TRANSFORM THE MECHANISM OF RENMINBI’S EXCHANGE RATE SYSTEM IN CONFORMITY WITH THE DEMAND OF MARKET ECONOMY——The academic report delivered at the Annual Meeting of NNCIFS on October 1993

Exchange rate functions under systems of centrallyplanned economy and market economy are quite different,and the mechanism to determine such exchange rate is alsodifferent. To adopt a socialist market economic system inChina, the exchange rate mechanism of Renminbi must bethoroughly transformed. To accomplish this goal, I believethere are three problems that must be solved: first,

Investigating the effects of gradual deployment of market penetration rates(MPR)of connected vehicles on delay time and fuel consumption

Purpose–This research paper aims to investigate the effects of gradual deployment of market penetration rates(MPR)of connected vehicles(MPR of CVs)on delay time and fuel consumption.Design/methodology/approach–A real-world origin-destination demand matrix survey was conducted in Boston,MA to identify the number of peak hour passing vehicles in the case study.Findings–The results showed that as the number of CVs(MPR)in the network increases,the total delay time decreases by an average of 14%and the fuel consumption decreases by an average of 56%,respectively,from scenarios 3 to 15 compared to scenario 2.Research limitations/implications–The first limitation of this study was considering a small network.The considered network shows a small part of the case study.Originality/value–This study can be a milestone for future research regarding gradual deployment of CVs’effects on transport networks.Efficient policy(s)may define based on the results of this network for Brockton transport network.