In this paper we propose a crash-start technique for interior point methods applicable to multi-stage stochastic programming problems. The main idea is to generate an initial point for the interior point solver by decomposing the barrier problem associated with the deterministic equivalent at...

Multi-homing is used by Internet Service Providers (ISPs) to connect to the Internet via different network providers. This study develops a routing strategy under multi-homing in the case where network providers charge ISPs according to top-percentile pricing (i.e. based on the θth highest...

Abstract To achieve equality and justice is the main objective of China’s judicial reform. However, due to the scarcity of judicial resources in China, the cost of achieving equality and justice must be considered when designing the judicial system. Thus, how to balance equality, justice and...

This paper uses data from a large survey of Chinese firms to investigate whether local government efforts to facilitate market development improve firm efficiency. Both government provision of information about products, markets, and innovation and government assistance in arranging loans are...

This paper examines the determinants of bank failures in the US banking system during the recent financial crisis. The analysis employs a dataset on the financial statements of FDIC-insured commercial banks and their bank holding companies, along with information on bank failures, mergers, and...