This paper addresses a comparative analysis of financial management effectiveness, which evaluates financial performance in the Indonesia’s construction state-owned enterprises (SOEs). State companies were established to make a significant contribution to the growth of national economy and...

This paper reviews the main development of approaches to modelling urban public transit users’ route choice behaviour from 1960s to the present. The approaches reviewed include the early heuristic studies on finding the least cost transit route and all-or-nothing transit assignment, the bus...

This thesis is targeting on proposing a new variable selection method and showing its applications in financial markets. Statistically, this thesis constructs a new adaptive variable selection criterion, proves its same asymptotic rate with mini-max estimator, and shows its effectiveness in...

This dissertation consists of two essays concerning search-theoretic monetary economics. The issues studied here are about search and matching, which requires models with an explicit microfoundation. The meaningful economic intuitions and policy implications we get justify the necessity of this...

In order to reduce the cost of thermal energy recovery, a packed bed closed loop thermal energy storage system has been proposed and is investigated. The main components of the system include a closed air cycle, a heat exchanger, and a packed bed storage column. This paper is aimed at analyzing...

This paper develops a new minimum distance quantile regression (MD-QR) estimator for panel data models with fixed effects. The proposed estimator is efficient in the class of minimum distance estimators. In addition, the MD-QR estimator is computationally fast, especially for large...

This paper uses a New Monetarist framework to study the trade of indivisible goods with divisible money in a frictional market. We first derive conditions under which stationary equilibrium exists, and then show that if equilibrium exits, it is unique. The uniqueness result is due to the...

This paper studies the welfare cost of inflation in a frictional monetary economy with endogenous price dispersion, which is generated by sellers posting prices and buyers costly searching for low prices. We identify three channels through which inflation affects welfare. The interaction of real...

Dynamic load economic dispatch problem (DLED) is important in power systems operation, which is a complicated nonlinear constrained optimization problem. It has nonsmooth and nonconvex characteristics when generator valve-point effects are taken into account. This paper proposes an improved...