Recent variable annuities offer participation in the equity market and attractive protection against downside movements. Accurately quantifying this additional equity market risk and robustly hedging options embedded in the guarantees of variable annuities are new challenges for insurance...

In this study, an inexact multistage joint-probabilistic programming (IMJP) method is developed for tackling uncertainties presented as interval values and joint probabilities. IMJP improves upon the existing multistage programming and inexact optimization approaches, which can help examine the...

In this study, a factorial-based fuzzy-stochastic dynamic programming (FFS-DP) method is developed for tackling multiple uncertainties including fuzziness, randomness and their interaction in reservoir operation management (ROM). FFS-DP is framed on the integration of stochastic dynamic...

Colorectal cancer (CRC) is notoriously hard to combat for its high incidence and mortality rates. However, with improved screening technology and better understanding of disease pathways, CRC is more likely to be detected at early stage and thus more likely to be cured. Among the available...

Solar powered solid desiccant cooling system is a good alternative to conventional vapor compression system. In this paper, a novel solar driven desiccant coated heat exchanger cooling (SDCC) system is proposed. In order to validate the feasibility of such system and to predict system...

In the solid desiccant wheel air-conditioning system, the performance of the desiccant wheel is critical to the capability, size and cost of the whole system. Constructing mathematical model is an effective method for analyzing the performance of the rotary wheel as well as the system. The model...

In ejector refrigeration systems, the performance of the ejector is critical to the performance, capability, size and cost of the whole system. Construction of mathematical models has been used as an effective method for analyzing the performance of the ejector as well as the whole refrigeration...