This paper proposes a method for solving stochastic multiple criteria decision making (MCDM) problems, where evaluations of alternatives on considered criteria are random variables with known probability density functions or probability mass functions. Probabilities on all possible results of...

With global climate change, the extreme flood disasters which are characterized with low frequency but huge economic losses occur more frequently. The management of the extreme flood disasters mainly depends on the administrative means of the governments at all levels in China. When the extreme...

We estimate the labor market consequences of corporate diversification using worker-firm matched data from the U.S. Census Bureau. We find evidence that workers in diversified firms have greater cross-industry mobility. Displaced workers experience significantly smaller losses when they move to...

We propose serial correlation robust asymptotic confidence bands for the receiver operating characteristic (ROC) curves estimated by quasi-maximum likelihood in the binormal model. Our simulation experiments confirm that this new method performs fairly well in finite samples. The conventional...

Cross-sectional analysis is problematic when examining the determinants of migration as well as its impacts. Panel data may potentially solve the problem by tracking households over different time periods. Using panel data from household surveys in six provinces in rural China over 1986 to 1999,...

We examine how managerial incentives affect acquisition decisions in the banking industry. We find that higher pay-for-performance sensitivity (PPS) leads to value-enhancing acquisitions. Banks whose CEOs have higher PPS have significantly better abnormal stock returns around the time of the...

Correlation between clearness index and sunshine duration is useful to the estimation of the solar radiation for areas where measured solar radiation data are not available. Regression techniques were used to investigate the correlations between daily global solar radiation and sunshine duration...

This short technical note presents an attempt to develop a new climatic variable Z for assessing climate change (global warming) with respect to the built environment. Principal component analysis of long-term (30-year) dry-bulb temperature (DBT), wet-bulb temperature and global solar radiation...

Principal component analysis of 30-year long-term meteorological variables was conducted. Typical principal component years (TPCYs) were determined for Harbin, Beijing, Shanghai, Kunming and Hong Kong representing the five major architectural climates across China: severe cold, cold, hot summer...

Buildings account for a significant proportion of the total energy and carbon emissions worldwide, and play an important role in formulating sustainable development strategies. There is a growing interest in ZEBs (zero energy buildings) in recent years. Several countries have adopted or...