• wattsON wattroinc Dynamic Uninterruptible Power Supply factory demonstration

    wattronic is dynamic UPS system for supplying continuous power to critical loads. It is completely free of batteries and inverters without the complexities of other flywheel UPS offerings on the market. Developed from a military-grade spec and now with a nearly 30-year legacy of providing robust power quality and security to some of the world's most demanding customers, wattronic is a truly utility-grade solution for secure, continuous power supply.

    published: 22 Mar 2013
  • Ryson Spiral as part of Dynamic Buffering System

    A Ryson Spiral Conveyor can be used to index in a dynamic buffering system. The Spiral conveyor provides vertical accumulation and buffers any imbalances in the flow of products or supply of cartons. The Spiral is reversible and accumulates products during over supply and purges during times of under supplying, where the Robot will load the cartons directly from the Spiral. This dynamic Buffering system compensates for intermittent operating interuptions and thereby significantly improves overall production efficiency. For more information, visit www.ryson.com.

    published: 28 Apr 2014
  • Supply and Demand: Crash Course Economics #4

    In which Adriene Hill and Jacob Clifford teach you about one of the fundamental economic ideas, supply and demand. What is supply and demand? Well, you’ll have to watch the video to really understand it, but it’s kind of important for everything economically. Supply and demand sets prices, and indicates to manufacturers how much to produce. Also, it has a lot to do with strawberries. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Jan Schmid, Simun Niclasen, Robert Kunz, Daniel Baulig, Jason A Saslow, Eric Kitchen, Christian, Beatrice Jin, Anna-Ester Volozh, Eric Knight, Elliot Beter, Jeffrey Tho...

    published: 14 Aug 2015
  • How to Install a 500 Series Module

    By request! A quick primer on how to install a module into a 500 series power supply. Many thanks to IGS audio for supplying the ALTER 500 compressor! http://www.igsaudio.com/ IGS audio makes some extremely cool products.. if you have a home studio, give them some serious consideration!

    published: 29 Apr 2015
  • Capture One Pro 8 Webinar | Dynamic Locations with James Johnson

    Originally broadcast on the 15th April 2015 Thanks to http://www.littleblackdress.co.uk for supplying the e-commerce images. Shot at http://www.photolinkstudios.co.uk (https://twitter.com/photolinkstudio) by Paul Fawley. Model - Rebecca Pearson - https://twitter.com/rebeccapearson - http://www.modeltypeface.com Phase One - http://www.phaseone.com Try Phase One: http://www.phaseone.com/demosignup Download Capture One: http://www.phaseone.com/download

    published: 30 Apr 2015
  • What is Classification of Governers & Explain Centrifugal Governer || Ekeeda.com

    Classification of Governors: Governors can be classified into many types based on their mode of operation. A brief classification of governors is given below: 1) Centrifugal Governors a) Gravity controlled governors i) Watt Governor ii)Porter Governor iii) Proell Governor b)Spring-loaded governors i)Hartnell Governor ii)Wilson-Hartnell Governor iii)Hartung Governor 2)Inertia Governors 3)Pickering Governors Centrifugal governor A centrifugal governor is a specific type of governor with a feedback system that controls the speed of an engine by regulating the amount of fuel (or working fluid) admitted, so as to maintain a near-constant speed, irrespective of the load or fuel-supply conditions. It uses the principle...

    published: 11 Apr 2016
  • Production 4.0 – Dynamic Milkrun

    The BIBA is a scientific engineering research Institute and performs application-oriented and industrial research by facing technological and organisational challenges. The conducted research projects are related to the scope of Industry 4.0. This film contribution depicts a successful approach to amplify lean principles by industry 4.0 technologies to reduce wastage in manufacturing logistics. Contact: Dipl.-Wi.-Ing. Marius Veigt Phone: +49 (0)421 218-50165 Fax: +49 (0)421 218-9850165 vei@biba.uni-bremen.de

