We consider the optimal integrated capacity and financial hedging strategies for a downside risk-averse global firm that faces multiple demand and foreign exchange rate risks. The firm maximizes the expected profit while controlling its profit-risk through a Value-at-Risk (VaR) constraint, which...

The integration of renewable energy into existing energy infrastructure plays a significant role for promoting sustainable development, but it lacks the certain facets of comprehensive feasibility analysis regarding technical, economic, and environmental aspects. This study focuses on...

Recent decades have witnessed the thriving of platform economics. More small-and-medium-sized enterprises (SMEs) are selling products via these E-platforms, e.g., Amazon and Alibaba. These SMEs are usually short of funds and the E-platforms can step up to offer financing services due to...

Fluoride and silica contamination in water is a worldwide issue due to the wastewater discharge from semiconductor industry. Coagulation-ultrafiltration (UF) process is commonly used to treat semiconductor wastewater, but requires excessive amounts of coagulant/flocculant. In this study, an...

High voltage operation is effective to improve salt adsorption capacity (SAC) of capacitive deionization (CDI), while this will cause performance loss during long-term operation. Herein, to address this issue, we report a simple approach to prepare novel membrane coating electrode (MCE) that...

We study how to manage commodity risks (price and volume) via procurement and financial hedging for a value-at-risk (VaR) risk-averse newsvendor. Facing stochastic procurement cost from the commodity market, the firm decides on its financial hedging strategy contingent on the procurement cost...