The linkage of neighborhood multi-energy microgrids (MEMGs) may overcome the disadvantage of one single microgrid (MG) since surplus/deficient energy can meet balance internally and realize self-satisfaction. In order to realize successful cooperation of such a complicated energy system, optimal...

With rapid urbanization and the declining marine fishery, a large number of Chinese coastal fishing villages have transformed into new fishing villages with new industrial structures. Attempting to reveal the process and mechanism of fishing villages’ revitalization driven by industrial...

Rapid urbanization has brought a range of urban environmental problems that reduce human thermal comfort and health. Urban parks are considered to improve outdoor thermal comfort and promote public health. However, there has been rare research focused on human physiological thermal responses in...

In this paper, we generalize the classic therapeutic decision-making model, developed by Pauker and Kassirer, from the expected utility(EU) to the rank-dependent utility (RDU) framework. In contrast with EU, the RDU can incorporate a physician's optimistic and pessimistic biases into...

The newsvendor model is a building block for inventory management under stochastic situation. This paper examines the effects of an additive and a multiplicative background risk separately on the optimal order quantity of a risk-averse newsvendor with Mean-Variance utility. We derive several...

Bellini et al. (2018) propose a robust version of Orlicz premium (OP) when there is an ambiguity in the subjective probability distribution of the underlying uncertainty or a multiplicity of Young function. Inspired by the work, we take a step further in this paper to consider the case where the...

The financial instability stemming from large volumes of simultaneous selling in the corporate bond market has been a topic of concern in recent years. Investors in this market care primarily about the downside risk of a firm given their concave payoff function, and this is precisely the...