Optimal pricing for a heterogeneous portfolio for a given risk factor and convex distance measure

Consider a portfolio containing heterogeneous risks. The premiums of the policyholders might not cover the amount of the payments which an insurance company pays the policyholders. When setting the premium, this risk has to be taken into consideration. On the other hand the premium that the insured pays has to be fair. This fairness is measured by a function of the difference between the risk and the premium paid—we call this function a distance function. For a given small probability of insolvency, we find the premium for each class, such that the distance function is minimized. Next we formulate and solve the dual problem, which is minimizing the insolvency probability under the constraint that the distance function does not exceed a given level. This paper generalizes a previous paper [Zaks, Y., Frostig, E., Levikson, B., 2006. Optimal pricing of a heterogeneous portfolio for a given risk level. Astin Bull. 36 (1), 161–185] where only a square distance function was considered.     

A Constitutive Model in Finite Viscoelasticity of Particle-reinforced Rubbers

Two series of tensile relaxation tests are performed on natural rubber filled with high abrasion furnace black. To fit observations, constitutive equations are derived for the nonlinear viscoelastic behavior of a particle-reinforced elastomer. A filled rubber is modeled as a composite medium, where inclusions with low concentrations of junctions are randomly distributed in the host matrix. The inclusions are treated as equivalent networks of macromolecules, where strands can separate from temporary junctions as they are thermally agitated. The bulk medium is thought of as a permanent network of chains. Unlike conventional concepts of transient networks, the concentration of strands in inclusions is assumed to be affected by mechanical factors: under active loading, inter-chain interactions weaken and some strands that were prevented from detachment from their junctions in a stress-free compound become free to separate from the junctions in a deformed medium. Unloading strengthens interactions between macromolecules, which results in an increase in the number of permanent strands. By using the laws of thermodynamics, stress–strain relations for a particle-reinforced rubber are developed. Adjustable parameters in the constitutive equations are found by fitting the experimental data. It is demonstrated that mechanical pre-loading and annealing of specimens at an elevated temperature noticeably affect concentrations of inclusions with various activation energies for rearrangement of strands.     

Enumeration of one-nodal rational curves in projective spaces

We give a formula computing the number of one-nodal rational curves that pass through an appropriate collection of constraints in a complex projective space. The formula involves intersections of tautological classes on moduli spaces of stable rational maps. We combine the methods and results from three different papers.     

Thin-Layer Chromatography with an Isolated Support and Forced Flow of the Mobile Phase

JPC – Journal of Planar Chromatography – Modern TLC -     

Theoretical study of the UV photodissociation of Cl2: potentials, transition moments, extinction coefficients, and Cl*/Cl branching ratio

Potential energy curves for the X (1)Sigma(g) (+) ground state and Omega=0(u) (+), 1(u) valence states and dipole moments for the 0(u) (+), 1(u)-X transitions are obtained in an ab initio configuration interaction study of Cl(2) including spin-orbit coupling. In contrast to common assumptions, it is found that the B (3)Pi(0(+)u)-X transition moment strongly depends on internuclear distance, which has an important influence on the Cl(2) photodissociation. Computed energy curves and transition moments are employed to calculate the A, B, C<--X extinction coefficients, the total spectrum for the first absorption band, and the Cl(*)((2)P(1/2))/Cl((2)P(3/2)) branching ratio as a function of excitation wavelength. The calculated data are shown to be in good agreement with available experimental results.     

On the products of cross-ratios on diagonals of polygons

The purpose of this paper is to establish a conjecture of B. Grünbaum, which states that in every n-polygon P in the plane, n 5, some diagonals intersect in a pattern that defines a new n-polygon (P), such that the product of the cross-rations on the diagonals of P is equal to the product of the corresponding cross-ratios on the diagonals of (P).     

