Search results for "Icing"
showing 10 items of 491 documents
Weibull Model for Dynamic Pricing in e-Business
2011
As is the case with traditional markets, the sellers on the Internet do not usually know the demand functions of their customers. However, in such a digital environment, a seller can experiment different prices in order to maximize his profits. In this paper, we develop a dynamic pricing model to solve the pricing problem of a Web-store, where seller sets a fixed price and buyer either accepts or doesn’t buy. Frequent price changes occur due to current market conditions. The model is based on the two-parameter Weibull distribution (indexed by scale and shape parameters), which is used as the underlying distribution of a random variable X representing the amount of revenue received in the sp…
Marked systems and circular splicing
2007
Splicing systems are generative devices of formal languages, introduced by Head in 1987 to model biological phenomena on linear and circular DNA molecules. In this paper we introduce a special class of finite circular splicing systems named marked systems. We prove that a marked system S generates a regular circular language if and only if S satisfies a special (decidable) property. As a consequence, we show that we can decide whether a regular circular language is generated by a marked system and we characterize the structure of these regular circular languages.
Discrete wavelet transform based multispectral filter array demosaicking
2013
International audience; The idea of colour filter array may be adapted to multi-spectral image acquisition by integrating more filter types into the array, and developing associated demosaicking algorithms. Several methods employing discrete wavelet transform (DWT) have been proposed for CFA demosaicking. In this work, we put forward an extended use of DWT for mul-tispectral filter array demosaicking. The extension seemed straightforward, however we observed striking results. This work contributes to better understanding of the issue by demonstrating that spectral correlation and spatial resolution of the images exerts a crucial influence on the performance of DWT based demosaicking.
High Order Compact Finite Difference Schemes for A Nonlinear Black-Scholes Equation
2001
A nonlinear Black-Scholes equation which models transaction costs arising in the hedging of portfolios is discretized semi-implicitly using high order compact finite difference schemes. A new compact scheme, generalizing the compact schemes of Rigal [29], is derived and proved to be unconditionally stable and non-oscillatory. The numerical results are compared to standard finite difference schemes. It turns out that the compact schemes have very satisfying stability and non-oscillatory properties and are generally more efficient than the considered classical schemes.
Home energy management system : a home energy management system under different electricity pricing mechanisms
2014
Masteroppgave i fornybar energi ENE 500 Universitetet i Agder 2014 Peak demand is a severe problem in the electricity grid and it was solved by supply side management in the past. But nowadays the demand side management sources have drawn attention due to the economic and environmental constraints. Demand side management in the domestic sector can play an important role in reducing the peak demand on the power system network. It can help in reducing stress and overloading on the transmission and distribution lines. In many countries there are various demand response programs implemented for industrial and commercial loads. In these programs load control is primarily achieved by various type…
Proactive maintenance of offshore wind turbine blades using knowledge-based force analysis
2013
The operation and maintenance (O&M) costs of wind turbines constitute approximately 10-15% of the lifecycle cost in onshore installations and up to 30% in offshore installations. The O&M costs for offshore wind power plants are higher than the onshore ones due to greater logistical challenges of maintaining and servicing, and the less mature state of offshore wind energy technology. Wind turbine blades suffer from various faults, for example, blade angle asymmetry, icing, and bends. These faults may cause wind turbines to a standstill. Replacement of rotor blades will normally result in a long downtime since the replacement process involves heavy transportation (vessel, crane) and dependenc…
Combinatorial Double Auction Radio Resource Allocation Model in Crowd Networks
2018
International audience; Industrial Partners (IPs) with Mobile Network Operators (MNOs) are extending the mobile network infrastructure with Small Cells (SCs) in order to meet the growing mobile traffic demand. Due to the increasing number of telecommunication market competitors and the scarcity of radio resources, static sharing schemes are no more efficient. New dynamic schemes should be considered to meet both user expectations and economic success. In a crowd networking context, we propose in this work a dynamic radio resource scheme based on combinatorial double auctions. The participants in these auctions are the MNOs considered as buyers and the IPs, providers of SCs, considered as se…
Why Is It So Difficult to Uncover the Risk-Return Tradeoff in Stock Returns?
2006
The low power of the standard Wald test in a GARCH-in-Mean model with an unnecessary intercept is shown to explain the apparent absence of a risk-return tradeoff in stocks. The importance of this finding is illustrated with monthly U.S. data. (c) 2006 Elsevier B.V. All rights reserved.
Pricing the Option to Surrender in Incomplete Markets
2010
New international accounting standards require insurers to reflect the value of embedded options and guarantees in their products. Pricing techniques based on the Black and Scholes paradigm are often used; however, the hypotheses underneath this model are rarely met. We propose a framework that encompasses the most known sources of incompleteness. We show that the surrender option, joined with a wide range of claims embedded in insurance contracts, can be priced through our tool, and deliver hedging portfolios to mitigate the risk arising from their positions. We provide extensive empirical analysis to highlight the effect of incompleteness on the fair value of the option.
Model Based Monte Carlo Pricing of Energy and Temperature Quanto Options
2010
Weather derivatives have become very popular tools in weather risk management in recent years. One of the elements supporting their diffusion has been the increase in volatility observed on many energy markets. Among the several available contracts, Quanto options are now becoming very popular for a simple reason: they take into account the strong correlation between energy consumption and certain weather conditions, so enabling price and weather risk to be controlled at the same time. These products are more efficient and, in many cases, significantly cheaper than simpler plain vanilla options. Unfortunately, the specific features of energy and weather time series do not enable the use of …