Some problems encountered in applying Smith's technique to predict the PIO tendency for non-linear pilot-vehicle loop, are thoroughly analyzed. Subsequently, modified PIO predictable criteria are developed, in add...Some problems encountered in applying Smith's technique to predict the PIO tendency for non-linear pilot-vehicle loop, are thoroughly analyzed. Subsequently, modified PIO predictable criteria are developed, in addition, to make also a certain improvement on Smith's PIO definition and PIO types. These modified criteria are applied to predict PIO tendency of various different configurations on the variable stability aircraft NT-33 in case of supposed non-linearity, and predicted results are compared with the flight tests and analytical results in the case of linear hypothesis given in Ref. (4)展开更多
Classical indifference valuation,a widely studied approach in incomplete markets,uses critically the a priori knowledge of the characteristics(arrival,maturity,payoff structure)of the projects in consideration.This as...Classical indifference valuation,a widely studied approach in incomplete markets,uses critically the a priori knowledge of the characteristics(arrival,maturity,payoff structure)of the projects in consideration.This assumption,however,may not accommodate realistic scenarios in which projects,not initially anticipated,arrive at later times.To accommodate this,we employ forward indifference valuation criteria,which by construction are flexible enough to adapt to such"non-anticipated"cases while yielding time-consistent indifference prices.We consider and analyze in detail two representative cases:valuation adjustments due to incoming non-anticipated project and the relative forward indifference valuation of new projects in relation to existing ones.展开更多
文摘Some problems encountered in applying Smith's technique to predict the PIO tendency for non-linear pilot-vehicle loop, are thoroughly analyzed. Subsequently, modified PIO predictable criteria are developed, in addition, to make also a certain improvement on Smith's PIO definition and PIO types. These modified criteria are applied to predict PIO tendency of various different configurations on the variable stability aircraft NT-33 in case of supposed non-linearity, and predicted results are compared with the flight tests and analytical results in the case of linear hypothesis given in Ref. (4)
文摘Classical indifference valuation,a widely studied approach in incomplete markets,uses critically the a priori knowledge of the characteristics(arrival,maturity,payoff structure)of the projects in consideration.This assumption,however,may not accommodate realistic scenarios in which projects,not initially anticipated,arrive at later times.To accommodate this,we employ forward indifference valuation criteria,which by construction are flexible enough to adapt to such"non-anticipated"cases while yielding time-consistent indifference prices.We consider and analyze in detail two representative cases:valuation adjustments due to incoming non-anticipated project and the relative forward indifference valuation of new projects in relation to existing ones.
