In traditional thinking, an arbitrageur will trade immediately once an arbitrage opportunity appears. Is this the best strategy for the arbitrageur or it is even better to wait for the best time to trade so as to achieve the maximum profit? To answer this question, this paper studies the optimal...

We developed a price-based resource allocation scheme for Differentiated Service (DiffServ) data networks. The DiffServ framework was proposed to provide multiple QoS classes over IP networks. Since the provider supports multiple service classes, we need a differentiated pricing scheme, as...

Cotton has been at the centre of international trade from the beginning of the industrial revolution and has played a fundamental role in the development of many countries. This is because cotton is the raw material for textiles which are a fundamental human need. Cotton also serves as a means...