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A STUDY OF OPTION PRICING MODELS WITH DISTINCT INTEREST RATES 具有不同利率的期权定价模型研究
Pub Date : 2022-05-05 DOI: 10.29121/ijoest.v6.i2.2022.310
N. Sisodia, Ravi Gor
This paper analyses the effect of different interest rates on Black-Scholes’ and Heston Option Pricing Model. We discuss the concept of interest rate in the two Models. We compare the two models for the parameter –‘Interest Rate’. A mathematical tool, UMBRAE (Unscaled Mean Bounded Relative Absolute Error) is used to compare the two models for pricing European call options. NSE (National Stock Exchange) is used for real market data and comparison is done through Moneyness (which is defined as the percentage difference of stock price and strike price) and Time-To-Maturity. Mathematical software – Matlab is used for all mathematical calculations. We observe that Black-Scholes’ model is preferred for lower interest rates than Heston options pricing model and vice-versa. This study is helpful in derivatives market.
本文分析了不同利率对Black-Scholes期权定价模型和Heston期权定价模型的影响。我们讨论了两个模型中利率的概念。我们比较了参数“利率”的两个模型。一个数学工具,UMBRAE(未缩放的平均有界相对绝对误差)被用来比较欧洲看涨期权定价的两个模型。NSE(国家证券交易所)用于实际市场数据,并通过Moneyness(定义为股票价格和执行价格的百分比差异)和Time-To-Maturity进行比较。数学软件- Matlab用于所有数学计算。研究发现,在利率较低的情况下,Black-Scholes模型优于Heston期权定价模型,反之亦然。本研究对衍生品市场有一定的借鉴意义。
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引用次数: 0
THE AMERICAN CONTINENT HYDROPOWER DEVELOPMENT AND THE SUSTAINABILITY: A REVIEW 美洲大陆水电开发与可持续性研究综述
Pub Date : 2022-04-26 DOI: 10.29121/ijoest.v6.i2.2022.315
S. Naranjo-Silva, J. Álvarez del Castillo
The present review compares and takes the main ideas around hydropower development in eight countries of the American continent, identifying its advantages and disadvantages, showing a vision concerning sustainability. It is conclusive that there are impacts for each megawatt produced with hydropower, and the generation structure that uses the water resource of natural currents is not highly clean. Moreover, there is the mistaken criterion for developing a renewable hydropower project related to sustainability, a wrong approach, as demonstrated with the review. The examination in the eight countries of America some analyzes and the most concludes that, before considering a construction with thousands of dollars of investment and water contained in dams, the social and environmental analysis must respond to the restrictions on building new hydropower projects, promoting other unconventional renewable energy sources development. It is recommended to determine an objective quantitative approach of hydropower combining hydrology, energy efficiency, and interaction scenarios of future climate change to know the best energy grids diversifying balanced renewable and no renewable sources for each country.
本报告比较和采纳了美洲大陆8个国家水电发展的主要思想,确定了其优点和缺点,显示了对可持续性的展望。结论是,每兆瓦的水力发电都有影响,而且利用自然水流的发电结构不是高度清洁的。此外,在可再生水电项目的可持续性开发方面存在错误的标准,这是一种错误的方法。在美国八个国家的考察中,一些分析和最多的结论是,在考虑投资数千美元的建设和水坝中包含的水之前,社会和环境分析必须对建设新水电项目的限制作出反应,促进其他非常规可再生能源的发展。建议结合水文、能源效率和未来气候变化相互作用情景确定水电的客观定量方法,以了解每个国家多样化、平衡的可再生能源和不可再生能源的最佳能源网。
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引用次数: 6
EFFECTS OF USING PALM KERNEL SHELL AND SPIKELET FIBERS AS COARSE AGGREGATE FOR LIGHTWEIGHT CONCRETE 棕榈仁壳和小穗纤维粗骨料对轻量化混凝土的影响
Pub Date : 2022-04-09 DOI: 10.29121/ijoest.v6.i2.2022.304
Wannyuy kingsly Mofor, Yakum Reneta Nafu
Agricultural and Industrial wastes have created waste management and pollution problems. The replacement of conventional ingredients in concrete production would reduce construction cost and proper waste management. The percentages of spikelet fibers in the composites were 0%, 0.25%, 0.5%, 0.75% and 1%. Concrete cubes and rectangular bricks of sizes 150mm x 150mm x 150mm and 40mm x 40mm x 160mm respectively with different percentages of spikelet fibers cured and tested after 7 and 28 days. The flexural strength, compressive strength, Density, slump workability, rate of water absorption and grain size were analyzed. It results that palm kernel shells was well graded and a good replacement for conventional aggregates. The density and compressive strength after 28 days curing were within the range 1645 to 1749kg/m3 and 15.35 to 19.21kg/m3 respectively. It was observed that slump workability reduced while compressive strength, water absorption, density and flexural strength increases proportionately with fiber contents.
