WorldWideScience
 
 
2

Understanding the volatility smile of options markets through microsimulation  

CERN Document Server

In this work, we aim to gain a better understanding of the volatility smile observed in options markets through microsimulation (MS). We adopt two types of active traders in our MS model: speculators and arbitrageurs, and call and put options on one underlying asset. Speculators make decisions based on their expectations of the asset price at the option expiration time. Arbitrageurs trade at different arbitrage opportunities such as violation of put-call parity. Difference in liquidity among options is also included. Notwithstanding its simplicity, our model can generate implied volatility (IV) curves similar to empirical observations. Our results suggest that the volatility smile is related to the competing effect of heterogeneous trading behavior and the impact of differential liquidity.

2007-01-01

3

Human Issues in Manufacturing Technology  

Science.gov (United States)

... qualified manufacturing employees. David Lichtinger, plant manager for Lord Corporation's aerospace products plant in ...

1992-09-01

4

Overview of the DARPA Augmented Cognition Technical ...  

Science.gov (United States)

Page 1. Overview of the DARPA Augmented Cognition Technical Integration Experiment Mark St. John, David A. Kobus ...

2005-07-01

5

Garden Of Falsehood  

British Library Electronic Table of Contents (United Kingdom)

China's propaganda machine seeks to control public opinion at all costs?-?and the media is its tool, writes David Bandurski

2008-01-01

6

Seeking nature of God in Big Bang T1 the secrets to the beginning of the universe could lie underground in Switzerland.  

CERN Multimedia

Joanna Geary joined a Birmingham University team of scientists working on the project in Geneva. Simond Hadley took the pictures. "The most exciting thing of all" says professor Peter Watkins with a smile, "is we have absolutely no idea what will happen until we switch it on."

2008-01-01

7

contents - NASA History Office  

Science.gov (United States)

David N. Spires and Rick W. Sturdevant, "From Advent to Milstar: The United States Air Force and the Challenges of Military Satellite Communications. Chapter 8 ...

8

Today in History: December 17  

Science.gov (United States)

as manufacturing plants and laboratories, including the Chemical Laboratory at the House of David in Benton Harbor, Michigan. Built in America: Historic Building Buildings Survey/...

2010-12-17

9

T - Stardust | JPL | NASA  

Science.gov (United States)

Jul 16, 2001... HAROLD DAVID TASKIS KIRIL TASKOV STEVEN P. TASLER F. .... SHEILA THACKERAY JAMES S. THACKRAY KEITH THACKREY JUDE ...

10

NPS Fees Report Part 1&2combined,db  

Science.gov (United States)

... A., M.A. David Ostergren, Ph.D. Northern Arizona University June 2003 NPS SOCIALSOCIAL RESEARCH LA...

11

Insurgency in Ancient Times: The Jewish Revolts Against the ...  

Science.gov (United States)

... 82 Ibid, 200. 83 Ibid, 200. 84 Ibid, 201. 43 Page 49. care to hunt down and execute all that claimed to be from the house of David. They considered ...

2005-05-26

12

Goddard Bible Club  

Science.gov (United States)

"Then Isaiah said, "Hear now, you house of David! Is it not enough to try the patience of men? Will you try the patience of my God also? ...

13

Attendees - MEPAG - NASA  

Science.gov (United States)

Barlow, Nadine Northern Arizona University, Flagstaff, AZ. 10. Barker, Don NASA Johnson Space Center, TX. 11. Beaty, David NASA Jet Propulsion Laboratory, ...

14

ON NATIONAL AEROIUWICS AND SPACE ADMINISTRATION TEMPE, ARIZOXA  

Science.gov (United States)

ful application of the network technique, GERT, to the analysis of a terminal ... GERT Networks, Mr. David Gallagher-The Use of GERT in Studying Queueing Problems, ... Smith, R. L., "Stochastic Analysis of Personnel Movement in Formal ...

15

[Retrieval of spectral characteristics of hyperspectral sensor and retrieval of reflectance spectra].  

