4.8 Exponential Growth and Decay; Newton s Law; Logistic Growth and Decay

Size: px
Start display at page:

Download "4.8 Exponential Growth and Decay; Newton s Law; Logistic Growth and Decay"

Transcription

1 324 CHAPTER 4 Exponenial and Logarihmic Funcions 4.8 Exponenial Growh and Decay; Newon s Law; Logisic Growh and Decay OBJECTIVES 1 Find Equaions of Populaions Tha Obey he Law of Uninhibied Growh 2 Find Equaions of Populaions Tha Obey he Law of Decay 3 Use Newon s Law of Cooling 4 Use Logisic Models 1 Find Equaions of Populaions Tha Obey he Law of Uninhibied Growh Many naural phenomena have been found o follow he law ha an amoun A varies wih ime according o

2 SECTION 4.8 Exponenial Growh and Decay; Newon s Law; Logisic Growh and Decay 32 A = A e k (1) Here A is he original amoun 1 = 2 and k Z is a consan. If k 7, hen equaion (1) saes ha he amoun A is increasing over ime; if k 6, he amoun A is decreasing over ime. In eiher case, when an amoun A varies over ime according o equaion (1), i is said o follow he exponenial law or he law of uninhibied growh 1k 7 2 or decay 1k 6 2. See Figure 2. Figure 2 A A A A (a) A( ) A e k, k (b) A( ) A e k, k For example, we saw in Secion 4.7 ha coninuously compounded ineres follows he law of uninhibied growh. In his secion we shall look a hree addiional phenomena ha follow he exponenial law. Cell division is he growh process of many living organisms, such as amoebas, plans, and human skin cells. Based on an ideal siuaion in which no cells die and no by-producs are produced, he number of cells presen a a given ime follows he law of uninhibied growh. Acually, however, afer enough ime has passed, growh a an exponenial rae will cease due o he influence of facors such as lack of living space and dwindling food supply. The law of uninhibied growh accuraely reflecs only he early sages of he cell division process. The cell division process begins wih a culure conaining N cells. Each cell in he culure grows for a cerain period of ime and hen divides ino wo idenical cells. We assume ha he ime needed for each cell o divide in wo is consan and does no change as he number of cells increases. These new cells hen grow, and evenually each divides in wo, and so on. Uninhibied Growh of Cells A model ha gives he number N of cells in a culure afer a ime has passed (in he early sages of growh) is N12 = N e k, k 7 (2) where N is he iniial number of cells and k is a posiive consan ha represens he growh rae of he cells. In using formula (2) o model he growh of cells, we are using a funcion ha yields posiive real numbers, even hough we are couning he number of cells, which mus be an ineger. This is a common pracice in many applicaions.

3 326 CHAPTER 4 Exponenial and Logarihmic Funcions EXAMPLE 1 Bacerial Growh A colony of baceria grows according o he law of uninhibied growh according o he funcion N12 = 1e.4, where N is measured in grams and is measured in days. (a) Deermine he iniial amoun of baceria. (b) Wha is he growh rae of he baceria? (c) Graph he funcion using a graphing uiliy. (d) Wha is he populaion afer days? (e) How long will i ake for he populaion o reach 14 grams? (f) Wha is he doubling ime for he populaion? Soluion (a) The iniial amoun of baceria, N, is obained when =, so N = N12 = 1e.412 = 1 grams. Figure (b) Compare N12 = 1e.4 o N12 = 1e k. The value of k,.4, indicaes a growh rae of 4.%. (c) Figure 3 shows he graph of N12 = 1e.4. (d) The populaion afer days is N12 = 1e.412 = 12.2 grams. (e) To find how long i akes for he populaion o reach 14 grams, we solve he equaion N12 = 14. 1e.4 = 14 e.4 = = ln 1.4 ln 1.4 =.4 L 7. days Divide boh sides of he equaion by 1. Rewrie as a logarihm. Divide boh sides of he equaion by.4. (f) The populaion doubles when N12 = 2 grams, so we find he doubling ime by solving he equaion 2 = 1e.4 for. 2 = 1e.4 2 = e.4 Divide boh sides of he equaion by 1. ln 2 =.4 Rewrie as a logarihm. = ln 2 Divide boh sides of he equaion by.4..4 L 1.4 days The populaion doubles approximaely every 1.4 days. NOW WORK PROBLEM 1. EXAMPLE 2 Bacerial Growh A colony of baceria increases according o he law of uninhibied growh. (a) If he number of baceria doubles in 3 hours, find he funcion ha gives he number of cells in he culure. (b) How long will i ake for he size of he colony o riple? (c) How long will i ake for he populaion o double a second ime (ha is, increase four imes)?

4 SECTION 4.8 Exponenial Growh and Decay; Newon s Law; Logisic Growh and Decay 327 Soluion (a) Using formula (2), he number N of cells a a ime is k N12 = N e where N is he iniial number of baceria presen and k is a posiive number. We firs seek he number k. The number of cells doubles in 3 hours, so we have Bu N132 = N e k132, so N132 = 2N N e k132 = 2N e 3k = 2 3k = ln 2 Divide boh sides by N. Wrie he exponenial equaion as a logarihm. k = 1 3 ln 2 Formula (2) for his growh process is herefore (b) The ime needed for he size of he colony o riple requires ha N = 3N. We subsiue 3N for N o ge a 1 ln 2b = ln 3 3 a N12 = N e 1 ln 2b 3 a 3N = N e 1 ln 2b 3 a 3 = e 1 ln 2b 3 = 3 ln 3 ln 2 L 4.7 hours I will ake abou 4.7 hours or 4 hours, 4 minues for he size of he colony o riple. (c) If a populaion doubles in 3 hours, i will double a second ime in 3 more hours, for a oal ime of 6 hours. 2 Find Equaions of Populaions Tha Obey he Law of Decay Radioacive maerials follow he law of uninhibied decay. Uninhibied Radioacive Decay The amoun A of a radioacive maerial presen a ime is given by A12 = A e k, k 6 (3) A where is he original amoun of radioacive maerial and k is a negaive number ha represens he rae of decay. All radioacive subsances have a specific half-life, which is he ime required for half of he radioacive subsance o decay. In carbon daing, we use he fac ha all living organisms conain wo kinds of carbon, carbon 12 (a sable carbon) and carbon 14 (a radioacive carbon wih a half-life of 6 years). While an organism is living, he

