East Africa has two rainy seasons: the long rains [March–May (MAM)] and the short rains [October– December (OND)]. Most CMIP3/5 coupled models overestimate the short rains while underestimating the long rains. In this study, the East African rainfall bias is investigated by comparing the coupled historical simulations from CMIP5 to the corresponding SST-forced AMIP simulations. Much of the inve...

What do academics have to offer market risk management practitioners in financial institutions? Current industry practice largely follows one of two extremely restrictive approaches: historical simulation or RiskMetrics. In contrast, we favor flexible methods based on recent developments in financial econometrics, which are likely to produce more accurate assessments of market risk. Clearly, th...

Schools appear to be facing a crisis of engaging secondary students in meaningful learning. Many are recognizing that the learning principles in computer and video games make reflect our best theories of cognition, yet are underutilized as an educational resource. This paper suggests an alternative model for game-based learning outside of schools. Drawing on case studies of youth participating ...

The historical simulations of sea ice during 1979 to 2005 by the Coupled Model Intercomparison Project Phase 5 (CMIP5) are compared with satellite observations, Global Ice-Ocean Modeling and Assimilation System (GIOMAS) output data and Pan-Arctic Ice Ocean Modeling and Assimilation System (PIOMAS) output data in this study. Forty-nine models, almost all of the CMIP5 climate models and earth sys...

[1] Recent observations show a decrease in the fraction of precipitation falling as snowfall in the western United States. In this work we evaluate a historical and future climate simulation over the Colorado River Basin using a 35 km continuous 111 year simulation (1969–2079) of the Weather Research and Forecasting (WRF) regional climate model with boundary forcing from the Hadley Centre for C...

What is the best method for doing simulation research? This has been the basis of a continuing debate within the social science research community. Resolving it is important if the community is to demonstrate clearly that simulation is an effective method for research in the social sciences. In this paper, we tackle the question from a historical and philosophical perspective. We argue that the...

Business processes present business logic of enterprises and or web services. In current Internet based dynamic business environment, business logic and resource allocation may have to change more frequently than before to match various business conditions in time. Business process deployment is a very costly procedure. It is desirable that a business process reengineering action could be verif...

An agent-based simulation model representing a theory of the dynamic processes involved in innovation in modern knowledge-based industries is described. The agent-based approach allows the representation of heterogeneous agents that have individual and varying stocks of knowledge. The simulation is able to model uncertainty, historical change, effect of failure on the agent population, and agen...

An agent-based simulation model representing a theory of the dynamic processes involved in innovation in modern knowledge-based industries is described. The agent-based approach allows the representation of heterogeneous agents that have individual and varying stocks of knowledge. The simulation is able to model uncertainty, historical change, effect of failure on the agent population, and agen...