Science.gov (United States)

On-orbit spectral calibration of hyperspectral imaging data is a key step for quantitatively analyzing them. Like the atmospheric correction, accurate spectral calibration is very necessary for improved studies of land or ocean surface properties. Based on the previous literatures, a new method which coupled an optimization algorithm was developed to simultaneously retrieve the central wavelength and the full width at half maximum (FWHM) of the hyperspectral sensor without needing the in situ reflectance spectra. Firstly, the Hyperion data set simulated using MODTRAN4 with the Hyperion spectral specification was used to test the new method, and the results indicated that the maximum error was less than 0.1 and 0.7 nm for central wavelength and FWHM respectively when the spectral shift is 5 nm. Then the algorithm was applied to the Hyperion data acquired on May 20, 2008 over Heihe River Basin and it was iteratively performed for each detector of the two spectrometers of Hyperion. The ...

2010-10-01

16

Remedial investigation/feasibility study for the David Witherspoon, Inc., 901 Site, Knoxville, Tennessee: Volume 1  

Energy Technology Data Exchange (ETDEWEB)

This remedial investigation (RI)/feasibility study (FS) supports the selection of remedial actions for the David Witherspoon, Inc. 901 Maryville Pike Site in Knoxville, Tennessee. Operations at the site, used as a recycling center, have resulted in past, present, and potential future releases of hazardous substances in to the environment. This Site is a Tennessee Superfund site. A phased approach was planned to (1) gather existing data from previous investigations managed by the Tenn. Dept. of Environment and Conservation; (2) perform a preliminary RI, including risk assessments, and an FS with existing data to identify areas where remedial action may be necessary; (3) gather additional field data to adequately define the nature and extent of risk-based contaminants that present identifiable threats to human and/or ecological receptors; and (4) develop remedial action alternatives to reduce risks to acceptable levels.

1996-10-01

17

Senate vote to kill Climate Act disrespects Canadians and democracy | Notes from the Panther Lounge | David Suzuki Foundation  

Wastenet

... This is an amount less that the measurement accuracy of even the best meteorological instruments . So, is it really worth committing to 40 years of drastic carbon emissions reductions (which necessarily involves increasing the cost of hydrocarbon fuels in order to reduce fuel consumption, and force an industry-wide conversion to much more expensive alternative energy sources), all so that after nearly all of us are ...

18

Network Physics - the only company to provide physics-based network management - secures additional funding and new executives  

CERN Multimedia

"Network Physics, the only provider of physics-based network management products, today announced an additional venture round of $6 million in funding, as well as the addition of David Jones as president and CEO and Tom Dunn as vice president of sales and business development" (1 page).

2003-01-01

19

IDEAS: Regional Science and Urban Economics, Elsevier  

Wastenet

... (restricted)] 2009, Volume 39, Issue 5 523-529 Parents, peers, or school inputs: Which components of school outcomes are capitalized into house value? by Brasington, David M. & Haurin, Donald R. [Downloadable! (restricted)] 530-541 Trade liberalisation and agglomeration with firm heterogeneity: Forward and backward linkages by Okubo, Toshihiro [Downloadable! (restricted)] 542-552 Alternative measures of homeownership gaps across segregated ...

20

IDEAS: Quarterly Economic Commentary: Special Articles, Economic and Social Research Institute (ESRI)  

Wastenet

...] 2002, Volume 2002, Issue 2-Summer 1-16 A Descriptive Analysis of the Irish Housing Market by Duffy, David [Downloadable!] 2002, Volume 2002, Issue 1-Spring 1-13 Interpreting Recent Developments in the Economy and Labour Market by Sexton J. J. [Downloadable!] 2001, Volume 2001, Issue 4-December 1-4 Budget 2002: Analysis of the Distributional Impact by Callan, Tim & Keeney, Mary ...

