In this paper, a parallel double-effect or heat integrated organosilicon monomer distillation scheme is simulatively proposed with the aid of computer simulation to research the effect of heat integration on exergy loss of distillation process. The x–y diagrams of three groups of key...

We investigate the effects of ethnic diversity on economic growth in the People's Republic of China. Based on provincial data from 1982 to 2007, we find a negative relationship between ethnic diversity and economic growth across Chinese provinces supporting existing cross-country studies such as...

Reviewer Assignment Problem (RAP) is an important issue in peer-review of academic writing. This issue directly influences the quality of the publication and as such is the brickwork of scientific authentication. Due to the obvious limitations of manual assignment, automatic approaches for RAP...

High loan-to-value (LTV) mortgage are residential mortgage loans with LTV ratio greater or equal to 90\%. Lenders are increasingly engaged in risk-based pricing. If properly quantified, the additional credit risk taken when originating high LTV mortgage can be compensated by higher interest rate...

Cost effectiveness is central to the air freight forwarders. In this work, we study how an air freight forwarder should plan its cargo loading in order to minimize the total freight cost given a limited number of rented containers. To solve the problem efficiently for practical implementation,...

In the present paper, a five-column heat integrated methanol distillation scheme is proposed with the aid of process simulation and pinch analysis. Unlike the popular four-column (or 3 + 1 column) scheme, a medium-pressure column is added after the light ends column in this novel scheme. The...

Speculation in asset market is modelled as a stochastic betting game played by finite number of players and repeated infinite times. With stochastic asset return and unkown quality of public signal, a generic adaptive learning rule is proposed and the corresponding evolutionary dynamics is...

Focusing on the ‘worst-case scenario', a modelling study was carried out to examine whether a low cost ventilation solution could provide basic comfort in a specific atrium-building design. This study combined dynamic thermal modelling (DTM) and computational fluid dynamics (CFD) in...

We investigate the recent financial crisis with an emphasis on the interlock among housing, mortgage, and credit markets. Following Geanakoplos (Econometric Society Monographs 2:170–205, <CitationRef CitationID="CR5">2003</CitationRef>, <CitationRef CitationID="CR6">2010</CitationRef>), we develop a model in which both prices of the mortgage and its collateral are simultaneously...</citationref></citationref>

Using a simple dividend model, we illustrate and synthesize the sources of stock market mispricing and excess volatility based upon two hypotheses—inflation illusion and heterogeneous beliefs. Our theoretical framework posits that equity mispricing arises when investors have subjective...