    published: 20 May 2016
  • BMW Dynamic Performance Control Technology Guide

    Dynamic Performance Control switches power between the left and right rear wheels to stabilise the vehicle within milliseconds and help increase traction and lateral acceleration. Handling is lighter and more precise during normal as well as difficult driving conditions. How Dynamic Performance Control works can best be described in canoeing terms: if you want to turn right when canoeing in the main current, you can brake using the paddle on the right side of the canoe. This is how most common electronic stability programs work. Alternatively, you could use the paddle powerfully on the left side of the canoe in order to have more control in progressing forwards and turning right. This is the principle behind Dynamic Performance Control. It links the standard rear differential with a me...

    published: 07 Feb 2008
  • KNAPP AG - Open Shuttle

    The next generation of automated guided vehicle systems. Open Shuttles are free-moving robots used for transport within the warehouse facilities and for supplying work stations. These robots are different from conventional automated guided vehicle systems as they maneuver through the warehouse without optical or physical aids, allowing seamless integration in the existing environment. The vehicles react dynamically to various obstacles and autonomously plan their routes and alternative routes. KNAPP offers a fleet management system to centrally manage and monitor the Open Shuttles: it optimizes transport routes, coordinates the vehicles and controls the manoeuvring activities. Logistic scope of application The use of Open Shuttles makes it possible to automate complex material flow with ...

    published: 18 Jun 2014
  • Patrice Bäumel - Clair

    Beatport: http://www.beatport.com/release/roar/122224 iTunes: https://itunes.apple.com/de/album/roar-ep/id316580086 FB: https://www.facebook.com/getphysicalpage Ever since the release of his debut single, Mutant Pop, Bäumel has made a name for himself as producer of warm, lustrous and dynamic dancefloor music, releasing another sterling 12" on Trapez and supplying remixes for labels like MBF, Dirt Crew Recordings and Manual. Now the Amsterdam-based artist, who is originally from Dresden, delivers a brand new three-tracker for Get Physical which affirms his status as one of the most exciting young producers in contemporary house and techno music. A-side and title-track 'Roar' is a masterclass in the building of suspense. The taut, tense rhythmic backbone of the track consists of nothing m...

    published: 04 Oct 2013
  • Fan balancing. Impeller balancing.

    Here we have 55KW fan in our process supplying air to the burning zone in prehaeating area. This fan was having 5.5mm/s vibration and it was showing it in 1X range. This was needing balancing. So we performed balancing and then vibration reduced to 1.5mm/s after balancing.

    published: 19 Apr 2014
  • Supplying highly advanced sorting solutions to DPD on Łódź, Poland

    published: 12 May 2015
  • Planar HDX - Two-Axis Ultra-Precision Planar Air-Bearing Stage

    Aerotech’s long history of supplying ultra-precise positioning systems in high-technology fields such as semiconductor manufacturing has enabled ongoing development and improvement of key motion technologies. By building upon these technologies, Aerotech has developed the PlanarHDX, the most advanced commercially available planar air-bearing platform on the market. Designed using an FEA-optimized silicon carbide structure and optimized air-bearing compensation techniques, the PlanarHDX provides the highest possible dynamic performance while maintaining unparalleled geometric characteristics and positioning accuracy. To learn more about the PlanarHDX, please visit us on the web at http://aerote.ch/1dZ67A2

    published: 14 Nov 2014
  • Mod-08 Lec-32 Location problems -- p median problem, Fixed charge problem

    Operations and Supply Chain Management by Prof. G. Srinivasan , Department of Management Studies, IIT Madras. For more details on NPTEL visit http://nptel.iitm.ac.in

    published: 25 Jun 2012
  • Focusrite // Recording Banfi with the Scarlett 18i8

    We found a beautiful sounding Church near our headquarters in Buckinghamshire, and set up a number of Ear Trumpet Labs, SE and Shure microphones to record London based band 'Banfi.' We used the Focusrite Scarlett 18i8 and expanded via ADAT with the Octopre MK II Dynamic. Thanks to Funky Junk for supplying additional equipment on the day! For more information on Banfi, go to https://soundcloud.com/banfimusic To check out the Scarlett 18i8 in more detail, please visit: http://www.focusrite.com/usb-audio-interfaces/scarlett-18i8

    published: 28 Aug 2015
  • Dynamic Games with Asymmetric Information: A Framework for Empirical Work

