Search results

In terms of understanding the new issues emerging in the practice of monetary policies and how to evaluate the latest theories of monetary policy, this paper proposes referring to Das Kapital and developing a monetary policy theory grounded in Marxist political economy.

Based on the discussion of interest-bearing capital in Das Kapital and using a heterogeneous agent model, this paper tries to explain the determining mechanism of interest rate, leverage ratio, and asset price.

The research finds that if there are differences in the techniques possessed by capital, the resulting disparities in production efficiency will lead to differences in profit rates and further influence the functional choices of capital in the movement of social total capital. Thus, with the formation of lending relationships, interest rates, leverage ratios, and asset prices will be endogenously determined simultaneously. Moreover, as the degree of technological diffusion influences the industrial capitalists’ willingness to take loans as well as the level of profit rates, there may be counter-cyclical changes in the returns on productive investment and financial investment at different stages of the technology life cycle, contributing to diverting funds out of the real economy. Besides, this paper discusses the challenges, tools, and goals of monetary policy within the credit money system.

Clarify the intrinsic mechanism of the functional differentiation of capital determined by heterogeneous technologies and exogenous capital-labor relation and analyze the impact of capital differentiation on the economy.

The purpose of this paper is to present and develop an ontology-based approach for automatic generation of assembly sequences.

In this approach, an assembly sequence planning ontology is constructed to represent the structure and interrelationship of product geometry information and assembly process information. In the constructed ontology, certain reasoning rules are defined to describe the knowledge and experience. Based on the ontology with reasoning rules, the algorithm for automatically generating assembly sequences is designed and implemented.

The effectiveness of this approach is verified via applying it to generate the assembly sequences of a gear reducer.

The main contribution of the paper is presenting and developing an ontology-based approach for automatically generating assembly sequences. This approach can provide a feasible solution for the issue that mathematics-based assembly sequence generation approaches have great difficulty in explicitly representing assembly experience and knowledge.