Carbon membranes have great advantages of strong mechanical strength and high chemical stabilities, as well as high separation performance to reach the industrial attractive region. Further improvement on membrane performance can potentially offset the relatively high production cost compared to polymeric membranes. However, there are still some challenges related to fabrication of asymmetric carbon membranes, the controlling of structure and pore-size and module up-scaling for commercial application. The aim of this book is to provide the fundamentals on carbon membrane materials for the young researchers and engineers to develop frontier membrane materials for energy efficient separation process. This book describes the status and perspectives of both self-supported and supported carbon membranes from fundamentals to applications. The key steps on the development of high performance carbon membranes including precursor selection, tuning carbon membrane structure and regeneration are discussed. In the end, different potential applications both in gas and liquids separation are well described, and the future directions for carbon membrane development were pointed out. To this end, membrane science and engineering are set to play crucial roles as enabling technologies to provide energy efficient and cost-effective future solutions for energy and environment related processes. Based on this approach the research projects which are trying to find attractive carbon materials in our days are many. The published papers, per year, in the topic of carbon membranes, especially for biogas upgrading, natural gas sweetening and hydrogen purification, are numerous with very high impact. However, only few are the books which include relevant to the topic of carbon membrane technology. This book offers the condensed and interdisciplinary knowledge on carbon membranes, and provides the opportunity to the scientists who are working in the field of carbon membrane technology for gas and liquid separations to present, share, and discuss their contributions within the membrane community.

Carbon membranes have great advantages of strong mechanical strength and high chemical stabilities, as well as high separation performance to reach the industrial attractive region. Further improvement on membrane performance can potentially offset the relatively high production cost compared to polymeric membranes. However, there are still some challenges related to fabrication of asymmetric carbon membranes, the controlling of structure and pore-size and module up-scaling for commercial application. The aim of this book is to provide the fundamentals on carbon membrane materials for the young researchers and engineers to develop frontier membrane materials for energy efficient separation process. This book describes the status and perspectives of both self-supported and supported carbon membranes from fundamentals to applications. The key steps on the development of high performance carbon membranes including precursor selection, tuning carbon membrane structure and regeneration are discussed. In the end, different potential applications both in gas and liquids separation are well described, and the future directions for carbon membrane development were pointed out. To this end, membrane science and engineering are set to play crucial roles as enabling technologies to provide energy efficient and cost-effective future solutions for energy and environment related processes. Based on this approach the research projects which are trying to find attractive carbon materials in our days are many. The published papers, per year, in the topic of carbon membranes, especially for biogas upgrading, natural gas sweetening and hydrogen purification, are numerous with very high impact. However, only few are the books which include relevant to the topic of carbon membrane technology. This book offers the condensed and interdisciplinary knowledge on carbon membranes, and provides the opportunity to the scientists who are working in the field of carbon membrane technology for gas and liquid separations to present, share, and discuss their contributions within the membrane community.

The book presents applications of stochastic calculus to derivative security pricing and interest rate modelling. By focusing more on the financial intuition of the applications rather than the mathematical formalities, the book provides the essential knowledge and understanding of fundamental concepts of stochastic finance, and how to implement them to develop pricing models for derivatives as well as to model spot and forward interest rates. Furthermore an extensive overview of the associated literature is presented and its relevance and applicability are discussed. Most of the key concepts are covered including Ito's Lemma, martingales, Girsanov's theorem, Brownian motion, jump processes, stochastic volatility, American feature and binomial trees. The book is beneficial to higher-degree research students, academics and practitioners as it provides the elementary theoretical tools to apply the techniques of stochastic finance in research or industrial problems in the field.

This book reflects the state of the art on nonlinear economic dynamics, financial market modelling and quantitative finance. It contains eighteen papers with topics ranging from disequilibrium macroeconomics, monetary dynamics, monopoly, financial market and limit order market models with boundedly rational heterogeneous agents to estimation, time series modelling and empirical analysis and from risk management of interest-rate products, futures price volatility and American option pricing with stochastic volatility to evaluation of risk and derivatives of electricity market. The book illustrates some of the most recent research tools in these areas and will be of interest to economists working in economic dynamics and financial market modelling, to mathematicians who are interested in applying complexity theory to economics and finance and to market practitioners and researchers in quantitative finance interested in limit order, futures and electricity market modelling, derivative pricing and risk management.

The book presents applications of stochastic calculus to derivative security pricing and interest rate modelling. By focusing more on the financial intuition of the applications rather than the mathematical formalities, the book provides the essential knowledge and understanding of fundamental concepts of stochastic finance, and how to implement them to develop pricing models for derivatives as well as to model spot and forward interest rates. Furthermore an extensive overview of the associated literature is presented and its relevance and applicability are discussed. Most of the key concepts are covered including Ito's Lemma, martingales, Girsanov's theorem, Brownian motion, jump processes, stochastic volatility, American feature and binomial trees. The book is beneficial to higher-degree research students, academics and practitioners as it provides the elementary theoretical tools to apply the techniques of stochastic finance in research or industrial problems in the field.

This book reflects the state of the art on nonlinear economic dynamics, financial market modelling and quantitative finance. It contains eighteen papers with topics ranging from disequilibrium macroeconomics, monetary dynamics, monopoly, financial market and limit order market models with boundedly rational heterogeneous agents to estimation, time series modelling and empirical analysis and from risk management of interest-rate products, futures price volatility and American option pricing with stochastic volatility to evaluation of risk and derivatives of electricity market. The book illustrates some of the most recent research tools in these areas and will be of interest to economists working in economic dynamics and financial market modelling, to mathematicians who are interested in applying complexity theory to economics and finance and to market practitioners and researchers in quantitative finance interested in limit order, futures and electricity market modelling, derivative pricing and risk management.