Decentralized Optimal Control and Stabilization of Interconnected Systems With Asymmetric Information

The paper addresses the decentralized optimal control and stabilization problems for interconnected systems subject to asymmetric information.Compared with previous work,a closed-loop optimal solution to the control problem and sufficient and necessary conditions for the stabilization problem of the interconnected systems are given for the first time.The main challenge lies in three aspects:Firstly,the asymmetric information results in coupling between control and estimation and failure of the separation principle.Secondly,two extra unknown variables are generated by asymmetric information(different information filtration)when solving forward-backward stochastic difference equations.Thirdly,the existence of additive noise makes the study of mean-square boundedness an obstacle.The adopted technique is proving and assuming the linear form of controllers and establishing the equivalence between the two systems with and without additive noise.A dual-motor parallel drive system is presented to demonstrate the validity of the proposed algorithm.

Dynamics of information diffusion and disease transmission in time-varying multiplex networks with asymmetric activity levels

While the interaction between information and disease in static networks has been extensively investigated,many studies have ignored the characteristics of network evolution.In this study,we construct a new two-layer coupling model to explore the interactions between information and disease.The upper layer describes the diffusion of disease-related information,and the lower layer represents the disease transmission.We then use power-law distributions to examine the influence of asymmetric activity levels on dynamic propagation,revealing a mapping relationship characterizing the interconnected propagation of information and diseases among partial nodes within the network.Subsequently,we derive the disease outbreak threshold by using the microscopic Markov-chain approach(MMCA).Finally,we perform extensive Monte Carlo(MC)numerical simulations to verify the accuracy of our theoretical results.Our findings indicate that the activity levels of individuals in the disease transmission layer have a more significant influence on disease transmission compared with the individual activity levels in the information diffusion layer.Moreover,reducing the damping factor can delay disease outbreaks and suppress disease transmission,while improving individual quarantine measures can contribute positively to disease control.This study provides valuable insights into policymakers for developing outbreak prevention and control strategies.

OPTIMAL CONTRACTS IN TWO-ECHELON SUPPLY CHAIN UNDER ASYMMETRIC INFORMATION AND NONLINEAR DEMAND

The challenge for supply chain management is to create appropriate supply chain contracts so as to optimize the system performance. To examine the role of asymmetric information in a two-echelon supply chain system and derive supply chain contracts to deal with existing asymmetric information, a two level supply chain model including one Supplier and one retailer under the demand of price elasticity is developed. By using the principalagent principle and the optimal control theory, three types of supply chain contract, i. e. , a wholesale pricing contract, a two-parameter linear and a two-parameter nonlinear contracts are obtained. In these contracts, the Supplier has asymmetric information about the retailer cost structure. Simulation results show that the two-parameter contracts are more effective strategies to achieve supply chain coordination.

Preserving scheme for user’s confidential information in smart grid based on digital watermark and asymmetric encryption

As an essential part of the industrial Internet of Things(IoT)in power systems,the development of advanced metering infrastructure(AMI)facilitates services such as energy monitoring,load forecasting,and demand response.However,there is a growing risk of privacy disclosure with the wide installation of smart meters,for they transmit readings and sensitive data simultaneously.To guarantee the confidentiality of the sensitive information and authenticity of smart meter readings,we proposed a privacy-preserving scheme based on digital watermarking and elliptic-curve cryptography(ECC)asymmetric encryption.The sensitive data are encrypted using the public key and are hidden in the collected readings using digital watermark.Only the authorized user can extract watermark and can decrypt the confidential data using its private key.The proposed method realizes secure end-to-end confidentiality of the sensitive information.It has faster computing speed and can verify the data source and ensure the authenticity of readings.The example results show that the proposed method has little influence on the original data and unauthorized access cannot be completed within a reasonable time.On embedded hardware,the processing speed of the proposed method is better than the existing methods.

Optimal Trade Credit Policy for Supplier under Asymmetric Information in the Supply Chain

Most papers about trade credit in supply chain studied retailer's inventory policy based on information shared.Few papers paid attention to supplier's trade credit policy under asymmetric information.So this paper tries to propose supplier's optimal trade credit policy to reveal retailer's private information.The aim is achieved by developing an incentive model with revelation principle.The retailer's private information can be found out through this trade credit policy.This contract is more general than the wholesale price contract.For the retailer's private information,the order quantity and ratio of delay in payment are distorted.Sensitivity analysis shows that the contract is influenced by sales ability and discount rate.Finally,the indirect mechanism with the same effect is proposed to make it easy to be put into practice.

Tripartite Splitting Arbitrary 2-Qubit Quantum Information by Using Two Asymmetric W States

In this paper we propose a tripartite scheme for splitting an arbitrary 2-qubit quantum information by using two asymmetric W states as the quantum channel. In the schemem if the two recipients collaborate together, they can deterministically recover the quantum information by performing first a 4-qubit collective unitary operation and then two single-qubit unitary operations. In addition, since the asymmetric W states are employed as the quantum channel, the scheme is robust against decoherence.