 
 
 
 
21

Convergenomics Strategic Innovation in the Convergence Era  

CERN Document Server

Convergenomics is about the megatrends that are shaping how people behave and organizations work. In this insightful analysis, Sang Lee and David Olson describe how globalization, digitization, changing demographics, changing industry mix, deregulation and privatization, commoditization of processes, new value chains, emerging new economies, deteriorating environment, and cultural conflicts have led to what they define as a convergence revolution.Lee and Olson discuss this convergence revolution from the perspectives of technology, industry, knowledge, open-source networking and bio-artificial

2010-01-01

22

CMS control room at Cessy, France during first physics fills (collisions) of LHC at 900 GeV, 5th/6th December 2009  

CERN Multimedia

Photos 09-22 include the visit of Nobel Laureate David Gross to the CMS Control Room. Photos 35-40 taken just as the first collision events were being seen in CMS

2009-01-01

23

Small heat shock protein LimHSP16.45 protects pollen mother cells and tapetal cells against extreme temperatures during late zygotene to pachytene stages of meiotic prophase I in David Lily  

British Library Electronic Table of Contents (United Kingdom)

Plant meiotic prophase I is a complicated process involving the late zygotene and pachytene stages, both crucial for completing synapsis and recombination. Using David Lily (Lilium davidii var. Willmottiae) as our research material, we performed suppression subtractive hybridization to construct EST library of anthers at various stages of development by the pollen mother cells. From this library, we identified small heat shock protein LimHSP16.45 was highly expressed during the late zygotene to pachytene stages. Our results also showed that LimHSP16.45 was almost specifically expressed in the anther compared with the root, stem, or leaf, and in situ expression of LimHSP16.45 mRNAs showed strong signals in the pollen mother cells and tapetal cells. LimHSP16.45 could be induced by heat and c...

2011-01-01

24

NewProductsAndServices  

Wastenet

... John Cannaday and Ken Weddle present the framework for a Product Design Engineering project (http://engineering.dartmouth.edu/~teps/images/ProductDesign.pdf) for high school students which may have relevance at a more advanced level. David Price has created a Mechanical Engineering Design (http://www.soton.ac.uk/~cds/) site containing engineering design notes. The Virtual Reality Engineering Library Home Page at the University of Bristol (http://www.dig.bris.ac.uk/virtual_lib/) is a library ...

25

MACROSCOPIC ONTOLOGY IN EVERETTIAN QUANTUM MECHANICS  

British Library Electronic Table of Contents (United Kingdom)

Abstract Simon Saunders and David Wallace have proposed an attractive semantics for interpreting linguistic communities embedded in an Everettian multiverse. It provides a charitable interpretation of our ordinary talk about the future, and allows us to retain a principle of bivalence for propositions and to retain the law of excluded middle in the logic of propositions about the future. But difficulties arise when it comes to providing an appropriate account of the metaphysics of macroscopic objects and events. I evaluate various metaphysical frameworks which might be combined with the Saunders-Wallace semantics. I conclude that the most appropriate metaphysics to underwrite the semantics renders Everettian quantum mechanics a theory of non-overlapping worlds.

2011-01-01

26

EurActiv | European Union Information Website (EU and Europe)  

Wastenet

...Fransman - University of Edinburgh Patents: The next battleground for climate change - 07 May 2008 - Alison Brimelow - European Patents Office (EPO) Rethinking the EU budget - 23 Apr 2008 - Daniel Gros - Centre for European Policy Studies (CEPS) US needs a 'Science White House' - 23 Apr 2008 - David Baltimore - American Association for the Advancement of Science Addressing consumer concerns about climate change - 14 Apr 2008 - Various Authors - McKinsey Why the internal market needs ...

27

Wiley::The Wiley Encyclopedia of Packaging Technology, 3rd Edition  

Wastenet

...The+Wiley+Encyclopedia+of+Packaging+Technology%2C+3rd+Edition FO21+Food+Packaging Wiley::The Wiley Encyclopedia of Packaging Technology, 3rd Edition WILEY ...US | HELP Home / Chemistry / Food Science & Technology / Food Processing, Production & Manufacture / Food Packaging / The Wiley Encyclopedia of Packaging Technology, 3rd Edition ...Manufacture Sensory Science Food Biotechnology Food Chemistry Food Engineering Related Titles Food Packaging Brewing Yeast and Fermentation by Chris Boulton, David Quain Food ...Editor) Journal of Food Process Engineering Journal of Food Processing and Preservation Packaging Research in Food Product Design and Development by Howard R. ...

