We develop a non-linear Markov error correction approach to examine the general co-integration relation between the H- and A-prices of cross-listed Chinese stock issuers across the period January 1999 to March 2009. We unravel three important dimensions of this relation. These pertain to (i) the...

Renewable energy – mainly solar power – is expected to be increasingly rapidly integrated into future electricity systems in Japan especially after the Fukushima Nuclear Accident. On the other hand, one of the most crucial elements of future electricity systems will be the capability for...

A simulation model is proposed in the present study to analyze economic and environmental performance of electric vehicles (EVs) operated under different conditions including electricity generation mix, smart charging control strategies and real-time pricing mechanisms. The model is organized...

This paper presents a new route for biomass derived aviation fuel synthesis by catalytic conversion in aqueous phase. Furfural with the yield of 71% was produced by acid hydrolysis of raw corncob, and hydrogenated to 2-methylfuran with obtaining the yield of 89% over Raney Ni catalyst, both of...

Electric universal service aims to improve the individual living quality in remote and underdeveloped areas, the implementation of which can promote the sustainable development of people’s lives and the local economy to some extent. A social welfare evaluation model of electric universal...

The natural and subsequent human disasters of March 11, 2011 in Japan have brought into focus more than ever the importance of resilience and risk mitigation in the construction of energy infrastructure. This article introduces some of the critical issues and discusses the implications of energy...

Heating represents the largest proportion of energy use as supplied to consumers across all end energy uses. Therefore, there is huge potential for energy savings in the heating sector in order to reduce the emission of CO2. District heating (DH) has been considered an efficient, environmentally...

The fractal and self-similarity properties are revealed in many complex networks. The information dimension is a useful method to describe the fractal and self-similarity properties of the complex networks. In order to show the influence of different parts in the complex networks to the...

This paper presents a simulation model for bi-directional pedestrian behavior. Guide effect and press effect performed by pedestrians with same direction, and contain effect performed by opposite pedestrians were considered as potential effects. Potential field was defined to simulate the...

In this paper we study the existence and uniqueness of the Lρ2p(Rd;R1)×Lρ2(Rd;Rd) valued solutions of backward doubly stochastic differential equations (BDSDEs) with polynomial growth coefficients using weak convergence, equivalence of norm principle and Wiener–Sobolev compactness arguments....