The target of this paper is to establish the bid-ask pricing frame work for the American contingent claims against risky assets with G-asset price systems (see \cite{Chen2013b}) on the financial market under Knight uncertainty. First, we prove G-Dooby-Meyer decomposition for G-supermartingale....

Price gap, defined as the logarithmic price difference between the first two occupied price levels on the same side of a limit order book (LOB), is a key determinant of market depth, which is one of the dimensions of liquidity. However, the properties of price gaps have not been thoroughly...

In the PV system with storage batteries, as a maximum power point tracking (MPPT) device is used to enhance battery charging, the enhancement must be greater than the internal loss of the device itself, or there will be no net gain at all. To evaluate the MPPT device benefits under different...

Using adjusted 2000 population census data, this paper conducts China's population projections to 2050. Three fertility and four mortality scenarios yield 12 sets of results. Despite the below-replacement fertility, China's population will continue growing for many years. However, there are...

Metamodel is widely used to deal with analysis and optimization of complex system. Structural optimization related to crashworthiness is of particular importance to automotive industry nowadays, which involves highly nonlinear characteristics with material and structural parameters. This paper...

In this paper, heat transfer and flow in a lean-to passive solar greenhouse has been studied. A mathematical model based on energy equilibrium and a one-dimensional mathematical model for the unsaturated porous medium have been founded and developed to predict the temperature and moisture...

A novel adaptive current controller for DFIG-based wind turbines is introduced in this paper. The attractiveness of the proposed strategy results from its ability to actively estimate and actively compensate for the plant dynamics and external disturbances in real time. Thus, the control...

Purpose – The purpose of this paper is to estimate China's demand for imported soybeans and soybean oil from both country-of-origin and product form perspectives. Design/methodology/approach – A differential production approach is used to estimate China's demand for imported soybeans and...

The intraday pattern, long memory, and multifractal nature of the intertrade durations, which are defined as the waiting times between two consecutive transactions, are investigated based upon the limit order book data and order flows of 23 liquid Chinese stocks listed on the Shenzhen Stock...