Stochastic grid bundling method for backward stochastic differential equations

ABSTRACT

In this work, we apply the Stochastic Grid Bundling Method (SGBM) to numerically solve backward stochastic differential equations (BSDEs). The SGBM algorithm is based on conditional expectations approximation by means of bundling of Monte Carlo sample paths and a local regress-later regression within each bundle. The basic algorithm for solving the backward stochastic differential equations will be introduced and an upper error bound is established for the local regression. A full error analysis is also conducted for the explicit version of our algorithm and numerical experiments are performed to demonstrate various properties of our algorithm.     

Creating an Holistic Emergency Alert Management Platform

ABSTRACT

Extreme natural events require effective emergency procedures to minimize adverse effects on a region’s population and economy. Such procedures typically involve the effort of several different teams of first responders (e.g., fire fighters, public administrations, police departments, utility companies), hence coordination is fundamental to the effectiveness of the response to the emergency that must be supported with adequate infrastructures. Nonetheless, first responders often rely on manual processes, in the life cycle of extreme events, which do not change consistently with the type of shock or affected population. The aim of this paper is to present a technology transfer process to improve both the emergency alert process and the knowledge of disaster-type safety procedures through the implementation of a proposed platform. We also highlight a pilot application on a post-disaster case study—the province of L’Aquila (Abruzzi) in Italy.     

The price-setting newsvendor: review and extensions

The newsvendor problem is a staple of operations management research, pedagogy and practice. From its humble roots as a single-period problem for a price-taking newspaper seller, this problem (and its solutions) has inspired generations of researchers and students while contributing to inventory management at countless firms. One major extension of the newsvendor problem was the extension of the decision variables to include price as well as quantity. This extension has been known for decades, but recently gained new life, as researchers have expended considerable energy in analysing and exploring this scenario. We trace major developments in the single-period, price- and quantity-setting newsvendor problem in the recent past and propose extensions of these developments. We also extend a relatively unexplored model describing a price-setting newsvendor faced with a fixed stock level to show that there is a unique optimising price and that, as in the price- and quantity-setting newsvendor problem, the optimal price depends heavily on the form of the demand uncertainty.     

Research on corrosion performance of 6061 aluminum alloy in salt spray environment

Salt spray corrosion test was carried out on 6061 aluminum alloy, and quasi-static tensile test at room temperature was carried out on the sample with universal testing machine. The effect of salt spray corrosion on the mechanical properties of 6061 aluminum alloy was studied by scanning electron microscope (SEM), energy dispersive spectrometer (EDS) and electrochemistry. The corrosion rate of 6061 aluminum alloy was quantitatively characterized by different corrosion parameters. It was found that local corrosion of 6061 aluminum alloy occurred in salt spray environment, mainly pitting corrosion and intergranular corrosion. With the increase of corrosion time, the polarization resistance of 6061 aluminum alloy decreases, and the corrosion rate significantly increases. The average corrosion rate and the maximum corrosion rate of 6061 aluminum alloy were characterized by corrosion weight loss and corrosion pit depth. And they can be transformed into each other. The mechanical properties of 6061 aluminum alloy were mainly affected by the depth of corrosion pit. With the increase of corrosion time, the tensile strength and fracture strain decreased, resulting in poor plasticity of the sample. At the same time, the change of elongation of 6061 aluminum alloy can be accurately predicted by the depth of corrosion pit.     

Rheological Properties and Characteristics of Hydraulic Transportation and Heat-Mass Exchange of Coal-Water Fuels

The procedure is proposed for calculating the characteristics of flow and heat exchange of coal-water fuels as applied to the pipeline hydraulic transport and heat-mass exchange in the apparatus of ecologically clean combustion in the objects of power engineering.     

Universitärer Forschungscluster „Sustainable Technologies in Metal Production and Processing” (STMP)

Foundation of a university research cluster — Co-operation along the value creation chain from raw materials to components — Evidence of joint performance offers — Utilization of synergies — Integration of Christian Doppler Laboratories — Flexible arrangement of co-operations and networks     

用氮气和戊基黄药浮选时黄铁矿的低电位疏水状态

为了解释和查明N2TEC浮选法的基本原理，本文报道了在用戊基钾黄药(PAX)作捕收剂时，黄铁矿的低电位疏水状态的研究成果。新制定的N2TEC浮选法的目的是提高难处理含金硫化矿金回收率。在典型的N2TEC浮选法中，用氮气代替空气作为浮选气体，戊基钾黄药作为评选含金黄铁矿颗粒的捕收剂。l997年3月，第一个N2TEC浮选工艺在内华达州Lone Tree矿山浮选厂投产，一直操作至今。根据电化学校制接触角测量结果，研究了黄铁矿的低电位、低pH疏水状态与浮选变量(pH、气相组成、捕收剂浓度和黄铁矿电位)之间的关系。