Purpose: The purpose of this paper is to introduce an augmented high-order capital asset pricing model (AH-CAPM) as a new risk-based model to price stocks. Design/methodology/approach: The AH-CAPM is defined as a linear model with high-order marginal moments and co-moments from the joint...

In this paper we investigate the effects of informed trading (PIN) and information uncertainty in determining price momentum. We find that trading strategies based on buying high-uncertainty good-news stocks and shorting high-uncertainty bad-news stocks work well when limited to high-PIN stocks,...

This paper presents a new method to automate robot motion planning in automotive manufacturing environments. A general framework is developed for CAD‐guided robot motion planning. The problem is formulated as a constraint‐satisfying problem of tool configurations or, robot hand poses. Two...

Automatic trajectory generation for spray painting is highly desirable for today’s automotive manufacturing. Generating paint gun trajectories for free‐form surfaces to satisfy paint thickness requirements is still highly challenging due to the complex geometry of free‐form surfaces. In...

Automated chopper gun trajectory planning (CGTP) for spray forming is highly desirable for today's automotive manufacturing. Generating chopper gun trajectories for free‐form surfaces to satisfy material distribution requirements is still highly challenging due to the complexity of the...