Many perishable products and services have multiple capacity attributes. Shipping capacity of container liners, for example, is measured by both volume and weight. Containers with different size consume various capacities in the two dimensions. Restaurant revenue management aims to maximize the...

This paper has a two-fold purpose. First, we attempt to outline the development of the turnpike theorems in the last several decades. Second, we study turnpike theorems in finite-horizon two-person zero-sum Markov games on a general Borel state space. Utilising the Bellman (or Shapley) operator...

Fractional management companies (FMCs) that provide on-demand air travel services experience frequent changes in aircraft availability and flight requests. We propose scheduling heuristics which are both cost-effective and persistent (i.e., close to the original schedule) to address the...

Durable consumption growth is persistent and predicted by the price-dividend ratio. This provides strong and direct evidence for the existence of a highly persistent expected component. Durable consumption growth is left-skewed and exhibits time-varying volatility. I model durable consumption...

Recent work raises questions about the input and output measures typically used to estimate the impact of prenatal care on infant health: self-reported prenatal care may generate biased estimates of the impact of prenatal care on infant health, and birthweight may be a narrow measure of infant...

This paper is concerned with the following Markovian stochastic differential equation of mean-reversion type \[ dR_t= (\theta +\sigma \alpha(R_t, t))R_t dt +\sigma R_t dB_t \] with an initial value $R_0=r_0\in\mathbb{R}$, where $\theta\in\mathbb{R}$ and $\sigma0$ are constants, and the mean...

As a renewable energy technology, the ground-source heat pump (GSHP) technologies have increasingly attracted world-wide attention due to their advantages of energy efficiency and environmental friendliness. This paper presents Chinese research and application on GSHP followed by descriptions of...

Recent work raises questions about the input and output measures typically used to estimate the impact of prenatal care on infant health: self-reported prenatal care may generate biased estimates of the impact of prenatal care on infant health, and birthweight may be a narrow measure of infant...