The German 10‐year Bund futures contract traded on the Eurex futures and options exchange in Frankfurt became the world's most actively traded derivative product by the end of 1999. In this article, we provide a detailed exploration of the interday and intraday return volatility in the Bund...

Using a large cross section of intraday data from 25 developed countries, we study commonality in liquidity, both within and across international equity markets, over 15‐minute intervals. Within‐country and cross‐border liquidity commonalities are found to be significant and, after...

A multi-objective optimization of main heat exchanger in a regenerative Brayton cycle system is carried out based on entransy dissipation. The best trade-off between the entransy dissipation numbers caused by heat transfer and fluid friction is achieved in the Pareto optimal solutions, the...

The viscous dissipation effect on the thermodynamic performance of the curved square microchannels in laminar flow is numerically investigated. The classical Navier–Stokes equations are adopted; aniline and ethylene glycol are selected as the working fluids. The results show that the heat...

Transboundary water treaties are evaluated and compared using Multiple Criteria Decision Analysis (MCDA) in order to identify the most desirable treaty and suggest how existing treaties can be improved. More specifically, a flexible MCDA technique, called the Elimination Method, is employed for...

Assume that a compound Poisson surplus process is invested in a stochastic interest process which is assumed to be a Lévy process. We derive recursive and integral equations for ruin probabilities with such an investment. Lower and upper bounds for the ultimate ruin probability are obtained...