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On February 12th, ISET hosted Dr. Andrea Ciani from Bocconi University, who presented his job market paper "Export Quality Upgrading under Credit Constraints".
The speaker began his presentation with a simple example that he used to explain his research paper. The Italian furniture company Kartell is famous for the production of plastic chairs. However, for export purposes, the firm decided to improve the quality of its product and started to produce chairs made from a mix of plastic and expensive materials, such as as silver, gold and even platinum. However, quality upgrades require investment. In many cases, companies have to take credits from local banks for this purposes.
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On November 20, 2014 Dr. Sergei Chobanyan professor of ISET and Georgian Technical University, Senior Scientist at the Niko Muskhelishvili Institute of Computational Mathematics of Georgian Technical University, held a presentation “On the Volume Calendar Planning Problem” at the ISET Conference Hall.
Dr. Sergei Chobanyan together with his colleagues from Niko Muskhelishvili Institute applied their theoretical results on the best rearrangement of summands to the following problem:The annual production plan of an enterprise consists of n items characterized by d-dimensional vectors. The group of researchers contributed to the development of stated problem, both fundamental and applied.