农业和工业废物造成了废物管理和污染问题。在混凝土生产中替代传统成分将降低建筑成本和适当的废物管理。复合材料中小穗纤维的含量分别为0%、0.25%、0.5%、0.75%和1%。尺寸分别为150mm × 150mm × 150mm和40mm × 40mm × 160mm的混凝土立方体和长方体砖,加入不同比例的小穗纤维,固化7天和28d后测试。对其抗折强度、抗压强度、密度、坍落度和易性、吸水率和晶粒度进行了分析。结果表明,棕榈仁壳具有良好的分级性能,是传统聚集体的良好替代品。养护28 d后的密度和抗压强度分别在1645 ~ 1749kg/m3和15.35 ~ 19.21kg/m3之间。随着纤维含量的增加,坍落度和易性降低,抗压强度、吸水率、密度和抗弯强度呈比例增加。
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引用次数: 0
CALCULATION OF LINEAR FRACTIONAL FUZZY TRANSPORTATION PROBLEM USING SIMPLEX METHOD 用单纯形法计算线性分数阶模糊运输问题
Pub Date : 2022-04-05 DOI: 10.29121/ijoest.v6.i2.2022.302
S. Behera, J. K. Pati, P. K. Raut, K. L. Mahanta
In this research article, we implement a methodology for solving fuzzy transportation problems involving linear fractional fuzzy numbers. The main aim of this paper is to find optimum values of the fuzzy transportation problems by simplex method with the help of a triangular fuzzy number (TFN) as the costs of objective function. The outcome of this method is explained with a numerical example.
在这篇研究文章中,我们实现了一种求解线性分数模糊数的模糊运输问题的方法。本文的主要目的是利用三角模糊数(TFN)作为目标函数的代价,用单纯形法求模糊运输问题的最优值。最后用数值算例说明了该方法的结果。
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引用次数: 1
THIRD ORDER ITERATIVE METHOD FOR SOLVING NON-LINEAR PARABOLIC PARTIAL DIFFERENTIAL EQUATION IN FINANCIAL APPLICATION 三阶迭代法求解非线性抛物型偏微分方程在金融中的应用
Pub Date : 2022-03-27 DOI: 10.29121/ijoest.v6.i2.2022.299
Kedir Aliyi Koroche
In this paper, third order iterative scheme is presented for working the solution the non-linear stochastic parabolic equation in one dimensional space. First, the given result sphere is discretized by using invariant discretization grid point. Next, by using Taylor series expansion we gain the discretization of the model problem. From this, we gain the system of nonlinear ordinary difference equations.  By rearranging this scheme, we gain iterative schemes which is called gauss Jacobean iterative scheme. To validate the convergences of the proposed system, three model illustrations are considered and answered it at each specific grid point on its result sphere. The coincident (convergent) analysis of the present techniques is worked by supported the theoretical and fine statements and the delicacy of the result is attained. The delicacy of the present techniques has been shown in the sense of average absolute error (AAE), root mean square error norm and point-wise maximum absolute error norm and comparing gets crimes in the result attained in literature and these results are also presented in tables and graphs. The physical gets of results between numerical versus are also been presented in terms of graphs. As we can see from the table and graphs, the present system approach are approximates the exact result veritably well and it's relatively effective and virtually well suited for working the solution for non-linear parabolic equation.
