Academic literature on the topic 'Certainty equivalent rate'

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Journal articles on the topic "Certainty equivalent rate"

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He, Yifan, and Svetlozar Rachev. "Exploring Implied Certainty Equivalent Rates in Financial Markets: Empirical Analysis and Application to the Electric Vehicle Industry." Journal of Risk and Financial Management 16, no. 7 (2023): 344. http://dx.doi.org/10.3390/jrfm16070344.

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In this paper, we mainly study the impact of the implied certainty equivalent rate on investment in financial markets. First, we derived the mathematical expression of the implied certainty equivalent rate by using put-call parity, and then we selected some company stocks and options; we considered the best-performing and worst-performing company stocks and options from the beginning of 2023 to the present for empirical research. By visualizing the relationship between the time to maturity, moneyness, and implied certainty equivalent rate of these options, we have obtained a universal conclusi
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Freeman, Mark C., and Ben Groom. "How certain are we about the certainty-equivalent long term social discount rate?" Journal of Environmental Economics and Management 79 (September 2016): 152–68. http://dx.doi.org/10.1016/j.jeem.2016.06.004.

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Klemperer, W. David, James F. Cathcart, Thomas Häring, and Ralph J. Alig. "Risk and the discount rate in forestry." Canadian Journal of Forest Research 24, no. 2 (1994): 390–97. http://dx.doi.org/10.1139/x94-052.

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One of the most common ways to account for investment risk is to add a risk premium to the risk-free discount rate when computing present values of expected revenues which are uncertain. Using certainty-equivalent analysis, we show that the correct risk premium for short-term investments can easily be in the commonly used 7-percentage-point range. But for such risk premiums to be appropriate for long-term forestry investments, the necessary certainty-equivalent conditions often seem to be unreasonably restrictive. Results suggest that the appropriate risk premium may decline with lengthening p
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DEVADOSS, STEPHEN, and JEFF LUCKSTEAD. "EFFECTS OF THE 2014 FARM BILL POLICIES ON COTTON PRODUCTION." Journal of Agricultural and Applied Economics 50, no. 2 (2018): 169–87. http://dx.doi.org/10.1017/aae.2017.28.

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AbstractWe develop a model for a representative risk-averse cotton farmer to analyze the impact of crop insurance policies (Revenue Protection [RP], Yield Protection, Stacked Income Protection Plan [STAX], and Supplemental Coverage Option [SCO]). The model is calibrated and numerically optimized to quantify the effects of different insurance policy combinations on input use (moral hazard), insurance coverage levels, premiums, and certainty equivalent. When the farmer elects only RP, the optimal coverage rate is 80%. Under RP and STAX, the optimal RP coverage rate is 70% and the STAX coverage r
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Balbus, Łukasz. "On recursive utilities with non-affine aggregator and conditional certainty equivalent." Economic Theory 70, no. 2 (2019): 551–77. http://dx.doi.org/10.1007/s00199-019-01221-8.

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Abstract In this paper, we consider the problem of the existence and the uniqueness of a recursive utility function defined on intertemporal lotteries. The purpose of this paper is to provide the results of the existence and the uniqueness of a recursive utility function. The utility function is obtained as the limit of iterations on a nonlinear operator and is independent on initial starting points, with iterations converging at an exponential rate. We also find the maximum utility and an optimal strategy by means of iterations of the Bellman operator.
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Groom, Ben, Phoebe Koundouri, Ekaterini Panopoulou, and Theologos Pantelidis. "Discounting the distant future: How much does model selection affect the certainty equivalent rate?" Journal of Applied Econometrics 22, no. 3 (2007): 641–56. http://dx.doi.org/10.1002/jae.937.

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Luo, Zhongde, та Shide Ou. "The almost sure convergence rate of the estimator of optimized certainty equivalent risk measure under α-mixing sequences". Communications in Statistics - Theory and Methods 46, № 16 (2016): 8166–77. http://dx.doi.org/10.1080/03610926.2016.1175630.

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Nippani, Srinivas. "Why the risk-adjusted discount rate method is a better method than the certainty equivalent method: a teaching perspective." Afro-Asian J. of Finance and Accounting 7, no. 2 (2017): 147. http://dx.doi.org/10.1504/aajfa.2017.084225.

