Previously, the authors have designed and implemented an active motion control “virtual crankshaft” for a free piston engine, which enables precise piston tracking of desired trajectories. With this mechanism, the volume of the combustion chamber can be regulated, and therefore the pressure,...

With the acceptance of the new Basel II banking regulation (implemented in South Africa in January 2008) the search for improved ways of modeling the most important banking activities has become very topical. Since the notion of Levy-process was introduced, it has emerged as an important tool...

Intended for comprehensive assessment of water usage in agricultural for food production and to address its future, it is essential to scrutinize the dynamic behavior of crop production and its water footprint and virtual water trade. Through the current research a System Dynamic model that can...

Malaysian employees' public pension plan was studied to analyze pension expenditure due to salary risk and demographic risk. By integrating risk management and System Dynamics (SD) approach, the risk factors involved were identified, a causal loop diagram was constructed, and the SD model was...

Thermal management needs to be carefully considered in the lithium-ion battery module design to guarantee the temperature of batteries in operation within a narrow optimal range. This article firstly explores the thermal performance of battery module under different cell arrangement structures,...

This study introduces a combined method, on the basis of both system dynamics and econometric modeling, in forecasting the office rental values in Hong Kong. The findings suggest that the office rental values in Hong Kong appear to be more fluctuating when the price level of the office ownership...

Dynamic optimization problems cover a great class of problems in theoretical and applied economics and technology. In this account the exploitation of a general renewable capital stock is modeled through an alternative formulation to the classical optimal control approach. We propose a very...