In this paper the performance of different information criteria for simultaneous model class and lag order selection is evaluated using simulation studies. We focus on the ability of the criteria to distinguish linear and nonlinear models. In the simulation studies, we consider three different...

Amine-functionalized sorbents prepared by wet impregnation method shows great promises for CO2 capture from real flue gas in power plants. The objective of this work is to understand CO2 adsorption thermodynamics and mechanisms at varied polyethylenimine (PEI) loadings on mesoporous MCM-41 by...

Purpose – The purpose of this paper is to propose a risk-based framework to estimate the option value of infrastructure investment, accounting for the stochastic behavior of both financial and physical (engineering) variables. Design/methodology/approach – This study uses a real-options...

We propose a numerical method, based on indirect inference, for checking the identification of a DSGE model. Monte Carlo samples are generated from the model's true structural parameters and a VAR approximation to the reduced form estimated for each sample. We then search for a different set of...

Randomisation tests (R-tests) are regularly proposed as an alternative method of hypothesis testing when assumptions of classical statistical methods are violated in data analysis. In this paper, the robustness in terms of the type-I-error and the power of the R-test were evaluated and compared...

Randomisation tests (R-tests) are regularly proposed as an alternative method of hypothesis testing when assumptions of classical statistical methods are violated in data analysis. In this paper, the robustness in terms of the type-I-error and the power of the R-test were evaluated and compared...

Operational risk management remains a major concern for financial institutions. Indeed, institutions are bound to manage their own funds to hedge this risk. In this paper, we propose an approach to allocate one's own funds based on a combination of historical data and expert opinion using the...