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Nippani, Srinivas. "Why the risk-adjusted discount rate method is a better method than the certainty equivalent method: a teaching perspective." Afro-Asian J. of Finance and Accounting 7, no. 2 (2017): 147. http://dx.doi.org/10.1504/aajfa.2017.10005180.

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Moore, Mark A., Anthony E. Boardman, and Aidan R. Vining. "Risk in Public Sector Project Appraisal: It Mostly Does Not Matter!" Public Works Management & Policy 22, no. 4 (2017): 301–21. http://dx.doi.org/10.1177/1087724x17709482.

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Public project appraisal using cost-benefit analysis (CBA) requires analysts to project risky net benefits and to convert these into present values using a social discount rate (SDR). We consider which types of risk matter for CBA. For small projects with only idiosyncratic risks, expected net benefits should be discounted at a risk-free SDR. If projects are large or expected net benefits are correlated with aggregate consumption, the alternatives are to replace expected net benefits with their certainty equivalents (CEs) and to discount these at a risk-free SDR, or to discount expected net be
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Books on the topic "Certainty equivalent rate"

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Ekaterini, Panopoulour, ed. Discounting the future: How much does model selection affect the certainty equivalent rate? Department of Economics, National University of Ireland, Galway, 2005.

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Jones, D. Marvin. Dangerous Spaces. ABC-CLIO, LLC, 2016. http://dx.doi.org/10.5040/9798400637704.

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An eye-opening, unapologetic explanation of what “racial profiling” is in modern-day America: systematic targeting of communities and placing of suspicion on populations, on the basis of not only ethnicity but also certain places that are linked to the social identity of that group. In 21st-century, post-civil rights era America, “race” has become complex and intersectional. It is no longer simply a matter of color—black versus white—contends author D. Marvin Jones, but equally a matter of space or “geographies of fear,” which he defines as spaces in which different groups are particularly vul
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Book chapters on the topic "Certainty equivalent rate"

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Ruegg, Rosalie T., and Harold E. Marshall. "Risk-Adjusted Discount Rate and Certainty Equivalent Techniques." In Building Economics: Theory and Practice. Springer US, 1990. http://dx.doi.org/10.1007/978-1-4757-4688-4_16.

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Kahraman, Cengiz, and Elif Haktanır. "Fuzzy Risk Adjusted Discount Rate and Certainty Equivalent Methods." In Fuzzy Investment Decision Making with Examples. Springer Nature Switzerland, 2024. http://dx.doi.org/10.1007/978-3-031-54660-0_10.

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Grellier, Adèle, David Bulteel, and Luc Courard. "Recycled Brick Fines for New Alkali Activated Binder." In Springer Proceedings in Materials. Springer Nature Switzerland, 2024. http://dx.doi.org/10.1007/978-3-031-72955-3_19.

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AbstractThe construction industry today produces huge quantities of wastes, especially during the deconstruction and demolition of buildings. Ceramics and bricks represent a significant part of this inert waste in Belgium and Northern France. The recycling of bricks is already carried out in the form of aggregates used in road embankments. But this constitutes what is called a “downcycling” operation. The investigated way is here a valorization with higher added value in alkali-activated materials through substitution of blast furnace slag (GGBFS) by brick fines with a grain size D50 = 20 µm.
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Mulay, Amrut, and Vadher Sameer. "Evaluation of Forming Factors for Titanium Gr. 2 Alloy Sheets with Multistage SPIF Process." In Lecture Notes in Mechanical Engineering. Springer International Publishing, 2024. http://dx.doi.org/10.1007/978-3-031-58006-2_4.

