Purpose – The purpose of this paper is to develop a theoretical model to study the impact of corruption on money laundering. Design/methodology/approach – The relationship between corruption and money laundering has been modelled by using differential games. Findings – The authors' model...

Political economy views economic issues through the lens of political organisation. In today's world, it must focus on the roles of markets and of democracy, two concepts which are driving revolutionary changes in the political organisation of both Europe and Asia. There are two main paradigms...

The paper dev?lops the mathematical basis of stacked actor-network (SAN) approach in modeling a socio-economic and cultural dynamics. It attempts to avoid the idea of ‘guidance' of a given form of (social) life being modelled, which has long been dominating in traditional sociology. Using...

Now we are in the era of ubiquitous computing. Internet of things (IoT) is getting matured in various parts of the world. In coming few years' billions and trillions of things will be connected to the internet. To deal with these huge number of devices in a network we need to consider Quality of...

The aim of this paper is to investigate the effect of vehicle dynamics control systems (VDCS) on both the collision of the vehicle body and the kinematic behaviour of the vehicle's occupant in case of offset frontal vehicle-to-vehicle collision. A unique 6-Degree-of-Freedom (6-DOF) vehicle...

This paper focuses on formulating a typical simple assembly line balancing problem. A new objective function based on a nonlinear entropy function is considered for the simple assembly line balancing problem for the first time. This objective function force the stations to have more similar...

In this paper, we study the stability of equilibrium for a foreign trade model consisting of three countries. As the gravity equation has been proven an excellent tool of analysis and adequately stable over time and space all over the world, we further enhance the problem to three masses. We use...

A mutinomial logit model of urban taxi services has been developed for the study of the operational characteristics of the taxi industry, in which it is hypothesised that the customer-searching behaviour of vacant taxis follows a multinomial logit choice model. Although the model is commonly...

We present a stochastic agent-based model for the distribution of personal incomes in a developing economy. We start with the assumption that incomes are determined both by individual labour and by stochastic effects of trading and investment. The income from personal effort alone is distributed...