Narrow Results

This work explores the use of the Higuchi fractal dimension (HFD) to characterize the complexity of the Standard and Poor’s (S&P) Index for the period from 1928 to 2023. It is found that the fractal dimension is not constant but exhibits large time fluctuations. In line with adaptive market hypothesis notions, such a feature can be seen as the response of the stock market to a complex and changing environment formed by a diversity of participants and exogenous shocks. The concept of fractal dimension was extended to consider scale dependence and multifractality. It is shown that the fractality dimension approaches an integer value when the time scale increases, which reflects smoother price fluctuation profiles. It was also shown that the multifractal HFD exhibits large fluctuations for scales of weeks, months, and quarters, which can be linked to the seasonal periods of the operation of the stock market. The impact of salient events was also assessed. It was found that the 1987 and 2008 market crashes had the highest effect on the multifractal HFD, suggesting that these events involved multiple factors. Overall, the results in the present work showed that the fractal dimension tools and notions provide a useful and complementary framework for characterizing the behavior of financial indices.

Nanopore structure and its multiscale feature significantly affect the shale-gas permeability. This paper employs fractal theory to build a shale-gas permeability model, particularly considering the effects of multiscale flow within a multiscale pore space. Contrary to previous studies which assume a bundle of capillary tubes with equal size, in this research, this model reflects various flow regimes that occur in multiscale pores and takes the measured pore-size distribution into account. The flow regime within different scales is individually determined by the Knudsen number. The gas permeability is an integral value of individual permeabilities contributed from pores of different scales. Through comparing the results of five shale samples, it is confirmed that the gas permeability varies with the pore-size distribution of the samples, even though their intrinsic permeabilities are the same. Due to consideration of multiscale flow, the change of gas permeability with pore pressure becomes more complex. Consequently, it is necessary to cover the effects of multiscale flow while determining shale-gas permeability.

This work extends our earlier two-domain formulation of a differential geometry based multiscale paradigm into a multidomain theory, which endows us the ability to simultaneously accommodate multiphysical descriptions of aqueous chemical, physical and biological systems, such as fuel cells, solar cells, nanofluidics, ion channels, viruses, RNA polymerases, molecular motors, and large macromolecular complexes. The essential idea is to make use of the differential geometry theory of surfaces as a natural means to geometrically separate the macroscopic domain of solvent from the microscopic domain of solute, and dynamically couple continuum and discrete descriptions. Our main strategy is to construct energy functionals to put on an equal footing of multiphysics, including polar (i.e. electrostatic) solvation, non-polar solvation, chemical potential, quantum mechanics, fluid mechanics, molecular mechanics, coarse grained dynamics, and elastic dynamics. The variational principle is applied to the energy functionals to derive desirable governing equations, such as multidomain Laplace–Beltrami (LB) equations for macromolecular morphologies, multidomain Poisson–Boltzmann (PB) equation or Poisson equation for electrostatic potential, generalized Nernst–Planck (NP) equations for the dynamics of charged solvent species, generalized Navier–Stokes (NS) equation for fluid dynamics, generalized Newton's equations for molecular dynamics (MD) or coarse-grained dynamics and equation of motion for elastic dynamics. Unlike the classical PB equation, our PB equation is an integral-differential equation due to solvent–solute interactions. To illustrate the proposed formalism, we have explicitly constructed three models, a multidomain solvation model, a multidomain charge transport model and a multidomain chemo-electro-fluid-MD-elastic model. Each solute domain is equipped with distinct surface tension, pressure, dielectric function, and charge density distribution. In addition to long-range Coulombic interactions, various non-electrostatic solvent–solute interactions are considered in the present modeling. We demonstrate the consistency between the non-equilibrium charge transport model and the equilibrium solvation model by showing the systematical reduction of the former to the latter at equilibrium. This paper also offers a brief review of the field.