5 328 CHAPTER 4 Exponenial and Logarihmic Funcions raio of carbon 12 o carbon 14 is consan. Bu when an organism dies, he original amoun of carbon 12 presen remains unchanged, whereas he amoun of carbon 14 begins o decrease. This change in he amoun of carbon 14 presen relaive o he amoun of carbon 12 presen makes i possible o calculae when an organism died. EXAMPLE 3 Soluion Esimaing he Age of Ancien Tools Traces of burned wood along wih ancien sone ools in an archeological dig in Chile were found o conain approximaely 1.67% of he original amoun of carbon 14. (a) If he half-life of carbon 14 is 6 years, approximaely when was he ree cu and burned? (b) Using a graphing uiliy, graph he relaion beween he percenage of carbon 14 remaining and ime. (c) Deermine he ime ha elapses unil half of he carbon 14 remains. This answer should equal he half-life of carbon 14. (d) Use a graphing uiliy o verify he answer found in par (a). (a) Using formula (3), he amoun A of carbon 14 presen a ime is A where is he original amoun of carbon 14 presen and k is a negaive number. We firs seek he number k. To find i, we use he fac ha afer 6 years half of he original amoun of carbon 14 remains, so Then, 1 2 A = A e k = e6k k A12 = A e A162 = 1 2 A. Divide boh sides of he equaion by A. 6k = Rewrie as a logarihm. Formula (3) herefore becomes If he amoun A of carbon 14 now presen is 1.67% of he original amoun, i follows ha.167a = A e 6 k = 1 6 L A12 = A e = e 6 Divide boh sides of he equaion by A. = ln = 6 ln.167 L 33,62 years Rewrie as a logarihm.

6 SECTION 4.8 Exponenial Growh and Decay; Newon s Law; Logisic Growh and Decay 329 Figure 4 1 The ree was cu and burned abou 33,62 years ago. Some archeologiss use his conclusion o argue ha humans lived in he Americas 33, years ago, much earlier han is generally acceped. (b) Figure 4 shows he graph of y = e where y is he fracion of carbon 14 presen and x is he ime. 6 x, (c) By graphing Y 1 =. and Y 2 = e where x is ime, and using INTERSECT, we find ha i akes 6 years unil half he carbon 14 remains. The half-life of carbon 14 is 6 years. 6 x, 4, 6 (d) By graphing Y and Y 2 = e x 1 =.167, where x is ime, and using INTERSECT, we find ha i akes 33,62 years unil 1.67% of he carbon 14 remains. NOW WORK PROBLEM 3. 3 Use Newon s Law of Cooling Newon s Law of Cooling * saes ha he emperaure of a heaed objec decreases exponenially over ime oward he emperaure of he surrounding medium. Newon s Law of Cooling The emperaure u of a heaed objec a a given ime can be modeled by he following funcion: u12 = T + 1u - T2e k, k 6 (4) is he ini- where T is he consan emperaure of he surrounding medium, ial emperaure of he heaed objec, and k is a negaive consan. u EXAMPLE 4 Using Newon s Law of Cooling An objec is heaed o 1 C (degrees Celsius) and is hen allowed o cool in a room whose air emperaure is 3 C. (a) If he emperaure of he objec is 8 C afer minues, when will is emperaure be C? (b) Using a graphing uiliy, graph he relaion found beween he emperaure and ime. (c) Using a graphing uiliy, verify ha afer 18.6 minues he emperaure is C. (d) Using a graphing uiliy, deermine he elapsed ime before he objec is 3 C. (e) Wha do you noice abou he emperaure as ime passes? Soluion (a) Using formula (4) wih T = 3 and u = 1, he emperaure (in degrees Celsius) of he objec a ime (in minues) is u12 = e k = 3 + 7e k * Named afer Sir Isaac Newon ( ), one of he cofounders of calculus.

7 33 CHAPTER 4 Exponenial and Logarihmic Funcions where k is a negaive consan. To find k, we use he fac ha u = 8 when =. Then 8 = 3 + 7e k12 = 7e k e k = 7 k = Formula (4) herefore becomes We wan o find when u = C, so e k = 1 L = 7e = 2 7 u12 = 3 + 7e = 3 + 7e = ln 2 7 = 2 ln 7 L 18.6 minues Figure 1 The emperaure of he objec will be C afer abou 18.6 minues or 18 minues, 37 seconds. (b) Figure shows he graph of y = 3 + 7e x is he ime. where y is he emperaure and (c) By graphing Y1 = and Y 2 = 3 + 7e where x is ime, and using INTER- SECT, we find ha i akes x = 18.6 minues (18 minues, 37 seconds) for he emperaure o cool o C. (d) By graphing Y 1 = 3 and Y 2 = 3 + 7e where x is ime, and using INTER- SECT, we find ha i akes x = minues (39 minues, 13 seconds) for he emperaure o cool o 3 C. x (e) As x increases, he value of e approaches zero, so he value of y, he emperaure of he objec, approaches 3 C, he air emperaure of he room. x, x, x, NOW WORK PROBLEM Use Logisic Models The exponenial growh model A12 = A e k, k 7, assumes uninhibied growh, meaning ha he value of he funcion grows wihou limi. Recall ha we saed

8 SECTION 4.8 Exponenial Growh and Decay; Newon s Law; Logisic Growh and Decay 331 ha cell division could be modeled using his funcion, assuming ha no cells die and no by-producs are produced. However, cell division would evenually be limied by facors such as living space and food supply. The logisic model can describe siuaions where he growh or decay of he dependen variable is limied. The logisic model is given nex. Logisic Model In a logisic growh model, he populaion P afer ime obeys he equaion P12 = c 1 + ae -b () where a, b, and c are consans wih c 7. The model is a growh model if b 7 ; he model is a decay model if b 6. Figure 6 The number c is called he carrying capaciy (for growh models) because he value P12 approaches c as approaches infiniy; ha is, lim P12 = c. The number : q ƒbƒ is he growh rae for b 7 and he decay rae for b 6. Figure 6(a) shows he graph of a ypical logisic growh funcion, and Figure 6(b) shows he graph of a ypical logisic decay funcion. P( ) y c P( ) (, P()) y c 1 c 2 Inflecion poin 1 c 2 Inflecion poin (, P()) (a) (b) Based on he figures, we have he following properies of logisic growh funcions. Properies of he Logisic Growh Funcion, Equaion () 1. The domain is he se of all real numbers. The range is he inerval 1, c2, where c is he carrying capaciy. 2. There are no x-inerceps; he y-inercep is P There are wo horizonal asympoes: y = and y = c. 4. P12 is an increasing funcion if b 7 and a decreasing funcion if b There is an inflecion poin where P12 equals of he carrying capaciy. 2 The inflecion poin is he poin on he graph where he graph changes from being curved upward o curved downward for growh funcions and he poin where he graph changes from being curved downward o curved upward for decay funcions. 6. The graph is smooh and coninuous, wih no corners or gaps.

