Design für Kostentransparenz in Anlageberatungsgespr?chen

Investment advisory services of financial service providers (FSPs) exhibit several characteristics that are detrimental to advisory quality. The interaction of advisor and client is strained by a lack of transparency regarding the advisory process (what activities are performed and why) and the information used therein (what information is used for what purpose and with what effect), as well as regarding the precise costs of the service and the recommended products. In prior research, we suggested that process and information transparency issues may be appropriately addressed with collaborative information technology (IT) artifacts. In this paper, we argue that collaborative, transparent artifacts may also be a premise of enabling cost transparency. To this end, we describe a complete research cycle of designing, implementing, and evaluating a shared cost-transparent IT artifact to support client-advisor interaction in investment advisory encounters. Evaluation results suggest the efficacy of our design in improving the clients?? perceived cost transparency as well as increase their satisfaction and their willingness to pay for the received investment advice. These findings may also challenge the common belief of FSPs that transparent, fee-based advisory services would neither be accepted by clients nor be economically viable. Practical implications of these findings for designing advisory encounters with supportive IT are discussed.     

Metaheuristic optimization frameworks: a survey and benchmarking

This paper performs an unprecedented comparative study of Metaheuristic optimization frameworks. As criteria for comparison a set of 271 features grouped in 30 characteristics and 6 areas has been selected. These features include the different metaheuristic techniques covered, mechanisms for solution encoding, constraint handling, neighborhood specification, hybridization, parallel and distributed computation, software engineering best practices, documentation and user interface, etc. A metric has been defined for each feature so that the scores obtained by a framework are averaged within each group of features, leading to a final average score for each framework. Out of 33 frameworks ten have been selected from the literature using well-defined filtering criteria, and the results of the comparison are analyzed with the aim of identifying improvement areas and gaps in specific frameworks and the whole set. Generally speaking, a significant lack of support has been found for hyper-heuristics, and parallel and distributed computing capabilities. It is also desirable to have a wider implementation of some Software Engineering best practices. Finally, a wider support for some metaheuristics and hybridization capabilities is needed.     

A simple approach to estimate muscle forces and orthosis actuation in powered assisted walking of spinal cord-injured subjects

Simulation of walking in individuals with incomplete spinal cord injuries (SCI) wearing an active orthosis is a challenging problem from both the analytical and the computational points of view, due to the redundant nature of the simultaneous actuation of the two systems. The objective of this work is to quantify the contributions of muscles and active orthosis to the net joint torques, so as to assist the design of active orthoses for SCI. The functional innervated muscles of SCI patients were modeled as Hill-type actuators, while the idle muscles were represented by elastic and dissipative elements. The orthosis was included as a set of external torques added to the ankles, knees, and hips to obtain net joint torque patterns similar to those of normal unassisted walking. The muscle-orthosis redundant actuator problem was solved through a physiological static optimization approach, for which several cost functions and various sets of innervated muscles were compared.     

School attendance and daily respiratory symptoms in children: influence of moisture damage

We investigated the effect of weekends and school holidays on the daily frequency and severity of respiratory and other symptoms among children attending schools with (index) or without (reference) moisture damage in Spain, the Netherlands, and Finland. Throughout 1 year, parents of 419 children with a respiratory condition attending index (n=15) or reference (n=10) primary schools completed three symptom diaries. We assessed associations between lower respiratory tract, upper respiratory tract or allergy, and other symptom scores and school day, weekend, or summer holiday using mixed regression models stratified by country and moisture damage. We evaluated interactions between moisture damage and type of day. We combined country‐specific estimates (incidence rate ratios [IRRs] and 95% confidence interval [CI]) in meta‐analyses. Symptom scores were lower during weekends and holiday. Lower respiratory tract symptoms were statistically significantly less common during holiday with strongest effect in index schools (IRR=0.7; CI=0.6–0.8). Reporting of other symptoms was more reduced during holiday in index (IRR=0.6; CI=0.4–0.9) than in reference (IRR=0.95; CI=0.8–1.2) schools (interaction P<.01). In conclusion, symptoms were less frequent and/or severe during summer holiday and weekends. This pattern was stronger among children attending moisture‐damaged schools, suggesting potential improvement in moisture damage‐related symptoms during school breaks.     

Chasing real-time interaction in new media: towards a new theoretical approach and definition

‘Real-Time’ is one of the most frequent concepts used referring to digital media. Despite it is commonly related to immediate feedback, it is not clear when it happens and what its characteristics are, especially in current digital interfaces. Although real-time has been written about very extensively in the context of Human Computer Interaction and Computational Systems, there are few studies evaluating the key features of real-time interaction in other domains. This article attempts to address this situation by proposing a new approach to the concept of real-time interaction driving the analysis of this topic into paradigmatic cases studies in new media, video games and digital artworks. This new analysis reveals several specific facets that allow us to identify new factors in the understanding of this fuzzy concept. Finally, the article proposes a new definition of ‘real-time interaction’ based on the findings in the context of new media practices.     

