An optimal design of collateralized mortgage obligation with PAC-companion structure using dynamic cash reserve

This paper presents a model for optimally designing a collateralized mortgage obligation (CMO) with a planned amortization class (PAC)-companion structure using dynamic cash reserve. In this structure, the mortgage pool’s cash flow is allocated by rule to the two bond classes such that PAC bondholders receive substantial prepayment protection, that protection being provided by the companion bondholders. The structure we propose provides greater protection to the PAC bondholders than current structures during periods of rising interest rates when this class of bondholders faces greater extension risk. We do so by allowing a portion of the cash flow from the collateral to be reserved to meet the PAC’s scheduled cash flow in subsequent periods. The greater protection is provided by the companion bondholders exposure to interest loss. To tackle this problem, we transform the problem of designing the optimal PAC-companion structure into a standard stochastic linear programming problem which can be solved efficiently. Moreover, we present an extended model by considering the quality of the companion bond and by relaxing the PAC bondholder shortfall constraint. Based on numerical experiments through Monte Carlo simulation, we show the utility of the proposed model.     

Versatile light‐responsive organogels: Evaluation of their dye releasing and photoinitiation behaviors

Light‐responsive crosslinked structures were prepared by a straightforward quaternization strategy using chloride functional polystyrene copolymers and commercially available Michler's ketone with varying feed ratios. Resulting organogels demonstrated excellent solvent absorption and their swelling characteristics were altered by UV‐light irradiation. According to scanning electron microscope images, UV‐illuminated samples showed an obvious photodecomposition, which enhanced their solvent uptake capacity with increase of UV exposure. Additionally, release behavior of eosin Y as a model compound was determined by UV–vis and fluorescence spectrometers. Achieved photoactive gels were also employed as the reusable heterogeneous initiators for photoinduced free‐radical polymerization of methyl methacrylate. © 2019 Wiley Periodicals, Inc. J. Polym. Sci., Part A: Polym. Chem. 2019, 57, 1275–1282     

Full characterization of the embedding relations between α-modulation spaces

In this paper, we consider the embedding relations between any two a-modulation spaces. Based on an observation that the a-modulation space with smaller a can be regarded as a corresponding decomposition space associated with a-covering for larger a, we give a complete characterization of the Fourier multipliers between a-modulation spaces with different a. Then we establish a full version of optimal embedding relations between a-modulation spaces.     

An inverse coefficient problem for a quasilinear parabolic equation with periodic boundary and integral overdetermination condition

In this paper, the inverse problem of finding the time‐dependent coefficient of heat capacity together with the solution periodic boundary and integral overdetermination conditions is considered. Under some natural regularity and consistency conditions on the input data, the existence, uniqueness, and continuous dependence upon the data of the solution are shown. Some considerations on the numerical solution for this inverse problem are presented with an example. Copyright © 2014 John Wiley & Sons, Ltd.     

棱镜自重变形对波面影响的研究

采用有限元方法分析了单棱镜在重力作用下三个典型位置的表面变形,对棱镜表面Φ425mm通光孔径轴向变形量进行Zernike多项式拟合,画出了相应的波差图,并确定设计方案.进一步选择Φ360 mm口径光束对双棱镜在几种典型相对位置下进行光线采样、追迹,计算得到不同情况下由于双棱镜自重变形引起的总波差.     

Singular integrals with rough kernels along real-analytic submanifolds in

mapping properties will be established in this paper for singular Radon transforms with rough kernels defined by translates of a real-analytic submanifold in .

     

强外加电场与大调制度下光折变动力学光栅形成研究

强外加电场与大调制度在光折变效应的研究中已经得到了广泛应用。采用PDECOL算法,严格求解光折变带输运方程,得到外加电场时不同调制度下光折变晶体中随时间变化的空间电荷场、载流子浓度,并讨论了外加电场对它们的影响。通过将物质方程与耦合波方程联立数值求解,可得到光折变光栅形成过程中两波耦合增益系数以及光束条纹相位的变化。模拟结果表明,在强外加电场作用下,两束记录光之间的光强与相位耦合都得到了增强,而原有的解析式忽视了强外加电场与大调制度对空间电荷场相位耦合的影响,此时不再适用。同时发现折射率光栅与记录光束条纹均发生弯曲,并不再保持平行。     

积域上粗糙核Marcinkiewicz积分的Lp有界性

本文证明了积域上的Marcinkiewicz积分算子μΩ是Lp( Rn× Rm) (11),而不需添加任何光滑性条件. 本文结果可视为Stein结果的一个改进.