lower bound


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Related to lower bound: Greatest lower bound

lower bound

[′lō·ər ¦bau̇nd]
(mathematics)
A lower bound of a subset A of a set S is a point of S which is smaller than every element of A.
A lower bound on a function ƒ with values in a partially ordered set S is an element of S which is smaller than every element in the range of ƒ.
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.
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References in periodicals archive ?
Observe that this means that the lower bound calculation (step 2/f) can get more than one tasks at a time also.
A Self-Bounding Branch & Bound Procedure for Truck Routing and Scheduling
Given the running shortfall of inflation relative to the 2 percent trend line, the current price-level is roughly at the lower bound of the symmetric 5% corridor.
A new twist on an old framework: bounded price-level targeting
Or they can work around the zero lower bound by creating a new monetary policy framework to restore the effectiveness of their most proven tool, cutting rates.
The Policy Perils of Low Interest Rates: Well before central banks slashed rates to fight the Great Recession, long-term market rates began slipping. With no reversal in sight, will policymakers lose their main recession-fighting tool?
Our algorithm begins with a preprocessing phase that first computes a lower bound L to use in constraint (14) using the method described in Section 3.
A Comparison of Algorithms for Finding an Efficient Theme Park Tour
Buiter, W (2009), "Negative Nominal Interest Rates: Three Ways to Overcome the Zero Lower Bound", NBER Working Paper No.
5 questions about central banks and digital currency
Table 1 presents historical statistics for the output gap (as measured by 100 times the natural log of real GDP divided by the Congressional Budget Office's estimate of potential), core PCE inflation (measured on a four-quarter basis), and the nominal federal funds rate--along with statistics from stochastic simulations of the DSGE model and the FRB/US model assuming that the steady-state nominal interest rate equals 6 percent (the 1960-2007 average) and the effective lower bound is zero.
Monetary policy in a low interest rate world
Then, similar to [4], the upper and lower bounds can be expressed by the midpoint and the interval width of [AF.sup.IR]([theta]) and [AF.sup.I.sub.J]([theta]):
Tolerance Analysis of Antenna Array Pattern and Array Synthesis in the Presence of Excitation Errors
Because the exact expressions of [P.sub.c] and ASE are unwieldy, we provide easy-to-compute upper and lower bounds of [P.sub.c].
Performance Analysis of Three-Dimensional Clustered Device-to-Device Networks for Internet of Things
In Figure 7(d), the control measure [w.sub.3] is at upper bound at the beginning and after 50 days it gradually drops to the lower bound at the final time.
Optimal Control Techniques on a Mathematical Model for the Dynamics of Tungiasis in a Community
is a lower bound of [[sigma].sub.p] = -1/2 and -[a.sub.n-1]/[na.sub.n] = -1.43 < -0.96 < -1/2 = [[sigma].sub.p].
Stability and Multiscroll Attractors of Control Systems via the Abscissa
It is observed that the lower bound of the ergodic capacity monotonically increases with the number of BS antenna [N.sub.r], the fading parameter [k.sub.m] and the transmit power [gamma] while decreases with the transceiver distances [D.sub.m].
Capacity bounds on the ergodic capacity of distributed MIMO systems over K fading channels
This article proposes a shadow interest rate that can measure the policy stance seamlessly both on and off the zero lower bound using common statistical factors that explain government and private-sector borrowing conditions.
Measuring the stance of monetary policy on and off the zero lower bound

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