The combination of climate change and urbanization is worsening urban flooding problems. Estimating the amount of rainfall that a city can tolerate without flooding is a fundamental task that is difficult to perform, although large amounts of resources are invested in urban flood control. The...

An empirical and theoretical analysis of financial crises is conducted based on statistical mechanics in non-equilibrium physics. The transition probability provides a new tool for diagnosing a changing market. Both calm and turbulent markets can be described by the birth–death process for...

Many experts believe that our civilization is on the verge of shifting to a new long-term economic cycle — the sixth Kondratieff wave. Increasing diffusion and convergence of ICT, bio- and nanotechnologies, movements favoring «green» technologies and business models and holistic health,...

This paper proposes a new algorithm to solve nonsmooth multiobjective programming. The algorithm is a descent direction method to obtain the critical point (a necessary condition for Pareto optimality). We analyze both global and local convergence results under some assumptions. Numerical tests...

In this paper we calculate the constant pressure specific heat response of a water model with a liquid–liquid critical point. We show how, due to the existence of the critical point, there is a secondary maximum in the specific heat at some temperature T*Th for any pressure PPc, being Th the...