• Asian Journal of Business Environment
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• v.14 no.1
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• pp.23-30
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• 2024

Purpose: The purpose of this research is to explore the macroeconomic model through both static and dynamic equations. The primary objective of this study is to investigate the variations in the elasticity of substitution across changing economic variables within the framework of the Allen-Uzawa production functions. Research, design, data and methodology: The data were drawn from the World Bank's annual central statistical office database from 2010 to 2021 in the United States of America. The level of expenditures and of the public finance sector, macroeconomic data like output, inflation rates, and labor are examined. Results: This study demonstrates the interaction of two equations, clarifying that the macroeconomic model is practical to determining the stability of both static and dynamic equation systems analytically. The Allen-Uzawa equations allow for the verification of macroeconomic model properties, and study results demonstrate an increase in the range of capital uses as a form of mechanization. A constant elasticity of substitution function is derived from the macroeconomic variables. Conclusion: The macroeconomic model, though the analysis of the static and dynamic Allen - Uzawa model, not only facilitates the examination of long-term trends in crucial endogenous variables but also overcomes challenges commonly associated with other mathematical methods. Overall, the analysis promotes economic growth, investment, and employment. The levels of expenditures and the public finance sector, along with macroeconomic data such as output, inflation rates, and labor, are examined.

• East Asian mathematical journal
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• v.34 no.3
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• pp.331-338
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• 2018

We investigate the optimal consumption and portfolio strategies of an agent who has a constant elasticity of substitution (CES) utility function under the negative wealth constraint. We use the martingale method to derive the closed-form solution, and we give some numerical implications.

• Computers and Concrete
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• v.24 no.3
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• pp.193-206
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• 2019

Although concrete is the most widely used construction material, its deficiency in shrinkage and low tensile resistance is undeniable. However, the aforementioned defects can be partially modified by addition of fibers. On the other hand, possibility of adding waste materials in concrete has provided a new ground for use of recycled concrete aggregates in the construction industry. In this study, a constant combination of recyclable coarse and fine concrete aggregates was used to replace the corresponding aggregates at 50% substitution percentage. Moreover, in order to investigate the effects of fibers on mechanical and durability properties of recycled aggregate concrete, the amounts of 0.5%, 1%, and 1.5% steel fibers (ST) and 0.05%, 0.1% and 0.15% polypropylene (PP) fibers by volumes were used individually and in hybrid forms. Compressive strength, tensile strength, flexural strength, ultrasonic pulse velocity (UPV), water absorption, toughness, elastic modulus and shrinkage of samples were investigated. The results of mechanical properties showed that PP fibers reduced the compressive strength while positive impact of steel fibers was evident both in single and hybrid forms. Tensile and flexural strength of samples were improved and the energy absorption of samples containing fibers increased substantially before and after crack presence. Growth in toughness especially in hybrid fiber-reinforced specimens retarded the propagation of cracks. Modulus of elasticity was decreased by the addition of PP fibers while the contrary trend was observed with the addition of steel fibers. PP fibers decreased the ultrasonic pulse velocity slightly and had undesirable effect on water absorption. However, steel fiber caused negligible decline in UPV and a small impact on water absorption. Steel fibers reduce the drying shrinkage by up to 35% when was applied solely. Using fibers also resulted in increasing the ductility of samples in failure. In addition, mechanical properties changes were also evaluated by statistical analysis of MATLAB software and smoothing spline interpolation on compressive, flexural, and indirect tensile strength. Using shell interpolation, the optimization process in areas without laboratory results led to determining optimal theoretical points in a two-parameter system including steel fibers and polypropylene.