A computer analysis of solar heating has been performed for Palestine. Results are presented for a prototype building using either fuel oil or gas under different heating loads in three climatic regions （Jordan valle...A computer analysis of solar heating has been performed for Palestine. Results are presented for a prototype building using either fuel oil or gas under different heating loads in three climatic regions （Jordan valley, coastal, and hilly）. Cumulative cost flows are compared for the life-cycle present value technique. Optimum design magnitudes are determined for maximum life-cycle savings. The payback period for capital invested in a solar system, and total savings are found for the optimum conditions. Variations of system performance are estimated. The effects of collector slope, proportionate storage tank volume, heat-exchanger parameters, and the design load on system performance are studied. Finally the economics of solar heating in Palestine are discussed and recommendations are made for increased utilization of solar energy.展开更多
We address the question of how the structure condition is affected when one possesses some additional information at the very beginning of the investment period.The structure condition represents essentially an altern...We address the question of how the structure condition is affected when one possesses some additional information at the very beginning of the investment period.The structure condition represents essentially an alternative to non-arbitrage conditions for the Markowitz’s portfolio optimization framework,and is crucial for the existence of the optimal portfolio in quadratic utility settings.Herein,we provide practical assumption on the initial market model and the additional information to preserve the structure condition.The stochastic tools that drive this result are a generalization of the Lazaro-Yor representation by Lazaro and Yor(1978)and optional stochastic integral.展开更多
文摘A computer analysis of solar heating has been performed for Palestine. Results are presented for a prototype building using either fuel oil or gas under different heating loads in three climatic regions （Jordan valley, coastal, and hilly）. Cumulative cost flows are compared for the life-cycle present value technique. Optimum design magnitudes are determined for maximum life-cycle savings. The payback period for capital invested in a solar system, and total savings are found for the optimum conditions. Variations of system performance are estimated. The effects of collector slope, proportionate storage tank volume, heat-exchanger parameters, and the design load on system performance are studied. Finally the economics of solar heating in Palestine are discussed and recommendations are made for increased utilization of solar energy.
基金supported by the Natural Sciences and Engineering Research Council of Canada (Grant No. G121210818)National Natural Science Foundation of China (Grant No. 11501105)
文摘We address the question of how the structure condition is affected when one possesses some additional information at the very beginning of the investment period.The structure condition represents essentially an alternative to non-arbitrage conditions for the Markowitz’s portfolio optimization framework,and is crucial for the existence of the optimal portfolio in quadratic utility settings.Herein,we provide practical assumption on the initial market model and the additional information to preserve the structure condition.The stochastic tools that drive this result are a generalization of the Lazaro-Yor representation by Lazaro and Yor(1978)and optional stochastic integral.