Farmers' seed choice behaviors under asymmetrical information: Evidence from maize farming in China

the financial support of the National Social Science Foundation of China （14ZDA038）;the National Natural Science Foundation of China （71222302;71373255;71573133）;the Institute of Geographic Sciences and Natural Resources Research, Chinese Academy of Sciences （2012RC102）

Credit Rationing in Medium-small Enterprises Credit Market under Asymmetric Information

Credit rationing has been an objective phenomenon in medium-small enterprises credit market of China. By analyzing the present situation of medium-small enterprises credit market of China, this study gives a new credit rationing model fitting medium-small enterprises credit market of China well. It has been showed in the empirical study that different factor has each different influence on medium-small enterprises credit market; further more, only the change of chastisement factor can make the medium-small enterprises credit market achieve whole success, but other factors can merely get integrant success even though under the most ideal condition.

Quantity discount contracts for supply chain coordination under asymmetric information and disruptions

The quantity discount contracts are investigated for a one-supplier-one-retailer supply chain with asymmetric information when the retailer's cost is disrupted. While the retailer's cost structure is asymmetric information, two all-unit quantity discount contract models, fixed expected-profit percentage discount(FEPD) and fixed wholesale-pricing percentage discount(FWPD) under asymmetric information are proposed in a regular scenario. When the retailer's cost distribution fluctuates due to disruptions, the optimal emergency strategies of supply chains are obtained under asymmetric information. Using numerical methods, the impact of cost disruptions on decisions about the regular wholesale price, discount wholesale price, order quantity and expected profits of the retailer, the supplier as well as the total system are analyzed. It is found that the FEPD policy is more robust and adaptable than the FWPD policy in disruption circumstances.

Cooperative Mechanism of Supply Chain Under Asymmetric Information

The cooperative mechanism is one main issue in the decentralized supply chain system, especially in an asymmetric information structure. We analyze the non-cooperative game behavior of a 2-echelon distribution supply chain, compare the results with the system optimal solution, and give the supplier dominated cooperative mechanisms. We also analyze the validity of our contract under the asymmetric retailers' holding cost information and give some useful conclusions.

Quantity Discount Scheme in Supply Chain under Asymmetric Information

Quantity discount scheme plays an important role in supply chain management. The different quantity discount schemes under symmetric （full） information and asymmetric information, are analyzed by using principal-agent and optimal control theory. As a result, the research reveals that the optimal quantity discount solution under symmetric information is a special case of that under asymmetric information. At the same price, the critical value of quantity discount under asymmetric information is much lower than that under asymmetric information. Therefore, this leads to less cost for retailers and smaller profit for their supplier.

Tripartition of Arbitrary Single-Qubit Information via a Class of Asymmetric Four-Qubit W State

A four-party scheme is put forward for a sender to partition arbitrary single-qubit information among three receivers by utilizing a class of asymmetric four-qubit W state as quantum channels. In the scheme the sender＇s quantum information can be recovered by the three receivers if and only if they collaborate together. Specifically, they collaborate to perform first two different 2-qubit collective unitary operations and then a single-qubit unitary operation. The scheme is symmetric and （3, 3）-threshold with regard to the reconstruction, for any receiver can be assigned to conclusively recover the quantum information with the other two＇s assistances.

Optimization of Supplier Switching with Asymmetric Information

The buyer-supplier relationship plays a great role in most economic systems. The buying firm usually tries to find a new supplier who provides products with satisfying quality and lower price. A broad branch of literature deals with the development of buyer-supplier relationships, but limited research is on the circumstances under which a buyer should terminate such a relationship and switch to a new supplier. In this paper, the incentive compatibility constraint (IC) which induces the entrant supplier to report his true cost is considered, and the participation constraint (PC) which ensures the entrant supplier to get at least reservation profit is taken into account. Then the supplier switching model is set up to minimize the buying firm's total procurement cost which includes the transfer payment to the incumbent supplier, the payment to the entrant supplier and the switching cost, and the buying firm's switching cost is considered as a function of the switching quantity. With the theoretical analysis of IC, PC and the proposed model, the optimal supplier switching strategy can be obtained. Finally, a numerical example is given to illustrate the effectiveness of the proposed model and the switching strategy.

Endogenous Explanation for Random Fluctuation of Stock Price and Its Application: Based on the View of Repeated Game with Asymmetric Information

In this paper, we characterize the players’ behavior in the stock market by the repeated game model with asymmetric information. We show that the discount price process of stock is a martingale driven by Brownian motion, and give an endogenous explanation for the random fluctuation of stock price: the randomizations in the market is due to the randomizations in the strategy of the informed player which hopes to avoid revealing his private information. On this basis, through studying the corresponding option pricing problem furtherly, we can give the expression of function φ.

