Showing 1 - 10 of 11
We study finite horizon consumption and portfolio decisions of time-inconsistent individuals by incorporating the stochastic hyperbolic preferences of Harris and Laibson (2013) into the classical model of Merton (1969, 1971) with constant relative risk aversion (CRRA). We obtain closed-form...
Persistent link: https://www.econbiz.de/10010785379
This paper studies China’s stock market with respect to financial liberalization and international market interdependence after its accession to the WTO in 2001. Using the multi-factor R-squared measure, we derive a normalized index to measure the impact of financial liberalization policies on...
Persistent link: https://www.econbiz.de/10011189490
In this study, we first build two empirical cross-correlation matrices in the US stock market by two different methods, namely the Pearson’s correlation coefficient and the detrended cross-correlation coefficient (DCCA coefficient). Then, combining the two matrices with the method of random...
Persistent link: https://www.econbiz.de/10011063635
In this paper, based on the detrended fluctuation analysis (DFA) method and the detrended cross-correlation analysis (DCCA) method, we propose an improved method of minimum-variance (MV) hedge ratio, i.e., the detrended minimum-variance (D-MV) hedge ratio, which can measure the hedge ratio at...
Persistent link: https://www.econbiz.de/10010931558
This paper presents AVE and CPFR concepts and their characteristics, establishes and analyzes the AVE-based CPFR working flow, and illustrates the content of the grid resource management and the mission in relation to the corresponding grid resource management system. It focuses on the working...
Persistent link: https://www.econbiz.de/10008487357
This paper proposes that sales and demands information are equally important in the supply chain. It discusses the role of factors in chorological forecasting and puts forth the supply chain collaborative forecasting methods based on factors and presents the relevant empirical studies. In the...
Persistent link: https://www.econbiz.de/10008861711
This paper proposes a new hierarchical economic information filtering model for vendor selection, consisting of three phases in which leading enterprises select their vendors, namely, the phase of collecting and releasing information, the phase of selecting vendors and the phase of dynamic...
Persistent link: https://www.econbiz.de/10010669580
Different sleep stages are associated with distinct dynamical patterns in EEG signals. In this article, we explored the relationship between the sleep architecture and fractal dimension (FD) of sleep EEG. In particular, we applied the FD analysis to the sleep EEG of patients with obstructive...
Persistent link: https://www.econbiz.de/10010872606
The long-term thermal storage by absorption process studied in this paper is devoted to building heating. A demonstrative prototype that can store 8 kWh of heat and produce a heating power of 1 kW has been designed and built. It has been tested in static and dynamic operating conditions, which...
Persistent link: https://www.econbiz.de/10011053228
In this paper, a review of the research state of art of the solar sorption (absorption and adsorption) refrigeration technologies is presented. After an introduction of basic principles, the development history and recent progress in solar sorption refrigeration technologies are reported. The...
Persistent link: https://www.econbiz.de/10008920437