    We develop a framework for the analysis of dynamic games that can be applied to the analysis of firm which compete in a market whose characteristics evolve over time as a probabilistic function of the actions of the firms competing in that market. Firm's chose their actions to maximize their perceptions of the discounted value of the returns that will accrue to them as a result of those actions. These returns depend on both their own states and their competitor's states. The firms know their own states, but only observe imprecise signals on the states of their competitors. Our goal is to provide a framework capable of analyzing the impact of policy or environmental changes in such a setting. Bayesian perfect Nash equilibria for environments that are rich enough to adequately approximate...

    published: 12 Aug 2016
wattsON wattroinc Dynamic Uninterruptible Power Supply factory demonstration

wattsON wattroinc Dynamic Uninterruptible Power Supply factory demonstration

  • Order:
  • Duration: 2:35
  • Updated: 22 Mar 2013
  • views: 396
videos
wattronic is dynamic UPS system for supplying continuous power to critical loads. It is completely free of batteries and inverters without the complexities of other flywheel UPS offerings on the market. Developed from a military-grade spec and now with a nearly 30-year legacy of providing robust power quality and security to some of the world's most demanding customers, wattronic is a truly utility-grade solution for secure, continuous power supply.
https://wn.com/Wattson_Wattroinc_Dynamic_Uninterruptible_Power_Supply_Factory_Demonstration
Ryson Spiral as part of Dynamic Buffering System

Ryson Spiral as part of Dynamic Buffering System

  • Order:
  • Duration: 1:18
  • Updated: 28 Apr 2014
  • views: 808
videos
A Ryson Spiral Conveyor can be used to index in a dynamic buffering system. The Spiral conveyor provides vertical accumulation and buffers any imbalances in the flow of products or supply of cartons. The Spiral is reversible and accumulates products during over supply and purges during times of under supplying, where the Robot will load the cartons directly from the Spiral. This dynamic Buffering system compensates for intermittent operating interuptions and thereby significantly improves overall production efficiency. For more information, visit www.ryson.com.
https://wn.com/Ryson_Spiral_As_Part_Of_Dynamic_Buffering_System
Supply and Demand: Crash Course Economics #4

Supply and Demand: Crash Course Economics #4

  • Order:
  • Duration: 10:22
  • Updated: 14 Aug 2015
  • views: 606767
videos
In which Adriene Hill and Jacob Clifford teach you about one of the fundamental economic ideas, supply and demand. What is supply and demand? Well, you’ll have to watch the video to really understand it, but it’s kind of important for everything economically. Supply and demand sets prices, and indicates to manufacturers how much to produce. Also, it has a lot to do with strawberries. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Jan Schmid, Simun Niclasen, Robert Kunz, Daniel Baulig, Jason A Saslow, Eric Kitchen, Christian, Beatrice Jin, Anna-Ester Volozh, Eric Knight, Elliot Beter, Jeffrey Thompson, Ian Dundore, Stephen Lawless, Today I Found Out, James Craver, Jessica Wode, Sandra Aft, Jacob Ash, SR Foxley, Christy Huddleston, Steve Marshall, Chris Peters Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
https://wn.com/Supply_And_Demand_Crash_Course_Economics_4
How to Install a 500 Series Module

How to Install a 500 Series Module

  • Order:
  • Duration: 4:41
  • Updated: 29 Apr 2015
  • views: 22461
videos
By request! A quick primer on how to install a module into a 500 series power supply. Many thanks to IGS audio for supplying the ALTER 500 compressor! http://www.igsaudio.com/ IGS audio makes some extremely cool products.. if you have a home studio, give them some serious consideration!
https://wn.com/How_To_Install_A_500_Series_Module
Capture One Pro 8 Webinar | Dynamic Locations with James Johnson

