In a deterministic project network, all the activity times are fixed values and the path float can be found by computing the difference between the project duration and the path length. This is not possible in its stochastic counterpart, where the path lengths and the project duration change...

This paper is concerned with setting a predetermined number of bid levels in a Dutch auction to maximize the auctioneer's expected revenue. As a departure from the traditional methods used by applied economists and game-theorists, a novel approach is taken in this study to tackle the problem by...

The utilization efficiency of resources is one of the important factors affecting the development of modern agriculture. Using production function method and ratio analysis method, we carry out the horizontal comparison of the utilization efficiency of major agricultural resources such as arable...

This paper presents a study on the utilization of ocean thermal energy in Dalian. Coastal areas are ideal sites for the application of seawater-source heat pump technology (SWHP) to provide district cooling and heating. The technical requirements and the scheme design in the context of marine...

Resource utilization efficiency is one of important factors influencing modern agricultural development. This paper evaluates agricultural resource utilization efficiency of Hebei Province in the Eleventh Five-Year Plan period by dynamic comprehensive evaluation method. Evaluation results...

Due to the widespread application of rolling element bearings, it is necessary to effectively monitor their health status. The shock pulse method (SPM) has been widely used as a quantitative method for bearing condition monitoring. However, the shock value indicating the bearing condition may be...

Through analyzing concept of agriculture and countryside, and overall objective of new socialist countryside construction “developed production, well-off living, civilized village culture, clean village environment, and democratic managementâ€, this paper divides the informationization...

While equity market liberalization has been found to be associated with faster economic growth, such a correlation alone cannot identify the direction of causation. Using instrumental variables (IV) methodology, this paper presents empirical evidence of strong growth effects of equity market...

This paper examines whether equity market liberalization facilitates economic growth at the industry level. It also explores whether equity market liberalization reduces the cost of capital by scrutinizing a particular mechanism: that liberalization reduces the wedge between the costs of...

As first pointed out by Mehra and Prescott (1985), the excess return of equities over the risk-free rate, roughly 6%, is too high to be readily reconciled with a standard intertemporal model. Recently, Bansal and Yaron (2000, 2004) have demonstrated a resolution of the equity premium puzzle when...