Optimal multi-asset investment with no-shorting constraint under mean-variance criterion for an insurer

This paper considers the optimal investment strategy for an insurer under the criterion of mean-variance. The risk process is a compound Poisson process and the insurer can invest in a risk-free asset and multiple risky assets. This paper obtains the optimal investment policy using the stochastic linear quadratic (LQ) control theory with no-shorting constraint. Then the efficient strategy (optimal investment strategy) and efficient frontier are derived explicitly by a verification theorem with the viscosity solution of Hamilton-Jacobi-Bellman (HJB) equation.     

Effect of Mg substitution for La on microstructure, hydrogen storage and electrochemical properties of La1−xMgxNi3.5 (x=0.20, 0.23, 0.25 at%) alloys

The effect of Mg substitution for La on microstructure, hydrogen storage and electrochemical properties of the annealed La_(1-x) Mg_x Ni_3.5(x=0.20, 0.23, 0.25 at%) alloys have been studied. All the samples were mainly composed of(LaMg)_2Ni_7,(LaMg)Ni_3, and LaNi_5 phases. Mg substitution for La changed the phase abundance, but did not change the constitution of all phases, which is con fi rmed by the results of backscattered SEM images and EDS analysis. The P–C isotherms indicated that the La_(1-x) Mg_x Ni_3.5alloys reversibly absorbed and desorbed hydrogen smoothly at 298 K. The hydrogen absorption cyclic stabilities of La_(1-x) Mg_x Ni_3.5alloy after 5 hydrogen absorption/desorption cycles reached the maximum values of91.9% and 96.0% at 298 K and 323 K, respectively. The hydrogen desorption capacity and plateau pressure for the La_(1-x) Mg_x Ni_3.5alloy reached the maximum values of 1.055 H/M and 0.074 MPa, respectively. The desorption capacities of La_(1-x) Mg_x Ni_3.5reached 0.193 H/M and 0.565 H/M in the fi rst minute at 298 K and 323 K, respectively. Electrochemical property measurement indicated that La_(1-x) Mg_x Ni_3.5(x=0.20,0.23, 0.25 at%) alloys possessed excellent activation capability and were completely activated within3 cycles. Discharge capacities of La_(1-x) Mg_x Ni_3.5alloys reached 378.2 m A h/g(x = 0.20 at%), 342.7 m A h/g(x = 0.23 at%), and 369.6 m A h/g(x = 0.25 at%), respectively. Moreover, energy density of La_(1-x) Mg_x Ni_3.5alloy was much larger than that of La_0.80Mg_0.20Ni_3.5 alloy and nearly approaches the maximum value of La0.75Mg0.25Ni3.5. Thus, the La_(1-x) Mg_x Ni_3.5alloy exhibits optimum comprehensive properties of hydrogen storage and electrochemistry.     

Atomic layer deposition on Pd nanocrystals for forming Pd-TiO2 interface toward enhanced CO oxidation

Pd typically exhibits relatively low catalytic activity in CO oxidation, as CO is apt to be adsorbed on Pd to poison the surface for O2 activation. In this Letter, we report that this limitation can be overcome by integrating Pd with TiO2. The TiO2 was coated on Pd nanocubes with a controllable thickness using atomic layer deposition (ALD) method. Given the different work functions of TiO2 and Pd, the electrons in TiO2 semiconductor will flow toward Pd. With the electron density increased on Pd, the adsorption of CO to Pd will be weakened while the oxygen activation can be facilitated. Meanwhile, the interface-confined sites at Pd-TiO2 may further enhance the oxygen activation. As the species adsorption and activation are strongly correlated with electron density, the performance of Pd-TiO2 in CO oxidation turns out to depend on the TiO2 thickness, which determines the number of transferred electrons, within a certain range (<1.8 nm). This work provides a new strategy for enhancing catalytic performance through tailoring charge densities in hybrid catalysts.     

Influence of B,Al and Nb addition on the glass forming ability and stability of mechanically alloyed Zr-Ni amorphous alloys

We investigated the influence of minor additions of B,Al and Nb that have representative atomic sizes on the glass forming ability (GFA) and stability of Zr-Ni amorphous alloys during mechanical alloying. The results show that the minor addition of B,Al or Nb does not shorten the initial time of the full amorphization reaction or improve the glass forming ability of the Zr-Ni alloys at a low rotation speed. However,B addition can effectively improve the mechanical stability of the amorphous phase against me...     

一种基于区分服务的IEEE 802.11 QoS信道访问控制机制

研究表明,无线移动自组织网络具有带宽有限,信道质量不稳定,节点移动造成网络拓扑结构变化等诸多特性,这些特性严重损害了网络性能,以致在传统无线移动网络中支持具有严格QoS要求的多媒体应用面临严峻的挑战.本文提出了一种基于区分服务的信道接入控制机制,以更好地支持实时通信流.该机制对传统的IEEE 802.11DCF机制进行...     

浅谈雷暴天气变化特征与注意事项

雷暴是一种重要的天气现象,也是一种灾害性天气。文章分别阐述了热雷暴、锋雷暴、地形雷暴的形成条件;雷暴来临时气象要素气温、气压、湿度、风、降水、的变化特征;雷暴观测和记录注意事项,以及其他注意事项。     

仿真软件在数控实训中的应用

太原理工大学工程训练中心选定了一种能在计算机上进行三维仿真,相当于真正的CNC机床的操作功能,并能进行手工编程或CAD/CAM自动编程,与国内数控机床有良好的兼容性的基于PC机上操作的英福花数控仿真软件.     

Temporal and spatial distribution of tropospheric CO<Subscript>2</Subscript> over China based on satellite observations

Mid-troposphere CO₂ data retrieved by the AIRS (atmospheric infrared sounder) were validated with five ground-based stations and aircraft measurements in the Northern Hemisphere. AIRS CO₂ products show good agreement with ground and aircraft observations. The data had a monthly average accuracy better than 3 ppmv. In this study, the spatial and temporal distribution of mid-troposphere CO₂ from January 2003 to December 2008 was analyzed based on this satellite product. The average concentration of atmospheric CO₂ was higher in the Northern Hemisphere than in the Southern Hemisphere. The yearly average results show a gradual increase from 2003 to 2008. In China, the annual growth rate was about 2 ppmv/a, similar to the United States, Europe, Australia and India, but was slightly lower than Canada and Russia. Mid-troposphere CO₂ concentrations were higher over northern China than over southern areas, due to differences in natural conditions and industrial layout. There were four centers of high CO₂ concentration between 35° and 45°N over China, with low concentrations over Yunnan Province. There was a significant seasonal CO₂ variation with peak concentration in spring and the lowest concentration in autumn.     

疏水蛋白rHGFI与rHFBI的发泡能力研究

将巴斯德毕赤酵母异源表达出的疏水蛋白rHGFI和rHFBI修饰硅化玻璃后进行玻璃表面接触角测定.结果显示:蛋白处理的硅化玻璃表面由疏水变为亲水.蛋白溶液表面张力测定结果表明:rHGFI和rHFBI是表面活性非常强的蛋白,均可使表面张力降低.以常用的食品乳化剂酪蛋白酸钠为对照,检测rHGFI和rHFBI蛋白的发泡能力和泡沫稳定性.0.1%的rHGFI和rHFBI蛋白溶液发泡能力明显高于同浓度的酪蛋白酸钠溶液,rHFBI蛋白溶液的泡沫稳定性最佳.