Search results for "Icing"
showing 10 items of 491 documents
Scenario optimization asset and liability modelling for individual investors
2006
We develop a scenario optimization model for asset and liability management of individual investors. The individual has a given level of initial wealth and a target goal to be reached within some time horizon. The individual must determine an asset allocation strategy so that the portfolio growth rate will be sufficient to reach the target. A scenario optimization model is formulated which maximizes the upside potential of the portfolio, with limits on the downside risk. Both upside and downside are measured vis- `a-vis the goal. The stochastic behavior of asset returns is captured through bootstrap simulation, and the simulation is embedded in the model to determine the optimal portfolio. …
Design, construction and commissioning of the Braunschweig Icing Wind Tunnel
2018
Beyond its physical importance in both fundamental and climate research, atmospheric icing is considered as a severe operational condition in many engineering applications like aviation, electrical power transmission and wind-energy production. To reproduce such icing conditions in a laboratory environment, icing wind tunnels are frequently used. In this paper, a comprehensive overview on the design, construction and commissioning of the Braunschweig Icing Wind Tunnel is given. The tunnel features a test section of 0.5 m × 0.5 m with peak velocities of up to 40 m s−1. The static air temperature ranges from −25 to +30 °C. Supercooled droplet icing with liquid water contents up to 3 g m−3 c…
Multitemporal Mosaicing for Sentinel-3/FLEX Derived Level-2 Product Composites
2020
The increasing availability of remote sensing data raises important challenges in terms of operational data provision and spatial coverage for conducting global studies and analyses. In this regard, existing multitemporal mosaicing techniques are generally limited to producing spectral image composites without considering the particular features of higher-level biophysical and other derived products, such as those provided by the Sentinel-3 (S3) and Fluorescence Explorer (FLEX) tandem missions. To relieve these limitations, this article proposes a novel multitemporal mosaicing algorithm specially designed for operational S3-derived products and also studies its applicability within the FLEX…
A Comprehensive Spatiotemporal Framework for Hedonic Pricing: Integrating the Comparable Sales Approach and Minimizing Spatial Omitted Variable Bias
2019
This paper develops a theoretical and methodological framework that integrates Hedonic Pricing (HP), grid comparable sales approach (CSA), and nearest neighbors into a general spatiotemporal specification. By explicitly providing a theoretical justification for introducing spatial (or spatiotemporal) econometrics to HP, this approach is not only relevant to house price forecasting and automated valuation models (AVM) but also to valuing environmental goods capitalized in housing and to all other fields employing house pricing models. The resulting econometric CSA and spatiotemporal Durbin models provide higher prediction accuracy and reliability to alternatives by reducing the spatially-del…
In light of the ends. Copyright hysteresis and private copy exception after the British Academy of Songwriters, Composers and Authors (BASCA) and oth…
2015
In British Academy of Songwriters, Composers and Authors (BASCA) and others v Secretary of State for Business, Innovation and Skills, the High Court of Justice in matter of private copy exception provides the twofold prime opportunity to shed light on the state of the art of copyright in the UK and to flesh out the idea of 'legal hysteresis’. I support the reintroduction of the private copy exception, possibly in a less narrow fashion, and I explain the reasons why I am confident that my expectations will be fulfilled.
The pricing capability lifecycle of digital innovations
2021
The pricing capability provides a basis for firms’ competitive advantage. However, to date, the literature has not investigated how this capability forms, develops, and matures. In this study, we define the pricing capability as a dynamic capability consisting of three operational building blocks (tools and data, human and relational resources, and processes, routines, and mechanisms) as well as two dynamic capability building blocks (alertness and responsiveness, and value-based strategic thinking). Furthermore, we propose the pricing capability lifecycle of digital innovations that incorporates insights of the dynamic capabilities view (DCV). Based on a longitudinal multi-case study of fi…
Impacts of electricity pricing on techno-economic performance of photovoltaic-battery centered microgrid
2021
The energy management technique in a microgrid, plays very crucial role for making it more economic viable during the electricity energy pricing dynamics. It is vital to investigate the impact of e...
Decentralized on-site optimization of a battery storage system using one-way communication
2015
Intermittent renewable energy sources (e.g. wind, solar energy systems) have been providing an exponentially growing share of electricity generation. Due to their highly transient and stochastic nature, they pose substantial challenges for power grid operation. Power dispatched from these sources are uncontrolled and do not necessarily coincide with demand; this in turn affects power quality. Hence, extensive demand side management (DSM) is required. DSM relies on flexible loads as well as energy storage facilities. Furthermore, renewable power generation is by its very nature highly distributed and consists of large numbers of small units. These have a substantial effect on traditional pow…
On the Irrelevance of Expected Stock Returns in the Pricing of Options in the Binomial Model: A Pedagogical Note
2005
The option pricing theory is now either a standard or a main part of many financial courses on both intermediate and advanced levels. All the textbooks that include the option pricing theory present a detailed treatment of the binomial model. However, the binomial model, although quite simple and intuitive in appearance, is rather tricky when it comes to its practical implementations and applications. In fact, it is amazing that the students often get totally confused when it finally comes to the issue of the choice of the parameters of the binomial model. The reason for all this confusion lies in the fact that all the textbooks emphasize the irrelevance of the binomial option price from th…
Activation of cGMP-dependent Protein Kinase Iβ Inhibits Interleukin 2 Release and Proliferation of T Cell Receptor-stimulated Human Peripheral T Cells
2000
Several major functions of type I cGMP-dependent protein kinase (cGK I) have been established in smooth muscle cells, platelets, endothelial cells, and cardiac myocytes. Here we demonstrate that cGK Ibeta is endogenously expressed in freshly purified human peripheral blood T lymphocytes and inhibits their proliferation and interleukin 2 release. Incubation of human T cells with the NO donor, sodium nitroprusside, or the membrane-permeant cGMP analogs PET-cGMP and 8-pCPT-cGMP, activated cGK I and produced (i) a distinct pattern of phosphorylation of vasodilator-stimulated phosphoprotein, (ii) stimulation of the mitogen-activated protein kinases ERK1/2 and p38 kinase, and, upon anti-CD3 stimu…