Hacia una arquitectura de procesos : transformaciones disciplinares a través de la Computación en los modelos de Alexander, Negroponte y Price

La premisa inicial de la tesis examina cómo las secuelas de Segunda Guerra mundial motivaron una revisión general de la Ciencia y procuraron una nueva relación entre el hombre y su entorno. Matemáticas, Física y Biología gestaron las Ciencias de la Computación como disciplina de convergencia. En un momento de re-definición del objeto científico, una serie de arquitectos vislumbraron la oportunidad para transformar ciertas convenciones disciplinares. Mediante la incorporación de ontologías y procedimientos de cibernética y computación, trazaron un nuevo espacio arquitectónico. Legitimados por un despegue tecnológico incuestionable, desafían los límites de la profesión explorando campos abiertos a nuevos programas y acciones; amplían el dominio natural de la Arquitectura más allá del objeto(terminado) hacia el proceso(abierto). Se da inicio a la tesis describiendo los antecedentes que conducen a ese escenario de cambio. Se anotan aspectos de Teoría de Sistemas, Computación, Biología y de ciertos referentes de Arquitectura con relevancia para esa nuevo planteamiento. En esos antecedentes residen los argumentos para orientar la disciplina hacia el trabajo con procesos. La linea argumental central del texto aborda la obra de Christopher Alexander, Nicholas Negroponte y Cedric Price a través de una producción teórica y práctica transformada por la computación, y examina la contribución conceptual de cada autor. El análisis comparado de sus modelos se dispone mediante la disección de tres conceptos convergentes: Sistema, Código y Proceso. La discusión crítica se articula por una triangulación entre los autores, donde se identifican comparando por pares las coincidencias y controversias entre ellos. Sirve este procedimiento al propósito de tender un puente conceptual con el escenario arquitectónico actual estimando el impacto de sus propuestas. Se valora su contribución en la deriva del programa cerrado a la especulación , de lo formal a lo informal, de lo único a lo múltiple; del estudio de arquitectura al laboratorio de investigación. Para guiar ese recorrido por la significación de cada autor en el desarrollo digital de la disciplina, se incorporan a la escena dos predicados esenciales; expertos en computación que trabajaron de enlace entre los autores, matizando el significado de sus modelos. El trabajo de Gordon Pask y John Frazer constituye el vehículo de transmisión de los hallazgos de aquellos años, prolonga los caminos iniciados entonces, en la arquitectura de hoy y la que ya se está diseñando para mañana. ABSTRACT The initial premise of the thesis examines how the aftermath of second world war motivated a general revision of science and procure the basis of a new relation between mankind and its environment. Mathematics, Physics, and Biology gave birth to the Computer Sciences as a blend of different knowledge and procedures. In a time when the object of major sciences was being redefined, a few architects saw a promising opportunity for transforming the Architectural convention. By implementing the concepts, ontology and procedures of Cybernetics, Artificial Intelligence and Information Technology, they envisioned a new space for their discipline. In the verge of transgression three prescient architects proposed complete architectural systems through their writings and projects; New systems that challenged the profession exploring open fields through program and action, questioning the culture of conservatism; They shifted architectural endeavor from object to process. The thesis starts describing the scientific and architectural background that lead to that opportunity, annotating aspects of Systems Theory, Computing, Biology and previous Architecture form the process perspective. It then focuses on the Works of Christopher Alexander, Nicholas Negroponte and Cedric Price through their work, and examines each authors conceptual contribution. It proceeds to a critical analysis of their proposals on three key converging aspects: system, architectural encoding and process. Finally, the thesis provides a comparative discussion between the three authors, and unfolds the impact of their work in todays architectural scenario. Their contribution to shift from service to speculation, from formal to informal , from unitary to multiple; from orthodox architecture studio to open laboratories of praxis through research. In order to conclude that triangle of concepts, other contributions come into scene to provide relevant predicates and complete those models. A reference to Gordon Pask and John Frazer is then provided with particular interest in their role as link between those pioneers and todays perspective, pushing the boundaries of both what architecture was and what it could become.

