A single-level optimization model (i.e., a Route Flow Estimator (RFE)) has been proposed to estimate the historical air travel demand. However, the RFE may require a significant amount of additional data collection effort when applied to estimate travel demand in small or medium-sized networks....

We fit U.S. stock market volatilities on macroeconomic and financial market indicators and some industry level financial ratios. Stock market volatility is non-Gaussian distributed. It can be approximated by an inverse Gaussian (IG) distribution or it can be transformed by Box-Cox transformation...

In the context of the application of artificial intelligence in an intellectual property trading platform, the number of demanders and suppliers that exchange scarce resources is growing continuously. Improvement of computational power promotes matching efficiency significantly. It is necessary...

We apply the theory of corporate social responsibility to analyse social welfare investment undertaken by Chinese State Owned Enterprises (SOEs). We present a simple theoretical model to illustrate how the presence of social objectives in the firm's objective function changes its investment...

This study assesses the impact of government shareholding on corporate performance using a sample of 643 non-financial companies listed on the Chinese stock exchanges. In view of the controversial empirical findings in the literature and the limitations of the least squares regressions, we adopt...

Using the 2005 placement data from two separate colleges, this paper studies graduate job allocation in China after higher education reform. Other things being equal, graduates with better college GPA were more likely to be employed (in particular by high-pay foreign firms) in both colleges....

Non-negative Matrix Factorization (NMF) and Probabilistic Latent Semantic Indexing (PLSI) have been successfully applied to document clustering recently. In this paper, we show that PLSI and NMF (with the I-divergence objective function) optimize the same objective function, although PLSI and...