28

The construction of a managerial education discourse and the involvement of philanthropic entrepreneurs: the case of Israel  

British Library Electronic Table of Contents (United Kingdom)

Similar to many other countries, an educational reform anchored in a managerial discourse was proposed in Israel in 2004 by the Dovrat Committee, encouraged by the 'inter-state education gap' social problem that economist Dan Ben-David formulated on the basis of international examinations, such as PISA and TIMMS. Through a neo-Weberian approach this study follows the construction of a managerial discourse from the 1970s onwards that led to the Dovrat report. In the first period, managerial discourse was constructed around decentralization, parent choice and school autonomy 'social objects' by an expanding reformist network of educational scholars and figures from the Ministry of Education and local authorities. The pervasion of managerial discourse paved the way for the nomination of Shlom...

2011-01-01

29

Numerical Simulation of a Polymer electrolyte Fuel Cell; Simulacion Numerica de una Pila de combustible de Membrana Polimerica  

Energy Technology Data Exchange (ETDEWEB)

This document reproduces the final project of David San Fabian Ayuso, presented on May 26, 2005, for the obtention of the engineer degree of the Carlos III University of Madrid. A single-phase, isothermal model, including both electron and proton transport, is introduced for the simulation of polymer electrolyte fuel cells (PEM). The model is implemented in the commercial code Fluent 6.0, through the use of UDFs (User Defined Functions). In order to validate the model, a single canal of a PEM monocell is simulated in three dimensions. The obtained result are qualitatively satisfactory. It is observed that it is not essential to solve the current collectors when a monocell is considered (and not a stack). in the present study, the number of nodes is the computational grid appears to be too low in the membrane zone in order to make a complete validation of the model. (Author) 20 refs.

2005-07-01

30

Reply to comments on the proposed on-road vehicle and engine emission regulations  

Energy Technology Data Exchange (ETDEWEB)

In February 2001, the Minister of Environment Canada outlined a series of measures to be implemented over the next decades to reduce emissions from vehicles, engines and fuels. The agenda includes the development of new regulations under the authority of Part 7, Division 5 of the Canadian Environmental Protection Act (CEPA) to align Canada's emission standards for on-road vehicles with those of the United States Environmental Protection Agency. This paper presents a detailed summary of comments received by the interested parties that appeared at a public consultation in November 2001 to discuss and raise issues about the proposed regulations. The parties that provided submissions included: governments; the vehicle and engine manufacturing industry; the oil industry; other groups of associations such as the Canadian Trucking Alliance, David Suzuki Foundation, and West Coast Environmental Law; and, five private individuals. The report presents comments and ...

2002-12-01

31

Theoretical nuclear physics. Final report  

Energy Technology Data Exchange (ETDEWEB)

As the three-year period FY93-FY96 ended, there were six senior investigators on the grant full-time: Bulgac, Henley, Miller, Savage, van Kolck and Wilets. This represents an increase of two members from the previous three-year period, achieved with only a two percent increase over the budget for FY90-FY93. In addition, the permanent staff of the Institute for Nuclear Theory (George Bertsch, Wick Haxton, and David Kaplan) continued to be intimately associated with our physics research efforts. Aurel Bulgac joined the Group in September, 1993 as an assistant professor, with promotion requested by the Department and College of Arts and Sciences by September, 1997. Martin Savage, who was at Carnegie-Mellon University, jointed the Physics Department in September, 1996. U. van Kolck continued as research assistant professor, and we were supporting one postdoctoral research associate, Vesteinn Thorssen, who joined us in September, 1995. Seven graduate students were being ...

1997-05-01

32

Procedure for obtaining visas for Switzerland and France - Signature rights  

CERN Multimedia

In accordance with the Status Agreements with CERN, Switzerland and France facilitate the entry of members of the Organization’s personnel onto their territories. Where relevant, detailed procedures for obtaining visas apply. Within the framework of those procedures, only the following individuals are authorised to initiate the Note verbale procedure as well as to sign the Official Invitation Letters and the Protocoles d’accueil. Kirsti ASPOLA (PH – CMO) Oliver BRÜNING (BE – ABP) Michelle CONNOR (PH – AGS) Sylvie DETHURENS FAVEZ (HR – SPS) David FOSTER (IT – DI) Nathalie GRUB (PH – AGS) Tadeusz KURTYKA (DG – PRJ) Jean-Pol MATHEYS (BE – ASR) Cécile NOELS (DG – PRJ) Connie POTTER (PH – AGS) Maria QUINTAS (HR – SPS) Jeanne ROSTANT (PH – AGS) ...

