This report studies how flows in large scale transportation networks can be subjected to rapid estimation. It describes an efficient transportation network analysis (TNA) procedure that provides the system-wide changes of network flows under numerous scenario earthquakes. The first objective of...

It's commonly believed that managers with higher ability would be less likely to be taken over. We set out a model, which is built on Zwiebel (1996), to show that there is no monotonic relationship between manager's ability and the probability of being taken over. A manager with relatively high...

We apply numerical dynamic programming to multi-asset dynamic portfolio optimization problems with proportional transaction costs. Examples include problems with one safe asset plus two to six risky stocks, and seven to 360 trading periods in a finite horizon problem. These examples show that it...

Using a detailed stockholding for a comprehensive sample of Chinese open-end equity mutual funds from 2004 to the first half of 2010, we investigated the effect of economy of scale and liquidity on the relationship between fund size and performance. We find that an inverted U-shape relationship...

Solar thermal power is a promising and ever-growing source of carbon-free electricity. To date, analysis and design tools for solar thermal power generation with parabolic troughs are mathematically complex. We have developed a model of a solar parabolic trough, which advances the simulation of...

The distributed energy resources (DER) comprise several technologies, such as diesel engines, micro turbines, fuel cells, photovoltaic, small wind turbines, etc. The coordinated operation and control of DER together with controllable loads and storage devices, such as flywheels, energy...