Capture One Pro 8 Webinar | Dynamic Locations with James Johnson

  • Order:
  • Duration: 1:01:44
  • Updated: 30 Apr 2015
  • views: 3295
videos
Originally broadcast on the 15th April 2015 Thanks to http://www.littleblackdress.co.uk for supplying the e-commerce images. Shot at http://www.photolinkstudios.co.uk (https://twitter.com/photolinkstudio) by Paul Fawley. Model - Rebecca Pearson - https://twitter.com/rebeccapearson - http://www.modeltypeface.com Phase One - http://www.phaseone.com Try Phase One: http://www.phaseone.com/demosignup Download Capture One: http://www.phaseone.com/download
https://wn.com/Capture_One_Pro_8_Webinar_|_Dynamic_Locations_With_James_Johnson
What is Classification of Governers & Explain Centrifugal Governer || Ekeeda.com

What is Classification of Governers & Explain Centrifugal Governer || Ekeeda.com

  • Order:
  • Duration: 7:31
  • Updated: 11 Apr 2016
  • views: 38207
videos
Classification of Governors: Governors can be classified into many types based on their mode of operation. A brief classification of governors is given below: 1) Centrifugal Governors a) Gravity controlled governors i) Watt Governor ii)Porter Governor iii) Proell Governor b)Spring-loaded governors i)Hartnell Governor ii)Wilson-Hartnell Governor iii)Hartung Governor 2)Inertia Governors 3)Pickering Governors Centrifugal governor A centrifugal governor is a specific type of governor with a feedback system that controls the speed of an engine by regulating the amount of fuel (or working fluid) admitted, so as to maintain a near-constant speed, irrespective of the load or fuel-supply conditions. It uses the principle of proportional control. The devices shown are on steam engines. Power is supplied to the governor from the engine's output shaft by a belt or chain connected to the lower belt wheel. The governor is connected to a throttle valve that regulates the flow of working fluid (steam) supplying the prime mover. As the speed of the prime mover increases, the central spindle of the governor rotates at a faster rate and the kinetic energy of the balls increases. This allows the two masses on lever arms to move outwards and upwards against gravity. If the motion goes far enough, this motion causes the lever arms to pull down on a thrust bearing, which moves a beam linkage, which reduces the aperture of a throttle valve. The rate of working-fluid entering the cylinder is thus reduced and the speed of the prime mover is controlled, preventing over-speeding. www.ekeeda.com #OnlineLectures #EducationForFree #FullHD #HappyLearning #Engineering Thanks For Supporting Us Website - http://ekeeda.com Parent Channel - https://www.youtube.com/c/ekeeda Facebook - https://www.facebook.com/ekeeda.video Twitter - https://twitter.com/Ekeeda_Official Blogger - http://ekeeda.blogspot.in Pinterest - https://in.pinterest.com/ekeedavideo Digg - http://digg.com/u/ekeeda_Video Tumbler - https://www.tumblr.com/blog/ekeedavideo Reddit - https://www.reddit.com/user/ekeeda_Video LinkedIn- https://www.linkedin.com/in/ekeeda-video-4a5b83124 Happy Learning : ) -~-~~-~~~-~~-~- Please watch: "19 Problem 6 on SFD and BMD for the beam as shown in figure" https://www.youtube.com/watch?v=aQTRebqlvMw -~-~~-~~~-~~-~-
https://wn.com/What_Is_Classification_Of_Governers_Explain_Centrifugal_Governer_||_Ekeeda.Com
Production 4.0 – Dynamic Milkrun

