In risk management, ignoring the dependence among various types of claims often results in over-estimating or under-estimating the ruin probabilities of a portfolio. This paper focuses on three commonly used ruin probabilities in multivariate compound risk models, and using the comparison...

In this paper, improvements on the Lundberg bound for the ruin probability in the classical risk model are considered. First, a lower bound and an upper bound are derived in terms of an NWU and NBU distribution which generalize the Lundberg bound based on the exponential distribution. Second,...

A multi-objective optimization of main heat exchanger in a regenerative Brayton cycle system is carried out based on entransy dissipation. The best trade-off between the entransy dissipation numbers caused by heat transfer and fluid friction is achieved in the Pareto optimal solutions, the...

The viscous dissipation effect on the thermodynamic performance of the curved square microchannels in laminar flow is numerically investigated. The classical Navier–Stokes equations are adopted; aniline and ethylene glycol are selected as the working fluids. The results show that the heat...