Valuation of forward start options under affine jump-diffusion models

Under the general affine jump-diffusion framework of Duffie et al. [Econometrica, 2000, 68, 1343–1376], this paper proposes an alternative pricing methodology for European-style forward start options that does not require any parallel optimization routine to ensure square integrability. Therefore, the proposed methodology is shown to possess a better accuracy–efficiency trade-off than the usual and more general approach initiated by Hong [Forward Smile and Derivative Pricing. Working paper, UBS, 2004] that is based on the knowledge of the forward characteristic function. Explicit pricing solutions are also offered under the nested jump-diffusion setting proposed by Bakshi et al. [J. Finance, 1997, 52, 2003–2049], which accommodates stochastic volatility and stochastic interest rates, and different integration schemes are numerically tested.     

EKC-type transitions and environmental policy under pollutant uncertainty and cost irreversibility

Previous studies have suggested that some pollutant levels first increases due to the economic growth and then start decreasing, the pattern being called the “environmental Kuznets curve” (EKC). We examine EKC-type transitions of pollutant levels not with respect to economic growth but more generally in time. Assuming that each policy maker optimally executes the two switching options of regulation and unregulation for pollution, the switching dynamics of environmental policy can be described by an alternating renewal process. It is shown that the double Laplace transform of transition density of a pollutant level can be obtained by a novel application of renewal theory. The expected level of overall pollutants is then calculated numerically and found to exhibit either a Λ‐shaped or an N-shaped pattern in time. Our results present a simple explanation for the EKC-type transitions of pollutant levels within a real options framework.     

基于航运系统的承运人合作演化博弈分析

本文运用演化博弈理论研究了航运业中承运人群体之间的合作行为。研究表明,当没有监控机制存在时,航运业承运人群体之间的合作将是无效的。在航运旺季时,承运人之间存在合作和不合作的演化均衡,在航运淡季时,承运人之间出现双方都不合作的演化均衡。然而,当航运区域的枢纽港充当监控平台时,在航运旺季和航运淡季时,对承运人群体合作和背叛行为给与不同范围的激励和补偿,将使承运人之间出现高效的合作演化均衡。研究结果对区域航运业有一定的借鉴作用。     

状态监测与故障诊断技术在化工设备维护中的应用

良好的设备状况是化工装置连续性生产的必要保障,东昊公司表活剂分公司在设备维护、检修方面运用了先进的状态监测与故障诊断技术,提升了设备管理水平、提高设备检修质量,达到零计划外停车,取得了良好的经济效益。     

基于小波变换和曲线拟合法的柴油机故障诊断

为了对柴油机故障类型进行准确诊断,对柴油机缸盖振动信号进行特征提取,所测取的信号通过小波变换提取时域、频域特征参数,得到相应的拟合曲线并计算多项式系数。设定两种常见故障,通过比较其小波变换拟合多项式系数与标准模式间的距离,从而判断出故障类型。经过验证,所判断出的故障类型正好为所设定的故障,由此表明该方法具有很大的优越性。     

基于小波的窄带通信干扰抑制研究的探讨

窄带干扰(NBI)对直接序列扩频通信系统(DSSS)的破坏性很强,当有强窄带干扰存在时仅靠系统自身的抗干扰能力很难保证系统高质量的通信,甚至可能造成系统通信中断。因此,研究有效的窄带干扰抑制技术具有重大的实际意义。     

基于灰色系统理论的江苏省入境旅游研究

入境旅游是旅游业的重要组成部分,本文运用灰色系统理论中的灰色关联度分析方法对江苏省旅游外汇收入与主要客源国入境旅游人次数之间的关联性进行分析,并建立了GM(1,1)灰色预测模型对江苏省典型创汇国未来的入境旅游客流规模进行预测,为江苏省入境旅游提供决策依据和方法参考。     

从人机工效角度谈红外热像仪在500kV变电站的实际应用

文章试图从一个新的角度,以人、环境、对象之间的相互关系为分析依据,通过寻求人与红外热像仪的协调性和人性化联系,结合500 kV变电站设备测温实际,给出了在500 kV变电站应用红外热像仪进行设备测温的一种高效应用方法。     

自动干手器设计

自动干手器的电动机自动运转的电路组芯片往往比较多,管脚与管脚之间的焊接常常会出现虚焊和脱焊现象,从而造成电路无法实现其功能。文章主要介绍了用单片机设计控制电动机自动运转的电路组成、设计原理、设计思路及其功能。     

红外热成像测温中导体材料表面的影响及测温效果改进方法

文章介绍了红外热成像测温的基本原理,通过分析电力设备导体表面的物理特性,阐述了电力设备红外热成像测温中导体材料表面特性对测温工作效果的影响,并通过实践论证的方法提出了提高电力设备红外测温工作效率的方法。