A study has been made of the economic feasibility of producing fuel grade methanol from wood via catalytic gasification with steam. The plant design in this study was developed from information on gasifier operation supplied by the Pacific Northwest Laboratory (PNL), operated by Battelle. PNL...

The paper attempts to provide an integrated framework for the objective assessment of the transient handling responses of non-linear vehicles. The ultimate aim of the proposed framework is the characterization of such responses as neutral or under/over-steering. A new methodology is employed,...

Why is the economy “complex”? For all the recent advances in the management sciences, businesses today face markets full of unexpected events, from cascading failures of lending institutions to speculative investment and the explosive growth of tech firms. In this talk, I argue that the...

Traditional models of financial asset yields are based on a number of simplifying assumptions. Among these are the primary assumptions that changes in asset yields are independent, and that the distribution of these yields is approximately normal. The development of financial asset pricing...

A review of the literature indicates that a universally enhancing relationship between market orientation and performance is not conclusively supported. Recent research suggests that the relationship between marketing investments and profit may be inverted U-shaped such that there is an optimal...

In modeling expectation formation, economic agents are usually viewed as forming expectations adaptively or in accordance with some rationality postulate. We offer an alternative nonlinear model where agents exchange their opinions and information with each other. Such a model yields multiple...