9 332 CHAPTER 4 Exponenial and Logarihmic Funcions EXAMPLE Frui Fly Populaion Frui flies are placed in a half-pin milk bole wih a banana (for food) and yeas plans (for food and o provide a simulus o lay eggs). Suppose ha he frui fly populaion afer days is given by P12 = (a) Sae he carrying capaciy and he growh rae. (b) Deermine he iniial populaion. (c) Use a graphing uiliy o graph P12. (d) Wha is he populaion afer days? (e) How long does i ake for he populaion o reach 18? (f) How long does i ake for he populaion o reach one-half of he carrying capaciy? e -.37 Figure 7 2 Soluion (a) As : q, e -.37 : and P12 : >1. The carrying capaciy of he half-pin bole is frui flies. The growh rae is ƒbƒ = ƒ.37ƒ = 37%. (b) To find he iniial number of frui flies in he half-pin bole, we evaluae P12. So iniially here were 4 frui flies in he half-pin bole. (c) See Figure 7 for he graph of P12. (d) To find he number of frui flies in he half-pin bole afer days, we evaluae P12. P12 = P12 = = = e L 23 frui flies e 2 Afer days, here are approximaely 23 frui flies in he bole. (e) To deermine when he populaion of frui flies will be 18, we solve he equaion e -.37 = 18 = e = e = 6.e = e -.37 ln1.492 = -.37 L 14.4 days Divide boh sides by 18. Subrac 1 from boh sides. Divide boh sides by 6.. Rewrie as a logarihmic expression. Divide boh sides by I will ake approximaely 14.4 days (14 days, 9 hours) for he populaion o reach 18 frui flies.

10 SECTION 4.8 Exponenial Growh and Decay; Newon s Law; Logisic Growh and Decay 333 We could also solve his problem by graphing Y 1 = Y 2 = 18 and using INTERSECT. See Figure e -.37 (f) One-half of he carrying capaciy is 11 frui flies. We solve P12 = 11 by graphing Y 1 = and Y 2 = 11 and using INTERSECT. See e -.37 Figure 9. The populaion will reach one-half of he carrying capaciy in abou 1.9 days (1 days, 22 hours). and Figure 8 Figure 9 2 Y e.37 Y Y e.37 Y Exploraion On he same viewing recangle, graph Y 1 = and Y 2 = e e -.8. Wha effec does he growh rae ƒbƒ have on he logisic growh funcion? Look back a Figure 9. Noice he poin where he graph reaches 11 frui flies (one-half of he carrying capaciy): he graph changes from being curved upward o being curved downward. Using he language of calculus, we say he graph changes from increasing a an increasing rae o increasing a a decreasing rae. For any logisic growh funcion, when he populaion reaches one-half he carrying capaciy, he populaion growh sars o slow down. NOW WORK PROBLEM 21. EXAMPLE 6 Wood Producs The EFISCEN wood produc model classifies wood producs according o heir life-span. There are four classificaions; shor (1 year), medium shor (4 years), medium long (16 years), and long ( years). Based on daa obained from he European Fores Insiue, he percenage of remaining wood producs afer years for wood producs wih long life-spans (such as hose used in he building indusry) is given by P12 = e.81 (a) Wha is he decay rae? (b) Use a graphing uiliy o graph P12. (c) Wha is he percenage of remaining wood producs afer 1 years? (d) How long does i ake for he percenage of remaining wood producs o reach percen? (e) Explain why he numeraor given in he model is reasonable.

11 334 CHAPTER 4 Exponenial and Logarihmic Funcions Figure 6 11 Soluion (a) The decay rae is ƒbƒ = ƒ -.81ƒ =.81%. (b) The graph of P12 is given in Figure 6. (c) Evaluae P112. P112 = L e 1 So 9% of wood producs remain afer 1 years. (d) Solve he equaion P12 = e.81 = = e = e =.316e = e.81 ln =.81 L 9.6 years Divide boh sides by. Subrac 1 from boh sides. Divide boh sides by.316. Rewrie as a logarihmic expression. Divide boh sides by.81. I will ake approximaely 9.6 years for he percenage of wood producs remaining o reach %. (e) The numeraor of is reasonable because he maximum percenage of wood producs remaining ha is possible is 1%. NOW WORK PROBLEM 27.

Name: Algebra II Review for Quiz #13 Exponential and Logarithmic Functions including Modeling

Name: Algebra II Review for Quiz #13 Exponential and Logarithmic Functions including Modeling Name: Algebra II Review for Quiz #13 Exponenial and Logarihmic Funcions including Modeling TOPICS: -Solving Exponenial Equaions (The Mehod of Common Bases) -Solving Exponenial Equaions (Using Logarihms)

More information

cooking trajectory boiling water B (t) microwave 0 2 4 6 8 101214161820 time t (mins)

cooking trajectory boiling water B (t) microwave 0 2 4 6 8 101214161820 time t (mins) Alligaor egg wih calculus We have a large alligaor egg jus ou of he fridge (1 ) which we need o hea o 9. Now here are wo accepable mehods for heaing alligaor eggs, one is o immerse hem in boiling waer

More information

Chapter 7. Response of First-Order RL and RC Circuits

Chapter 7. Response of First-Order RL and RC Circuits Chaper 7. esponse of Firs-Order L and C Circuis 7.1. The Naural esponse of an L Circui 7.2. The Naural esponse of an C Circui 7.3. The ep esponse of L and C Circuis 7.4. A General oluion for ep and Naural

More information

Chapter 4: Exponential and Logarithmic Functions

Chapter 4: Exponential and Logarithmic Functions Chaper 4: Eponenial and Logarihmic Funcions Secion 4.1 Eponenial Funcions... 15 Secion 4. Graphs of Eponenial Funcions... 3 Secion 4.3 Logarihmic Funcions... 4 Secion 4.4 Logarihmic Properies... 53 Secion

More information

Mathematics in Pharmacokinetics What and Why (A second attempt to make it clearer)

Mathematics in Pharmacokinetics What and Why (A second attempt to make it clearer) Mahemaics in Pharmacokineics Wha and Why (A second aemp o make i clearer) We have used equaions for concenraion () as a funcion of ime (). We will coninue o use hese equaions since he plasma concenraions

More information

CHARGE AND DISCHARGE OF A CAPACITOR

CHARGE AND DISCHARGE OF A CAPACITOR REFERENCES RC Circuis: Elecrical Insrumens: Mos Inroducory Physics exs (e.g. A. Halliday and Resnick, Physics ; M. Sernheim and J. Kane, General Physics.) This Laboraory Manual: Commonly Used Insrumens:

More information

AP Calculus BC 2010 Scoring Guidelines

AP Calculus BC 2010 Scoring Guidelines AP Calculus BC Scoring Guidelines The College Board The College Board is a no-for-profi membership associaion whose mission is o connec sudens o college success and opporuniy. Founded in, he College Board

More information

Appendix A: Area. 1 Find the radius of a circle that has circumference 12 inches.

