Let [zeta]t, t[greater-or-equal, slanted]0, be a process taking nonnegative values, Tr=inf{t0;[zeta]tr}, r0, and [psi] a nondecreasing function. An interesting question is: Is it possible to bound E[psi](Tr) above and below by expectations of functions of [zeta]t? We answer this question and give...

This paper uses a real options approach (ROA) for analysing the effects of government climate policy uncertainty on private investors' decision-making in the power sector. It presents an analysis undertaken by the International Energy Agency (IEA) that implements ROA within a dynamic programming...

Compressed air systems in a Vietnamese footwear manufacturing enterprise consume about 10% of enterprise's total electric power supply. Energy efficiency of these air compressor systems, either equipped with new and efficient compressors or old and inefficient ones, can only reach between 5% and...

The Chinese government has made many energy policies on coal, and coalmine methane (CMM) use. However, not all of these policies have effects or positive impacts. For example, it has been quite a few years since the national government made policies to encourage coalmine methane power to be sold...

In this paper, we first propose a general entanglement distillation protocol for three-particle W class states, which can concentrate the W′ state (non-maximally entangled W state). The general protocol is mainly based on the unitary transformations on the auxiliary particles and the entangled...

We study multi-agent security design in the presence of coordination frictions. A principal intends to develop a project whose value increases with an unknown state and the level of agents’ participation. To motivate the participation of ex-ante homogeneous agents, the principal offers them...