Optimal investment with two-factor uncertainty

This paper presents a real options model to value the option to invest in a project contingent on two stochastic factors. A general sensitivity analysis is conducted highlighting the importance of the variance and correlation between the two variables. A higher correlation is shown to increase always the values of the trigger, the active project and the option. The impact of uncertainty is more complex and depends on the assumption about which variables adjust and the correlation between the variables and the market.     

Reaction of N-(Benzyloxycarbonyl)aminobenzyl-phosphonous Acid with Ethyl Orthoformate

Reaction of N-(benzyloxycarbonyl)aminobenzylphosphonous acid with ethyl orthoformate afforded two major products diethyl N-(benzyloxycarbonyl)aminobenzylphosphhite and ethyl (diethoxymethyl)[N-(benzyloxy-carbonyl)aminobenzyl]phosphmate, a product of addition of phosphonous acid to orthoformate.     

The Dirichlet ring and unconditional bases in L 2[0, 2π]

It is observed that the Dirichlet ring admits a representation in an infinite-dimensional matrix algebra. The resulting matrices are subsequently used in the construction of nonorthogonal Riesz bases in a separable Hilbert space. This framework enables custom design of a plethora of bases with interesting features. Remarkably, the representation of signals in any one of these bases is numerically implementable via fast algorithms.     

Calorimetry in testing waste materials from the brown coal combustion

The calorimetric measurements were applied in testing the wastes collected from different furnaces in electric power plants as materials to be used in civil engineering. The fly ash materials were collected from two power stations based on different brown coal deposits and working with conventional and fluidized bed installation. The reactivity of high calcium fly ash from sub-bituminous coal combustion has been proved in calorimetric, conductometric, chemical shrinkage, and rheological measurements before their practical implementation on larger scale. Highly soluble components of fly ash contribute to the hydration products and structure formation, followed by setting and hardening of fly ash–cement mixture. These results have been the base of research project aimed in the innovative solutions dealing with the management of deposits of wastes generated as a result of coal combustion. The standardization and potential use on larger scale of these materials, necessary from the environmental point of view, seems to be the question of nearest future.