This paper examines short-horizon return predictability of ten largest international securitized real estate markets, with special attention paid to exploring possible nonlinearity-in-mean as well as nonlinearity-in-variance predictability. Although international securitized real estate returns...

We consider a two-stage serial inventory system whose cost structure exhibits economies of scale in both stages. In the system, stage 1 faces Poisson demand and replenishes its inventory from stage 2, and the latter stage in turn orders from an outside supplier with unlimited stock. Each...

The mean reversion of real exchange rates in G5 countries depends on both countries’ fiscal deficits/surplus in a nonlinear way. When the fiscal policy pushes the real exchange rate to be deviated further away from the equilibrium level, the mean reversion process is faster.

In the present paper, a numerical study is presented to investigate the cascade utilization of waste heat in sinter cooling bed. With the aid of CFD (computational fluid dynamics), a two-dimensional unsteady mathematical model, which would significantly reduce the computational time, is...

Robustness is one of the crucial properties that needs to be considered in the design of routing strategies on networks. We study the robustness of three typical routing strategies, which are the SP (shortest path), EP (efficient path), and OP (optimal path) strategies, by simulating several...