Fly ash addition in clayey materials to improve the quality of solid bricks

The technical quality of two compositionally different groups of solid bricks fired between 800 and 1000 °C was evaluated. Five weight percentage of fly ash was added to both groups and they were compared with similar bricks with no added fly ash.The textures of the bricks with fly ash were very similar to the textures of those without it, except that the samples with the additive contained spherical fly ash particles with diameters ranging from 0.1 to 10 μm. These particles led to a reduction in the density of the bricks and a substantial improvement in their durability, with less decay being caused by salt crystallization in the pores. This is because fly ash causes a reduction in the number of micropores, the pores that make porous materials most vulnerable to salt-induced decay. Use of this additive could have practical implications as a means of recycling and for achieving cost savings in brick production.     

Joints in unsaturated rocks: Thermo-hydro-mechanical formulation and constitutive behaviour

A formulation for the coupled analysis of thermo-hydro-mechanical (THM) problems in joints is first presented. The work involves the establishment of equilibrium and mass and energy balance equations. Balance equations were formulated taking into account two phases: water and air. The joint element developed was implemented in a general purpose finite element computer code for THM analysis of porous media (Code_Bright). The program was then used to study a number of cases ranging from laboratory tests to large scale in situ tests. A numerical simulation of coupled hydraulic shear tests of rough granite joints is first presented. The tests as well as the model show the coupling between permeability and the deformation of the joints. The experimental investigation was focused on the effects of suction on the mechanical behaviour of rock joints. Laboratory tests were performed in a direct shear cell equipped with suction control. Suction was imposed using a vapour forced convection circuit connected to the cell and controlled by an air pump. Artificial joints of Lilla claystone were prepared. Joint roughness of varying intensity was created by carving the surfaces in contact in such a manner that rock ridges of different tip angles were formed. These angles ranged from 0° (smooth joint) to 45° (very rough joint profile). The geometric profiles of the two surfaces in contact were initially positioned in a “matching” situation. Several tests were performed for different values of suctions (200, 100, and 20 MPa) and for different values of vertical stresses (30, 60, and 150 kPa). A constitutive model including the effects of suction and joint roughness is proposed to simulate the unsaturated behaviour of rock joints. The new constitutive law was incorporated in the code and experimental results were numerically simulated.     

Towards occupant-centric simulation-aided building design: a case study

ABSTRACT

This paper aims at illustrating the importance of occupant modelling for decision-making during the building design process. It identifies the energy implications of conventional ways of modelling occupants for the design of office buildings. Furthermore, it presents a step towards bridging the gap between the research efforts and conventional practices within the field of building performance simulation (BPS) aided design. The paper first describes occupant-related assumptions that were made during the design process of a case study office building, obtained via stakeholder interviews. Then, the impact of these assumptions on the design decisions is examined through a simulation-based investigation. The stakeholder interviews revealed that professionals from each design discipline made significantly different assumptions about occupants. The simulation results showed that assumptions about occupants and their behaviour impacted predicted energy savings of some design decisions by a factor of five or more.     

Engineering model for intumescent coating behavior in a pilot‐scale gas‐fired furnace

In the event of a fire, intumescent fire protective coatings expand and form a thermally insulating char that protects the underlying substrate from heat and subsequent structural failure. The intumescence includes several rate phenomena, which have been investigated and quantified in the literature for several decades. However, various challenges still exist. The most important one concerns mathematical model validation under realistic exposure conditions and/or time scales. Another is the simplification of advanced models to overcome the often‐seen lack of a complete set of input and adjustable model parameters for a given coating, thereby providing models for industrial applications. In this work, these two challenges are addressed. Three experimental series, with an intumescent coating inside a 0.65 m³ gas‐fired furnace, heating up according to so‐called cellulosic fire conditions, were conducted and a very good repeatability was evident. The experiments were run for almost 3 h, reaching a final gas temperature of about 1100°C. Measurements include transient temperature developments inside the expanding char, at the steel substrate, and in the mineral wool insulation placed behind the substrate. A mathematical model, describing the intumescent coating behavior and temperatures in the furnace using a single overall reaction was developed and validated against experimental data. By including a decomposition front movement through the char, a good qualitative agreement was obtained. After further validation against experiments with other coating formulations, it has potential to become a practical engineering tool. © 2016 American Institute of Chemical Engineers AIChE J, 62: 3947–3962, 2016