A partial differential equation connected to option pricing with stochastic volatility: Regularity results and discretization

This paper completes a previous work on a Black and Scholes equation with stochastic volatility. This is a degenerate parabolic equation, which gives the price of a European option as a function of the time, of the price of the underlying asset, and of the volatility, when the volatility is a function of a mean reverting Orstein-Uhlenbeck process, possibly correlated with the underlying asset. The analysis involves weighted Sobolev spaces. We give a characterization of the domain of the operator, which permits us to use results from the theory of semigroups. We then study a related model elliptic problem and propose a finite element method with a regular mesh with respect to the intrinsic metric associated with the degenerate operator. For the error estimate, we need to prove an approximation result.

     

Reversible Mechanical Switching of Magnetic Interactions in a Molecular Shuttle

An acid–base switchable molecular shuttle based on a [2]rotaxane, incorporating stable radical units in both the ring and dumbbell components, is reported. The [2]rotaxane comprises a dibenzo[24]crown-8 ring (DB24C8) interlocked with a dumbbell component that possesses a dialkylammonium (NH₂⁺) and a 4,4′-bipyridinium (BPY²⁺) recognition site. Deprotonation of the rotaxane NH₂⁺ centers effects a quantitative displacement of the DB24C8 macroring to the BPY²⁺ recognition site, a process that can be reversed by acid treatment. Interaction between stable 2,2,6,6-tetramethylpiperidine-1-oxyl (TEMPO) radicals connected to the ring and dumbbell components could be switched between noncoupled (three-line electron paramagnetic resonance (EPR) spectrum) and coupled (five-line EPR spectrum) upon displacement of the spin-labelled DB24C8 macroring. The complete base- and acid-induced switching cycle of the EPR pattern was repeated six times without an appreciable loss of signal, highlighting the reversibility of the process. Hence, this molecular machine is capable of switching on/off magnetic interactions by chemically driven reversible mechanical effects. A system of this kind represents an initial step towards a new generation of nanoscale magnetic switches that may be of interest for a variety of applications.     

A highly redundant coordinate formulation for constrained rigid bodies

The paper presents a formulation for the dynamic analysis of rigid multibodies. An introductory part carries out the kinematic analysis and the definition of the highly redundant differential framework along with the choice of unknowns and equations. From the differential formulation the variational principles, either in Lagrangian or Hamiltonian form, are developed. The Hamiltonian formulation is then used to develop the numerical approximation by applying the finite element method in time. The application of the method in its multifield form is discussed and a solution algorithm is proposed. Some examples are finally presented in order to verify the effectiveness of the formulation.

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Sommario Il lavoro presenta una formulazione per lo studio della dinamica dei sistemi multicorpo rigidi. Nella parte introduttiva viene svolta l'analisi cinematica e si definisce il quadro differenziale con la scelta delle incognite e delle equazioni. Dalla formulazione differenziale vengono poi sviluppati dei principi variazionali nella forma Lagrangiana ed Hamiltoniana. La formulazione Hamiltoniana é quindi utilizzata per sviluppare l'approssimazione numerica col metodo degli elementi finiti di tempo. Viene discussa l'applicazione del metodo nella forma multi-campo e viene proposto un algoritmo di soluzione. Da ultimo, vengono discussi alcuni esempi per verificare la correttezza della formulazione.

     

Inversion of regular analytic matrix functions: Local Smith form and subspace duality

This paper analyzes the relation between the local rank-structure of a regular analytic matrix function and the one of its inverse function. The local rank factorization (lrf) of a matrix function is introduced, which characterizes extended canonical systems of root functions and the local Smith form. An interpretation of the local rank factorization in terms of Jordan chains and Jordan pairs is provided. Duality results are shown to hold between the subspaces associated with the lrf of the matrix function and the one of its reduced adjoint.     

Study on the thermal behavior of the complexes of the type [PdX<Subscript>2</Subscript>(tdmPz)] (X = Cl<Superscript>−</Superscript>, Br<Superscript>−</Superscript>, I<Superscript>−</Superscript>, SCN<Superscript>−</Superscript>)

Four new mononuclear Pd(II) complexes of the type [PdX₂(tdmPz)] {X = Cl⁻ (1); Br⁻ (2); I⁻ (3); SCN⁻ (4); tdmPz = 1-thiocarbamoyl-3,5-dimethylpyrazole} have been synthesized and characterized by elemental analysis, IR spectroscopy, ¹H and ¹³C{¹H}-NMR experiments. The thermal behavior of the complexes 1–4 has been investigated by means of thermogravimetry (TG) and differential thermal analysis (DTA). From the initial decomposition temperatures, the thermal stability of the complexes can be ordered in the sequence: 3 < 4 ≡ 2 < 1. The final products of the thermal decompositions were characterized as metallic palladium by X-ray powder diffraction.     

A Sum Operator with Applications to Self-Improving Properties of Poincaré Inequalities in Metric Spaces

We define a class of summation operators with applications to the self-improving nature of Poincaré–Sobolev estimates, in fairly general quasimetric spaces of homogeneous type. We show that these sum operators play the familiar role of integral operators of potential type (e.g., Riesz fractional integrals) in deriving Poincaré–Sobolev estimates in cases when representations of functions by such integral operators are not readily available. In particular, we derive norm estimates for sum operators and use these estimates to obtain improved Poincaré–Sobolev results.     

A priori bounds in the Bénard problem with boundaries of finite conductivity

In questa nota, si danno alcune stime a priori per le soluzioni classiche delle equazioni che descrivono il problema di Bénard quando le frontiere hanno conduttività finita (modello di Hurle, Jakeman e Pike [3]). Adottando il metodo della funzione peso, si mostra che la velocità v e la temperatura T del fluido che a priori sono fatte crescere per grandi distanze spaziali, si mantengono in effetti uniformemente limitate a patto che siano tali la velocità e la temperatura iniziali del fluido e il suo gradiente di pressione.