Volume Weighted Average Price (VWAP) for a traded financial asset is total traded value divided by total traded volume. It is a quality of execution metric popular with institutional traders for measuring the price impact of trading. VWAP is also a ‘virtuous trade’ that minimizes price impact by spreading the liquidity demand of large orders across the trading period. The optimal mean-variance ...

It is commonly believed that prices in secondary financial markets play an important allocational role because they contain information that facilitates the efficient allocation of resources. This paper identifies a limitation inherent in this role of prices. It shows that the presence of a feedback effect from the financial market to the real value of a firm creates an incentive for an uninfor...

based on the problems caused by today conventional vehicles, much attention has been put on the fuel cell vehicles researches. however, using a fuel cell system is not adequate alone in transportation applications, because the load power profile includes transient that is not compatible with the fuel cell dynamic. to resolve this problem, hybridization of the fuel cell and energy storage device...

the strategic pricing decisions of assembly products in assembly products supply chain are studied in this paper. firstly, a two-stage assembly products supply chain model is developed. by building nash game model, the nash equilibrium solution of pricing strategy of supplier and assemblers is obtained. next, a union decision model is built to analyze the optimal combination pricing strategy of...

this paper presents an analytic procedure for the value added to different production levels with different policy options. the approach is stochastic and thus provides a framework for informed decision-making on productivity growth under uncertainty conditions. the model was applied to data collected from a firm and re-sults recommend that the firm should redevelop if in diversification and sy...

Purpose: The purpose of this research is the formation a methodology for investment decision making by trader in stock market, based on enterprise value indicators. Design/Methodology/Approach: decisions method descriptive statistics used to describe findings analysis dynamics selected indicators characterizing level company’s shares market value, grouping statistical data process forming group...