The theory of audit pricing suggests that audit fees are positively associated with areas of higher inherent risk. Inventory is commonly cited as one such area, and many Western studies have reported a positive association between inventory and audit fees. However, most Chinese studies have...

Conventional theory for private information of adverse selection predicts a positive correlation between insurance coverage and ex post risk. This paper shows the opposite in the life insurance market despite the clear evidence of private information on mortality risk. The reason for this...

This paper addresses a multiagent-based distributed load shedding scheme to restore frequency for the microgrids during islanded operation. The objective of the proposed scheme is to realize a distributed load shedding considering its associated cost and the capacity of the flexible loads. There...

The gas engine-driven heat pump (GEHP), which has been considered as a preferable choice in the heating and air-conditioning scheme can make full use of the waste heat from the engine and achieve a higher primary energy ratio (PER) than other forms of heating/cooling systems. In this paper, the...