Article history: Received 6 November 2013 Received in revised form 17 November 2014 Accepted 2 January 2015

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Distillation is a widely used separation method in the process industries and it is the largest energy consumer among individual process units. Improvement of energy efficiency in distillation systems is still an active research field. Among the issues concerned with the improvement of energy efficiency of distillation systems, the optimal design and synthesis A SHORT Note ABOUT ENERGY-EFFICIEN...

In this Section we study the optimal design of top income taxes.1 We have already covered optimal top income taxation in a simple Mirrlees framework in Section 2. Today, we will start from the “trickle down” model with endogenous wages introduced by Stiglitz (1982). We then analyze an example of optimal taxation in a general equilibrium model where workers choose between di↵erent occupations/se...

In life-cycle costing analyses, optimal design is usually achieved by minimising the expected value of the discounted costs. As well as the expected value, the corresponding variance may be useful for estimating, for example, the uncertainty bounds of the calculated discounted costs. However, general explicit formulas for calculating the variance of the discounted costs over an unbounded time h...

In order to develop a human hand mechanism, a 5-bar finger with redundant actuation is suggested Optimal sets of actuator locatiom and link lengths for the cases of minimum actuator, one, two, and three redundant actuators are obtained by employing a composite design index which simultaneously consider several performance indices such as workspace, isotropic index, and force transmission ratio,...

A. PROOF OF PROPOSITION 4.1 A.1. The Claim to Prove In order to prove Proposition 4.1, we quantify the performance loss of strategies restricted to Aas. The performance loss is determined in the following claim. Claim. Starting from any initial rating profile θ , the maximum social welfare achievable at the PAE by (π0, π · 1N) ∈ (Aas) × N(Aas) is at most b− c − c · ρ(θ , α∗ 0, S∗ B) ∑ s′∈S∗ B q...

Real options literature commonly assumes that, either the investment opportunity is directly managed by the owners, or the managers are perfectly aligned with them. However, agency conflicts occur and managers reveal interests not totally in line with those of the shareholders. This may have a major impact on the value maximizing decisions, namely, on the optimal timing to invest. This paper co...

When experiments are performed on social networks, it is difficult to justify the usual assumption of treatment-unit additivity, due to the connections between actors in the network. We investigate how connections between experimental units affect the design of experiments on those experimental units. Specifically, where we have unstructured treatments, whose effects propagate according to a li...

The operations number was evaluated for different design strategies to select the optimal or quasioptimal strategy that has the minimal computer time. The general methodology for the system design was elaborated by means of the optimal control theory approach. The problem of the time-optimal system design has been formulated as the classical problem of the optimal control for the some functiona...