We investigate a portfolio selection problem involving an agent’s realistic housing service choice, where the agent not only has to choose size of house live in, but also select between renting and purchasing house. Adopting dynamic programming approach, we derive closed-form solution obtain optimal policies for consumption, investment, service, time present various numerical demonstrations sho...

This paper pursues an econometric investigation of the interactions between Japan’s housing investment and gross domestic product (GDP). A cointegrated vector autoregressive (VAR) analysis of Japan’s recent time series data reveals two cointegrating relationships, which characterize the underlying long-run interactions of the variables in question. The cointegrated VAR model is then reduced to ...

The advent of virtualisation and the increasing demand for outsourced, elastic compute charged on a payas-you-use basis has stimulated the development of large-scale Cloud Data Centres (DCs) housing tens of thousands of computer clusters. Of the significant capital outlay required for building and operating such infrastructures, server and network equipment account for 45 and 15% of the total c...

The current trend in US public housing redevelopment is to replace existing high-rise, high density 'projects' with new lower density, mixed-income communities. The underlying assumption is that mixing together market rate and public housing units will result in social interaction of low-income and middle-income families, which in turn is to provide greater opportunities and reduce social isola...

Sow housing is a controversy issue in the swine industry. The conventional confinement housing system for sows, such as gestation stalls and farrowing crates have been used in the western countries for more than 30 years. Despite the advantages of confinement sow housing systems, concern over sow welfare due to restriction of movement has resulted in gestation stalls being banned in the Europea...