Using the two criteria of potential CO2 reduction and cost of CO2 reduction, technical energy measures in Swedish pulp and paper mills are investigated. Principal CO2-reducing measures analysed are: decreased specific energy utilisation, fuel switch, and CO2 capture and sequestration. Among the...

In this paper, we establish a new limit theorem for partial sums of random variables. As corollaries, we generalize the extended Borel-Cantelli lemma, and obtain some strong laws of large numbers for Markov chains as well as a generalized strong ergodic theorem for irreducible and positive...

In this paper, we introduce a numeraire-free and original probability based framework for financial markets. We reformulate or characterize fair markets, the optional decomposition theorem, superhedging, attainable claims and complete markets in terms of martingale deflators, present a recent...

The expressions of solutions for general nxm matrix-valued inhomogeneous linear stochastic differential equations are derived. This generalizes a result of Jaschke [Jaschke, S., 2003. A note on the inhomogeneous linear stochastic differential equation. Insurance: Mathematics and Finance 32,...