This paper develops a competitive equilibrium model of CEO compensation and industry dynamics. CEOs make product pricing and product improvement decisions subject to shareholders’ compensation choices and idiosyncratic shocks to product quality. The choice of highpowered incentives optimally trades-o¤ the bene…ts from expected product improvements and the associated agency costs. In market equi...

This paper describes a Collision Method for massive virtual environments composed of millions of triangles. It has been applied in the aeronautics industry for maintainability simulations using virtual aircraft engine mock-ups. The method performs well and has a good interactive frame rate even when it is used for computing force feedback with haptic devices. Space sorting problems chiefly rela...

In this paper, we present a method for overlapping communications on parallel computers for pipelined algorithms. We rst introduce a general theoretical model which leads to a generic computation scheme for the optimal packet size. Then, we use the OPIUM 3 library, which provides an easy-to-use and eecient way to compute, in the general case, this optimal packet size, on the column LU factoriza...

Utilization of energy storage system (ESS) in microgrids has turned to be necessary in recent years and now with the improvement of storage technologies, system operators are looking for an exact modeling and calculation for optimal sizing of ESS. In the proposed paper, optimal size of ESS is determined in a microgrid considering demand response program (DRP) and reliability criterion. Both lar...

Bark is one of the most under-utilized types of lignocellulosic biomass in the forest industry. In this study, bark fast pyrolysis was optimized for phenols yield using response surface methodology (RSM), considering the pyrolysis temperature, gas flow rate, and biomass particle size. The bio-oil generated under optimal conditions was then characterized by gas chromatography-mass spectrometry (...