A combined heat and power plant with regenerative closed-cycle gas turbine is considered. The heat transfer losses, irreversible adiabatic losses and irreversible pressure drop losses are considered in the plant. The expressions of dimensionless profit rate and exergy efficiency are gained. The...

Traditional steam methane reforming facilities for producing hydrogen not only consume a large amount of natural gas, but also emit a lot of greenhouse gas. Considering the utilization of clean energy, the reduction of carbon dioxide emission, and the production of chemicals, this paper...

Traditional steam methane reforming facilities for producing hydrogen not only consume a large amount of natural gas, but also emit a lot of greenhouse gas. Considering the utilization of clean energy, the reduction of carbon dioxide emission, and the production of chemicals, this paper...

A combined heat and power plant with regenerative closed-cycle gas turbine is considered. The heat transfer losses, irreversible adiabatic losses and irreversible pressure drop losses are considered in the plant. The expressions of dimensionless profit rate and exergy efficiency are gained. The...

Problem Definition: Many import items sold at Walmart.com have two suppliers: one is faster and has a random production capacity limit while the other is slower and has infinite capacity. The lead time difference of the two suppliers could be as large as 12 weeks. Walmart.com faces an important...

Motivated by prediction problems for time series with heavy-tailed marginal distributions, we consider methods based on `local least absolute deviations' for estimating a regression median from dependent data. Unlike more conventional `local median' methods, which are in effect based on locally...

We consider local least absolute deviation (LLAD) estimation for trend functions of time series with heavy tails which are characterised via a symmetric stable law distribution. The setting includes both causal stable ARMA model and fractional stable ARIMA model as special cases. The asymptotic...

Since its introduction by Owen in [29, 30], the empirical likelihood method has been extensively investigated and widely used to construct confidence regions and to test hypotheses in the literature. For a large class of statistics that can be obtained via solving estimating equations, the...

For an AR(1) process with ARCH(1) errors, we propose empirical likelihood tests for testing whether the sequence is strictly stationary but has infinte variance, or the sequence is an ARCH(1) sequence or the sequence is an iid sequence. Moreover, an empirical likelihood based confidence interval...

In general, risk of an extreme outcome in financial markets can be expressed as a function of the tail copula of a high-dimensional vector after standardizing marginals. Hence it is of importance to model and estimate tail copulas. Even for moderate dimension, nonparametrically estimating a tail...