Appendix A: Area. 1 Find the radius of a circle that has circumference 12 inches. Appendi A: Area worked-ou s o Odd-Numbered Eercises Do no read hese worked-ou s before aemping o do he eercises ourself. Oherwise ou ma mimic he echniques shown here wihou undersanding he ideas. Bes wa

More information

11/6/2013. Chapter 14: Dynamic AD-AS. Introduction. Introduction. Keeping track of time. The model s elements

11/6/2013. Chapter 14: Dynamic AD-AS. Introduction. Introduction. Keeping track of time. The model s elements Inroducion Chaper 14: Dynamic D-S dynamic model of aggregae and aggregae supply gives us more insigh ino how he economy works in he shor run. I is a simplified version of a DSGE model, used in cuing-edge

More information

AP Calculus AB 2013 Scoring Guidelines

AP Calculus AB 2013 Scoring Guidelines AP Calculus AB 1 Scoring Guidelines The College Board The College Board is a mission-driven no-for-profi organizaion ha connecs sudens o college success and opporuniy. Founded in 19, he College Board was

More information

Acceleration Lab Teacher s Guide

Acceleration Lab Teacher s Guide Acceleraion Lab Teacher s Guide Objecives:. Use graphs of disance vs. ime and velociy vs. ime o find acceleraion of a oy car.. Observe he relaionship beween he angle of an inclined plane and he acceleraion

More information

Present Value Methodology

Present Value Methodology Presen Value Mehodology Econ 422 Invesmen, Capial & Finance Universiy of Washingon Eric Zivo Las updaed: April 11, 2010 Presen Value Concep Wealh in Fisher Model: W = Y 0 + Y 1 /(1+r) The consumer/producer

More information

MTH6121 Introduction to Mathematical Finance Lesson 5

MTH6121 Introduction to Mathematical Finance Lesson 5 26 MTH6121 Inroducion o Mahemaical Finance Lesson 5 Conens 2.3 Brownian moion wih drif........................... 27 2.4 Geomeric Brownian moion........................... 28 2.5 Convergence of random

More information

AP Calculus AB 2010 Scoring Guidelines

AP Calculus AB 2010 Scoring Guidelines AP Calculus AB 1 Scoring Guidelines The College Board The College Board is a no-for-profi membership associaion whose mission is o connec sudens o college success and opporuniy. Founded in 1, he College

More information

AP Calculus AB 2007 Scoring Guidelines

AP Calculus AB 2007 Scoring Guidelines AP Calculus AB 7 Scoring Guidelines The College Board: Connecing Sudens o College Success The College Board is a no-for-profi membership associaion whose mission is o connec sudens o college success and

More information

Duration and Convexity ( ) 20 = Bond B has a maturity of 5 years and also has a required rate of return of 10%. Its price is $613.

Duration and Convexity ( ) 20 = Bond B has a maturity of 5 years and also has a required rate of return of 10%. Its price is $613. Graduae School of Business Adminisraion Universiy of Virginia UVA-F-38 Duraion and Convexiy he price of a bond is a funcion of he promised paymens and he marke required rae of reurn. Since he promised

More information

CHAPTER FIVE. Solutions for Section 5.1

CHAPTER FIVE. Solutions for Section 5.1 CHAPTER FIVE 5. SOLUTIONS 87 Soluions for Secion 5.. (a) The velociy is 3 miles/hour for he firs hours, 4 miles/hour for he ne / hour, and miles/hour for he las 4 hours. The enire rip lass + / + 4 = 6.5

More information

Table of contents Chapter 1 Interest rates and factors Chapter 2 Level annuities Chapter 3 Varying annuities

Table of contents Chapter 1 Interest rates and factors Chapter 2 Level annuities Chapter 3 Varying annuities Table of conens Chaper 1 Ineres raes and facors 1 1.1 Ineres 2 1.2 Simple ineres 4 1.3 Compound ineres 6 1.4 Accumulaed value 10 1.5 Presen value 11 1.6 Rae of discoun 13 1.7 Consan force of ineres 17

More information

Answer, Key Homework 2 David McIntyre 45123 Mar 25, 2004 1

Answer, Key Homework 2 David McIntyre 45123 Mar 25, 2004 1 Answer, Key Homework 2 Daid McInyre 4123 Mar 2, 2004 1 This prin-ou should hae 1 quesions. Muliple-choice quesions may coninue on he ne column or page find all choices before making your selecion. The

More information

RC (Resistor-Capacitor) Circuits. AP Physics C

RC (Resistor-Capacitor) Circuits. AP Physics C (Resisor-Capacior Circuis AP Physics C Circui Iniial Condiions An circui is one where you have a capacior and resisor in he same circui. Suppose we have he following circui: Iniially, he capacior is UNCHARGED

More information

The Transport Equation

The Transport Equation The Transpor Equaion Consider a fluid, flowing wih velociy, V, in a hin sraigh ube whose cross secion will be denoed by A. Suppose he fluid conains a conaminan whose concenraion a posiion a ime will be

More information

Chapter 2 Kinematics in One Dimension

Chapter 2 Kinematics in One Dimension Chaper Kinemaics in One Dimension Chaper DESCRIBING MOTION:KINEMATICS IN ONE DIMENSION PREVIEW Kinemaics is he sudy of how hings moe how far (disance and displacemen), how fas (speed and elociy), and how

More information

Random Walk in 1-D. 3 possible paths x vs n. -5 For our random walk, we assume the probabilities p,q do not depend on time (n) - stationary