本文给出了一维空间中求解非线性随机抛物型方程的三阶迭代格式。首先,利用不变离散化网格点对给定结果球进行离散化;其次,利用泰勒级数展开,得到了模型问题的离散化。由此,我们得到了非线性常差分方程组。通过对该格式的重新排列,得到高斯雅可比迭代格式。为了验证所提出系统的收敛性,考虑了三个模型实例,并在其结果球上的每个特定网格点上回答了它。对现有技术进行了符合(收敛)分析,支持了理论和精细的表述,得到了精确的结果。本方法在平均绝对误差(AAE)、均方根误差范数和逐点最大绝对误差范数意义上的准确性已在文献中得到体现,并以图表形式给出了这些结果。并以图形形式给出了数值与数值结果的物理关系。从表和图中可以看出,目前的系统方法确实很好地逼近了确切的结果,它相对有效,实际上很适合求解非线性抛物方程的解。
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引用次数: 0
WHAT IS IN THE MIND OF MAN!? 人的脑子里有什么?
Pub Date : 2022-03-26 DOI: 10.29121/ijoest.v6.i2.2022.300
C. Sofronie
The contemporary world, say social scientists, is a continual triumph of the irrational. And researchers in the field of management, referring to the organizational man, find that today the individual behaves irrational rather than rational. The consequences of this social time are that no one finds their place, and depending on the degree of organization of a society this phenomenon is more or less accentuated. In societies in transition, for example, the phenomenon is even more pronounced, also due to the high level of uncertainty that exists globally, coupled with the absence of jobs, subsistence incomes and confusing hope. Mankind is in the state of AND-And. A bivalent state. It can mean complementarity and cooperation, but also opposition and competition between the two parties. In the latter case we are talking about the state of that AND which does not imply dynamic balance, complementarity but, on the contrary, instability, has pathological potential. Evil and Good are equal, with the obvious opposite. In such a state the image of the Good becomes vague. And Evil has already outlined a structure, it has a name. He is a Mr. Hyde who fights, within the same system, with Dr. Jekyll. Both Good and Evil have their own order, strongly signified. Life or death? Truth or Lie? Poor or rich? Honest or corrupt? What is in the mind of man? Our research, conducted over more than 20 years, has as its ultimate goal the creation of an Early Warning System on human behavior.
社会科学家说,当代世界是非理性的持续胜利。管理领域的研究人员,指的是组织人,发现今天的个人行为是非理性的,而不是理性的。这种社会时代的后果是,没有人能找到自己的位置,而且根据社会组织的程度,这种现象或多或少会加剧。例如,在转型期社会,这种现象更为明显,这也是由于全球存在高度的不确定性,加上没有工作、维持生计的收入和令人困惑的希望。人类正处于“AND-And”状态。二价态。它可以是互补与合作,也可以是对立与竞争。在后一种情况下,我们谈论的是AND的状态,它并不意味着动态平衡,互补性,相反,不稳定性,具有病理潜能。恶与善是平等的,只有明显的对立面。在这种状态下,善的形象变得模糊了。邪恶已经勾勒出了一个结构,它有一个名字。他是海德先生,在同一个系统中与杰基尔博士战斗。善与恶都有自己的秩序,有强烈的象征意义。生还是死?真相还是谎言?贫穷还是富有?诚实还是腐败?人的思想是什么?我们的研究进行了20多年,其最终目标是建立一个关于人类行为的早期预警系统。
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引用次数: 0
DESIGN OF TRAIN OPERATION SIMULATION SYSTEM BASED ON "LAYER " MODEL 基于“层”模型的列车运行仿真系统设计
Pub Date : 2022-03-25 DOI: 10.29121/ijoest.v6.i2.2022.284
Qiang Di, Dongsong Yan, Yanjie Wu, X. Wang
The “layer” model is introduced into train operation simulation to develop a train operation simulation system (TOSS) ,which can be used for different locomotives, running parameters and lines. The virtual “layer” model can simulate any long-distance line on a limited track. The line models of different lines and stations can be constructed in the TOSS model definition. The system converts the actual line into the “layer” model, simulates the train operation on the line through the annular track model, and stores the operation-state parameters with the “layer” model structure. TOSS can statistically analyze the data generated through the data analysis subsystem, and restore the whole train-operation process by various animation demonstration. The application of “layer” model is the core of TOSS, which can realize the train operation simulation intuitively, and provide decisions basis for route planning, station docking or train operation scheduling scheme.
