We designed a platform with a betting mechanism for eliciting costly, dispersed information of different quality. Our objective is to elicit both dispersed information and the precision of the information so as to efficiently weight dispersed information to produce reliable forecasts. After...

We set up a game-theoretic model for a market where the presale method (to sell a property before its completion) can be used together with construction loans and mortgages as a developer's financing tools for project developments. This model captures the interactions and dynamics among four...

In this paper, the structure and control tasks are briefly summarized for ORC (Organic Rankine Cycle) based WHECSs (waste heat energy conversion systems). A control-oriented physical model is established for WHECSs. The energy conversion efficiency of ORC systems is investigated. A constrained...

The electricity to thermal energy output ratio is an important impact factor for the operating modes and performances of combined cooling, heating and power (CCHP) systems. If the energy requirements of users are managed to just match this ration, the system efficiency would reach the maximum....

The combined cooling, heating and power (CCHP) system – a typical representative of the decentralized energy system – has been increasingly attracting attention in academia and industries in recent years, thanks to its distinctive advantages of high system and economic efficiency, and less...

Microbial fuel cell (MFC) is a device that transforms chemical energy in wastewater into electricity, and its performance is influenced by multi-variables. Mathematic modeling approach could be a useful alternative to design and optimize such a complex system for power generation and wastewater...

The “China concepts stock” in the U.S. has attracted a great deal of attention among international investors due to the fast growth in Chinese economy. This paper examines the aftermarket performance and the motivations to list in the U.S. for Chinese firms over 1993–2010 by considering...

This study examines the life cycle economics, environment impacts, and energy consumptions of Chinese automobiles fueled by bio-ethanol blends, utilizing life cycle assessment (LCA) techniques, and puts forward C, Env, En, EEE indicators to assess the economics, combined environmental impacts,...

We designed a platform with a betting mechanism for eliciting costly, dispersed information of different quality. Our objective is to elicit both dispersed information and the precision of the information so as to efficiently weight dispersed information to produce reliable forecasts. After...

Here we develop an option pricing method for European options based on the Fourier-cosine series, and call it the COS method. The key insight is in the close relation of the characteristic function with the series coefficients of the Fourier-cosine expansion of the density function. In most...