Renovation and renewal

iRegeneration and renovation in queues

Regenerative events for different queueing models are considered. The aim of this paper is to construct these events for continuous-time processes if they are given for the corresponding discrete-time model. The construction uses so-called renovative events revealing the property of the state at time n of the discrete-time model to be independent (in an algebraic sense) of the states referring ...

Chinese Manufacturing: Renovation or Rebuilding?

In the past three decades, Chinese economy has been arresting the worldwide attention for its doubledigit growth rate. Playing a leading part in general economic development, Chinese manufacturing has been contributing a substantial portion in the total GDP growth. However, a national key project, the Research of China National Manufacturing Strategy, has found in the last several years that Ch...

Housing and the Economy: Policies for Renovation

Generalized Real Renovation Options

This paper revisits Williams (1997) on the effect of net rental price, asset quality and variable investment costs on the asset redevelopment decision. This paper develops a quasi-analytical method for solving the generalised real renovation option problem by treating the investment cost as having both a variable and a fixed element and then extends the analysis for the case where both the net ...

Scaffolding for Software Renovation

We discuss an approach that explores the use of scaaolding of source code to facilitate its renovation. We show that scaaolding is a useful paradigm for software renovation. We designed syntax and semantics for scaaolding, that enables all relevant applications of scaaolding. The automatic generation of extensions to a normal grammar, so that the resulting extension grammar can parse code with ...