将“层”模型引入列车运行仿真中,开发了可用于不同机车、运行参数和线路的列车运行仿真系统(TOSS)。虚拟“层”模型可以模拟有限轨道上的任何长途线路。在TOSS模型定义中可以构建不同线路和站点的线路模型。系统将实际线路转换为“层”模型,通过环形轨道模型模拟列车在线路上的运行,并以“层”模型结构存储运行状态参数。TOSS可以对数据分析子系统生成的数据进行统计分析,并通过各种动画演示还原整个列车运行过程。“层”模型的应用是TOSS的核心,可以直观地实现列车运行仿真,为路线规划、车站对接或列车运行调度方案提供决策依据。
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引用次数: 0
ASSUNNA' CULTURAL HEALTH IMPLICATIONS (STUDY OF HEALTH ANTHROPOLOGY IN BONTORAMBA COMMUNITY, JENEPONTO REGENCY) Assunna的文化健康意义(jeneponto reggency bontoramba社区的健康人类学研究)
Pub Date : 2022-02-25 DOI: 10.29121/ijoest.v6.i1.2022.285
Andi Alim, A. Adam, Zainuddin, A. A, Rusnita
Male circumcision is beneficial and does not doubt health. So many studies show that male circumcision can prevent several diseases. In Jeneponto, some parents choose their children to practice Assunna' culture. The purpose of this study was to obtain information, examine and analyze in depth the health implications of Assunna' culture in the Bontoramba community, Jeneponto Regency. The research method used is qualitative with an ethnographic approach. Informants were drawn purposively with the snowball technique. The number of informants is 7 people (two regular informants, two supporting informants, and one key informant). The results showed that the Assunna' culture in the Bontoramba community was carried out by circumcision officers (hamlet priests). Circumcision officers do not wash their hands before starting the circumcision process. Chicken blood is smeared on the cut skin as a form of unification and followed by giving firewood ashes by sprinkling or smearing it directly. People who believe in taboo are not allowed to come out of the house and step on chicken manure and horse manure after being circumcised. When violated, will cause pain in the part that has been cut the skin. The circumcision process begins with sprinkling water on the genitals three times, reading a prayer and then blowing it into water which is believed to remove uncleanness and accelerate wound healing. The skin that is removed is only a little which is important to bleed so that the child's blood can be united with chicken blood. The pain experienced by the child lasts for one to two days. In conclusion, the health implications of Assunna' culture can lead to infection risk, disease prevention, and the concept of health and illness. It is hoped that collaboration between doctors/nurses and village priests in Assunna' cultural rituals is expected
男性包皮环切是有益的,不怀疑健康。许多研究表明,男性包皮环切术可以预防几种疾病。在Jeneponto,一些父母选择他们的孩子实践Assunna的文化。本研究的目的是获取信息,深入研究和分析Jeneponto摄政区Bontoramba社区Assunna文化对健康的影响。使用的研究方法是定性的民族志方法。用滚雪球技术有目的地抽取线人。举报人7人(常规举报人2人,辅助举报人2人,重点举报人1人)。结果表明,Bontoramba社区的Assunna文化是由割礼官(村庄牧师)执行的。包皮环切医生在开始包皮环切手术前不洗手。将鸡血涂抹在切开的皮肤上,作为一种统一的形式,然后直接洒或涂抹柴灰。相信禁忌的人在割礼后不允许走出家门,也不允许踩到鸡粪和马粪。当被侵犯时,会引起被割伤部位的皮肤疼痛。包皮环切术首先要在生殖器上撒三次水,念一段祈祷文,然后把它吹进水里,人们认为这样可以去除不洁,加速伤口愈合。被切除的皮肤只有一小块,这对出血很重要,这样孩子的血才能和鸡的血结合。孩子的疼痛持续一到两天。总之,Assunna文化对健康的影响可以导致感染风险、疾病预防以及健康和疾病的概念。希望医生/护士和村牧师在Assunna的文化仪式上进行合作
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引用次数: 0
