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Mainstream option valuation theory relies implicitly on the assumption that latent states (such as stochastic volatility) and parameters are perfectly known, an assumption that is dubious in many ways. Computing the value of options under the assumption of perfect knowledge will typically introduce bias. Correcting for the bias is straightforward but can be computationally expensive. Fourier-base

Service meshes factor out code dealing with inter-micro-service communication. The overall resilience of a cloud application is improved if constituent micro-services return stale data, instead of no data at all. This paper proposes and implements application agnostic caching for micro services. While caching is widely employed for serving web service traffic, its usage in inter-micro-service comm

Wireless connectivity is becoming an important feature in cars, which together with recent developments in car design point to the need to accurately predict the performance of real antennas in simulation, to speed up the design cycle. However, it is challenging to accurately represent structurally complex real cars in simulation. This paper proposes a car model simplification approach for designi

Disease outbreaks and pandemics have long played a role in societal and economic change. However, the nature of such change is selective, meaning that it is sometimes minimal and, at other times, and change or transformation may be unexpected, potentially even reinforcing contemporary paradigms. A comprehensive overview of pandemics and their effects is provided. This is used to help contextualise

In this work we calculate the cross sections for the hadroproduction of a single top quark or antiquark in association with a Higgs (tHj) or Z boson (tZj) at NLO QCD+EW accuracy. In the case of tZj production we consider both the case of the Z boson undecayed and the complete final state tℓ+ℓ−j, including off-shell and non-resonant effects. We perform our calculation in the five-flavour-scheme (5F

Let V be an n-set, and let X be a random variable taking values in the power-set of V . Suppose we are given a sequence of random coupons X1 , X2 , ..., where the Xi are independent random variables with distribution given by X. The covering time T is the smallest integer t ≥ 0 such that the union of the first t Xi's equal V . The distribution of T is important in many applications in combinatoria

Periodic boundary conditions (PBC) are well suited to describe repetitive structures in space, yet flawed for isotropic setups in which it is commonly used. We present an approach based on exploiting the congruency of a unit cell which combines the periodic nature of PBC with isotropy of an alternating cell. By applying these isotropic periodic boundary conditions (IPBC) to the standard Ewald summ

Head turning experiments are widely used to test the cognition of both human infants and non-human animal species. Monitoring head turns allows researchers to non-invasively assess attention to acoustic or visual stimuli. In the majority of head turning experiments, the head direction analyses have been accomplished manually, which is extremely labor intensive and can be affected by subjectivity o

Membrane applications have established themselves in both the production and water loop of the starch-based sweetener industry. This presentation will give an overview of membrane opportunities in the starch-based sweetener industry is given. In the first part of this paper, the membrane opportunities in the production loop of starch-based sweeteners will be generally discussed and application stu

We have fabricated nanometer-sized interdigitated electrode patterns using electron beam lithography and liftoff techniques. The aim of the investigation was to find out whether the dimensions (i.e., the electrode separations) of the pattern would affect the admittance signal of the biomolecules in between the electrodes. Since the admittance signal scales with the geometrical factor A/d, where A

IntroductionMembrane processes can be either used in direct competition with conventional separation processes or in combination with these to cover a wider separation range. The focus of this work is on the applications in an apple juice plant using membrane processes in combination with conventional separation processes, i.e. separators and evaporators.Traditional Apple Juice Plant The traditio

Heat supply bottlenecks are common in district heating (DH) networks and makes the DH network work in a non-optimal way, why it is beneficial to address them. The purpose of this paper is thus to investigate risks, opportunities, added values and issues coupled to various bottleneck measures. This is made by in depth interviews with DH companies and through DH network simulations. The results show

We present two new data structures for computing values of an n-variate polynomial P of degree at most d over a finite field of q elements. Assuming that d divides q- 1 , our first data structure relies on (d+ 1) n + 2 tabulated values of P to produce the value of P at any of the qn points using O(nqd2) arithmetic operations in the finite fie

In this article, we describe a new command, xtbcfe, that performs the iterative bootstrap-based bias correction for the fixed-effects estimator in dynamic panels proposed by Everaert and Pozzi (2007, Journal of Economic Dynamics and Control 31: 1160–1184). We first simplify the core of their algorithm by using the invariance principle and subsequently extend it to allow for unbalanced and higher o