Random Walk in 1-D. 3 possible paths x vs n. -5 For our random walk, we assume the probabilities p,q do not depend on time (n) - stationary Random Walk in -D Random walks appear in many cones: diffusion is a random walk process undersanding buffering, waiing imes, queuing more generally he heory of sochasic processes gambling choosing he bes

More information

Economics Honors Exam 2008 Solutions Question 5

Economics Honors Exam 2008 Solutions Question 5 Economics Honors Exam 2008 Soluions Quesion 5 (a) (2 poins) Oupu can be decomposed as Y = C + I + G. And we can solve for i by subsiuing in equaions given in he quesion, Y = C + I + G = c 0 + c Y D + I

More information

9. Capacitor and Resistor Circuits

9. Capacitor and Resistor Circuits ElecronicsLab9.nb 1 9. Capacior and Resisor Circuis Inroducion hus far we have consider resisors in various combinaions wih a power supply or baery which provide a consan volage source or direc curren

More information

A Curriculum Module for AP Calculus BC Curriculum Module

A Curriculum Module for AP Calculus BC Curriculum Module Vecors: A Curriculum Module for AP Calculus BC 00 Curriculum Module The College Board The College Board is a no-for-profi membership associaion whose mission is o connec sudens o college success and opporuniy.

More information

17 Laplace transform. Solving linear ODE with piecewise continuous right hand sides

17 Laplace transform. Solving linear ODE with piecewise continuous right hand sides 7 Laplace ransform. Solving linear ODE wih piecewise coninuous righ hand sides In his lecure I will show how o apply he Laplace ransform o he ODE Ly = f wih piecewise coninuous f. Definiion. A funcion

More information

1 HALF-LIFE EQUATIONS

1 HALF-LIFE EQUATIONS R.L. Hanna Page HALF-LIFE EQUATIONS The basic equaion ; he saring poin ; : wrien for ime: x / where fracion of original maerial and / number of half-lives, and / log / o calculae he age (# ears): age (half-life)

More information

Permutations and Combinations

Permutations and Combinations Permuaions and Combinaions Combinaorics Copyrigh Sandards 006, Tes - ANSWERS Barry Mabillard. 0 www.mah0s.com 1. Deermine he middle erm in he expansion of ( a b) To ge he k-value for he middle erm, divide

More information

Chapter 2 Problems. 3600s = 25m / s d = s t = 25m / s 0.5s = 12.5m. Δx = x(4) x(0) =12m 0m =12m

Chapter 2 Problems. 3600s = 25m / s d = s t = 25m / s 0.5s = 12.5m. Δx = x(4) x(0) =12m 0m =12m Chaper 2 Problems 2.1 During a hard sneeze, your eyes migh shu for 0.5s. If you are driving a car a 90km/h during such a sneeze, how far does he car move during ha ime s = 90km 1000m h 1km 1h 3600s = 25m

More information

A Note on Using the Svensson procedure to estimate the risk free rate in corporate valuation

A Note on Using the Svensson procedure to estimate the risk free rate in corporate valuation A Noe on Using he Svensson procedure o esimae he risk free rae in corporae valuaion By Sven Arnold, Alexander Lahmann and Bernhard Schwezler Ocober 2011 1. The risk free ineres rae in corporae valuaion

More information

Diagnostic Examination

Diagnostic Examination Diagnosic Examinaion TOPIC XV: ENGINEERING ECONOMICS TIME LIMIT: 45 MINUTES 1. Approximaely how many years will i ake o double an invesmen a a 6% effecive annual rae? (A) 10 yr (B) 12 yr (C) 15 yr (D)

More information

1. y 5y + 6y = 2e t Solution: Characteristic equation is r 2 5r +6 = 0, therefore r 1 = 2, r 2 = 3, and y 1 (t) = e 2t,

1. y 5y + 6y = 2e t Solution: Characteristic equation is r 2 5r +6 = 0, therefore r 1 = 2, r 2 = 3, and y 1 (t) = e 2t, Homework6 Soluions.7 In Problem hrough 4 use he mehod of variaion of parameers o find a paricular soluion of he given differenial equaion. Then check your answer by using he mehod of undeermined coeffiens..

More information

Chapter 6: Business Valuation (Income Approach)

Chapter 6: Business Valuation (Income Approach) Chaper 6: Business Valuaion (Income Approach) Cash flow deerminaion is one of he mos criical elemens o a business valuaion. Everyhing may be secondary. If cash flow is high, hen he value is high; if he

More information

Return Calculation of U.S. Treasury Constant Maturity Indices

Return Calculation of U.S. Treasury Constant Maturity Indices Reurn Calculaion of US Treasur Consan Mauri Indices Morningsar Mehodolog Paper Sepeber 30 008 008 Morningsar Inc All righs reserved The inforaion in his docuen is he proper of Morningsar Inc Reproducion

More information

PROFIT TEST MODELLING IN LIFE ASSURANCE USING SPREADSHEETS PART ONE

PROFIT TEST MODELLING IN LIFE ASSURANCE USING SPREADSHEETS PART ONE Profi Tes Modelling in Life Assurance Using Spreadshees PROFIT TEST MODELLING IN LIFE ASSURANCE USING SPREADSHEETS PART ONE Erik Alm Peer Millingon 2004 Profi Tes Modelling in Life Assurance Using Spreadshees

More information

Full-wave rectification, bulk capacitor calculations Chris Basso January 2009

Full-wave rectification, bulk capacitor calculations Chris Basso January 2009 ull-wave recificaion, bulk capacior calculaions Chris Basso January 9 This shor paper shows how o calculae he bulk capacior value based on ripple specificaions and evaluae he rms curren ha crosses i. oal

More information

Morningstar Investor Return

Morningstar Investor Return Morningsar Invesor Reurn Morningsar Mehodology Paper Augus 31, 2010 2010 Morningsar, Inc. All righs reserved. The informaion in his documen is he propery of Morningsar, Inc. Reproducion or ranscripion

More information

SOLUTIONS RADIOLOGICAL FUNDAMENTALS PRACTICE PROBLEMS FOR TECHNICAL MAJORS

SOLUTIONS RADIOLOGICAL FUNDAMENTALS PRACTICE PROBLEMS FOR TECHNICAL MAJORS SOLUTIONS RADIOLOGICAL FUNDAMENTALS PRACTICE PROBLEMS FOR TECHNICAL MAJORS Noe: Two DOE Handbooks are used in conjuncion wih he pracice quesions and problems below o provide preparaory maerial for he NPS

More information

Why Did the Demand for Cash Decrease Recently in Korea?