Price formation in commodities markets. Financialisation and beyond. Report of an ECMI/CEPS Task Force

This report attempts to demystify the sphere of commodities markets worldwide by providing an in-depth examination of the major commodity groups, focusing on product characteristics, supply chains, pricing, liquidity, financial intermediation, industry players and the interplay between derivatives markets and the underlying physical goods. In so doing, the report contributes to the international debate with important information about the diverse market structures across commodities, including supply and demand elasticities, concentration of ownership, infrastructure organisation and layers of financial participation. While describing the endogenous factors, it also examines the increasing role of exogenous factors now impacting commodities. Finally, it assesses the drivers of the growth of derivatives markets and their impact on price formation. This report is a draft of the final version presented at a meeting at CEPS on 9 July 2013. A final version will be uploaded at the end of the summer when the book will be available in print.

Burton Tower - June, 1948; Percival Price, Carillonneur

Albert Kahn, architect

History of the public information program.

"Operational history paper."

Minimum prices currently supported by the Department of agriculture and related information.

Mode of access: Internet.

A general guide to the companies formed for working foreign mines, with their prospectuses, amount of capital, number of shares, names of directors, &c., and an appendix, showing their progress since their formation ... with a table of the extent of their fluctuations in price, up to the present period.

A second pt. was published in 1826, with title: A compendium of useful information relating to the companies formed for working British mines ... A third pt. was published in 1827, with title: A complete view of the joint stock companies formed during the years 1824 and 1825 ... cf. Brit. mus. Catalogue.

A note on execution costs for stock index futures: Information versus liquidity effects

This paper examines execution costs and the impact of trade size for stock index futures using price-volume transaction data from the London International Financial Futures and Options Exchange. Consistent with Subrahmanyam [Rev. Financ. Stud. 4 (1991) 11] we find that effective half spreads in the stock index futures market are small compared to stock markets, and that trades in stock index futures have only a small permanent price impact. This result is important as it helps to better understand the success of equity index products such as index futures and Exchange Traded Funds. We also find that there is no asymmetry in the post-trade price reaction between purchases and sales for stock index futures across various trade sizes. This result is consistent with the conjecture in Chan and Lakonishok [J. Financ. Econ. 33 (1993) 173] that the asymmetry surrounding block trades in stock markets is due to the high cost of short selling and the general reluctance of traders to short sell on stock markets. (C) 2004 Elsevier B.V. All rights reserved.

Short-term electricity price forecasting using wavelet and SVM techniques

In deregulated electricity market, modeling and forecasting the spot price present a number of challenges. By applying wavelet and support vector machine techniques, a new time series model for short term electricity price forecasting has been developed in this paper. The model employs both historical price and other important information, such as load capacity and weather (temperature), to forecast the price of one or more time steps ahead. The developed model has been evaluated with the actual data from Australian National Electricity Market. The simulation results demonstrated that the forecast model is capable of forecasting the electricity price with a reasonable forecasting accuracy.

Stock index reaction to large price changes:evidence frommajor Asian stock indexes

We examine the short-term price behavior of ten Asian stock market indexes following large price changes or “shocks”. Under the standard OLS regression, there is stronger support for return continuations particularly following positive and negative price shocks of less than 10% in absolute size. The results under the GJR-GARCH method provide stronger support for market efficiency, especially for large price shocks. For example, for the Hong Kong stock index, negative shocks of less than -5% but more than -10% generate a significant one day cumulative abnormal return (CAR) of-0.754% under the OLS method, but an insignificant CAR of 0.022% under the GJR-GARCH. We find no support for the uncertainty information hypothesis. Furthermore, the CARs following the period after the Asian financial crisis adjust more quickly to price shocks.

Price policy and price decision making in small companies

DUE TO COPYRIGHT RESTRICTIONS ONLY AVAILABLE FOR CONSULTATION AT ASTON UNIVERSITY LIBRARY AND INFORMATION SERVICES WITH PRIOR ARRANGEMENT

The effect of universal futures on opening and closing stock market price discovery

Purpose – On 29 January 2001, Euronext LIFFE introduced single security futures contracts on a range of global companies. The purpose of this paper is to examine the impact that the introduction of these futures contracts had on the behaviour of opening and closing UK equity returns. Design/methodology/approach – The paper models the price discovery process using the Amihud and Mendelson partial adjustment model which can be estimated using a Kalman filter. Findings – Empirical results show that during the pre-futures period both opening and closing returns under-react to new information. After the introduction of futures contracts opening returns over-react. A rise in the partial adjustment coefficient also takes place for closing returns but this is not large enough to cause over-reaction. Originality/value – This is the first study to examine the impact of a single security futures contract on the speed of spot market price discovery.