It is an important means in management of improving both the quality and quantity of cultivated land to monitor grade changes in cultivated land quality. How to deploy monitoring network system and its point reasonably and roundly are the key to the technology of monitoring grade changes in...

We propose a unified structural credit risk model incorporating both insolvency and illiquidity risks, in order to investigate how a firm's default probability depends on the liquidity risk associated with its financing structure. We assume the firm finances its risky assets by mainly issuing...

This paper provides risky closeout amount in computing counterparty credit risk. Under this closeout, we obtain a new nonlinear PDE model describing the value of a standard interest swap with counterparty credit risk in the reduced form framework, thus get a new method to calculate counterparty...

Nowadays, manufacturers are increasingly adopting direct channels to increase financial performance and improve services. Location-sensitive mobile channel helps retailers attract nearby incumbent consumers. How such a channel influences supply chain performance is unknown. In this paper, we...

This article analyses optimal decisions under regulation by tradable agricultural production/marketing quotas when production is stochastic. For risk‐neutral and risk‐averse producers the fraction of planned production that is covered by quota is separable from input decisions when yield...

Dependence structures of multiple risks play an important role in optimal allocation problems for insurance, quantitative risk management, and finance. However, in many existing studies on these problems, risks or losses are often assumed to be independent or comonotonic or exchangeable. In this...

This paper presents a quantitative and computational method to determine the optimal tax rate among generating units. To strike a balance between the reduction of carbon emission and the profit of energy sectors, the proposed bilevel optimization model can be regarded as a Stackelberg game...

In this paper, we develop a simple algorithm to determine the required number of generating units of wind-turbine generator and photovoltaic array, and the associated storage capacity for stand-alone hybrid microgrid. The algorithm is based on the observation that the state of charge of battery...