  In this paper, we study a strongly correlated quantum system that has become
amenable to experiment by the advent of ultracold bosonic atoms in optical
lattices, a chain of two different bosonic constituents. Excitations in this
system are first considered within the framework of bosonization and Luttinger
liquid theory which are applicable if the Luttinger liquid parameters are
determined numerically. The occurrence of a bosonic counterpart of fermionic
spin-charge separation is signalled by a characteristic two-peak structure in
the spectral functions found by dynamical DMRG in good agreement with
analytical predictions. Experimentally, single-particle excitations as probed
by spectral functions are currently not accessible in cold atoms. We therefore
consider the modifications needed for current experiments, namely the
investigation of the real-time evolution of density perturbations instead of
single particle excitations, a slight inequivalence between the two
intraspecies interactions in actual experiments, and the presence of a
confining trap potential. Using time-dependent DMRG we show that only
quantitative modifications occur. With an eye to the simulation of strongly
correlated quantum systems far from equilibrium we detect a strong dependence
of the time-evolution of entanglement entropy on the initial perturbation,
signalling limitations to current reasonings on entanglement growth in
many-body systems.
