To better understand liquefaction of lignocellulosic biomass, wood and its three cell wall components (lignin, hemicellulose and cellulose) were subjected to a liquefaction process using polyethylene glycol (PEG 400)/glycerol as liquefaction solvent. On the basis of the experimental results...

This paper analyzes weekly closing price data of the S&P 500 stock index and electrical insulation element lifetimes data based on generalized extreme value distribution. A new estimation method, modified maximum spacings (MSP) method, is proposed and obtained by using interior penalty function...

This paper studies the applications of extreme value theory on analysis for closing price data of the Dow-Jones industrial index and Danish fire insurance claims data. The generalized extreme value (GEV) distribution is considered in analyzing the real data, and the hypothesis testing problem...

This paper studies the generalized state density (GDOS) of near-historical extreme events of a set of independent and identically distributed (i.i.d.) random variables. The generalized density of states is proposed which is defined as a probability density function (p.d.f.). For the underlying...

We develop a coupled model of regional migration and lake ecology to study the influence of ecological-economic interactions and relative time scales on transient and asymptotic dynamics. Cross-scale interactions fundamentally change system dynamics by eliminating steady states that are present...

We use an implicit alternating direction numerical procedure to estimate the value of a fixed‐rate mortgage (FRM) with embedded default and prepayment options. The value of FRMs depends on interest rates, the house value, and mortgage maturity. Our numerical results suggest that the joint...

As managers of agricultural and natural resources are confronted with uncertainties in global change impacts, the complexities associated with the interconnected cycling of nitrogen, carbon, and water present daunting management challenges. Existing models provide detailed information on...

Biomass gasification is an important method to obtain renewable hydrogen. However, this technology still stagnates in a laboratory scale because of its high-energy consumption. In order to get maximum hydrogen yield and decrease energy consumption, this study applies a self-heated downdraft...