In this article we discuss invertibility conditions for some state space models, including the models that underly simple exponential smoothing, Holt's linear method, Holt-Winters' additive method and damped trend versions of Holt's and Holt-Winters' methods. The parameter space for which the...

Economic analysis has begun to focus on the implications of transaction costs to trading in capital assets. Specifically, the economics of market making and the price of liquidity has received considerable attention. This paper formulates the market maker's bid-ask price decision as a...

Present work is focused on building a TRNSYS simulation model of solar water heating (SWH) system using heat pipe evacuated tubes, hybridized with conventional fuel (i.e., natural gas) backup to provide uninterrupted thermal energy supply. An experimental facility was developed to validate the...