A new algorithm for generation of permutations

A new algorithm for generating permutations is presented, that generates the next permutation by reversing a certain suffix of its predecessor. The average size of this suffix is less thane 2.8. It is shown how to find the position of a given permutation and how to construct the permutation of a given position, where the position refers to the order in which the permutations are generated, and is also new.On leave from the Department of Computer Science, Technion, Haifa, Israel. This work was supported by NSF grant MCS-8302391.     

On the ultraviolet photodissociation of H(2)Te

The photodissociation of H(2)Te through excitation in the first absorption band is investigated by means of multireference spin-orbit configuration interaction (CI) calculations. Bending potentials for low-lying electronic states of H(2)Te are obtained in C(2v) symmetry for Te-H distances fixed at the ground state equilibrium value of 3.14a(0), as well as for the minimum energy path constrained to R(1)=R(2). Asymmetric cuts of potential energy surfaces for excited states (at R(1)=3.14a(0) and theta;=90.3 degrees ) are obtained for the first time. It is shown that vibrational structure in the 380-400 nm region of the long wavelength absorption tail is due to transitions to 3A('), which has a shallow minimum at large HTe-H separations. Transitions to this state are polarized in the molecular plane, and this state converges to the excited TeH((2)Pi(1/2))+H((2)S) limit. These theoretical data are in accord with the selectivity toward TeH((2)Pi(1/2)) relative to TeH((2)Pi(3/2)) that has been found experimentally for 355 nm H(2)Te photodissociation. The calculated 3A(')<--XA(') transition dipole moment increases rapidly with HTe-H distance; this explains the observation of 3A(') vibrational structure for low vibrational levels, despite unfavorable Franck-Condon factors. According to the calculated vertical energies and transition moment data, the maximum in the first absorption band at approximately 245 nm is caused by excitation to 4A("), which has predominantly 2(1)A(") ((1)B(1) in C(2v) symmetry) character.     

Variable low-mass filtering using an electrodynamic ion funnel

An adjustable low-mass filter has been developed for an electrospray ionization (ESI) source to block ions associated with unwanted background species from entering the mass spectrometer. The low-mass filter is made by using an adjustable potential energy barrier from the conductance-limiting plate of an electrodynamic ion funnel, which prohibits species with higher ion mobilities from exiting the ESI source. We show that this arrangement provides a linear voltage adjustment for low-mass filtering from m/z 0 to 500. Mass filtering above m/z 500 is also performed; however, higher-mass species are attenuated. The mass filter was tested with a liquid chromatography/mass spectrometry (LC/MS) analysis of a bovine serum albumin (BSA) tryptic digest and resulted in the ability to block low-mass, background species, which accounted for 40-70% of the total ion current immediately behind the ESI source during peak elution and detection.     

Titrimetric microdetermination of sulfur in compounds containing alkali or alkaline earth

Summary The titrimetric dry combustion method can be employed for micro-determination of sulfur in organic compounds containing both alkali metal or alkaline earth metal and sulfur.The residue of alkali or alkaline earth sulfate in the boat, formed during the combustion, is fused with 3 to 4 times its weight of boron trioxide, whereby sulfur trioxide is displaced by the boron trioxide.

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Zusammenfassung Die Bestimmung des Schwefels durch Verbrennung und Titration der gebildeten Schwefelsäure kann mit organischen Verbindungen ausgeführt werden, die Alkalien oder alkalische Erden enthalten.Der Metallsulfate enthaltende Verbrennungsrückstand wird im Schiffchen mit der 3- bis 4fachen Menge Bortrioxyd versetzt. Beim darauffolgenden Erhitzen wird das Schwefeltrioxyd in Freiheit gesetzt.

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Résumé On peut employer la méthode par combustion à sec et titrage pour le dosage du soufre dans des composés organiques contenant un métal alcalin ou un métal alcalino-terreux.Le résidu de sulfate alcalin ou alcalino -terreux formés pendant la combustion dans la nacelle est fondu avec trois ou quatre fois son poids de trioxyde de bore; l'anhydride sulfurique est déplacé par le trioxyde de bore.