Although the concept of entropy is originated from thermodynamics, its concepts and relevant principles, especially the principles of maximum entropy and minimum cross-entropy, have been extensively applied in finance. In this paper, we review the concepts and principles of entropy, as well as their applications in the field of finance, especially in portfolio selection and asset pricing. Furth...

The entropy generation analysis of non-Newtonian fluid in rotational flow between two concentric cylinders is examined when the outer cylinder is fixed and the inner cylinder is revolved with a constant angular speed. The viscosity of non-Newtonian fluid is considered at the same time interdependent on temperature and shear rate. The Nahme law and Carreau equation are used to modeling dependenc...

Selection of appropriate material is a crucial step in engineering design and manufacturing process. Without a systematic technique, many useful engineering materials may be ignored for selection. The category of multiple attribute decision-making (MADM) methods is an effective set of structured techniques. Having uncomplicated assumptions and mathematics, the MULTIMOORA method as an MADM appro...

Business cost is acknowledged as one of the priorities in SMEs research. In thisstudy, the business cost of SMEs in Shanghai was primarily measured using Factor-Entropy analysis method. The purpose of this study is to effectively resolve the issueof simplification and assignment evaluation index system on business costs of SMEsin Shanghai. However, this study uses factor analysis to interpret t...

flow in the first two-stage of v 94.2 gas turbine is simulated numerically. in this turbine, the second stator is clocked relative to the first stator to different positions. steady-state analysis was carried out by varying the circumferential relative position of the consecutive stator vanes to study the effects of the clocking on turbine performance. a density based compressible inviscid flow...

Entropy is a measure of the uncertainty associated with an uncertain variable. So far, entropy, quadratic entropy and sine entropy have been proposed for uncertain variables. This paper will propose a triangular entropy for uncertain variables, and verify its properties such as translation invariance and positive linearity.

In this paper, a local approach to the concept of Hudetz $g$-entropy is presented. The introduced concept is stated in terms of Hudetz $g$-entropy. This representation is based on the concept of $g$-ergodic decomposition which is a result of the Choquet's representation Theorem for compact convex metrizable subsets of locally convex spaces.

This paper provides a review on major ergodic features of semi-independent hyper MV {algebra dynamical systems. Theorems are presentedto make contribution to calculate the entropy. Particularly, it is proved that thetotal entropy of those semi-independent hyper MV {algebra dynamical systemsthat have a generator can be calculated with respect to their generator ratherthan considering all the par...