The worldwide population increase and subsequent surge in energy demand leads electricity producers to increase supply in an attempt to generate larger profit margins. However, with Global Climate Change becoming a greater focus in engineering, it is critical for energy to be converted in as...

The development of a new parallel mechanism based on simulation driven design is a rapid approach to discover the unique features or advantages of a conceptual model. In this research, one novel parallel mechanism which can generate three degrees-of-freedom translations is proposed. The...

We analyze several proposals to restrict CEO compensation and calibrate two models of executive compensation that describe how firms would react to different types of restrictions. We find that many restrictions would have unintended consequences. Restrictions on total realized (ex-post) payouts...

We consider a nonlinear nonseparable functional approximation to the value function of a dynamic programming formulation for the network revenue management (RM) problem with customer choice. We propose a simultaneous dynamic programming approach to solve the resulting problem, which is a...

The discarded fruit and vegetable waste from the consumer and retailer sectors provide a reliable source for ethanol production. In this paper, an ethanol distillation system has been developed to remove the water contents from the original wash that contains only around 15% of the ethanol. The...

We consider dynamic pricing competition between two firms offering vertically differentiated products to strategic customers who are intertemporal utility maximizers. We show that price skimming arises as the unique pure-strategy Markov perfect equilibrium in the game under a simple condition....

Northeast China as an important agricultural zone for commercial and economic crop in China suffered from increased drought risk that seriously threatened agricultural production and food security in recent decades. Based on precipitation datasets from 71 stations from 1960 to 2009 and on the...

We find evidence consistent with the view that $1 CEO salaries are a ruse hiding the rentseeking pursuits of CEOs adopting these pay schemes. CEOs with these arrangements, despite the drastic cuts in salary, have total compensation that is similar to that at other firms, making up lost salary...

Two sets of empirical models for debris flow hazard assessment on gully-specific scale are presented herein, which may be the first step toward developing a formalized procedure for debris flow hazard assessment. Emphasis is put on comparison of the two models between Multiple Factor Composite...

A growing segment of the revenue management and pricing literature assumes "strategic" customers who are forward-looking in their pursuit of utility. Recognizing that such behavior may not be directly observable by a seller, we examine the implications of seller uncertainty over strategic...