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AbstractIn the vast prospects for automation, incremental sheet forming (ISF) is a reliable sector on which the industry may focus in the future. Due to spring back, poor surface finish, and production time, ISF has yet to apply in broad prospects in mainstream high-value manufacturing sectors. ISF performance is affected by process factors such as vertical step depth, feed rate, spindle speed, forming angle, tool path, intermetallic friction, and bending forces. One of the variants of ISF processes is Single Point Incremental Forming (SPIF). The formability of the SPIF process increases by in
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Malisch, Rainer, Alexander Schächtele, Ralf Lippold, et al. "Overall Conclusions and Key Messages of the WHO/UNEP-Coordinated Human Milk Studies on Persistent Organic Pollutants." In Persistent Organic Pollutants in Human Milk. Springer International Publishing, 2023. http://dx.doi.org/10.1007/978-3-031-34087-1_16.

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AbstractBuilding on the two rounds of exposure studies with human milk coordinated by the World Health Organization (WHO) in the mid-1980s and 1990s on polychlorinated biphenyls (PCB), polychlorinated dibenzo-p-dioxins (PCDD), and polychlorinated dibenzofurans (PCDF), five expanded studies on persistent organic pollutants (POPs) were performed between 2000 and 2019. After the adoption of the Stockholm Convention on POPs (the Convention) in 2001, WHO and the United Nations Environment Programme (UNEP) collaborated in joint studies starting in 2004. The collaboration aimed at provision of POPs d
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Gollier, Christian. "Evaluation of Risky Projects." In Pricing the Planet's Future. Princeton University Press, 2012. http://dx.doi.org/10.23943/princeton/9780691148762.003.0012.

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This chapter provides a short overview of the main concepts, ideas, and tools that have been produced by more than fifty years of research in the evaluation of risky projects and risky assets. It is devoted to the analysis of the risk premium for risky projects that should be added to the discount rate for safe projects. Here, valuing risky projects introduces a new dimension to the theory of investment. We have shown that this new dimension can be treated by transforming each future cash flow into its certainty equivalent. By doing this, one is back to the problem of evaluating a safe project
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Kulak, K., G. Fox, J. Dekkers, J. Wilton, and J. Gibson. "Deriving Risk Rated Economic Values using the Certainty Equivalent Profit Model." In Book of Abstracts of the 48th Annual Meeting of the European Association for Animal Production. Brill | Wageningen Academic, 1998. https://doi.org/10.1163/9789004683976_015.

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Lei, Junwei, Xiao Cong, and Heng Li. "Research on Interference Observation and Tracking Control of Pitch Angle for Unmanned Aircraft." In Advances in Transdisciplinary Engineering. IOS Press, 2024. http://dx.doi.org/10.3233/atde240288.

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This article focuses on the design of linear and nonlinear disturbance observers for the disturbance term of the attitude angular rate submodel of the simplified model of attitude stability in the pitch channel of unmanned aircraft. and the disadvantages of engineering implementation of nonlinear disturbance observers is analyzed. On this basis, a disturbance observation tracking controller for the pitch attitude angle was designed through nonlinear equivalent control and state feedback. By selecting the hurwitz coefficients of the controller , the stability of the system was ensured. And thro
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Baranov, L. A., and Y. A. Ermolin. "AN OPERATIONAL RELIABILITY MEASURE FOR ONE CLASS OF TECHNICAL OBJECTS." In Intellectual Transport Systems. Russian University of Transport, Moscow, Russian Federation, 2023. http://dx.doi.org/10.30932/9785002182794-2023-34-37.

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The reliability of one class of technical objects – tree-like transportation networks – is discussed. Mathematically, such a network as a oriented, simple connected, acyclic graph is represented. A network accomplished the «collecting» function and is designed for transportation of 2product» from several inlet vertex to one output. The operational reliability measure of object as the ratio of product volume undelivered to an output resulting from network elements failures, to f volume arrived at network inputs during a certain time is proposed. The basis for developed method is a representatio
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Boelens, Petra G., C. B. M. van den Broek, and Cornelis J. H. van de Velde. "Practice points for surgical oncology." In Oxford Textbook of Oncology. Oxford University Press, 2016. http://dx.doi.org/10.1093/med/9780199656103.003.0019.

