If there is asymmetry among the bidders taking part in a first price auction, the equilibrium is not expost efficient. We consider a simple model of first price auction among two bidders where resale always occurs in case of inefficiency. We obtain mathematical formulas for the equilibrium...

The present study aims to investigate the comparative corrosion of light-weight metals such as aluminum and magnesium in palm biodiesel. Immersion test at room temperature was carried out for each metal for 1440 h. Sample characterization techniques employed include weight loss measurement, SEM...

In hydrogen-related energy technologies, materials selection is critical as hydrogen tends to decrease the mechanical stability of the metallic alloys. Amorphous alloys are known to exhibit high hydrogen solubility and significant embrittlement resistance. The current work is focussed towards...

Several factors, including economical, environmental, and social factors, are involved in selection of the best fuel-based vehicles for road transportation. This leads to a multi-criteria selection problem for multi-alternatives. In this study, a multi-criteria assessment model was developed to...

The increased requirement of hydrogen in the refinery is fulfilled by proper distribution of available hydrogen in the refinery, using additional hydrogen production system and by importing. Amongst these options first one is cost effective as no addition source is required. Thus, the present...