Since sailing along the Northern Sea Route (NSR) through the Arctic Ocean comes into reality, commercial shipping developments including opening new liner services along this route have been put on the agenda. However, uncertainties within weather and ocean conditions in this region, especially...

This paper adopts the tail-event driven network (TENET) framework to explore the connectedness and systemic risk of the banking industry along the Belt and Road (B&R) based on weekly returns of 377 publicly-listed banks from 2014 to 2019. We conduct the connectedness analysis from four levels...

In supply chain transactions, members care how profit is distributed as well as their own payoff. A retailer prefers fairness when he earns less than his supplier. While existing research focuses on fairness in the vertical competition between an upstream supplier and a downstream retailer, this...

This paper addresses a new electricity-charging station location problem for congested intercity or regional networks, in which electric vehicles with a limited driving range require recharges for their long-distance trips. When the distribution of charging stations does not sufficiently cover...

In a traffic assignment problem with elastic demand, the equilibrium conditions are achieved on two levels, namely, the stochastic user equilibrium on the path level and the supply-demand equilibrium on the origin-destination level. By recognizing that both equilibrium levels imply random...

We study the speed of convergence to market efficiency by examining the short-term return predictability using the high-frequency data of Chinese stocks. The empirical results reveal that it takes more than 30 minutes but less than 60 minutes for these stocks to accommodate the price pressures...

We study the classical multi-stage stochastic decision problem, wherein the exact distribution of uncertainty is unknown. We first employ an ambiguity set to characterize the potential distributions and model the problem within the conventional framework of distributionally robust optimization....

In many urban areas and urban-rural regions, the price of electricity is not only subject to time-of-use tariffs, but also dependent on the its usage purpose or service sector, significantly varying across different geographic locations or land uses. Such a spatial price difference greatly...

As a traditional way for transporting containerized cargoes, international liner shipping has long played a dominant role in the China-Europe freight transportation market. In recent years, China Railway Express has offered a new and competitive freight transportation option, contributing to a...