Business cycles in emerging market economies are systematically associated with countercyclical changes in their country spreads: namely, in bad times, countries borrow less at higher spread and default more frequently. To examine this prominent aspect of emerging countries, I develop a small open economy model of sovereign default in a dynamic stochastic general equilibrium setting. In this mo...

Currently, in Iran's banking system, non-repayment of facilities has become one of the biggest issues, and due to the lack of a proper system for proper allocation of facilities, they face a number of problems, including the problem of allocation of loans, the problem of failure to repay loans Of the central bank, or the amount of facilities increased from the amount of reimbursement. The solut...

Free-span occurs normally in a pipeline at uneven seabed, dynamic seabed and pipeline crossing. Free spanning in pipeline causes Vortex Induced Vibration (VIV) fatigue, fracture and bursting. In this paper, a pipeline located in South Pars Gas Field is assessed against local buckling and VIV fatigue using probability of failure theory based on the recommended methodology by Det Norske Veritas (...

In this paper, we focus on a continuously deteriorating critical equipment which its failure cannot be measured by cost criterion. For these types of systems like military systems, nuclear systems, etc it is extremely important to avoid failure during the actual operation of the system. In this paper we propose an approach which constrains failure probability to a pre-specified value. This valu...

in this paper we focus on a continuously deteriorating two units series equipment which its failure can not be measured by cost criterion. for these types of systems avoiding failure during the actual operation of the system is extremely important. in this paper we determine inspection periods and maintenance policy in such a way that failure probability is limited to a pre-specified value and ...

In this paper, a reliability approach on reconfiguration decisions in a supply chain network is studied based on coupling the simulation concepts and artificial neural network. In other words, due to the limited budget for warehouse relocation in a supply chain, the failure probability is assessed for determining the robust decision for future supply chain configuration. Traditional solving ...

In stark contrast to bank debt contracts, most micro-finance contracts require that repayments start nearly immediately after loan disbursement and occur weekly thereafter. Even though economic theory suggests that a more flexible repayment schedule would benefit clients and potentially improve their repayment capacity, micro-finance practitioners argue that he fiscal discipline imposed by freq...