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Cancer surgery remains the cornerstone of curative cancer treatment for most solid cancers. Staging, resectability and timing of surgery should be discussed in a multidisciplinary team. Complete resection offers the best prognosis at many stages. Anatomical planes of surgery need to be taught and respected to reduce locoregional recurrence rate. Age, comorbidities, and patient preferences are important to consider before surgical treatment is advised. Minimal invasive techniques have shown equivalence in oncologic outcome for certain cancer types and established benefits in short-term outcomes
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Conference papers on the topic "Certainty equivalent rate"

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Macak, J., P. Sajdl, P. Kucera, and R. Novotny. "In-Situ Study of High Temperature Aqueous Corrosion by Electrochemical Techniques." In CORROSION 2005. NACE International, 2005. https://doi.org/10.5006/c2005-05336.

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Abstract The aim of the presented paper is to describe high-temperature in-situ electrochemical measurements performed at the conditions of PWR′s (Pressurised Water Reactor) secondary cycle. Original electrode system was designed to allow consecutive electrochemical impedance and electrochemical noise measurements. All measurements were performed on austenitic 08CH18N10T steel (corresponding to UNS S32100), which is the standard material of steam generator tubes of VVER440 and VVER1000 nuclear power stations. A proper choice of an equivalent circuit for impedance spectra analysis is discussed.
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Kagay, Brian, Kip Findley, and Steve Coryell. "Comparison of Slow Strain Rate, Incremental Step Load, and Rising Displacement Hydrogen Embrittlement Testing of UNS N07718." In CORROSION 2018. NACE International, 2018. https://doi.org/10.5006/c2018-11535.

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Abstract The influence of loading mode and specimen geometry on the measured hydrogen embrittlement susceptibility of UNS N07718 (alloy 718) has been assessed. Slow strain rate (SSR) experiments were performed with smooth specimens, while incremental step load (ISL) testing and rising displacement (RD) testing were performed on circular notch tensile (CNT) specimens with cathodic hydrogen charging. Several microstructures of alloy 718 with different strength levels and amounts of grain boundary δ phase precipitation were evaluated. Fracture modes were also evaluated with scanning electron micr
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Scully, J. R., and S. T. Hensley. "Lifetime Prediction of Organic Coatings on Steel and Magnesium Using Electrochemical Impedance." In CORROSION 1993. NACE International, 1993. https://doi.org/10.5006/c1993-93359.

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Abstract The results of electrochemical impedance studies on an epoxy polyamide coated steel and an epoxy/chromate conversion coated magnesium alloy are discussed here. Both coating systems were immersed in room temperature aqueous sodium chloride solution. Correlation of impedance parameters obtained early in exposure with long term visual appearance demonstrates that certain impedance parameters (i.e. low frequency impedance, coating resistance, and breakpoint frequency) provide information on the long-term performance of the coated metal system. However, it will be shown that more conservat
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Crolet, J. L., and M. R. Bonis. "Algorithm of the Protectiveness of Corrosion Layers 1 - Protectiveness Mechanisms and CO2 Corrosion Prediction." In CORROSION 2010. NACE International, 2010. https://doi.org/10.5006/c2010-10363.

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Abstract The predictions of the so called CO2 or sweet corrosion and the so called H2S or sour corrosion are questions raised and still pending for over 60 years. A reliable prediction actually requires one to understand when high or low corrosion rates are encountered in E&P operations (field data), how they can occur (comprehension of the various mechanisms ruling the corrosion layer protectiveness), and finally why they do occur (link between data and mechanisms). So far, however, and despite long lasting researches, these three aspects had always been studied separately. After a short
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Palmer, Johannes, and Thomas Hennig. "Accurate Short Period Corrosion Growth Rates From Combined MFL-UT Inline Inspection: A Case Study." In 2012 9th International Pipeline Conference. American Society of Mechanical Engineers, 2012. http://dx.doi.org/10.1115/ipc2012-90273.

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Inline inspection (ILI) identifies most significant anomalies - at the time of inspection. To recognize those individual features, which have the highest potential to enter these ranks, perhaps soon, is a challenging question, which is not necessarily covered with established ILI approaches. Whether the circumstances permit the identification and reliable description of individual corrosion hot spots depend on the ILI quality, the specific feature shape-dependent sizing, the comparability of the data and the time-dependent development of the anomaly. This case study demonstrates the enormous b
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Ait-Kadi, A., P. Marchal, A. S. Chrissemant, M. Bousmina, and L. Choplin. "Mixer-Type Rheometry for Complex Fluids." In ASME 1997 International Mechanical Engineering Congress and Exposition. American Society of Mechanical Engineers, 1997. http://dx.doi.org/10.1115/imece1997-0483.

