Time Consistent Dynamic Risk Measures

We introduce the time-consistency concept that is inspired by the so-called “principle of optimality” of dynamic programming and demonstrate – via an example – that the conditional value-at-risk (CVaR) need not be time-consistent in a multi-stage case. Then, we give the formulation of the target-percentile risk measure which is time-consistent and hence more suitable in the multi-stage investment context. Finally, we also generalize the value-at-risk and CVaR to multi-stage risk measures based on the theory and structure of the target-percentile risk measure.     

A note on balance vertices in trees

The notion of balanced bipartitions of the vertices in a tree T was introduced and studied by Reid (Networks 34 (1999) 264). Reid proved that the set of balance vertices of a tree T consists of a single vertex or two adjacent vertices. In this note, we give a simple proof of that result.     

Lattice parameter and luminescence properties of europium activated yttrium oxide

Samples of yttrium oxide doped with trivalent europium have been prepared by ceramic techniques, under different synthesis conditions; barium chloride (BaCl₂) and sodium tetraborate (Na₂B₄O₇) were tested as flux. The improvement of luminescence properties in dependence on substitution of Eu³⁺ for Y³⁺ in the host lattice, under electron and UV excitations is demonstrated. The lattice parameter as a quantitative assessment of activator incorporation degree is proposed. The obtained results are discussed with respect to the employed processing method.     

On the coupled NBEM and FEM for a class of nonlinear exterior Dirichlet problem in R 2

In this paper, based on the natural boundary reduction advanced by Feng and Yu, we couple the finite element approach with the natural boundary element method to study the weak solvability and Galerkin approximation of a class of nonlinear exterior boundary value problems. The analysis is mainly based on the variational formulation with constraints. We prove the error estimate of the finite element solution and obtain the asymptotic rate of convergence. Finally, we also give a numerical example.

     

Metallization of U3O8via catalytic electrochemical reduction with Li2O in LiCl molten salt

The concept of a novel electrochemical reduction process for the treatment of spent nuclear fuels in Li₂O-LiCl molten salt was proposed and fresh tests using U₃O₈ powder were carried out to elucidate the reaction mechanism and verify the feasibility of the process. Electrolysis of Li₂O and reduction of U₃O₈ powder took place simultaneously at the cathode part of the electrolysis cell via a catalytic EC mechanism and the conversion of U₃O₈ to U metal was more than 99%. This revised version was published online in June 2006 with corrections to the Cover Date.     

Brightness and decay time of Zn2SiO4:Mn phosphor particles with spherical shape and fine size

Green-light-emitting Zn₂SiO₄:Mn phosphor particles were synthesized by modified large-scale spray pyrolysis using a colloidal solution containing fumed silica particles. The particles had a fine size, filled morphology, spherical shape and non-aggregation characteristics even after post-treatment at 1150 °C. The luminescence characteristics of Zn₂SiO₄:Mn phosphor particles having spherical shape, such as brightness and decay time under VUV excitation light, were investigated as a function of Mn content. The luminescence intensity exhibits a maximum at 5 mol% Mn-doped powder. The decay time increases consistently with decreasing Mn content and more saturated color coordinates are obtained with the composition having 12 mol% Mn. As a consequence, the 10 mol% Mn-doped powder proved to provide a good combination of favorable luminance and acceptable decay time. The influence of post-treatment temperature on the decay time and photoluminescence characteristics of Zn₂SiO₄:Mn particles was also investigated. Particles post-treated at 1155 °C had the maximum photoluminescence intensity, which was identical to 113% that of the commercial product, and a comparable decay time of 5.8 ms. PACS 81.20.Rg; 78. 55.Hx; 78.40.Ha; 81.05.Hd; 81.40.Tv     

系综分布和它的小涨落近似

由“从正则分布出发，在小涨落近似下得出的能量涨落分布公式”求得的能量涨落的二次矩与直接由正则分布求得的二次矩完全相同，但分别由二求得的高次矩并不完全相同。     

Preparation of enantiomerically pure (R)-2-butyryloxymethylglycidol by lipase-catalyzed asymmetric hydrolysis

Optically active epoxy alcohol, (R)-2-butyryloxymethylglycidol3 which is the precursor of a tert-alcohol chiral building block was obtained in high enantiomeric purity, 98.7% e.e., by lipase-catalyzed asymmetric hydrolysis using a phosphate buffer and organic co-solvent system in 95% of chemical yield.     

两步相移实现投影栅相位测量轮廓术

提出一种新的投影栅相位测量方法--两步相移法。该方法只需两幅相移条纹图，因此计算量小，速度快。给出了实验及计算结果，并同四步相移法进行了比较，证明了该方法具有较高的精度。