In present study, we investigated jet fuel production process, including the crude oil-based conventional process, unconventional oil sources-based process, Fischer–Tropsch synthesis (F–T) process and renewable jet fuel process and analyzed the details of each jet fuel production process....

A small-scale pilot project was built for the pavement-solar energy utilization in this paper. An automatic data acquisition system was designed to measure the effectiveness of the pavement solar energy system based on the operation data of 24h a day in both summer and winter. Through 69days...

Hydrothermal liquefaction (HTL) of barley straw with K2CO3 at different temperatures (280–400°C) was conducted and compared to optimize its process conditions; the aqueous phase as a co-product from this process was recycled to explore the feasibility of implementing wastewater reuse for...

Micro-algae have been recognized as a promising feedstock for biofuel production. Effective combining microalgae cultivation with wastewater treatment can reduce CO2 emissions and the cost of microalgae biofuel production, making it more feasible. However, the biomass and lipid productivity must...

Barley straw was successfully converted to bio-crude by hydrothermal liquefaction at temperature of 280–400 °C using an alkali catalyst (K2CO3) in our previous work, and the maximum bio-crude yield was obtained at 300 °C. This paper extends previous work on studying liquefaction behavior...

We study rhetorical impression management in the letter to shareholders using linguistic style properties of text and investigate whether the company’s institutional environment affects the rhetorical style of the CEO in the shareholder letter. The effect of the institutional environment is...

In a 1997 paper, Hansen and Jagannathan develop two pricing error measures for asset pricing models. The first measure is the maximum pricing error on given test assets, and the second measure is the maximum pricing error over all possible contingent claims. We develop a simulation-based...

Most empirical studies of the static CAPM assume that betas remain constant over time and that the return on the value-weighted portfolio of all stocks is a proxy for the return on aggregate wealth. The general consensus is that the static CAPM is unable to explain satisfactorily the...

Financial institutions around the world expected the millennium date change (Y2K) to cause an aggregate liquidity shortage. Responding to concerns about this liquidity shortage, the Federal Reserve Bank of New York auctioned Y2K options to primary dealers. The options gave the dealers the right...

This paper examines the effects of the Federal Reserve's Term Auction Facility (TAF) on the London Inter-Bank Offered Rate (LIBOR). The particular question investigated is whether the announcements and operations of the TAF are associated with downward shifts of the LIBOR; such an association...