Production 4.0 – Dynamic Milkrun

  • Order:
  • Duration: 4:16
  • Updated: 20 May 2016
  • views: 626
videos
The BIBA is a scientific engineering research Institute and performs application-oriented and industrial research by facing technological and organisational challenges. The conducted research projects are related to the scope of Industry 4.0. This film contribution depicts a successful approach to amplify lean principles by industry 4.0 technologies to reduce wastage in manufacturing logistics. Contact: Dipl.-Wi.-Ing. Marius Veigt Phone: +49 (0)421 218-50165 Fax: +49 (0)421 218-9850165 vei@biba.uni-bremen.de
https://wn.com/Production_4.0_–_Dynamic_Milkrun
BMW Dynamic Performance Control Technology Guide

BMW Dynamic Performance Control Technology Guide

  • Order:
  • Duration: 1:02
  • Updated: 07 Feb 2008
  • views: 54377
videos
Dynamic Performance Control switches power between the left and right rear wheels to stabilise the vehicle within milliseconds and help increase traction and lateral acceleration. Handling is lighter and more precise during normal as well as difficult driving conditions. How Dynamic Performance Control works can best be described in canoeing terms: if you want to turn right when canoeing in the main current, you can brake using the paddle on the right side of the canoe. This is how most common electronic stability programs work. Alternatively, you could use the paddle powerfully on the left side of the canoe in order to have more control in progressing forwards and turning right. This is the principle behind Dynamic Performance Control. It links the standard rear differential with a mechanical planetary gear set and an electronically controlled multi-plate clutch for each rear wheel. Its mechatronical system combines informatics, electronics and mechanics to process complex data such as the yaw rate, wheel speeds, steering angle and engine torque so that it can react immediately: when required, the system ensures that drive power distribution to the rear wheels can be freely varied and increased on either side as needed. The power distribution can also be displayed on the onboard computer. Dynamic Performance Control increases directional stability when accelerating out of bends and provides the driver with extra support when dealing with difficult driving conditions. Before under- or oversteer can take place, lateral guided force is used to keep the vehicle on track. Precise steering significantly increases driving comfort and safety. Dynamic Performance Control is also effective when the vehicle is coasting - when the driver removes their foot from the accelerator - or when they have pressed the clutch pedal. If the rear wheels are on different types of surfaces, Dynamic Performance Control improves traction by supplying more drive power to the wheel with more grip. A wheel torque difference of up to 1,800 Nm can be actively created between the left and right rear wheels. This increases driving stability and allows for much faster acceleration. As a logical progression to the xDrive all-wheel drive system, Dynamic Performance Control can be matched to all drive concepts and engines. Whereas xDrive variably controls the power distribution between the front and rear axles, Dynamic Performance Control intelligently distributes power between the two rear wheels. This results in precise handling whatever the driving conditions.
https://wn.com/Bmw_Dynamic_Performance_Control_Technology_Guide
KNAPP AG - Open Shuttle

KNAPP AG - Open Shuttle

  • Order:
  • Duration: 2:57
  • Updated: 18 Jun 2014
  • views: 14958
videos
The next generation of automated guided vehicle systems. Open Shuttles are free-moving robots used for transport within the warehouse facilities and for supplying work stations. These robots are different from conventional automated guided vehicle systems as they maneuver through the warehouse without optical or physical aids, allowing seamless integration in the existing environment. The vehicles react dynamically to various obstacles and autonomously plan their routes and alternative routes. KNAPP offers a fleet management system to centrally manage and monitor the Open Shuttles: it optimizes transport routes, coordinates the vehicles and controls the manoeuvring activities. Logistic scope of application The use of Open Shuttles makes it possible to automate complex material flow with a high number of m:n relationships. The flexibility and easy options for expansion create a huge range of possibilities for application for inhouse logistics. The unique dynamic and autonomous navigation technology makes it possible to automate complex transport networks within a few days without requiring any additional structural measures. Based on the high flexibility of the system, changes to material flow are carried out without any restrictions in operational availability. KNAPP Fleet Management quickly adjusts the number of Open Shuttles to the current operating requirements. This means only the precise number of vehicles actually needed to handle the current workload will be operating at any given time.
https://wn.com/Knapp_Ag_Open_Shuttle
Patrice Bäumel - Clair

