This paper proposes a new thermal energy recovery process of hot gas exhausted from the steelmaking converter by utilizing not only latent heat but also endothermic heat of reaction. The intermittently emitted LD gas was first transferred into continuous, constant-temperature heat source in the...

This paper presents a new approximate pricing formula for European payer swaptions in the LIBOR market model using an asymptotic expansion method. The formula is very flexible, since it can be applied to a wide range of volatility functions. The formula is tested with a log-normal volatility...

Rural households in developing countries continue to have limited access to credit although credit is thought to play a vital role not only in agricultural activities but also in poverty reduction through improving the economic and social wellbeing of the people. Existing studies on rural credit...

Effective use of local iron ore and biomass waste as energy and material resources in iron making is an interesting economic prospect since Malaysia imports iron ore to supply its domestic steel consumption while there is an abundance of biomass waste from the palm oil industry. In this work, a...

A sort of new microencapsulated phase change materials (MEPCM) based on paraffin wax core and poly(methyl methacrylate-co-methyl acrylate) shell with nano alumina (nano-Al2O3) inlay was synthesized through emulsion polymerization. Various techniques were used to characterize the as-prepared...