While the Sharpe ratio is still the dominant measure for ranking risky assets, a substantial effort has been made over the past three decades to find a way to account for non-Normally distributed risks. This paper derives a generalized ranking measure which, under a regularity condition,...

This paper summarizes studies of carbon (C) mitigation potential and costs of about 40 forestry options in seven developing countries. Each study uses the same methodological approach - Comprehensive Mitigation Assessment Process (COMAP) - to estimate the above parameters between 2000 and 2030....

In this study multi-fidelity surrogate modelling for combining data sets of wind tunnel experiments and computations is examined, dealing with different types of errors. Co- kriging regression is constructed with the low-fidelity sample data of the computations and the high-fidelity data of the...

The financial crises of the 1990s triggered many changes to the design of the international financial system. We use the formulation of the new Basle capital accord for banks (B-II) to illustrate that, while much affected, developing countries have had very little influence on this so-called new...

Wind farm micro-siting is to determine the optimal positions of wind turbines within the wind farm, with the target of maximizing total power output or profit. This paper studies the performance of the lazy greedy algorithm on optimization of wind turbine positions above complex terrain. Instead...

Widespread researches and studies on earthquake prediction show that seismo-ionospheric disturbances can be observed over seismic regions before an earthquake. However, it is still hard to detect accurate pre-seismic ionosphere anomaly and use them to predict earthquake. To solve the problem, we...

A particle model for calculating turbine wake flow during the optimization of wind farm micro-siting is presented. This model treats the wake flow as virtual particles generated by the turbine rotor. Based on the pre-calculated flow field of empty wind farm, the motions of the particles are...

The bionic method to optimize the turbine layout of wind farm on complex terrain is developed. By employing the virtual particle model for wake flow simulation, the bionic method runs based on the flow field calculated by numerical simulations of air flow. It simulates the evolution of a turbine...

An optimization approach based on greedy algorithm for optimization of wind farm micro-siting is presented. The key of optimizing wind farm micro-siting is the fast and accurate evaluation of the wake flow interactions of wind turbines. The virtual particle model is employed for wake flow...

The aim of this study is to determine whether dam reoperation (the adjustment of reservoir operating rules) is an effective adaptation strategy to reduce the potential impacts of climate change and regional socio-economic developments. The Xinanjiang-Fuchunjiang reservoir cascade, located in...