2010-01-01

33

On the application of Allan variance method for Ring Laser Gyro performance characterization  

Energy Technology Data Exchange (ETDEWEB)

This report describes the method of Allan variance and its application to the characterization of a Ring Laser Gyro`s (RLG) performance. Allan variance, a time domain analysis technique, is an accepted IEEE standard for gyro specifications. The method was initially developed by David Allan of the National Bureau of Standards to quantify the error statistics of a Cesium beam frequency standard employed as the US Frequency Standards in 1960`s. The method can, in general, be applied to analyze the error characteristics of any precision measurement instrument. The key attribute of the method is that it allows for a finer, easier characterization and identification of error sources and their contribution to the overall noise statistics. This report presents an overview of the method, explains the relationship between Allan variance and power spectral density distribution of underlying noise sources, describes the batch and recursive implementation approaches, validates ...

1993-10-15

34

Findings of the wetland survey of the David Witherspoon, Inc., 1630 Site, South Knoxville, Knox County, Tennessee  

Energy Technology Data Exchange (ETDEWEB)

In accordance with Department of Energy (DOE) Regulations surveys for wetland presence or absence were conducted in September 1996 on the DWI-1630 site (Witherspoon Landfill) located in South Knoxville, Knox County, Tennessee. The DWI-1630 site includes a closed, capped landfill area, areas of past disturbance adjacent to the capped area, and patches of hardwood forest. Wetlands were identified on the landfill cap and in a small bottomland that was formerly used for a retention pond in the southwest corner of the DWI-1630 site. The wetlands identified on the cap are man-induced, atypical situation wetlands. These areas have hydrophytic vegetation and wetland hydrology, but the soils do not have hydric characteristics. Wetland development appears to be due to a combination of the grading or subsidence of the clay landfill cap, the low permeability of the clay fill soil, and the absence of surface drainage outlets from the depressions. These atypical situation wetland areas may not be ...

1997-03-01

35

Can we do it?  

International Nuclear Information System (INIS)

One wonders how a facility will cope with the new Clean Air Act Amendments (CAAA). Environmental engineers working in large companies' facilities and in corporate engineering groups already have an idea of how to comply with the regulations for chemical plant equipment leaks. (In fact, the rules will also affect process bins, wastewater, transfer and storage.) But those who work for smaller companies or who have assignments not directly tied to environmental affairs may not have access to the latest thinking on compliance. One of the first challenges in becoming aware of the CAAA regulations is learning the new language, which consists of acronyms, some containing other acronyms. NESHAP, for example, stands for national emissions standards for hazardous air pollutants. Prior to the CAAA, NESHAPs applied to a few specific chemicals, such as benzene. Now the proposed rules establish a HON, a hazardous organic NESHAP. According to David Gustafson, environmental air ...

36

A Blueprint for Telerehabilitation Guidelines?October 2010  

British Library Electronic Table of Contents (United Kingdom)

Committee Members Co-Chairs David Brennan, M.B.E., Senior Research Engineer, National Rehabilitation Hospital, Washington, District of Columbia. Lyn Tindall, Ph.D., Speech-Language Pathologist, Department of Veterans Affairs Medical Center, Lexington, Kentucky. Writing Committee Janet Brown, M.A., CCC-SLP, Director, Health Care Services, American Speech-Language-Hearing Association, Rockville, Maryland. Mike Campbell, M.S., M.B.A., CCC-SLP, Director of the Speech and Hearing Program, The University of North Carolina at Greensboro, Browns Summit, North Carolina. Jana Cason, D.H.S., OTR/L, Assistant Professor, Auerbach School of Occupational Therapy, Louisville, Kentucky. Diana Christiana, M.A.T., CCC-SLP, President/CEO, Clinical Communications, Sugar Land, TX. Alan Lee, Ph.D., P.T., D.P.T.,...