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Abstract A procedure to quantitatively analyze torque/rotor speed data in order to extract viscosity/shear-rate curves using non conventional geometries is presented. The approach is based on the Couette analogy. It is first validated using a relatively simple geometry for which the equivalent internal radius used in the analogy can be analytically obtained. The results showed that the equivalent internal radius depends only slightly on the nature of the fluid. The experimental results with complex geometries and complex fluids are found to coincide, within experimental errors, with those obta
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Marschner, U., J. Páez Chávez, A. Voigt, and Andreas Richter. "Equivalent Circuit of the Concentration Transport in a Fluidic Channel." In ASME 2016 Conference on Smart Materials, Adaptive Structures and Intelligent Systems. American Society of Mechanical Engineers, 2016. http://dx.doi.org/10.1115/smasis2016-9118.

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A new equivalent circuit is presented, which describes the transport of a chemical solution with a certain concentration in a fluidic channel. Channels are basic parts of a microfluidic systems and the concentration of the chemical solution can control the opening and closing of valves based on smart hydrogels. This type of microfluidic systems facilitates the autonomous control of fluid flow, e.g. in chemo-fluidic oscillators. Through this channel, the solution is transported at a velocity determined by the flow rate through the channel and its cross section. While the volumetric flow is not
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Sayad, Parisa, Alessandro Schönborn, Denny Clerini, and Jens Klingmann. "Experimental Investigation of Methane Lean Blowout Limit; Effects of Dilution, Mass Flow Rate and Inlet Temperature." In ASME 2012 Gas Turbine India Conference. American Society of Mechanical Engineers, 2012. http://dx.doi.org/10.1115/gtindia2012-9742.

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Lean blowout (LBO) is one of the major instability problems of premixed combustion. LBO equivalence ratio is a function of inlet temperature and pressure, mass flow or aerodynamic loading, and fuel composition. All these, except the last, vary during startup and with load. Developing gas turbine combustors capable of operating within wider range of fuel compositions requires extensive knowledge about instability limits of the combustor at different operating conditions. In this work an atmospheric variable swirl combustor was used to study the influence of inlet temperature, mass flow, swirl n
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Tanić, Milan, Denis Dinić, and Stevan Stupar. "Determination of natural background radiation in an urban area as an aspect of nuclear security detection architecture: An example from the City of Kruševac, Serbia." In 11th International Scientific Conference on Defensive Technologies - OTEX 2024. Military Technical Institute, Belgrade, 2024. http://dx.doi.org/10.5937/oteh24093t.

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The potential consequences of a nuclear security event could be catastrophic; therefore, all appropriate measures should be taken to prevent them. Detection, as one of nuclear security's functions, involves recognizing criminal or unauthorized acts with nuclear security implications, or measurements indicating the unauthorized presence of nuclear or other radioactive material at associated facilities, activities, or strategic locations. Determining natural background radiation in advance for such locations can certainly enhance the effectiveness of nuclear security detection architecture. In t
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Westfall, Seth, Olivia Sekulich, Wyatt Culler, Stephen Peluso, and Jacqueline O’Connor. "Quantification of Variation in Combustion Instability Amplitude in a Multi-Nozzle Can Combustor." In ASME Turbo Expo 2020: Turbomachinery Technical Conference and Exposition. American Society of Mechanical Engineers, 2020. http://dx.doi.org/10.1115/gt2020-16042.

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Abstract In this work, we quantify the level of variation in unstable combustion oscillation amplitudes and identify the source of this variation in a multi-nozzle can combustor. At conditions where pollutant emissions are reduced, lean-premixed combustors can undergo thermoacoustic instability when pressure and heat release rate oscillations couple. A commonly used method for suppressing instability is fuel staging, which is a method where fuel is unevenly distributed between nozzles in a multi-nozzle combustor. Our work follows others who have characterized the effect of fuel staging on comb
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