Bond pricing under a Markovian regime-switching jump-augmented Vasicek model via stochastic flows

In this article, we shall explore the state of art of stochastic flows to derive an exponential affine form of the bond price when the short rate process is governed by a Markovian regime-switching jump-diffusion version of the Vasicek model. We provide the flexibility that the market parameters, including the mean-reversion level, the volatility rate and the intensity of the jump component switch over time according to a continuous-time, finite-state Markov chain. The states of the chain may be interpreted as different states of an economy or different stages of a business cycle. We shall provide a representation for the exponential affine form of the bond price in terms of fundamental matrix solutions of linear matrix differential equations.     

A Construction of Almost Steiner Systems

Let n, k, and t be integers satisfying . A Steiner system with parameters t, k, and n is a k‐uniform hypergraph on n vertices in which every set of t distinct vertices is contained in exactly one edge. An outstanding problem in Design Theory is to determine whether a nontrivial Steiner system exists for . In this note we prove that for every and sufficiently large n, there exists an almost Steiner system with parameters t, k, and n; that is, there exists a k‐uniform hypergraph on n vertices such that every set of t distinct vertices is covered by either one or two edges.     

Asymptotics in percolation on high‐girth expanders

We consider supercritical bond percolation on a family of high‐girth ‐regular expanders. The previous study of Alon, Benjamini and Stacey established that its critical probability for the appearance of a linear‐sized (“giant”) component is . Our main result recovers the sharp asymptotics of the size and degree distribution of the vertices in the giant and its 2‐core at any . It was further shown in the previous study that the second largest component, at any , has size at most for some . We show that, unlike the situation in the classical Erd?s‐Rényi random graph, the second largest component in bond percolation on a regular expander, even with an arbitrarily large girth, can have size for arbitrarily close to 1. Moreover, as a by‐product of that construction, we answer negatively a question of Benjamini on the relation between the diameter of a component in percolation on expanders and the existence of a giant component. Finally, we establish other typical features of the giant component, for example, the existence of a linear path.     

The Number of Edge Colorings with no Monochromatic Cliques

Let F(n,r,k) denote the maximum possible number of distinctedge-colorings of a simple graph on n vertices with r colorswhich contain no monochromatic copy of K_k. It is shown thatfor every fixed k and all n>n₀(k), and , where t_k–1(n)is the maximum possible number of edges of a graph on n verticeswith no K_k (determined by Turán's theorem). The caser=2 settles an old conjecture of Erds and Rothschild, whichwas also independently raised later by Yuster. On the otherhand, for every fixed r>3 and k>2, the function F(n,r,k)is exponentially bigger than . The proofs are based on Szemerédi's regularity lemmatogether with some additional tools in extremal graph theory,and provide one of the rare examples of a precise result provedby applying this lemma.     

Nonexistence of abelian difference sets: Lander's conjecture for prime power orders

In 1963 Ryser conjectured that there are no circulant Hadamard matrices of order 4$"> and no cyclic difference sets whose order is not coprime to the group order. These conjectures are special cases of Lander's conjecture which asserts that there is no abelian group with a cyclic Sylow -subgroup containing a difference set of order divisible by . We verify Lander's conjecture for all difference sets whose order is a power of a prime greater than 3.

     

Kurdyka–Łojasiewicz Exponent via Inf-projection

Foundations of Computational Mathematics - Kurdyka–Łojasiewicz (KL) exponent plays an important role in estimating the convergence rate of many contemporary first-order methods. In...     

Heat transfer for diode side-pumped YAG slabs

Thermal heating is a major limiting factor in scaling the average power of a solid-state laser. The heat transfer coefficient is affected by the coolant flow rate, the physical properties of the laser slab and the coolant, and the pumping cavity geometry. The relationship between the heating effects and the heat transfer coefficient has been studied by considering the variations of thermal conductivity and expansion coefficient of the laser slab with temperature. It is concluded that different heat transfer coefficients should be adopted according to different heat intensities inside the laser slabs in order to obtain better pumping input as well as to optimize the cooling effects.     

A Construction of Partial Difference Sets in {\mathbb{Z}}_{p^{2 \times } } {\mathbb{Z}}_{p^{2 \times \cdot \cdot \cdot \times } } {\mathbb{Z}}_{p^2 }

In this paper, we give a construction of partial difference sets in _p ² x _p ² x ... x _p ²using some finite local rings.Dedicated to Hanfried Lenz on the occasion of his 80th birthdayThe work of this paper was done when the authors visited the University of Hong Kong.     

Stimulated luminescence emission from localized recombination in randomly distributed defects

We present a new kinetic model describing localized electronic recombination through the excited state of the donor (d) to an acceptor (a) centre in luminescent materials. In contrast to the existing models based on the localized transition model (LTM) of Halperin and Braner (1960 Phys. Rev. 117 408-15) which assumes a fixed d?→?a tunnelling probability for the entire crystal, our model is based on nearest-neighbour recombination within randomly distributed centres. Such a random distribution can occur through the entire volume or within the defect complexes of the dosimeter, and implies that the tunnelling probability varies with the donor-acceptor (d-a) separation distance. We first develop an 'exact kinetic model' that incorporates this variation in tunnelling probabilities, and evolves both in spatial as well as temporal domains. We then develop a simplified one-dimensional, semi-analytical model that evolves only in the temporal domain. An excellent agreement is observed between thermally and optically stimulated luminescence (TL and OSL) results produced from the two models. In comparison to the first-order kinetic behaviour of the LTM of Halperin and Braner (1960 Phys. Rev. 117 408-15), our model results in a highly asymmetric TL peak; this peak can be understood to derive from a continuum of several first-order TL peaks. Our model also shows an extended power law behaviour for OSL (or prompt luminescence), which is expected from localized recombination mechanisms in materials with random distribution of centres.     

Vacuum ultraviolet 178.7 nm emission in sodium vapour under two-photon resonance excitation

We have observed a fixed wavelength emission at 178.7 nm in sodium vapour under 578.7 nm two-photon resonance excitation. The proposed non-linear wave mixing scheme is described by _{178.7 nm} = 2_L + _{465.7 nm}; where _178.7 is the 178.7 nm photon frequency, _L is the laser-photon frequency, and _465.7 is the 465.7 nm photon frequency. This 465.7 nm emission comes from another six-wave mixing process involving two hyper-electronic Raman scattering photons. The excitation spectrum of the 178.7 nm emission has a typical multiwave mixing pattern with a competing effect appearing at higher temperatures under two-photon resonance excitation. Numerical analysis indicates that this vacuum ultraviolet emission has a poor phase-match condition that will depress the emission intensity to a certain extent. This makes the observation more difficult compared with other reported four-wave mixing generated emissions. Fortunately, on the one hand, it is enhanced by quasi-auto-ionization resonance when the 3s–5s transition is coupled to the sodium continuum by a 330.2 nm photon. On the other hand, its wavelength sits so close to the sodium Cooper minimum that weak absorption will not suppress this vacuum ultraviolet emission further.