Valence Bond Theory—Its Birth, Struggles with Molecular Orbital Theory, Its Present State and Future Prospects

Present State and Future Prospects of Stochastic Process Theory

The theory of stochastic processes has developed sufficiently in the past two decades so that one can now properly give a survey of its present state and hazard some guesses as to its future development. It is clear that no mathematician can reliably predict what the mathematics of the next twenty years will be, even in his own field. In fact, if he could know what it would be, he would negate ...

The State of Islamic Finance: Post-crisis and Future Prospects

The main purpose of this paper is to trace epistemological roots of conventional and Islamic finance. Based on an extensive literature review, this paper aims to highlight, explain, and discuss an ideal conventional and Islamic financial system. The ideal conventional financial system is discussed in light of various writings by Smith and Arrow, based on Arrow-Debreu model. On the other ...

Title Generalized valence bond state and solvable models for spin-1/2 systems with orbital degeneracy

Internet of Things (IoT): Present State and Future Prospects

The recent development of communication devices and wireless network technologies continues to advance the new era of the Internet and telecommunications. The various “things”, which include not only communication devices but also every other physical object on the planet, are also going to be connected to the Internet, and controlled through wireless networks. This concept, which is referred t...

OTDM: Present and Future Prospects

With the ever-increasing demand for higher speeds and larger capacity brought about by rapid data growth on the Internet, interest in optical time division multiplexing has been growing rapidly in recent years due to its high speed and ability to overcome the “electronic bottleneck” offered by today’s electronic components. In contrast to WDM where multiplexing occurs in the frequency domain, O...