Why Did the Demand for Cash Decrease Recently in Korea? Why Did he Demand for Cash Decrease Recenly in Korea? Byoung Hark Yoo Bank of Korea 26. 5 Absrac We explores why cash demand have decreased recenly in Korea. The raio of cash o consumpion fell o 4.7% in

More information

µ r of the ferrite amounts to 1000...4000. It should be noted that the magnetic length of the + δ

µ r of the ferrite amounts to 1000...4000. It should be noted that the magnetic length of the + δ Page 9 Design of Inducors and High Frequency Transformers Inducors sore energy, ransformers ransfer energy. This is he prime difference. The magneic cores are significanly differen for inducors and high

More information

Newton s Laws of Motion

Newton s Laws of Motion Newon s Laws of Moion MS4414 Theoreical Mechanics Firs Law velociy. In he absence of exernal forces, a body moves in a sraigh line wih consan F = 0 = v = cons. Khan Academy Newon I. Second Law body. The

More information

Differential Equations

Differential Equations 31 C H A P T E R Differenial Equaions Change is inrinsic in he universe and in he world around us; he world is in moion. Aemps o undersand and predic change ofen involve creaing models reflecing raes of

More information

Capital budgeting techniques

Capital budgeting techniques Capial budgeing echniques A reading prepared by Pamela Peerson Drake O U T L I N E 1. Inroducion 2. Evaluaion echniques 3. Comparing echniques 4. Capial budgeing in pracice 5. Summary 1. Inroducion The

More information

A Probability Density Function for Google s stocks

A Probability Density Function for Google s stocks A Probabiliy Densiy Funcion for Google s socks V.Dorobanu Physics Deparmen, Poliehnica Universiy of Timisoara, Romania Absrac. I is an approach o inroduce he Fokker Planck equaion as an ineresing naural

More information

Capacitors and inductors

Capacitors and inductors Capaciors and inducors We coninue wih our analysis of linear circuis by inroducing wo new passive and linear elemens: he capacior and he inducor. All he mehods developed so far for he analysis of linear

More information

The Greek financial crisis: growing imbalances and sovereign spreads. Heather D. Gibson, Stephan G. Hall and George S. Tavlas

The Greek financial crisis: growing imbalances and sovereign spreads. Heather D. Gibson, Stephan G. Hall and George S. Tavlas The Greek financial crisis: growing imbalances and sovereign spreads Heaher D. Gibson, Sephan G. Hall and George S. Tavlas The enry The enry of Greece ino he Eurozone in 2001 produced a dividend in he

More information

INTEREST RATE FUTURES AND THEIR OPTIONS: SOME PRICING APPROACHES

INTEREST RATE FUTURES AND THEIR OPTIONS: SOME PRICING APPROACHES INTEREST RATE FUTURES AND THEIR OPTIONS: SOME PRICING APPROACHES OPENGAMMA QUANTITATIVE RESEARCH Absrac. Exchange-raded ineres rae fuures and heir opions are described. The fuure opions include hose paying

More information

Module 3 Design for Strength. Version 2 ME, IIT Kharagpur

Module 3 Design for Strength. Version 2 ME, IIT Kharagpur Module 3 Design for Srengh Lesson 2 Sress Concenraion Insrucional Objecives A he end of his lesson, he sudens should be able o undersand Sress concenraion and he facors responsible. Deerminaion of sress

More information

4. International Parity Conditions

4. International Parity Conditions 4. Inernaional ariy ondiions 4.1 urchasing ower ariy he urchasing ower ariy ( heory is one of he early heories of exchange rae deerminaion. his heory is based on he concep ha he demand for a counry's currency

More information

Working Paper No. 482. Net Intergenerational Transfers from an Increase in Social Security Benefits

Working Paper No. 482. Net Intergenerational Transfers from an Increase in Social Security Benefits Working Paper No. 482 Ne Inergeneraional Transfers from an Increase in Social Securiy Benefis By Li Gan Texas A&M and NBER Guan Gong Shanghai Universiy of Finance and Economics Michael Hurd RAND Corporaion

More information

THE FIRM'S INVESTMENT DECISION UNDER CERTAINTY: CAPITAL BUDGETING AND RANKING OF NEW INVESTMENT PROJECTS

THE FIRM'S INVESTMENT DECISION UNDER CERTAINTY: CAPITAL BUDGETING AND RANKING OF NEW INVESTMENT PROJECTS VII. THE FIRM'S INVESTMENT DECISION UNDER CERTAINTY: CAPITAL BUDGETING AND RANKING OF NEW INVESTMENT PROJECTS The mos imporan decisions for a firm's managemen are is invesmen decisions. While i is surely

More information

I. Basic Concepts (Ch. 1-4)

I. Basic Concepts (Ch. 1-4) (Ch. 1-4) A. Real vs. Financial Asses (Ch 1.2) Real asses (buildings, machinery, ec.) appear on he asse side of he balance shee. Financial asses (bonds, socks) appear on boh sides of he balance shee. Creaing

More information

Inductance and Transient Circuits

Inductance and Transient Circuits Chaper H Inducance and Transien Circuis Blinn College - Physics 2426 - Terry Honan As a consequence of Faraday's law a changing curren hrough one coil induces an EMF in anoher coil; his is known as muual

More information

Lectures # 5 and 6: The Prime Number Theorem.

Lectures # 5 and 6: The Prime Number Theorem. Lecures # 5 and 6: The Prime Number Theorem Noah Snyder July 8, 22 Riemann s Argumen Riemann used his analyically coninued ζ-funcion o skech an argumen which would give an acual formula for π( and sugges

More information

BALANCE OF PAYMENTS. First quarter 2008. Balance of payments

BALANCE OF PAYMENTS. First quarter 2008. Balance of payments BALANCE OF PAYMENTS DATE: 2008-05-30 PUBLISHER: Balance of Paymens and Financial Markes (BFM) Lena Finn + 46 8 506 944 09, lena.finn@scb.se Camilla Bergeling +46 8 506 942 06, camilla.bergeling@scb.se

More information

Option Put-Call Parity Relations When the Underlying Security Pays Dividends

Option Put-Call Parity Relations When the Underlying Security Pays Dividends Inernaional Journal of Business and conomics, 26, Vol. 5, No. 3, 225-23 Opion Pu-all Pariy Relaions When he Underlying Securiy Pays Dividends Weiyu Guo Deparmen of Finance, Universiy of Nebraska Omaha,

