High smoothness and high stability are two most important characteristics in High-speed railway, which determine the significance and importance of settlement and deformation monitoring of underline engineering. The settlement observational data is complex and massive, only by reasonable and...

In this paper, we consider a scheduling problem with position-based deteriorating jobs and past-sequence-dependent delivery times on a single machine or parallel machines. Each job's delivery time is dependent on its waiting time for processing. Because of the deteriorating effect, each machine...

Forests have economic, ecological, social and cultural functions. Forests Cultural ecology, the counterpart of forest ecology， is the integration of human spirit formed on the basis of natural forest and living systems. In recent years, China's urbanization rate has increased from 28% in...

Forestry development in Germany and China does not seem to be comparable due to differences in nature, politics, economy, society, culture and demographic situation, but the comparative study on these still has great important theoretical and practical significance. Taking into account the...

We use a comprehensive database of sovereign credit ratings (SCRs) from Moody’s, Standard and Poor’s and Fitch for a cross-section of 120 countries from 1986--2009. Using panel data, we find that GDP per capita, the GDP growth rate and the degree of industrialization positively affect...

In a recent paper [Mor, B., Mosheiov, G., 2012. Scheduling a maintenance activity and due-window assignment based on common flow allowance. International Journal of Production Economics 135, 222–230], a scheduling problem with job-dependent due-window based on common flow allowance is studied...

We generalize existing structural credit risk models that account for contagion effects across economic sectors, to capture the impact of neglected skewness and excess kurtosis in the asset return process, on the shape of the credit loss distribution. We specify Skew-Normal and Skew-Student t...

This paper shows that institutional sell-side herding increased bid–ask spreads and liquidity risk during the 2007–8 financial crisis. Such an impact on liquidity is most pronounced in firms with large numbers of institutions that sold the same stocks, that is, have correlated trades. For...

This paper presents a dynamic portfolio credit model following the regulatory framework, using macroeconomic and latent risk factors to predict the aggregate loan portfolio loss in a banking system. The latent risk factors have three levels: global across the entire banking system,...

We derive closed form European option pricing formulae under the general equilibrium framework for underlying assets that have an <InlineEquation ID="IEq1"> <EquationSource Format="TEX">$$N$$</EquationSource> <EquationSource Format="MATHML"> <math xmlns:xlink="http://www.w3.org/1999/xlink"> <mi>N</mi> </math> </EquationSource> </InlineEquation>-mixture of transformed normal distributions. The component distributions need not belong to the same class but must all be transformed normal. An...</equationsource></equationsource></inlineequation>