Patrice Bäumel - Clair

  • Order:
  • Duration: 7:34
  • Updated: 04 Oct 2013
  • views: 6968
videos
Beatport: http://www.beatport.com/release/roar/122224 iTunes: https://itunes.apple.com/de/album/roar-ep/id316580086 FB: https://www.facebook.com/getphysicalpage Ever since the release of his debut single, Mutant Pop, Bäumel has made a name for himself as producer of warm, lustrous and dynamic dancefloor music, releasing another sterling 12" on Trapez and supplying remixes for labels like MBF, Dirt Crew Recordings and Manual. Now the Amsterdam-based artist, who is originally from Dresden, delivers a brand new three-tracker for Get Physical which affirms his status as one of the most exciting young producers in contemporary house and techno music. A-side and title-track 'Roar' is a masterclass in the building of suspense. The taut, tense rhythmic backbone of the track consists of nothing more than a hand-clap and a lisping hi-hat, and yet its power is vast. A simple synth motif is looped and manipulated, teased into a succession of juddering climaxes that will have dancefloors positively rapt. There is no kickdrum at all, making 'Roar' both a formidable DJ tool and an impressive, insouciant re-writing of the techno rulebook. There definitely is a kickdrum on B1 'Comfortably Uncomfortable', a tough and unbending one at that. It sets the scene for a panning synth motif and upstairs-downstairs bass melody precision tooled to reak maximum havoc on the floor. Bäumel's mastery of dancefloor mechanics and organics is in full effect, as he drops pressurized snares and intertwines shining slivers of synth. Where the strength of 'Roar' and 'Comfortably Uncomfortable' lies in their 4x4 linearity, B2 'Clair' is all about the swing, with the kickdrum offset by Latin percussion patterns and melody. Just under four minutes in a velvety, synthetic string theme swells into the foreground, rubbing against the drums and intricate. Meanwhile, Bäumel works the dropping contrasting the ceaseless forward momentum of the kick and plenty of dubby delay, It's a deeply atmospheric, dramatic track, suffused with melancholy and euphoria alike, and with enough tantalizing builds and heavy drop-downs to make it peak-time club material. Over the course of the three tracks here, Patrice Bäumel once again displays a restless desire to innovate, to keep moving, and not to stand still. www.getphysicalmusic.com
https://wn.com/Patrice_BäUmel_Clair
Fan balancing. Impeller balancing.

Fan balancing. Impeller balancing.

  • Order:
  • Duration: 13:12
  • Updated: 19 Apr 2014
  • views: 20756
videos
Here we have 55KW fan in our process supplying air to the burning zone in prehaeating area. This fan was having 5.5mm/s vibration and it was showing it in 1X range. This was needing balancing. So we performed balancing and then vibration reduced to 1.5mm/s after balancing.
https://wn.com/Fan_Balancing._Impeller_Balancing.
Supplying highly advanced sorting solutions to DPD on Łódź, Poland

Supplying highly advanced sorting solutions to DPD on Łódź, Poland

  • Order:
  • Duration: 3:30
  • Updated: 12 May 2015
  • views: 2112
videos
https://wn.com/Supplying_Highly_Advanced_Sorting_Solutions_To_Dpd_On_Łódź,_Poland
Planar HDX - Two-Axis Ultra-Precision Planar Air-Bearing Stage

Planar HDX - Two-Axis Ultra-Precision Planar Air-Bearing Stage

  • Order:
  • Duration: 2:20
  • Updated: 14 Nov 2014
  • views: 7154
videos
Aerotech’s long history of supplying ultra-precise positioning systems in high-technology fields such as semiconductor manufacturing has enabled ongoing development and improvement of key motion technologies. By building upon these technologies, Aerotech has developed the PlanarHDX, the most advanced commercially available planar air-bearing platform on the market. Designed using an FEA-optimized silicon carbide structure and optimized air-bearing compensation techniques, the PlanarHDX provides the highest possible dynamic performance while maintaining unparalleled geometric characteristics and positioning accuracy. To learn more about the PlanarHDX, please visit us on the web at http://aerote.ch/1dZ67A2
https://wn.com/Planar_Hdx_Two_Axis_Ultra_Precision_Planar_Air_Bearing_Stage
Mod-08 Lec-32 Location problems -- p median problem, Fixed charge problem

