The main objective in any marketing effort is to consider the optimal conditions to maximize revenue and profit. The optimal market segmentation prici ng strategy is investigated under the assumption of an aggregate l...The main objective in any marketing effort is to consider the optimal conditions to maximize revenue and profit. The optimal market segmentation prici ng strategy is investigated under the assumption of an aggregate linear demand f unction. The optimal conditions to maximize revenue and profit, two closely corr elative problems, are obtained respectively. The differentiation pricing policy described here can be easily applied in practice. A numerical example is provide d which vividly illustrates the advantage of applying optimal policies.展开更多
This paper offers a study of J.L.Lagrange's research on history of mathematics,aiming to clarify Lagrange's intention in carrying out historical work.To this end,I first document how Lagrange worked with and e...This paper offers a study of J.L.Lagrange's research on history of mathematics,aiming to clarify Lagrange's intention in carrying out historical work.To this end,I first document how Lagrange worked with and exerted his influence on other scholars in the translation and diffusion of ancient Greek texts.Second,investigating Lagrange's style in doing and writing history of mathematics,this paper takes a new perspective and elucidates his motivation in these activities.In particular,it focuses on Lagrange's presentation of the history of calculus while he was teaching analysis at the Ecole Polytechnique(1795-1799)so as to clarify the function of history in Lagrange's mathematical works.My thesis is that Lagrange's intention in examining the different methods employed by his predecessors was to find inspiration and useful contents in his search for the proper approach to mathematical problems.I thus argue in this paper that history served as a guide or methodology for Lagrange's mathematics.Meanwhile,through an analysis of his historical writing,this paper points to four epistemological values according to which Lagrange judged various historical methods of differential calculus:generality,simplicity,clarity,and rigor.Lagrange's move to rigorize analysis was connected to his interest in and research of Greek texts;he was attempting to introduce the rigor of the ancient Greeks'demonstration in his works of analysis.展开更多
On the base of budget or plan information, comparing with actual results, making variance analysis, finding real reasons behind variance, this is important way of control and also important function of budget. However...On the base of budget or plan information, comparing with actual results, making variance analysis, finding real reasons behind variance, this is important way of control and also important function of budget. However, without consideration of changes of environment, there are some limitations for static variance analysis with benchmark of plan data. Adjusting for benchmark according to actual condition, then doing variance analysis, these will improve utilization of variance analysis. Adjusted benchmark is often known as authorized cost/profit. For different understanding for authority concept, with RCA＇s （the abbreviation for Resource Consumption Accounting） view and numerical examples, this paper brings out the concept of consumption rate variance to promoting deeper understanding and analyzing reasons behind variance.展开更多
As an active trader in international crude oil and petroleum product markets, Australia＇s human welfare is affected by oil crisis and contagion from the perspectives of economic growth, income inequality, and environ...As an active trader in international crude oil and petroleum product markets, Australia＇s human welfare is affected by oil crisis and contagion from the perspectives of economic growth, income inequality, and environmental sustainability. This paper investigates the impacts of oil price shocks upon Australia＇s gross domestic product （GDP） growth, Gini coefficients, and carbon dioxide emissions per capita from 1970 to 2012 with yearly frequency. Hypotheses concerning whether Australia＇s economic immunity against oil crisis is affected after the deregulation of oil market and whether endogenous oil price shocks account for more variations in human welfare than exogenous oil price shocks are tested. The methodologies include a theoretic model and a series of econometric tests. For the short-run dynamics, oil price is integrated into the model both linearly and non-linearly. Oil price shocks are categorized into exogenous and endogenous shocks. The conclusions are that inflated oil prices exert mainly non-linear negative impacts upon human welfare indicators and exogenous shocks induce endogenous shocks through labor price, Consumer Price Index （CPI）, interest rate, and exchange rate. For the long-run equilibrium, non-linear shocks＇ effects decay more slowly than linear shocks and the impacts of endogenous shocks last longer than that of exogenous shocks. Finally, oil market policies are evaluated and proposed.展开更多
The increased demand and high price for energy sources are driving efforts to convert organic compounds into useful hydrocarbon fuels. Although much of this work has focused on biomass, there are strong benefits to de...The increased demand and high price for energy sources are driving efforts to convert organic compounds into useful hydrocarbon fuels. Although much of this work has focused on biomass, there are strong benefits to deriving fuels from waste plastic material. Natural State Research Inc. （NSR） has invented a simple and economically viable process to decompose the hydrocarbon polymers of waste plastic into the shorter chain hydrocarbon of liquid fuel （patent pending）. The method and principle of the production/process will be discussed. Initial tests with several widely used polymers indicate a high potential for commercialization.展开更多
Assume that there is additional market information in the financial market, which is represented by n given T-contingent claims. The special claims with observed prices at time 0 can only be traded at time 0. Hence, i...Assume that there is additional market information in the financial market, which is represented by n given T-contingent claims. The special claims with observed prices at time 0 can only be traded at time 0. Hence, investment opportunities increase. By means of the techniques developed by Gourierout et al. （1998）, the mixed hedging problem is considered, especially, the price of contingent claim and the optimal hedging strategy are obtained. An explicit description of the mean-variance efficient solution is given after arguing mean-variance efficient frontier problem.展开更多
This paper investigates the statistical behaviors of fluctuations of price changes in a stock market.The Sierpinski carpet lattice fractal and the percolation system are applied to develop a new random stock price for...This paper investigates the statistical behaviors of fluctuations of price changes in a stock market.The Sierpinski carpet lattice fractal and the percolation system are applied to develop a new random stock price for the financial market.The Sierpinski carpet is an infinitely ramified fractal and the percolation theory is usually used to describe the behavior of connected clusters in a random graph.The authors investigate and analyze the statistical behaviors of returns of the price model by some analysis methods,including multifractal analysis,autocorrelation analysis,scaled return interval analysis.Moreover,the authors consider the daily returns of Shanghai Stock Exchange Composite Index,and the comparisons of return behaviors between the actual data and the simulation data are exhibited.展开更多
文摘The main objective in any marketing effort is to consider the optimal conditions to maximize revenue and profit. The optimal market segmentation prici ng strategy is investigated under the assumption of an aggregate linear demand f unction. The optimal conditions to maximize revenue and profit, two closely corr elative problems, are obtained respectively. The differentiation pricing policy described here can be easily applied in practice. A numerical example is provide d which vividly illustrates the advantage of applying optimal policies.
