The Anziam Journal

The 21 self-contained chapters in this book, include recent developments in several optimization-related topics such as decision theory, linear programming, turnpike theory, duality theory, convex analysis, and queueing theory. This work will be a valuable tool not only to specialists interested in the technical detail and various applications presented, but also to researchers interested in building upon the book’s theoretical results.

Contemporary capitalism is characterized by periods of vigorous economic growth and periods of slow or even negative growth. This book draws on the classical political economy approach to consider both economic cycles and economic growth and draw conclusions about the inherent instability of the modern economy. The book shows that the work of the old classical economists (Smith and Ricardo) and Marx is theoretically sound and capable of providing answers to both growth and cycles. It also demonstrates the potential and natural integration of growth and cycles in a single model. The microeconomic foundation of this model is the labor theory of value, which continues with the General Law of Capital Accumulation, the Law of the Falling Rate of Profit, and the movement of the Industrial Reserve Army of Labour. Finally, a dynamic model of growth-cum-cycles is constructed consisting of the evolution and interaction of five key variables, namely, the rate of profit, the propensity to invest in fixed capital, technological change, the reserve army of labour, and the rate of capital devaluation. The analysis demonstrates that economic growth and cycles are not disconnected from each other, as they have been treated in the literature, but rather interdependent aspects of the same evolutionary process of a capitalist economy. This book will interest readers in the history of economic thought, economic growth and development, macroeconomics, and political economy.

Cavitation and Bubble Dynamics: Fundamentals and Applications examines the latest advances in the field of cavitation and multiphase flows, including associated effects such as material erosion and spray instabilities. This book tackles the challenges of cavitation hindrance in the industrial world, while also drawing on interdisciplinary research to inform academic audiences on the latest advances in the fundamentals. Contributions to the book come from a wide range of specialists in areas including fuel systems, hydropower, marine engineering, multiphase flows and computational fluid mechanics, allowing readers to discover novel interdisciplinary experimentation techniques and research results. This book will be an essential tool for industry professionals and researchers working on applications where cavitation hindrance affects reliability, noise, and vibrations. Covers a wide range of cavitation and bubble dynamics phenomena, including shock wave emission, jetting, and luminescence Provides the latest advice about applications including cavitation tunnels, cavitation testing, flow designs to avoid cavitation in pumps and other hydromachinery, and flow lines Describes novel experimental techniques, such as x-ray imaging and new computational techniques

This book provides different approaches used to analyze, draw attention, and provide an understanding of the advancements in the optimization field across the globe. It brings all of the latest methodologies, tools, and techniques related to optimization and industrial engineering into a single volume to build insights towards the latest advancements in various domains. Applications of Advanced Optimization Techniques in Industrial Engineering includes the basic concept of optimization, techniques, and applications related to industrial engineering. Concepts are introduced in a sequential way along with explanations, illustrations, and solved examples. The book goes on to explore applications of operations research and covers empirical properties of a variety of engineering disciplines. It presents network scheduling, production planning, industrial and manufacturing system issues, and their implications in the real world. The book caters to academicians, researchers, professionals in inventory analytics, business analytics, investment managers, finance firms, storage-related managers, and engineers working in engineering industries and data management fields.

Sustainable Development and Innovations in Marine Technologies includes the papers presented at the 18th International Congress of the Maritime Association of the Mediterranean (IMAM 2019, Varna, Bulgaria, 9-11 September 2019). Sustainable Development and Innovations in Marine Technologies includes a wide range of topics: Aquaculture & Fishing; Construction; Defence & Security; Design; Dynamic response of structures; Degradation/ Defects in structures; Electrical equipment of ships; Human factors; Hydrodynamics; Legal/Social aspects; Logistics; Machinery & Control; Marine environmental protection; Materials; Navigation; Noise; Non-linear motions – manoeuvrability; Off-shore and coastal development; Off-shore renewable energy; Port operations; Prime movers; Propulsion; Safety at sea; Safety of Marine Systems; Sea waves; Seakeeping; Shaft & propellers; Ship resistance; Shipyards; Small & pleasure crafts; Stability; Static response of structures; Structures, and Wind loads. The IMAM series of Conferences started in 1978 when the first Congress was organised in Istanbul, Turkey. IMAM 2019 is the eighteenth edition, and in its nearly forty years of history, this biannual event has been organised throughout Europe. Sustainable Development and Innovations in Marine Technologies is essential reading for academics, engineers and all professionals involved in the area of sustainable and innovative marine technologies.

Stochastic elasticity is a fast developing field that combines nonlinear elasticity and stochastic theories in order to significantly improve model predictions by accounting for uncertainties in the mechanical responses of materials. However, in contrast to the tremendous development of computational methods for large-scale problems, which have been proposed and implemented extensively in recent years, at the fundamental level, there is very little understanding of the uncertainties in the behaviour of elastic materials under large strains. Based on the idea that every large-scale problem starts as a small-scale data problem, this book combines fundamental aspects of finite (large-strain) elasticity and probability theories, which are prerequisites for the quantification of uncertainties in the elastic responses of soft materials. The problems treated in this book are drawn from the analytical continuum mechanics literature and incorporate random variables as basic concepts along with mechanical stresses and strains. Such problems are interesting in their own right but they are also meant to inspire further thinking about how stochastic extensions can be formulated before they can be applied to more complex physical systems.

Sustainable Development and Innovations in Marine Technologies includes the papers presented at the 19th International Congress of the International Association of the Mediterranean (IMAM 2022, Istanbul, Turkey, 26-29 September 2022), one of the major conferences in maritime industry. The Congress has a history of more than forty years since the first Congress was held in Istanbul in 1978. IMAM 2022 is the fourth congress hosted by Istanbul in its history. The IMAM congresses concentrate their activities in the thematic areas of Ship Building and Repair; Maritime Transportation and Logistics; Hydrodynamics, Marine Structures; Machinery and Control, Design and Materials; Marine Environment; Safety of Marine Systems; Decarbonisation and Digitalization; Off-shore and Coastal Development; Noise and Vibration; Defense and Security; Off-shore Renewable Energy. Sustainable Development and Innovations in Marine Technologies is essential reading for academics, engineers and all professionals involved in sustainable and innovative marine technologies.