Shape-preserving properties and asymptotic behaviour of the semigroup generated by the Black-Scholes operator

The paper is devoted to a careful analysis of the shape-preserving properties of the strongly continuous semigroup generated by a particular second-order differential operator, with particular emphasis on the preservation of higher order convexity and Lipschitz classes. In addition, the asymptotic behaviour of the semigroup is investigated as well. The operator considered is of interest, since it is a unidimensional Black-Scholes operator so that our results provide qualitative information on the solutions of classical problems in option pricing theory in Mathematical Finance. The paper is dedicated to Professor Luigi Albano on the occasion of his 70th birthday.     

A unique geometry of the active site of angiotensin-converting enzyme consistent with structure-activity studies

Summary Previous structure-activity studies of captopril and related active angiotensin-converting enzyme (ACE) inhibitors have led to the conclusion that the basic structural requirements for inhibition of ACE involve (a) a terminal carboxyl group; (b) an amido carbonyl group; and (c) different types of effective zinc (Zn) ligand functional groups. Such structural requirements common to a set of compounds acting at the same receptor have been used to define a pharmacophoric pattern of atoms or groups of atoms mutually oriented in space that is necessary for ACE inhibition from a stereochemical point of view. A unique pharmacophore model (within the resolution of approximately 0.15 Å) was observed using a method for systematic search of the conformational hyperspace available to the 28 structurally different molecules under study. The method does not assume a common molecular framework, and, therefore, allows comparison of different compounds that is independent of their absolute orientation.Consequently, by placing the carboxyl binding group, the binding site for amido carbonyl, and the Zn atom site in positions determined by ideal binding geometry with the inhibitors' functional groups, it was possible to clearly specify a geometry for the active site of ACE.     

Solution properties of ultrahigh molecular weight polymers. VII. Conformational characteristics of poly(butyl methacrylate)

The paper is concerned with light scattering studies on solutions of ultrahigh molecular weight poly(butyl methacrylate). The dependence of the radius of gyration and of the second virial coefficient on the weight-average molecular weight of the polymers was established in methyl ethyl ketone, dimethylformamide, and CCl₄. Short-range and long-range interactions were discussed in terms of the steric factor σ, of the interaction parameter B, and of the interpenetration function ψ(z).     

Polymers from a levopimaric acid–acrylonitrile Diels–Alder adduct: Synthesis and characterization

The Diels–Alder adduct of levopimaric acid with acrylonitrile was efficiently prepared from resin acids. Excellent addition reaction yields (ca. 95%) were obtained. The adduct was converted into polyamides by polycondensation with diamines. When the same adduct was subjected to a dehydrodecarboxylation reaction, a novel ketone dinitrile derivative was obtained. This trifunctional product was also converted into polyamides by polycondensation with diamines. When the ketone dinitrile was hydrolyzed in the presence of alkalies and the reaction product was chlorinated, a ketone diacid chloride was obtained. A polyester was synthesized by the polycondensation of the diacid chloride with a diol. The structures of the Diels–Alder adduct, ketone dinitrile derivative, ketone diacid chloride, and polymers were established by means of elemental analysis, IR and NMR spectroscopy, and molecular weight determinations. Both the polyamides and the polyester were low‐molecular‐weight polymers soluble in polar solvents. The thermal behavior of the monomers and polymers was evaluated by thermogravimetric analysis. The thermal studies showed that the polymers were fairly thermostable substances, except the polyester, which appeared to be a substance with good thermal stability. © 2005 Wiley Periodicals, Inc. J Polym Sci Part A: Polym Chem 43: 6308–6322, 2005     

On strong and total Lagrange duality for convex optimization problems

We give some necessary and sufficient conditions which completely characterize the strong and total Lagrange duality, respectively, for convex optimization problems in separated locally convex spaces. We also prove similar statements for the problems obtained by perturbing the objective functions of the primal problems by arbitrary linear functionals. In the particular case when we deal with convex optimization problems having infinitely many convex inequalities as constraints the conditions we work with turn into the so-called Farkas-Minkowski and locally Farkas-Minkowski conditions for systems of convex inequalities, recently used in the literature. Moreover, we show that our new results extend some existing ones in the literature.     

An Application of the Bivariate Inf-Convolution Formula to Enlargements of Monotone Operators

Motivated by a classical result concerning the ε-subdifferential of the sum of two proper, convex and lower semicontinuous functions, we give in this paper a similar result for the enlargement of the sum of two maximal monotone operators defined on a Banach space. This is done by establishing a necessary and sufficient condition for a bivariate inf-convolution formula.     

Radon gas activity measurements in the frame of an international comparison

In order to validate its original method for the radon gas activity standardization and to assure the international metrological traceability and equivalence, the Radionuclide Metrology Laboratory of IFIN-HH participated recently in the international comparison CCRI(II)-K2.Rn-222, organized by the International Committee for Weights and Measures—CIPM-CCRI(II)-Radionuclide Measurements. The radon gas sample received, the measurement equipment and the experimental procedures are described. Because the comparison is underway, the results are presented only as relative values to the liquid scintillator vial measurement result. The uncertainty budget of the measurements performed is provided.     

