRISE ASSETS UNDER CONDITIONS OF UNCERTAINTY AND RISK

The article is devoted to the current problems of the development of the conceptual foundations of enterprise asset management in the conditions of modern challenges. Asset management is viewed by most organizations as a simple business operation, however, the modern era requires sophisticated methodologies to meet business needs in optimizing asset management. A review of international standards on asset management was conducted. British Standards have made a significant contribution by publishing their PAS 55 standard on asset management. In January 2014, the International Organization for Standardization released the ISO 55000 series of standards, which are mainly based on PAS 55. The purpose of the standardization was to unite organizations around the world under a common asset management system. The needs for the formation of asset management programs based on standardized definitions of the concept of "enterprise asset", types of assets, and in conditions of uncertainty were noted. The authors analyzed the problems of the forecasting paradigm, which is marked by huge uncertainty, and formed the factors for ensuring correct forecasts in the models. The primary goal of an effective asset management program is to ensure that assets maximize value for all stakeholders in the value chain throughout their lifecycle. Empirical evidence shows that accurate forecasting in the economic and business world is quite difficult due to significant uncertainty, since practically all types of economic and business activity depend on events that we cannot predict in principle. In this context, a high-level model is proposed, which provides an integrated approach to the management of individual or complex assets. The proposed global model contains six sub-models: Market and revenue sub-model, A sub-model of factors of reliability, availability and serviceability, A sub-model of operations and operational constraints, Cost submodel, Organizational submodel A sub-model of influence taking into account other influence factors. The models of this plan provide a comprehensive approach to the management of individual or complex assets. It can help organizations overcome challenges associated with aging infrastructure or human assets, as well as isolated or disconnected systems. An integrated approach can help align operations with overall business goals by breaking down multiple non-standard, non-integrated systems. This integrated approach can also support long-term and short-term planning, use preventive maintenance and asset-based maintenance methods, help manage suppliers by supporting a full range of contracts and fully support service agreement management, etc.

Commercial Production of Fish Squash Patties Utilizing Local Milkfish (Bangus)

Bulacan, Philippines is blessed with rich common assets in light of its bounteous items like fish. A portion of these fish are accessible the entire year, and from among the fishes, Bangus or Chanos-Chanos has the largest supply. When there is so much supply, these fish end up less expensive, and an oversupply sometimes results in a significant loss to the fisher folks, particularly in Hagonoy, which is home to around 1,423 fishpond administrators and 55 enrolled consignations. Product development of Milkfish was assumed to be a solution to fisherfolk, fishpond administrators and SME's. A response to the challenge of product innovation, the commercial production of Fish Squash Patties Utilizing Local Milkfish (Bangus), was considered. The fisher folks, fishpond administrators and SME's within the town of Hagonoy in the province of Bulacan, Philippines were the respondents of this study. The product was tested by the DOST (Department of Science and Technology) using the Sensory Evaluation and Microbiological Analysis. After which, the researchers conducted a taste test and administered questionnaires which included acceptability of the following: appearance, aroma, taste and texture. There are assortments of patties these days like beef patties, pork patties, chicken patties and other delicious fixings that effectively grab the customers' eye. The researchers build up the item so the buyer can appreciate the essence of Fish (Chanos) and Squash (Kalabasa) Patties. It gives another unmistakable flavour and for its dietary benefit. The item proposition is Fish (Chanos) and Squash (Kalabasa) patties. The blend of Fish (Chanos) and Squash (Kalabasa) is another idea that the researcher seeks due to its stimulating advantages and extraordinary flavour combinations. The ingredients used in the preparation of Fish Squash Patties are flaked Bangus, ground squash, refined salt, phosphate, chilled water, TVP powder, carrageenan, isolate, chilled water, refined sugar, MSG, baking powder, garlic chopped, BF blend, black pepper, meat enhancer, onion chopped, hamburger seasoning, milk, Eggs, and bread crumbs. The process used in the preparation was mixing of all ingredients, forming into a patty and refrigerate for 20 minutes, simmering and packaging. The tested sample of Fish Squash Patties under Aerobic plate count (Less than 104 cfus/g pieces), Coliform count (Less than 102 cfus/g sample), yeast and moulds count (Less than ten cfus/g sample), Escherichia coli count (Less than 10 cfus/g sample), and salmonella determination (adverse) had passed all the parameters of the microbiological quality. The researchers have used patters in which it may not trigger any positive sign of bacteria and another microorganism. It was then made by strictly sanitizing all utensils and raw materials. The level of acceptability on the sensory quality of Fish-Squash Patties based on evaluation of one hundred (100) respondents on the Fish-Squash Patties: Appearance with the weighted mean of 4.36 was accepted, aroma with the weighted mean of 4.7 was accepted, Taste with the weighted mean of 4.71 was very acceptable. The total weighted mean from the level of acceptability of all respondents was 4.6226 and interpreted as very acceptable. The researcher's production of patties has made the Fish-Squash Patties safe of consumption since it PASSED the microbiological analysis conducted at DOST Laboratory BulSU Main Campus, City of Malolos Bulacan in compliance with the BFAD standards. The Fish Squash patties, as per asses of respondents, are both acceptable in terms of sensory quality such as appearance, aroma, Taste and texture. For the development of this product, the researchers recommend other ideas and factors for improving the study as well as a foundation for new or future researches. The respondents recommend that celery be added in the mixture to enhance the developed product's aroma and flavor. Subsequent microbiological analyses of sample may be conducted to monitor microbiological quality of samples preferably within 12 months' period to comply with the standards set by the Department of Health. Succeeding evaluation on a more diverse population to produce patties with different flavours like spicy, sweet, etc. It is also recommended to make the packaging environmentally friendly and to have several packaging staff.