Research on the Problem of Market Allocation Under the Condition of Asymmetric Information

In contemporary society, the problem of information asymmetry in talent markets has been becoming more prominent. On one hand, the company and candidates fight against each other based on the information available, so both of them could make fraud that will make the market level lower and lower. On the other hand, former scholars have studied from enterprises＇ perspective and put forward methods to solve it based on the aspect of improving the technology and standard mechanism, which could not solve the problem of information asymmetry thoroughly. Consequently, this research put up with the idea that the market can reduce information asymmetry through the establishing personnel information database and related platforms, which has a great practical significance on realizing the optimal allocation of the market and saving cost. At the same time, this study discussed the problems of information asymmetry fundamentally, which was of great importance to enrich the related theory research. Specific models were constructed through two perspectives from the enterprise and the candidates. And then two models would be eventually integrated into a large system. Finally, this research put all related information into a system, which was beneficial to the optimal allocation of human resources with constraints of the market environment.

SCM Implementation Decisions of Principal-Agent under Asymmetric Information

The optimization investment policy decision of SCM-Supply Chain Management-implementation has been analysed under symmetric and asymmetric information conditions. For both conditions, SCM implementation options’ decision optimizing models have been developed. In these models, both clients and vendors try to pursue their own benefits. Based upon the principal-agent theory, the models show to what extent a principal (a client) needs to pay more to an agent (a vendor) in a context of asymmetric information. For the client, it is important to understand the extra costs to be able to adopt effective strategies to stimulate a vendor to perform an optimal implementation of a SCM system. The results of a simulation experiment regarding SCM implementation options illustrate and verify the theoretical findings and confirm the general notion that the less informed party is obliged to pay information rent to the better-informed party.

Analysis on the Effect of Asymmetric Information on Product Supply Chain and Pricing

Along with the vigorous development of the markel economy, the transactions in the market are also increasingly frequent. In all kinds of market transactions, there are more or less inIbrmation asynunetry phenomena. Asynmaetric information makes supply chain unable to give a real reaction to the relationship between market supply and demand, and the personnel in the channels of supply chain are unable to make the optimal pricing, so that the overall profits are affected. Therefore, asymmetric information should be controlled within the normal range, for the purpose of ensuring the normal operation and healthy development of the market transactions.

Design Capability Identify under Asymmetric Information

Under the condition of asymmetric information,the Spence 's Job Market Signaling Model is generally applied to inspect the design capability of a designer and his labor and efforts to be invested; however,since the"prior probability"and "posterior probability"have great uncertainties,the practical effect of this model is poor. On the basis of analyzing reverse selection questions,this paper provides a design capability screening model,which can make a designer automatically expose his hidden information so that necessary actions can be taken as required by the owner to realize risk sharing. A calculation example is finally given to demonstrate that the new model is helpful for an owner to select a designer with high professional level and to lead the designer to work hard,so it is of significant application value.

Asymmetric Consortium Blockchain and Homomorphically Polynomial-Based PIR for Secured Smart Parking Systems

In crowded cities,searching for the availability of parking lots is a herculean task as it results in the wastage of drivers’time,increases air pollution,and traffic congestion.Smart parking systems facilitate the drivers to determine the information about the parking lot in real time and book them depending on the requirement.But the existing smart parking systems necessitate the drivers to reveal their sensitive information that includes their mobile number,personal identity,and desired destination.This disclosure of sensitive information makes the existing centralized smart parking systems more vulnerable to service providers’security breaches,single points of failure,and bottlenecks.In this paper,an Improved Asymmetric Consortium Blockchain and Homomorphically Computing Univariate Polynomial-based private information retrieval(IACB-HCUPPIR)scheme is proposed to ensure parking lots’availability with transparency security in a privacy-preserving smart parking system.In specific,an improved Asymmetric Consortium Blockchain is used for achieving secure transactions between different parties interacting in the smart parking environment.It further adopted the method of Homomorphically Computing Univariate Polynomial-based private information retrieval(HCUPPIR)scheme for preserving the location privacy of drivers.The results of IACB-HCUPPIR confirmed better results in terms of minimized computation and communication overload with throughput,latency,and response time with maximized drivers’privacy preservation.Moreover,the proposed fully homomorphic algorithm(FHE)was compared against partial-homomorphic encryption(PHE)and technique without encryption and found that the proposed model has quick communication in allocating the parking slots starting with 24.3 s,whereas PHE starts allocating from 24.7 s and the technique without encryption starts at 27.4 s.Thus,we ensure the proposed model performs well in allocating parking slots with less time and high security with privacy preservation.

Benign Interaction Between Rural Information Service and Farmers' Income

Based on the improvement of interactive relationship between rural information service system and farmers＇ income, accompanied by the serious restriction to its mutual promotion caused by such problems as asymmetric information, focusing on introduction of rural information service infrastructure while ignored the application of them, shortage of human resource on information and so on, this paper proposed corresponding measures respectively to promote the benign interaction development between rural information service and farmers＇ income.