2011-01-01

37

Manitoba Hydro's earth power program and Manitoba market update  

International Nuclear Information System (INIS)

An outline of Manitoba Hydro's Earth Power program was presented. Details of the heat pump market in Manitoba were provided, including details of residential and commercial sales. Total residential heat pump sales amounted to 577 units in 2004, equivalent to over $11.2 million in sales. Commercial installations amounted to approximately $12.7 million. An outline of industry players was presented. The goals of Manitoba Hydro were outlined in relation to geothermal energy and the Power Smart program. Their objectives included increasing awareness of geothermal energy, making heat pumps more accessible, and improving industry infrastructure. Other objectives included educating the public about life-cycle cost implications, residential loans and commercial incentives. To date, the residential power loan has provided financing to over 300 Manitoba home owners for installations, with electrical savings of over 1.34 Gwh and natural gas savings of 279,425 m"3. The program is also committed to ...

2005-02-24

38

Engineering Technology Reports, Volume 2: Technology Base FY00  

Energy Technology Data Exchange (ETDEWEB)

In FY-2000, Engineering at Lawrence Livermore National Laboratory faced significant pressures to meet critical project milestones, and immediate demands to facilitate the reassignment of employees as the National Ignition Facility (the 600-TW laser facility being designed and built at Livermore, and one of the largest R&D construction projects in the world) was in the process of re-baselining its plan while executing full-speed its technology development efforts. This drive for change occurred as an unprecedented level of management and program changes were occurring within LLNL. I am pleased to report that we met many key milestones and achieved numerous technological breakthroughs. This report summarizes our efforts to perform feasibility and reduce-to-practice studies, demonstrations, and/or techniques--as structured through our technology centers. Whether using computational engineering to predict how giant structures like suspension bridges will respond to massive ...

2001-10-03

39

Development of American National Standard on External Event PRA Methodology  

International Nuclear Information System (INIS)

During the last ten years, the U.S. Nuclear Regulatory Commission and the U.S. nuclear utilities have been developing methods and requirements for risk-informed applications making use of probabilistic risk assessments (PRA) of nuclear power plants. Early in this process, it became clear that the existing PRAs were done with different objectives and methodologies by different analysts. For uniformity and consistency in future risk-informed applications, industry consensus standards on probabilistic risk assessments were deemed to be essential. Currently, the following standards have been published or under preparation: - ASME RA-S-2002: 'Standard for Probabilistic Risk Assessment for Nuclear Power Plant Applications', Addendum C, March 2005. - ANSI/ANS-58.21-2003 'External-Events PRA Methodology' March 2003. - ANS-58.22 'Low Power and Shutdown PRA Standard'. - ANS-58.23 'Fire PRA Methodology Standard'. - ANS Level 2 and Level 3 PRA Standards. The ASME Standard specifies the ...

2007-11-14

40

RECOVERY ACT: DYNAMIC ENERGY CONSUMPTION MANAGEMENT OF ROUTING TELECOM AND DATA CENTERS THROUGH REAL-TIME OPTIMAL CONTROL (RTOC): Final Scientific/Technical Report  

Science.gov (United States)

This final scientific report documents the Industrial Technology Program (ITP) Stage 2 Concept Development effort on Data Center Energy Reduction and Management Through Real-Time Optimal Control (RTOC). Society is becoming increasingly dependent on information technology systems, driving exponential growth in demand for data center processing and an insatiable appetite for energy. David Raths noted, 'A 50,000-square-foot data center uses approximately 4 megawatts of power, or the equivalent of 57 barrels of oil a day1.' The problem has become so severe that in some cases, users are giving up raw performance for a better balance between performance and energy efficiency. Historically, power systems for data centers were crudely sized to meet maximum demand. Since many servers operate at 60%-90% of maximum power while only utilizing an average of 5% to 15% of their capability, there are huge inefficiencies in the consumption and delivery of power in ...

2011-06-30