CONCRETE PROPERTIES EVALUATED BY REPLACING CEMENT WITH ALCCOFINE 用乙醇替代水泥评价混凝土性能
Pub Date : 2022-02-18 DOI: 10.29121/ijoest.v6.i1.2022.279
Bln Sai Srinath, Chandan Kumar Patnaikuni
Nowadays, many research works are being conducted throughout the world to develop cementitious materials that can replace cement. As a replacement for cement in concrete, fly ash, silica fume, GGBS, Metakaolin, Micro materials, Quartz powder, etc. are tried out in that order. This experiment tries out a new ultrafine material called Alccofine for a partial replacement. This concrete grade, M40, was developed for testing the cementing efficiency of Alccofine with a variety of percentages of replacement of cement with Alccofine, such as 5%, 10%, 15%, and 20%. A design mix has been developed for M40 grade and cubes have been cast with varying percentages of alccofine, as described above. A discussion of the results has been provided. Compared to other mix percentages, 15% of alccofine replacement with cement produces good strength. The SEM images show that Alccofine is found to have good cementing efficiency in earlier ages of concrete.
目前,世界各地正在进行许多研究工作,以开发可替代水泥的胶凝材料。作为混凝土中水泥的替代品,粉煤灰、硅灰、GGBS、偏高岭土、微材料、石英粉等依次进行了试验。这个实验尝试了一种新的超细材料,叫做Alccofine,用于部分替代。该混凝土牌号为M40,用于测试乙醇替代水泥的不同比例(如5%、10%、15%和20%)下的固井效率。如上所述,为M40级开发了一种设计组合,并使用不同百分比的乙醇来铸造立方体。对研究结果进行了讨论。与其他掺量相比,水泥替代15%的乙醇可获得较好的强度。SEM图像表明,在混凝土早期龄期,alcolfine具有良好的胶结效果。
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引用次数: 0
IDEAL MODEL FOR INVESTIGATING URBAN FORM EFFECTS ON URBAN HEAT ISLAND AND OUTDOOR THERMAL COMFORT: A REVIEW 城市形态对城市热岛和室外热舒适影响的理想模型综述
Pub Date : 2022-02-16 DOI: 10.29121/ijoest.v6.i1.2022.275
Elham Sanagar Darbani, D. M. Parapari
In recent decades, urban planners have endeavoured to mitigate climate change, by adaptation programs in order to alleviate its adverse effects on human health and wellbeing. Outdoor thermal comfort as an environmental factor affects human health, as proven by various research studies conducted in different climates. The aim of this paper is to explore the components of urban heat island, outdoor thermal comfort, and urban form. The relationship between these keywords and variables that affect outdoor thermal comfort was also analysed. The research method is descriptive-analytical and besides that, the qualitative research method has been used. The components of each keyword have been extracted based on professional theories. Finally, the ideal model of outdoor thermal comfort is proposed. This paper gives a comprehensive view to urban heat islands, urban form and outdoor thermal comfort
近几十年来,城市规划者努力通过适应方案减缓气候变化,以减轻其对人类健康和福祉的不利影响。室外热舒适作为一种影响人体健康的环境因素,在不同气候条件下进行的各种研究证明了这一点。本文的目的是探讨城市热岛、室外热舒适和城市形态的组成。分析了这些关键词与影响室外热舒适的变量之间的关系。本研究采用描述分析的研究方法,并采用定性研究方法。每个关键词的成分都是根据专业理论提炼出来的。最后,提出了室外热舒适的理想模型。本文从城市热岛、城市形态和室外热舒适三个方面进行了综合分析
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引用次数: 2
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International Journal of Engineering Science Technologies
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