U.S. Trade in Information-Intensive Services

Trade in services has increased significantly and the United States has been a leader in services trade. The U.S. not only accounts for the largest share of world trade in private services but also runs a substantial amount of surplus in services trade. One important trend has been the rapid growth of U.S. trade in information-intensive services. This paper examines the growth and patterns in U.S. exports and imports of various information-intensive services. The analysis indicates that trade in business, professional, and technical services; financial services; and insurance has experienced the most rapid growth in recent times. This paper further discusses some of the intuitively plausible explanations for the growth of trade in information-intensive services.

Semi-steady-state Jaya Algorithm

The Jaya algorithm is arguably one of the fastest-emerging metaheuristics amongst the newest members of the evolutionary computation family. The present paper proposes a new, improved Jaya algorithm by modifying the update strategies of the best and the worst members in the population. Simulation results on a twelve-function benchmark test-suite as well as a real-world problem of practical importance show that the proposed strategy produces results that are better and faster in the majority of cases. Statistical tests of significance are used to validate the performance improvement

Proton exchange membrane fuel cell stack design optimization using an improved Jaya algorithm

Fuel cell stack configuration optimization is known to be a problem that, in addition to presenting engineering challenges, is computationally hard. This paper presents an improved computational heuristic for solving the problem. The problem addressed in this paper is one of constrained optimization, where the goal is to seek optimal (or near-optimal) values of (i) the number of proton exchange membrane fuel cells (PEMFCs) to be connected in series to form a group, (ii) the number of such groups to be connected in parallel, and (iii) the cell area, such that the PEMFC assembly delivers the rated voltage at the rated power while the cost of building the assembly is as low as possible. Simulation results show that the proposed method outperforms four of the best-known methods in the literature. The improvement in performance afforded by the proposed algorithm is validated with statistical tests of significance