文摘This paper offers a study of J.L.Lagrange's research on history of mathematics,aiming to clarify Lagrange's intention in carrying out historical work.To this end,I first document how Lagrange worked with and exerted his influence on other scholars in the translation and diffusion of ancient Greek texts.Second,investigating Lagrange's style in doing and writing history of mathematics,this paper takes a new perspective and elucidates his motivation in these activities.In particular,it focuses on Lagrange's presentation of the history of calculus while he was teaching analysis at the Ecole Polytechnique(1795-1799)so as to clarify the function of history in Lagrange's mathematical works.My thesis is that Lagrange's intention in examining the different methods employed by his predecessors was to find inspiration and useful contents in his search for the proper approach to mathematical problems.I thus argue in this paper that history served as a guide or methodology for Lagrange's mathematics.Meanwhile,through an analysis of his historical writing,this paper points to four epistemological values according to which Lagrange judged various historical methods of differential calculus:generality,simplicity,clarity,and rigor.Lagrange's move to rigorize analysis was connected to his interest in and research of Greek texts;he was attempting to introduce the rigor of the ancient Greeks'demonstration in his works of analysis.
文摘On the base of budget or plan information, comparing with actual results, making variance analysis, finding real reasons behind variance, this is important way of control and also important function of budget. However, without consideration of changes of environment, there are some limitations for static variance analysis with benchmark of plan data. Adjusting for benchmark according to actual condition, then doing variance analysis, these will improve utilization of variance analysis. Adjusted benchmark is often known as authorized cost/profit. For different understanding for authority concept, with RCA＇s （the abbreviation for Resource Consumption Accounting） view and numerical examples, this paper brings out the concept of consumption rate variance to promoting deeper understanding and analyzing reasons behind variance.
文摘As an active trader in international crude oil and petroleum product markets, Australia＇s human welfare is affected by oil crisis and contagion from the perspectives of economic growth, income inequality, and environmental sustainability. This paper investigates the impacts of oil price shocks upon Australia＇s gross domestic product （GDP） growth, Gini coefficients, and carbon dioxide emissions per capita from 1970 to 2012 with yearly frequency. Hypotheses concerning whether Australia＇s economic immunity against oil crisis is affected after the deregulation of oil market and whether endogenous oil price shocks account for more variations in human welfare than exogenous oil price shocks are tested. The methodologies include a theoretic model and a series of econometric tests. For the short-run dynamics, oil price is integrated into the model both linearly and non-linearly. Oil price shocks are categorized into exogenous and endogenous shocks. The conclusions are that inflated oil prices exert mainly non-linear negative impacts upon human welfare indicators and exogenous shocks induce endogenous shocks through labor price, Consumer Price Index （CPI）, interest rate, and exchange rate. For the long-run equilibrium, non-linear shocks＇ effects decay more slowly than linear shocks and the impacts of endogenous shocks last longer than that of exogenous shocks. Finally, oil market policies are evaluated and proposed.
文摘The increased demand and high price for energy sources are driving efforts to convert organic compounds into useful hydrocarbon fuels. Although much of this work has focused on biomass, there are strong benefits to deriving fuels from waste plastic material. Natural State Research Inc. （NSR） has invented a simple and economically viable process to decompose the hydrocarbon polymers of waste plastic into the shorter chain hydrocarbon of liquid fuel （patent pending）. The method and principle of the production/process will be discussed. Initial tests with several widely used polymers indicate a high potential for commercialization.
基金the National Natural Science Foundation of China under Grant No.70471071Shanghai Leading Academic Discipline Project under Grant No.T0502Jiangsu Provinces Education Commission,National Natural Science Foundation Research Project under Grant No.07KJD110066.
文摘Assume that there is additional market information in the financial market, which is represented by n given T-contingent claims. The special claims with observed prices at time 0 can only be traded at time 0. Hence, investment opportunities increase. By means of the techniques developed by Gourierout et al. （1998）, the mixed hedging problem is considered, especially, the price of contingent claim and the optimal hedging strategy are obtained. An explicit description of the mean-variance efficient solution is given after arguing mean-variance efficient frontier problem.
基金supported by the National Natural Science Foundation of China Grant Nos.71271026 and 10971010
文摘This paper investigates the statistical behaviors of fluctuations of price changes in a stock market.The Sierpinski carpet lattice fractal and the percolation system are applied to develop a new random stock price for the financial market.The Sierpinski carpet is an infinitely ramified fractal and the percolation theory is usually used to describe the behavior of connected clusters in a random graph.The authors investigate and analyze the statistical behaviors of returns of the price model by some analysis methods,including multifractal analysis,autocorrelation analysis,scaled return interval analysis.Moreover,the authors consider the daily returns of Shanghai Stock Exchange Composite Index,and the comparisons of return behaviors between the actual data and the simulation data are exhibited.
