A numerical algorithm for pricing electricity derivatives for jump-diffusion processes based on continuous time lattices

We present a numerical algorithm for pricing derivatives on electricity prices. The algorithm is based on approximating the generator of the underlying price process on a lattice of prices, resulting in an approximation of the stochastic process by a continuous time Markov chain. We numerically study the rate of convergence of the algorithm for the case of the Merton jump-diffusion model and apply the algorithm to calculate prices and sensitivities of both European and Bermudan electricity derivatives when the underlying price follows a stochastic process which exhibits both fast mean-reversion and jumps of large magnitude.     

A review of bioanalytical methods for chronic lymphocytic leukemia drugs and metabolites in biological matrices

Quantitation of drugs used for the treatment of chronic lymphocytic leukemia in various biological matrices during both pre-clinical and clinical developments is very important, often in routine therapeutic drug monitoring. The first developed methods for quantitation were traditionally done on LC in combination with either UV or fluorescence detection. However, the emergence of LC with mass spectrometry in tandem in early 1990s has revolutionized the quantitation as it has provided better sensitivity and selectivity within a shorter run time; therefore it has become the choice of method for the analysis of various drugs. In this article, an overview of various bioanalytical methods (HPLC or LC–MS/MS) for the quantification of drugs for the treatment of chronic lymphocytic leukemia, along with applicability of these methods, is given.     

英国国家科研与创新署学科交叉研究资助机制及启示

Newly established in 2018, the UK Research and Innovation (UKRI) strengthens the strategic coordination of the UK research and innovation system by bringing together seven Research Councils, Research England, and Innovate UK. Through its nine organizations, UKRI funds multidisciplinary and interdisciplinary research in a number of priority areas. It also runs the Strategic Priorities Fund to support multidisciplinary and interdisciplinary research in strategic areas identified by government policies as well as the Global Challenges Research Fund to promote challenge-led interdisciplinary research needed by developing countries. The UKRI makes significant efforts to engage stakeholders in the development, design, and implementation of multidisciplinary and interdisciplinary programs. It has also developed a range of mechanisms to improve the evaluation of multidisciplinary and interdisciplinary projects. Chinese science and innovation funding agencies could draw upon the UKRI experience from four aspects to advance interdisciplinary research in China.     

On the Center of Continuous Maps of Dendrites

The structure and the depth of the center of a continuous map of a dendrite with a closed countable set of branch points of a finite order are studied. It is proved that the center of that map coincides with the closure of the set of periodic points. It is shown also that for an arbitrary natural number n S 2 there are the dendrite X n with a closed countable set of branch points of a finite order and the continuous map f n : X n M X n with n as the depth of the center.     

Polypropylene/polystyrene/clay blends prepared by an innovative eccentric rotor extruder based on continuous elongational flow: Analysis of morphology,rheology property,and crystallization behavior

The polypropylene (PP)/polystyrene (PS)/montmorillonite (MMT) blends were prepared by an innovative eccentric rotor extruder based on continuous elongational flow. Addition of MMT nanoparticles was found to reduce the PS droplet size and improve the compatibility of PP/PS. The MMT nanoparticles had clear intercalation and/or exfoliation structures and were located mostly at the interface of PP/PS. It was found that the intercalation and exfoliation of MMT was finished under the synergy of interfacial interaction and tensile deformation so that we called the mechanism as “MMT exfoliation mechanism induced by synergy of interface and tensile deformation”. The rheological analysis showed that incorporation of MMT led to an increase in complex viscosity to an optimum level (5 wt%), after which any further increase in MMT concentration decreased the complex viscosity. Moreover, the degree of crystallinity of blends was controlled by the heterogeneous nucleation effect of MMT and the inhibition effect of PS.     

10 Jahre Ständige Kommission des RGW für die friedliche Anwendung der Atomenergie

0. Einleitwng

1. Reaktorwissenschaft und -technik und Kernenergetik

2. Kerntechnischer Gerätebau

3. Produktion von Isotopenerzeugnissen

4. Strahlenschulz und Schutztechnik

5. Isotopenanwendung

6. Strahlentechnik

7. Zur weiteren Tätigkeit der Ständigen Kommission Atomenergie des RGW     

Membrane-based microchannel device for continuous quantitative extraction of dissolved free sulfide from water and from oil

Underground fluids are important natural sources of drinking water, geothermal energy, and oil-based fuels. To facilitate the surveying of such underground fluids, a novel microchannel extraction device was investigated for in-line continuous analysis and flow injection analysis of sulfide levels in water and in oil. Of the four designs investigated, the honeycomb-patterned microchannel extraction (HMCE) device was found to offer the most effective liquid–liquid extraction. In the HMCE device, a thin silicone membrane was sandwiched between two polydimethylsiloxane plates in which honeycomb-patterned microchannels had been fabricated. The identical patterns on the two plates were accurately aligned. The extracted sulfide was detected by quenching monitoring of fluorescein mercuric acetate (FMA). The sulfide extraction efficiencies from water and oil samples of the HMCE device and of three other designs (two annular and one rectangular channel) were examined theoretically and experimentally. The best performance was obtained with the HMCE device because of its thin sample layer (small diffusion distance) and large interface area. Quantitative extraction from both water and oil could be obtained using the HMCE device. The estimated limit of detection for continuous monitoring was 0.05 μM, and sulfide concentrations in the range of 0.15–10 μM could be determined when the acceptor was 5 μM FMA alkaline solution. The method was applied to natural water analysis using flow injection mode, and the data agreed with those obtained using headspace gas chromatography-flame photometric detection. The analysis of hydrogen sulfide levels in prepared oil samples was also performed. The proposed device is expected to be used for real time survey of oil wells and groundwater wells.     

The identification of the vibration control system parameters designed for continuous miner machines

The Continuous Miner machines are exposed to time dependent loads during normal operation of the rock cutting process. These loads cause vibrations, which have a negative influence on the whole structure of the machine. This phenomenon can be eliminated by applying passive or active vibration control systems (VCS). Generally these systems are coupled with additional elements, which provide dispersion or transfer energy. The energy thus acquired can also reinforce the intended function such as rock cutting operation in the case of mining machines. The objective of this paper is to present the method of numerical identification of VCS parameters for Continuous Miner machines. The main function of the presented system is to reduce displacement of cutting drum by using elastic element joined to machine chassis and applying appropriate algorithm of control of the angular velocity of cutting drum. The method described improves efficiency of mining and increases durability of machine. In order to determine mechanical and control parameters of VCS the genetic algorithm optimisation method conjugated with numerical modal analysis was used. Finally the transient dynamic analysis was performed for the full-scale model of Continuous Miner in order to verify VCS in normal working condition.     

Correlation function induced by a generalized diffusion equation with the presence of a harmonic potential

An integro-differential diffusion equation with linear force, based on the continuous time random walk model, is considered. The equation generalizes the ordinary and fractional diffusion equations, which includes short, intermediate and long-time memory effects described by the waiting time probability density function. Analytical expression for the correlation function is obtained and analyzed, which can be used to describe, for instance, internal motions of proteins. The result shows that the generalized diffusion equation has a broad application and it may be used to describe different kinds of systems.