More information

Signal Processing and Linear Systems I

Signal Processing and Linear Systems I Sanford Universiy Summer 214-215 Signal Processing and Linear Sysems I Lecure 5: Time Domain Analysis of Coninuous Time Sysems June 3, 215 EE12A:Signal Processing and Linear Sysems I; Summer 14-15, Gibbons

More information

Individual Health Insurance April 30, 2008 Pages 167-170

Individual Health Insurance April 30, 2008 Pages 167-170 Individual Healh Insurance April 30, 2008 Pages 167-170 We have received feedback ha his secion of he e is confusing because some of he defined noaion is inconsisen wih comparable life insurance reserve

More information

WATER MIST FIRE PROTECTION RELIABILITY ANALYSIS

WATER MIST FIRE PROTECTION RELIABILITY ANALYSIS WATER MIST FIRE PROTECTION RELIABILITY ANALYSIS Shuzhen Xu Research Risk and Reliabiliy Area FM Global Norwood, Massachuses 262, USA David Fuller Engineering Sandards FM Global Norwood, Massachuses 262,

More information

CLASSIFICATION OF REINSURANCE IN LIFE INSURANCE

CLASSIFICATION OF REINSURANCE IN LIFE INSURANCE CLASSIFICATION OF REINSURANCE IN LIFE INSURANCE Kaarína Sakálová 1. Classificaions of reinsurance There are many differen ways in which reinsurance may be classified or disinguished. We will discuss briefly

More information

Astable multivibrator using the 555 IC.(10)

Astable multivibrator using the 555 IC.(10) Visi hp://elecronicsclub.cjb.ne for more resources THE 555 IC TIMER The 555 IC TIMER.(2) Monosable mulivibraor using he 555 IC imer...() Design Example 1 wih Mulisim 2001 ools and graphs..(8) Lile descripion

More information

Optimal Investment and Consumption Decision of Family with Life Insurance

Optimal Investment and Consumption Decision of Family with Life Insurance Opimal Invesmen and Consumpion Decision of Family wih Life Insurance Minsuk Kwak 1 2 Yong Hyun Shin 3 U Jin Choi 4 6h World Congress of he Bachelier Finance Sociey Torono, Canada June 25, 2010 1 Speaker

More information

Chapter 6 Interest Rates and Bond Valuation

Chapter 6 Interest Rates and Bond Valuation Chaper 6 Ineres Raes and Bond Valuaion Definiion and Descripion of Bonds Long-erm deb-loosely, bonds wih a mauriy of one year or more Shor-erm deb-less han a year o mauriy, also called unfunded deb Bond-sricly

More information

Chapter 8: Regression with Lagged Explanatory Variables

Chapter 8: Regression with Lagged Explanatory Variables Chaper 8: Regression wih Lagged Explanaory Variables Time series daa: Y for =1,..,T End goal: Regression model relaing a dependen variable o explanaory variables. Wih ime series new issues arise: 1. One

More information

II.1. Debt reduction and fiscal multipliers. dbt da dpbal da dg. bal

II.1. Debt reduction and fiscal multipliers. dbt da dpbal da dg. bal Quarerly Repor on he Euro Area 3/202 II.. Deb reducion and fiscal mulipliers The deerioraion of public finances in he firs years of he crisis has led mos Member Saes o adop sizeable consolidaion packages.

More information

Transient Analysis of First Order RC and RL circuits

Transient Analysis of First Order RC and RL circuits Transien Analysis of Firs Order and iruis The irui shown on Figure 1 wih he swih open is haraerized by a pariular operaing ondiion. Sine he swih is open, no urren flows in he irui (i=0) and v=0. The volage

More information

Module 4. Single-phase AC circuits. Version 2 EE IIT, Kharagpur

Module 4. Single-phase AC circuits. Version 2 EE IIT, Kharagpur Module 4 Single-phase A circuis ersion EE T, Kharagpur esson 5 Soluion of urren in A Series and Parallel ircuis ersion EE T, Kharagpur n he las lesson, wo poins were described:. How o solve for he impedance,

More information

Chapter 9 Bond Prices and Yield

Chapter 9 Bond Prices and Yield Chaper 9 Bond Prices and Yield Deb Classes: Paymen ype A securiy obligaing issuer o pay ineress and principal o he holder on specified daes, Coupon rae or ineres rae, e.g. 4%, 5 3/4%, ec. Face, par value

More information

STUDY ON THE GRAVIMETRIC MEASUREMENT OF THE SWELLING BEHAVIORS OF POLYMER FILMS

STUDY ON THE GRAVIMETRIC MEASUREMENT OF THE SWELLING BEHAVIORS OF POLYMER FILMS 452 Rev. Adv. Maer. Sci. 33 (2013) 452-458 J. Liu, X.J. Zheng and K.Y. Tang STUDY ON THE GRAVIMETRIC MEASUREMENT OF THE SWELLING BEHAVIORS OF POLYMER FILMS J. Liu, X. J. Zheng and K. Y. Tang College of

More information

Chapter 1.6 Financial Management

Chapter 1.6 Financial Management Chaper 1.6 Financial Managemen Par I: Objecive ype quesions and answers 1. Simple pay back period is equal o: a) Raio of Firs cos/ne yearly savings b) Raio of Annual gross cash flow/capial cos n c) = (1

More information

Chapter 8 Student Lecture Notes 8-1

Chapter 8 Student Lecture Notes 8-1 Chaper Suden Lecure Noes - Chaper Goals QM: Business Saisics Chaper Analyzing and Forecasing -Series Daa Afer compleing his chaper, you should be able o: Idenify he componens presen in a ime series Develop

More information

Fifth Quantitative Impact Study of Solvency II (QIS 5) National guidance on valuation of technical provisions for German SLT health insurance

Fifth Quantitative Impact Study of Solvency II (QIS 5) National guidance on valuation of technical provisions for German SLT health insurance Fifh Quaniaive Impac Sudy of Solvency II (QIS 5) Naional guidance on valuaion of echnical provisions for German SLT healh insurance Conens 1 Inroducion... 2 2 Calculaion of bes-esimae provisions... 3 2.1

More information

Cointegration: The Engle and Granger approach

Cointegration: The Engle and Granger approach Coinegraion: The Engle and Granger approach Inroducion Generally one would find mos of he economic variables o be non-saionary I(1) variables. Hence, any equilibrium heories ha involve hese variables require

