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Export market risk and the role of state credit guarantees
Get PDFMany countries offer state credit guarantees to support credit-constrained exporters. The policy instrument is commonly justified by governments as a means to mitigating adverse outcomes of financial market frictions for exporting firms. Accumulated returns to the German state credit guarantee scheme deriving from risk-compensating premia have outweighed accumulated losses over the past 60 years. Why do private financial agents not step in and provide insurance given that the state-run program yields positive returns? We argue that costs of risk diversification, liquidity management, and coordination among creditors limit the ability of private financial agents to offer comparable insurance products. Moreover, we suggest that the government’s greater effectiveness in recovering claims in foreign countries endows the state with a cost advantage in dealing with the risks involved in large export projects. We test these hypotheses using monthly firm-level data combined with official transaction-level data on covered exports of German firms and find suggestive evidence that positive effects on trade are due to mitigated financial constraints: State credit guarantees benefit firms that are dependent on external finance, if the value at risk which they seek to cover is large, and at times when refinancing conditions on the private financial market are tight
Bericht zum Ateliersemester Sommer 2021
No full textBericht des Ateliersemesters mit folgenden Themen: Software Blender, Unity, Scripting Python in Grasshopper, Teachable Machine, pix2pix, Künstliche Intelligenz, Atlas of Digital Architecture, MOOG, Open Innovation Lab, Wikihous
Home Health Systems: conception and implementation results
No full textThe development of home health systems can provide continuous and user-friendly monitoring of key health parameters. This project aims to create a concept for such a system, implement it on a test basis, and evaluate it. Three health areas were selected for this purpose:
Sleep, Stress, and Rehabilitation. Appropriate devices were installed in the homes of test subjects and used by them for two weeks. Besides, relevant questionnaires were completed to obtain a complete picture. Finally, the implemented system was evaluated, and the results of the conducted study showed that home health systems have great potential. However, it is necessary to consider some points to increase the usability of the system and the motivation of the users. Among others, ease of use of the equipment is of extreme importance
Einsatz rekurrenter neuronaler Netze als unabhängige Verbesserung bereits trainierter Algorithmen zur Erkennung von Schlafphasen
No full textEntwicklung neuer Technologien zur Dekontamination von Kanten und Störstellen
No full textIm Rahmen des KONTEC Kongresses 2021 in Dresden wurden sowohl ein Poster als auch ein Paper des Forschungsprojekts EKont veröffentlicht. Neben der Schilderung des Versuchsaufbaus werden neuartige Schneidprozesse und Abtragsprinzipien vorgestellt. Im Anschluss daran werden vier Prototypen (gleichsinniger Stufenfräser, gegenläufiger Stufenfräser, mittig gegenläufiger Stufenfräser - Getriebe und oszillierender Werkzeugaufsatz) beschrieben
Shape Estimation and Tracking using Spherical Double Fourier Series for Three-Dimensional Range Sensors
Get PDFIn this paper, a novel measurement model based on spherical double Fourier series (DFS) for estimating the 3D shape of a target concurrently with its kinematic state is introduced. Here, the shape is represented as a star-convex radial function, decomposed as spherical DFS. In comparison to ordinary DFS, spherical DFS do not suffer from ambiguities at the poles. Details will be given in the paper. The shape representation is integrated into a Bayesian state estimator framework via a measurement equation. As range sensors only generate measurements from the target side facing the sensor, the shape representation is modified to enable application of shape symmetries during the estimation process. The model is analyzed in simulations and compared to a shape estimation procedure using spherical harmonics. Finally, shape estimation using spherical and ordinary DFS is compared to analyze the effect of the pole problem in extended object tracking (EOT) scenarios
SyNumSeS: A Python Package for Numerical Simulation of Semiconductor Devices
No full textSyNumSeS is a Python package for numerical simulation of semiconductor devices. It uses the Scharfetter-Gummel discretization for solving the one dimensional Van Roosbroeck system which describes the free electron and hole transport by the drift-diffusion model. As boundary conditions voltages can be applied to Ohmic contacts. It is suited for the simulation of pn-diodes, MOS-diodes, LEDs (hetero junction), solar cells, and (hetero) bipolar transistors
Deep transformation models
No full textWe present a deep transformation model for probabilistic regression. Deep learning is known for outstandingly accurate predictions on complex data but in regression tasks it is predominantly used to just predict a single number. This ignores the non-deterministic character of most tasks. Especially if crucial decisions are based on the predictions, like in medical applications, it is essential to quantify the prediction uncertainty. The presented deep learning transformation model estimates the whole conditional probability distribution, which is the most thorough way to capture uncertainty about the outcome. We combine ideas from a statistical transformation model (most likely transformation) with recent transformation models from deep learning (normalizing flows) to predict complex outcome distributions. The core of the method is a parameterized transformation function which can be trained with the usual maximum likelihood framework using gradient descent. The method can be combined with existing deep learning architectures. For small machine learning benchmark datasets, we report state of the art performance for most dataset and partly even outperform it. Our method works for complex input data, which we demonstrate by employing a CNN architecture on image data