Mod-08 Lec-32 Location problems -- p median problem, Fixed charge problem

  • Order:
  • Duration: 48:34
  • Updated: 25 Jun 2012
  • views: 13025
videos
Operations and Supply Chain Management by Prof. G. Srinivasan , Department of Management Studies, IIT Madras. For more details on NPTEL visit http://nptel.iitm.ac.in
https://wn.com/Mod_08_Lec_32_Location_Problems_P_Median_Problem,_Fixed_Charge_Problem
Focusrite // Recording Banfi with the Scarlett 18i8

Focusrite // Recording Banfi with the Scarlett 18i8

  • Order:
  • Duration: 3:05
  • Updated: 28 Aug 2015
  • views: 42109
videos
We found a beautiful sounding Church near our headquarters in Buckinghamshire, and set up a number of Ear Trumpet Labs, SE and Shure microphones to record London based band 'Banfi.' We used the Focusrite Scarlett 18i8 and expanded via ADAT with the Octopre MK II Dynamic. Thanks to Funky Junk for supplying additional equipment on the day! For more information on Banfi, go to https://soundcloud.com/banfimusic To check out the Scarlett 18i8 in more detail, please visit: http://www.focusrite.com/usb-audio-interfaces/scarlett-18i8
https://wn.com/Focusrite_Recording_Banfi_With_The_Scarlett_18I8
Dynamic Games with Asymmetric Information: A Framework for Empirical Work

Dynamic Games with Asymmetric Information: A Framework for Empirical Work

  • Order:
  • Duration: 1:27:46
  • Updated: 12 Aug 2016
  • views: 30
videos
We develop a framework for the analysis of dynamic games that can be applied to the analysis of firm which compete in a market whose characteristics evolve over time as a probabilistic function of the actions of the firms competing in that market. Firm's chose their actions to maximize their perceptions of the discounted value of the returns that will accrue to them as a result of those actions. These returns depend on both their own states and their competitor's states. The firms know their own states, but only observe imprecise signals on the states of their competitors. Our goal is to provide a framework capable of analyzing the impact of policy or environmental changes in such a setting. Bayesian perfect Nash equilibria for environments that are rich enough to adequately approximate behavior have computational and informational demands that both; (i) make them impossible for applied researchers to use, and (ii) unlikely to be the best approximation to agent's actual behavior. So we introduce an alternative notion of equilibria which is less demanding of both agents and researchers, while still implying agents 'optimize' in a meaningful sense of that word. We show that: (i) there is an artificial intelligence algorithm that makes it relatively easy to compute (at least some of) the resultant equilibria, and (ii) it is relatively easy to use the properties of that equilibria to estimate any unknown parameters of the game. We use the analysis of a de-regulated electric utility market as an example. Two firms each own several generators and bid 'supply functions' into the market in every period (a quantity supplied as an increasing function of price). An independent system operator (an ISO) sums the supply curves horizontally and intersects the result with demand to determine the period's price and the quantities to be produced by each firm. The firm's cost of supplying electricity on each of its generators is increasing in the current quantity produced and stochastically increasing in the quantities produced since the last time the firm did maintenance on that generator. Firms do not know the current cost of their competitor's generators but realize that the returns they will earn from the bid on each of its generator will increase the less the quantity supplied by other generators (their own, as well as those of its competitors). This provides incentives for firms to simply shut down some generators without doing maintenance, and to implicitly co-ordinate shutdowns across firms. Consumers pay the price through the resultant increase in the price of electricity. Joint work with Chaim Fershtman
https://wn.com/Dynamic_Games_With_Asymmetric_Information_A_Framework_For_Empirical_Work
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