Literature illustrates the difficulties in obtaining the lowest-cost optimal solution to an ore blending problem for blast furnaces by using the traditional trial-and-error method in iron and steel enterprises. To solve this problem, we developed a cost optimization model which we have...

It is well understood that "good institutions" are essential for good governance. But even institutions that follow similar designs vary significantly with regard to performance across countries and even across regions within the same country. Following China's abolishment of the Commune system...

This paper investigates the market microstructure of the Shanghai and Shenzhen Stock Exchanges. The two major Chinese stock markets are pure order-driven trading mechanisms without market makers, and we analyze empirically both limit order books. We begin our empirical modeling using the vector...

The stability of grain prices relates closely to the development of China’s economy, social stability and quality of Chinese people’s life. However, with the gradual openness of China’s grain market and series of newly-issued China’s grain policies, the volatility characteristics of...

Oils with high content of free fatty acid (FFA) can be treated by acid esterification where an alcohol reacts with the given oil in the presence of acid catalyst. The investigated parameters include methanol to oil ratio, temperature and amount of catalyst. The optimum conditions for acid...

Purpose – Investigating the characteristics of the transformation of China's agricultural growth and the institutional reforms during the whole transition period in the 1980s will help to understand China's economic and agricultural reform and offer some successful experiences to other...

As the base price, grain prices have played considerably important role in China’s macro-economy and social price level. In this study we investigate the fluctuation characteristics of some main crops of China’s grain during the past two decades by using Structural Break Regime Switching...

Gongbo Nature Reserve, located in Nyingchi of Tibet, is by far the largest construction project of forest reserves that China approves and invests in. This article adopts the shadow project method, and estimates the water conservation function of forest ecosystem of Gongbo Nature Reserve based...