The Livestock Mandatory Reporting Act (MPR) of 1999 was implemented in April 2001. Empirical evidence indicates a significant change in intra-week price dispersion associated with publicly reported fed cattle grid premiums and discounts occurring after MPR implementation. The research objective...

Conditional Value-at-Risk (CVaR) measures the expected loss amount beyond VaR. It has vast advantage over VaR because of its property of coherence. This paper gives an analytical solution in a complete market setting to the risk reward problem faced by a portfolio manager whose portfolio needs...

Value-at-Risk (VaR) and Conditional Value-at-Risk (CVaR) are popular risk measures from academic, industrial and regulatory perspectives. The problem of minimizing CVaR is theoretically known to be of Neyman-Pearson type binary solution. We add a constraint on expected return to investigate the...

A multi-dimensional computational fluid dynamics (CFD) modeling was conducted on a direct injection turbo-charged diesel engine based on KIVA-4 code under full and mid engine loads. Multi-component fuel evaporation model of KIVA-4 was used and coupled with advanced combustion chemistry to...

This paper aims to examine the impacts of sectoral price control policies on oil price pass-through into China's aggregate price level. To that end, we develop a partial transmission input–output model that captures the uniqueness of the Chinese market. We hypothesize and simulate price...

This study aims to investigate the barriers which impede the promotion of Energy Efficient Building (EEB), and to propose solutions to alleviate these barriers by capturing the benefits from Clean Development Mechanism (CDM), in the context of China. Through comprehensive literature review,...

We propose a betting strategy based on Bayesian logistic regression modeling for the probability forecasting game in the framework of game-theoretic probability by Shafer and Vovk (2001). We prove some results concerning the strong law of large numbers in the probability forecasting game with...

Young women outnumber young men in cities in many countries during periods of economic growth and urbanization. This gender imbalance among young urbanites is more pronounced in larger cities. We use the gradual rollout of special economic zones across China as a quasi-experiment to establish...

This paper examines two factors that help to explain geographic variation in health outcomes. The first factor concerns proximity to medical services. The second factor is state-specific health care policy that may impede access to nearby medical services. Four key findings are obtained. First,...

One of the central issues in epidemiology is the study of the distribution of disease. And time delay widely exists in the process of disease spread. Thus, in this paper, we presented an epidemic model with spatial diffusion and time delay. By mathematical analysis, we find two different types...