In this paper we analyze a single-period inventory model where a risk-averse newsvendor makes a joint decision on ordering, pricing and marketing under the CVaR risk measure criterion. The newsvendor can exert marketing effort to enhance market demand. We assume that the newsvendor׳s marketing...

Let Z = {Z(t), t ≥ 0} be a semimartingale reflecting Brownian motion that lives in the three-dimensional non-negative orthant. A 2002 paper by El Kharroubi, Ben Tahar and Yaacoubi gave sufficient conditions for positive recurrence of Z. Recently Bramson, Dai and Harrison have shown that...

Let Z = {Z(t), t ≥ 0} be a semimartingale reflecting Brownian motion that lives in the three-dimensional non-negative orthant. A <CitationRef CitationID="CR7">2002</CitationRef> paper by El Kharroubi, Ben Tahar and Yaacoubi gave sufficient conditions for positive recurrence of Z. Recently Bramson, Dai and Harrison have shown that...</citationref>

In both nonparametric density estimation and regression, the so-called boundary effects, i.e. the bias and variance increase due to one sided data information, can be quite serious. For estimation performed on transformed variables this problem can easily get boosted and may distort...

Urban population potential is a good measure of urban spatial interactions. However, previous studies often assigned population data to the administrative point of the government or the centroid of the region, such as the county, ward or village. In these cases, two problems exist: (1) the zone...

This paper examines the impact of political connections on corporate mergers and acquisitions (M&As) behavior using data from companies listed in Chinese equity markets during the period 1998 to 2010. Our empirical results indicate that firms with political connections have a greater probability...

This paper develops a prototype of an integrated microsimulation model system combining land use at a parcel level with activity-based travel in San Francisco, California. The paper describes the motivation for the model system, its design, data development, and preliminary application and...

The rapid development of emerging markets is changing the landscape of the world economy and may have profound implications for international relations. China is often regarded as the most influential emerging market economy because, during the last three decades, it has become increasingly...

This paper tests the volatility spillovers between the Shanghai market and the main developed stock markets abroad, namely New York, Tokyo, London, and Frankfurt, as well as between the Shanghai market and the emerging stock markets, namely Hong Kong, and Korea. The tests cover the period of 11...

The lamination-plate structure patterned with microchannels and triangle manifolds regarded as one of the preferred constructions for micro fuel reformers. Learned from the microchannel plate structure, a similar plate structure with cube-post array and triangle manifolds is proposed in this...