Fair division of goods in the shadow of market values

Inheritances, divorces or liquidations of companies require common assets to be divided among the entitled parties. Legal methods usually consider the market value of goods, while fair division theory takes into account the parties’ preferences expressed as utilities. I combine the two practices to define a procedure that optimally allocates divisible goods with market values to people with easily elicited preferences. Imposing an exact equality onn the bundles’ monetary values may produce unacceptable solutions. I drop the tight requirement and suggest a procedure in which the differences in the monetary values are explained in terms of satisfaction per monetary share as perceived by the agents. A robustness study shows the consequences of misspecification in the model parameters.

Energy cryptocurrencies: Assessing connectedness with other asset classes

We investigate connectedness between energy cryptocurrencies and common asset classes, including oil, using TVP-VAR modeling, evidencing that energy cryptocurrencies, as diversifiers, normally have strong connections with bitcoin and nothing else. However, their connectedness to other assets changes rapidly during shocks such as COVID-19 and the start of the Russian-Ukraine war. Connectedness spiked in April 2020, when WTI oil prices fell to negative pricing. Economic policy uncertainty, Twitter-based uncertainty, and infectious disease-related uncertainty all have significant impact on the system's total connectedness. Energy cryptocurrencies, while normally diversifiers, are highly sensitive to shocks and changes in uncertainty.

The Investigational the Effects of Waste Products Such as Wood Ash, Sugarcane Bagasse Ash, and Rice Husk Ash on the Durability of Concrete

Abstract: In this examination the correlation Wood ash, sugar cane bagasse ash, Rice husk ash and concrete quality utilizing destructive test equipment have been completed. In this investigation three sorts of squanders materials (Wood ash, sugar cane bagasse ash, Rice husk ash) and ordinary aggregate were utilized for preparing cube specimens. There are M25 grade of blended extent are used. Squander materials are used in concrete with the substitution bond of 5%, 10%, 15% and 20%. These beams, cylinder and cube are tried on 7, 14, and 28 days. The compressive quality, flexural quality, and tensile strength are determined with the help of destructive test equipments. Concrete is a broadly utilized development material for its different preference, for example, low cost, accessibility, imperviousness to fire and so on. Because of expanded development exercises for various areas and utilities terrifying of common assets is being constrained because of it’s over abuse. The consumption of the characteristic assets is risk to the earth. So the utilization of the option material which replaces the normally accessible material is another approach to influence the concrete and furthermore to spare the earth.