Recently, the cooling process for electronics components has attracted many researchers and several techniques for improving the cooling efficiency and heat transfer rate have been demonstrated. One of the best efficient techniques is the introduction of a synthetic jet and the modification of...

Recently, the cooling process for electronics components has attracted many researchers and several techniques for improving the cooling efficiency and heat transfer rate have been demonstrated. One of the best efficient techniques is the introduction of a synthetic jet and the modification of...

Since the underlying of the weather derivatives is not a traded asset, these contracts cannot be evaluated by the traditional financial theory. Cao and Wei [2004. Weather derivatives valuation and market price of weather risk. The Journal of Futures Markets 24, no. 11: 1065-89] price them by...

Ratings issued by credit rating agencies (CRAs) play an important role in the global financial environment. Among other issues, past studies have explored the potential for predicting these ratings using a variety of explanatory factors and modeling approaches. This paper describes a...

The volatility of an asset price measures how uncertain we are about future asset price movements. It is one of the factors affecting option price and the only input into the Black–Scholes model that cannot be directly observed. Thus, estimating volatility properly is vital. Two approaches to...

We prove a folk theorem for multiplayer games in continuous time when players observe a public signal distorted by Brownian noise. The proof is based on a rigorous foundation for such continuous-time multiplayer games. We study in detail the relation between behaviour and mixed strategies, and...

Few textbooks in mathematical economics cover optimal timing problems. Those which cover them do it scantly or in a rather clumsy way, making it hard for students to understand and apply the concept of optimal time in new contexts. Discussing the plentiful illustrations of optimal timing...

This paper presents an analysis of the implications it has on standard growth models assume an alternative hypothesis to the exponential growth of the population and how modeling time can alter the dynamic behavior of these models. An extension (in continuous time and discrete time) of the...