Binuclear cyclopentadienylcobalt sulfur and phosphinidene complexes Cp2Co2E2 (E = S, PX): Comparison with their Iron carbonyl analogues

Density functional theory studies on a series of Cp₂Co₂E₂ derivatives (E = S and PX; X = H, Cl, OH, OMe, NH₂, NMe₂) predict global minimum butterfly structures with one Co-Co bond for the “body” of the butterfly and four Co-E bonds at the edges of the “wings” of the butterfly. Tetrahedrane structures with both Co-Co and E-E bonds are higher in energy for Cp₂Co₂S₂ and Cp₂Co₂(PH)₂ and are not found in the other systems. This differs from the corresponding Fe₂(CO)₆S₂ and Fe₂(CO)₆(PX)₂ derivatives where tetrahedrane structures are predicted to be the lowest energy structures for all cases except X = NR₂ and OH and such a tetrahedrane structure is found experimentally for Fe₂(CO)₆S₂. The butterfly structures for the Cp₂Co₂E₂ derivatives are of two types. For Cp₂Co₂(PX)₂ (X = H, OH, OMe, NH₂, NMe₂) the lowest energy structures are unsymmetrical butterflies Cp₂Co₂(P)(PX₂) with two X groups on one phosphorus atom and a lone pair on the other (naked) phosphorus atom. Related low-energy unsymmetrical butterfly Fe₂(CO)₆(P)(PX₂) structures, not observed in previous theoretical studies, are now found for the corresponding Fe₂(CO)₆(PX)₂ derivatives. Symmetrical butterfly singlet diradical structures with one X group on each phosphorus atom in relative cis or trans positions are also found for the Cp₂Co₂(PX)₂ derivatives and are the global minima for Cp₂Co₂(PCl)₂ as well as Cp₂Co₂S₂. In all cases the cis structures are of lower energy than the corresponding trans structures. Rhombus structures having neither Co-Co nor E-E bonds are also found for all of the Cp₂Co₂(PX)₂ derivatives but always at higher energies than the butterfly structures, ranging from 17 to 29 kcal/mol above the global minima.     

Thermal desorption/gas chromatography/mass spectrometry approach for characterization of the volatile fraction from amber specimens: A possibility of tracking geological origins

Research on the chemical composition of fossil resins has evolved during the last decades as a multidisciplinary field and is strongly oriented toward the correlation with their geological and botanical origin. Various extraction procedures and chromatographic techniques have been used together for identifying the volatile compounds contained in the fossil resin matrix. Hyphenation between thermal desorption (TD), gas chromatography (GC) and mass spectrometry detection (MS) has been chosen to investigate the volatile compounds fraction from ambers with a focus on Romanite (Romanian amber) and Baltic amber species. A data analysis procedure was developed for the main purpose of fingerprinting ambers based on the MS identity of the peaks generated by the volatile fraction, together with their relative percentual area within the chromatogram. Chromatographic data analysis was based entirely on Automated Mass Spectral Deconvolution & Identification System (AMDIS) software to produce deconvoluted mass spectra which were used to build-up a mixed mass spectra and relative retention scale library. Multivariate data analysis was further applied on AMDIS results with successful discrimination between Romanite and Baltic ambers. A special trial was conducted to generate pyrolysis “like” macromolecular structure breakdown to volatile compounds by gamma irradiation with a high absorbed dose of 500 kGy. Contrary to our expectations the volatile fraction fingerprints were not modified after irradiation experiments. A complementary non-destructive new approach by ESR spectroscopy was also proposed for discriminating between Romanite and Baltic ambers.     

Stagnation-point flow past a shrinking sheet in a nanofluid

In this paper, the stagnation-point flow and heat transfer towards a shrinking sheet in a nanofluid is considered. The nonlinear system of coupled partial differential equations was transformed and reduced to a nonlinear system of coupled ordinary differential equations, which was solved numerically using the shooting method. Numerical results were obtained for the skin friction coefficient, the local Nusselt number as well as the velocity and temperature profiles for some values of the governing parameters, namely the nanoparticle volume fraction φ, the shrinking parameter λand the Prandtl number Pr. Three different types of nanoparticles are considered, namely Cu, Al₂O₃ and TiO₂. It was found that nanoparticles of low thermal conductivity, TiO₂, have better enhancement on heat transfer compared to nanoparticles Al₂O₃ and Cu. For a particular nanoparticle, increasing the volume fraction φ results in an increase of the skin friction coefficient and the heat transfer rate at the surface. It is also found that solutions do not exist for larger shrinking rates and dual solutions exist when λ < −1.0.