Electronics have an increased thermal flow density due to the development of miniaturization and high integration. Effective heat management is a pressing technological issue that must be addressed. Ionic wind cooling technology is gaining popularity as a means of improving local heat...

We establish a stochastic representation for a class of nonlocal parabolic terminal-boundary value problems, whose terminal and boundary conditions depend on the solution in the interior domain; in particular, the solution is represented as the expectation of functionals of a diffusion process...

In this paper, we study the optimal reinsurance policies as the result of a two-person cooperative game, where both parties in the negotiation are risk averse and are trying to maximize their expected utility. We incorporate information asymmetry by assuming that the insurer and the re-insurer...

In empirical corporate finance, firm size is commonly used as an important, fundamental firm characteristic. However, no research comprehensively assesses the sensitivity of empirical results in corporate finance to different measures of firm size. This paper fills this hole by providing...

Several diagonal-based tail dependence indices have been suggested in the literature to quantify tail dependence. They have well-developed statistical inference theories but tend to underestimate tail dependence. For those problems when assessing the maximal strength of dependence is important...

We consider a surgery sequencing and scheduling problem with uncertain surgical durations in the context of an operating theatre. From real data collected from a hospital, we observe the common practice, namely 'to follow', in which surgeries are conducted sequentially and immediately, one after...

We develop an optimal tax timing model that takes into account asymmetric long-term and short-term tax rates for positive capital gains and limited tax deductibility of capital losses. In contrast to the existing literature, this model can help explain why many investors not only defer...