This work is an extension of the incomplete probability theory from the simple case of monofractals previously studied to the more general case of multifractals that can occur in the phase space without equiprobable partition.

Interest in renewable energy in Iran has increased continually over the past decade. Iran has an excellent hydro power energy resource and the use of this resource will assist in the development of a sustainable energy future. Iran – with its many narrow channels and significant tidal range...

We study a continuous-time principal-agent model in which a risk-neutral agent with limited liability must exert unobservable effort to reduce the likelihood of large but relatively infrequent losses. Firm size can be decreased at no cost or increased subject to adjustment costs. In the optimal...