R＆D Decision and Optimal Quantity Incentive in Production on Manager

This paper, by introducing the principal-agent relations between a firm owner and its manager into AJ model, discusses the impact of the quantity incentive in production of the firm owner set on R＆D decision and the equilibriums of R＆D input and quantity output of duopoly enterprises in the reality of the departure of ownership and firm controlling capacity. With the help of the tradeoff between the firm owner＇s profit and the manager＇s revenue, the owner of the firm can thereby selects an optimal incentive on manager to optimize its profit. And finally the paper also demonstrates the improved P＆D performance and the output equilibriums in Cournot game.     

The Effect of Green Technology Adoption Strategy on Duopoly Competition

Given consumers' trade-offs between conventional economic and environmental attributes of products, we provide a game-theoretic model to explore the role of GTA strategy in duopoly competition by incorporating two salient features: Two product types — The green product produced by a firm with GTA strategy and the ordinary product produced by a firm without GTA strategy, and two consumer segments, i.e., the green consumers who are willing to pay for green products and the ordinary consumers who are willing to pay for ordinary products. Our analysis shows that GTA strategy may either increase or decrease the green firm's quality provision. The subtle relationship between the green firm's quality strategy and GTA strategy not only affects its own equilibrium performances but its rival's. We also find that two consumer segments may be better off in the presence of a lower GTA intensity. Additionally, although the GTA strategy benefits the environment, the GTA investment is not the more the better. Finally, we find that GTA strategy would lead to higher social welfare only when the GTA efficiency is high enough. Our work not only provides an alternative economic explanation why some firms choose to implement GTA strategy and some do not in reality, but gives managerial insights for firms with different GTA strategies as well as policy insights for the social planner.     

Government policies and corporate financing decisions in China: Theory and evidence

This paper examines the effect of government policies on the financing decisions of firms in China. A real options model is developed to understand how fiscal and monetary policies affect corporate leverage.The model predictions will be tested with a comprehensive panel data set spanning from 2002 to 2011.This work documents robust evidence that show the positive association of both tax and risk-free rate with firm leverage:increase in tax rate and risk free rate by one standard deviation results in the increase in corporate leverages by 0.61 to 1.06 percent and 2.54 to 3.68 percent,respectively.In addition,the productions of the firms are not affected by the tax rate in the short run,and the firms are operating in their optimal market leverage.The implied tax rate and risk free rate are solved by assuming that the firms achieve their optimal leverages.The implied tax rate declines with the size, whereas the opposite goes for implied risk-free rate.     

R ＆ D STRATEGIC INVESTMENT IN AN ASYMMETRICAL CASE

This article analyzes R ＆ D investment decisions in an asymmetrical case. The investment decisions share three important characteristics. First, the investment is completely irreversible. Second, there are two kinds of uncertainties over the future returns from the investment and over technology in R ＆ D process, respectively. Third, there is strategic competition in the asymmetrical case. This article presents the optimal investment threshold values and the optimal investment rule of high-efficient firm （leader）, and shows that the investment threshold values are reduced by competition of two firms. Finally, the mixed investment strategies for two firms, the probability that each firm separately exercises the option to invest, and the probability that two firms simultaneously exercise the option are given in the paper.     

A Multi-Agent Based Equipment Bidding System on the Web

This paper puts forward a new framework of multi-agent based equipment bidding system on the Web (MAEBSW). The purpose of the paper is to make the process of enterprise equipment bidding, especially the decision process of enterprise equipment bidding, more intelligent. The system discussed in this paper is an efficient method for the enterprises doing business electronically. We also present our opinion of the approaches to defining agents. We emphasize the importance of agent being able to provide explanation about its behavior for the user or other agents. Based on this opinion we design a new common architecture of most agents in MAEBSW.     

COMPETITIVE INVESTMENT STRATEGIES IN ADOPTION OF NEW TECHNOLOGY WITH A FURTHER NEW TECHNOLOGY ANTICIPATED

In dynamic uncertain environments, the investment timing of the firm about adopting the existing new technology is influenced by the rival's actions and technological progress. This paper employs option games approach to present a simplified duopoly continuous time model of technology adoption. In the model, the irreversible investment in adoption of the existing new technology is in strategic competitive circumstances and facing the threat of a further new technology after the competition setting is established. The purpose of the paper is to examine the effect of technological displacement on firms' strategic investment. The results show that rapid displacement of the technology encourages the leader's investment and discourages the follower's investment. Comparing with the optimal timing without the expectation of a further new technology, the firm hastens to invest when no firm has invested; however, once one firm has invested first, the firm will delay its investment. Using mixed strategy analysis,     

GOODNESS-OF-FIT TEST WITH GENETIC BACKGROUND

The chi-square test is a well-known goodness-of-fit test. It is available for arbitrary alternative hypothesis, particularly for a very general alternative. However, when the alternative is a “one-sided” hypothesis, which usually appears in genetic linkage analysis, the chi-square test does not use the information offered by the one-sided hypothesis.Therefore, it is possible that an appropriate one-sided test, which uses the information,will be better than the chi-square test. This paper gives such an efficient one-sided test.Monte Carlo simulation results show that it is more powerful than the chi-square test, and its power has been increased by 30 percent as compared with that of the chi-square test in most situations.     

Distributed Solving Linear Algebraic Equations with Switched Fractional Order Dynamics

This paper proposes a novel distributed optimization algorithm with fractional order dynamics to solve linear algebraic equations. Firstly, the authors proposed “Consensus + Projection” flow with fractional order dynamics, which has more design freedom and the potential to obtain a better convergent performance than that of conventional first order algorithms. Moreover, the authors prove that the proposed algorithm is convergent under certain iteration order and step-size. Furthermore,the author...     

Feasibility of a novel beamforming algorithm via retrieving spatial harmonics

This paper introduces an algorithm for beamforming systems by the aid of multidimensional harmonic retrieval(MHR).This algorithm resolves problems,removes limitations of sampling and provides a more robust beamformer.A new sample space is created that can be used for estimating weights of a new beamforming called spatial-harmonics retrieval beamformer(SHRB).Simulation results show that SHRB has a better performance,accuracy,and applicability and more powerful eigenvalues than conventional beamformers.A simple mathematical proof is provided.By changing the number of harmonics,as a degree of freedom that is missing in conventional beamformers,SHRB can achieve more optimal outputs without increasing the number of spatial or temporal samples.We will demonstrate that SHRB offers an improvement of 4 dB in signal to noise ratio(SNR) in bit error rate(BER) of 10~(-4) over conventional beamformers.In the case of direction of arrival(DOA) estimation,SHRB can estimate the DOA of the desired signal with an SNR of-25 dB,when conventional methods cannot have acceptable response.     

Fuzzy, Multi-hierarchic and Synthetic Evaluation of Strategic Cost Management Performance

In this paper through the comprehensive analysis of the factors of enterprises‘SCM performance, the target system of enterprises‘ SCM performance evaluation is established and the method of fuzzy multiple comprehensive evaluation is proposed. This method converts the complicated problems of SCM into a quantitative evaluation target by using fuzzy synthetic operation so that it can evaluate enterprises‘ SCM performance more scientifically and guide enterprises‘ SCM to work well.