We focus on two particular aspects of model risk: the inability of a chosen model to fit observed market prices at a given point in time (calibration error) and the model risk due to the recalibration of model parameters (in contradiction to the model assumptions). In this context, we use...

Background: Planning for a possible influenza pandemic is an extremely high priority, as social and economic effects of an unmitigated pandemic would be devastating. Mathematical models can be used to explore different scenarios and provide insight into potential costs, benefits, and...

The high temperature deformation behavior of a X30CrMoN15-1 high-nitrogen stainless steel (HNSS) has been investigated using uniaxial compression test in the temperature range of 850–1250 °C and strain rate of 0.001–10 [[EQUATION]] . An Arrhenius-based hyperbolic sine equation was used to...

Utilizing the 3,567 A-share listed companies, this paper evaluates whether the Sino-US trade friction identified by the 301 tariff list impacts the Chinese stock market. We find that the 301 tariff list has a negative impact on the stock price in Chinese financial market by applying the...

In China's steel industry, hot issues such as "merger and reorganization" and "zombie firms" are closely tied to firm exit. This paper studies the selection mechanism of steel firms from a perspective of advanced technology adoption. Intelligent manufacturing, as an advanced technology with...

The mechanical properties of methane hydrate are important to the stability of borehole and methane extraction from a methane hydrate reservoir. In this study, a series of triaxial compression tests were carried out on laboratory-formed methane hydrate-ice mixtures with various methane hydrate...

This paper studies a model of telecommunication network installation by companies in the Broadband-access business, specialized to the fixed-wire case. Under stochastic demand (modeled using scenarios), we maximize expected demand coverage subject to a budget constraint on hub installation, and...

Alternative data is transforming the investment management process for financial industry, hedge funds, mutual funds, foundations, and pension funds. This paper describes the use of alternative data on the field of finance, particularly illustrating the complex forces driving the stock markets...