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Effective climate change adaptation strategies are needed to determine the optimal allocation of scarce resources, commodities or capital under crisis conditions to minimize the economic consequences.
Vertices, which represent processes of production, consumption, transhipment and storage of resources (commodities), are connected by edges that capture commodity flows.
The method is demonstrated through several case studies to identify allocation policies geared towards reducing the impact of disruptions attributed to critical resources, commodities, or capital.
Though similar results can be obtained through traditional mathematical programming models, the process graph platform has the advantage to visually present the distribution of scarce resources, commodities or capital within the system.
In this paper, a process graph representation of the input output model is developed to generate a rational procedure for the allocation of scarce resources, commodities or capital during crisis conditions.
"Presumably no QUT buildings in the future will be made from steel to avoid having to use coking coal (an essential ingredient in making steel), nor will students or staff be able to catch public transport or ride bicycles, which are also made from resources commodities," Roche said.
Similar(51)
But the cost of bad debts jumped 27% from a year ago to $1.26bn, largely due to exposures to the resources, commodity and dairy sectors.
As discussed by Ahrens and Sharma [1] (elsewhere [2 5]), natural resources commodity prices exhibit stochastic trends.
Many of these employers are increasingly interested in hiring recent science Ph.D.s--a human resources commodity that apparently has come to their attention only recently.
Non-ferrous metal resources commodity producers, consumers and investors face problems resulting from the great variability in metal prices over time.
In order to capture the properties of empirical data, Brennan and Schwartz [6] proposed a geometric Brownian motion (GBM) model for forecasting natural resources commodity prices Y t : d Y t = θ Y t d t + σ Y t d W t, t ≥ 0, y 0 = 0, where d W t is the increment in a Gauss-Wiener process with drift θ and instantaneous standard deviation σ.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com