More information

Mortality Variance of the Present Value (PV) of Future Annuity Payments

Mortality Variance of the Present Value (PV) of Future Annuity Payments Morali Variance of he Presen Value (PV) of Fuure Annui Pamens Frank Y. Kang, Ph.D. Research Anals a Frank Russell Compan Absrac The variance of he presen value of fuure annui pamens plas an imporan role

More information

Stock Trading with Recurrent Reinforcement Learning (RRL) CS229 Application Project Gabriel Molina, SUID 5055783

Stock Trading with Recurrent Reinforcement Learning (RRL) CS229 Application Project Gabriel Molina, SUID 5055783 Sock raing wih Recurren Reinforcemen Learning (RRL) CS9 Applicaion Projec Gabriel Molina, SUID 555783 I. INRODUCION One relaively new approach o financial raing is o use machine learning algorihms o preic

More information

Differential Equations and Linear Superposition

Differential Equations and Linear Superposition Differenial Equaions and Linear Superposiion Basic Idea: Provide soluion in closed form Like Inegraion, no general soluions in closed form Order of equaion: highes derivaive in equaion e.g. dy d dy 2 y

More information

Motion Along a Straight Line

Motion Along a Straight Line Moion Along a Sraigh Line On Sepember 6, 993, Dave Munday, a diesel mechanic by rade, wen over he Canadian edge of Niagara Falls for he second ime, freely falling 48 m o he waer (and rocks) below. On his

More information

Second Order Linear Differential Equations

Second Order Linear Differential Equations Second Order Linear Differenial Equaions Second order linear equaions wih consan coefficiens; Fundamenal soluions; Wronskian; Exisence and Uniqueness of soluions; he characerisic equaion; soluions of homogeneous

More information

Stochastic Optimal Control Problem for Life Insurance

Stochastic Optimal Control Problem for Life Insurance Sochasic Opimal Conrol Problem for Life Insurance s. Basukh 1, D. Nyamsuren 2 1 Deparmen of Economics and Economerics, Insiue of Finance and Economics, Ulaanbaaar, Mongolia 2 School of Mahemaics, Mongolian

More information

A Two-Account Life Insurance Model for Scenario-Based Valuation Including Event Risk Jensen, Ninna Reitzel; Schomacker, Kristian Juul

A Two-Account Life Insurance Model for Scenario-Based Valuation Including Event Risk Jensen, Ninna Reitzel; Schomacker, Kristian Juul universiy of copenhagen Universiy of Copenhagen A Two-Accoun Life Insurance Model for Scenario-Based Valuaion Including Even Risk Jensen, Ninna Reizel; Schomacker, Krisian Juul Published in: Risks DOI:

More information

Single-machine Scheduling with Periodic Maintenance and both Preemptive and. Non-preemptive jobs in Remanufacturing System 1

Single-machine Scheduling with Periodic Maintenance and both Preemptive and. Non-preemptive jobs in Remanufacturing System 1 Absrac number: 05-0407 Single-machine Scheduling wih Periodic Mainenance and boh Preempive and Non-preempive jobs in Remanufacuring Sysem Liu Biyu hen Weida (School of Economics and Managemen Souheas Universiy

More information

The Lucas Asset Pricing Model

The Lucas Asset Pricing Model c January 0, 206, Chrisopher D. Carroll The Lucas Asse Pricing Model LucasAssePrice 0. Inroducion/Seup Lucas 978 considers an economy populaed by infiniely many idenical individual consumers, in which

More information

Kinematics in 1-D From Problems and Solutions in Introductory Mechanics (Draft version, August 2014) David Morin, morin@physics.harvard.

Kinematics in 1-D From Problems and Solutions in Introductory Mechanics (Draft version, August 2014) David Morin, morin@physics.harvard. Chaper 2 Kinemaics in 1-D From Problems and Soluions in Inroducory Mechanics (Draf ersion, Augus 2014) Daid Morin, morin@physics.harard.edu As menioned in he preface, his book should no be hough of as

More information

Forecasting, Ordering and Stock- Holding for Erratic Demand

Forecasting, Ordering and Stock- Holding for Erratic Demand ISF 2002 23 rd o 26 h June 2002 Forecasing, Ordering and Sock- Holding for Erraic Demand Andrew Eaves Lancaser Universiy / Andalus Soluions Limied Inroducion Erraic and slow-moving demand Demand classificaion

More information

Conceptually calculating what a 110 OTM call option should be worth if the present price of the stock is 100...

Conceptually calculating what a 110 OTM call option should be worth if the present price of the stock is 100... Normal (Gaussian) Disribuion Probabiliy De ensiy 0.5 0. 0.5 0. 0.05 0. 0.9 0.8 0.7 0.6? 0.5 0.4 0.3 0. 0. 0 3.6 5. 6.8 8.4 0.6 3. 4.8 6.4 8 The Black-Scholes Shl Ml Moel... pricing opions an calculaing

More information

2.5 Life tables, force of mortality and standard life insurance products

2.5 Life tables, force of mortality and standard life insurance products Soluions 5 BS4a Acuarial Science Oford MT 212 33 2.5 Life ables, force of moraliy and sandard life insurance producs 1. (i) n m q represens he probabiliy of deah of a life currenly aged beween ages + n

More information

4 Convolution. Recommended Problems. x2[n] 1 2[n]

4 Convolution. Recommended Problems. x2[n] 1 2[n] 4 Convoluion Recommended Problems P4.1 This problem is a simple example of he use of superposiion. Suppose ha a discree-ime linear sysem has oupus y[n] for he given inpus x[n] as shown in Figure P4.1-1.

More information

Niche Market or Mass Market?

Niche Market or Mass Market? Niche Marke or Mass Marke? Maxim Ivanov y McMaser Universiy July 2009 Absrac The de niion of a niche or a mass marke is based on he ranking of wo variables: he monopoly price and he produc mean value.

More information

Novelty and Collective Attention

Novelty and Collective Attention ovely and Collecive Aenion Fang Wu and Bernardo A. Huberman Informaion Dynamics Laboraory HP Labs Palo Alo, CA 9434 Absrac The subjec of collecive aenion is cenral o an informaion age where millions of

More information

PRESSURE BUILDUP. Figure 1: Schematic of an ideal buildup test

PRESSURE BUILDUP. Figure 1: Schematic of an ideal buildup test Tom Aage Jelmer NTNU Dearmen of Peroleum Engineering and Alied Geohysics PRESSURE BUILDUP I is difficul o kee he rae consan in a roducing well. This is no an issue in a buildu es since he well is closed.

More information

CALCULATION OF OMX TALLINN

CALCULATION OF OMX TALLINN CALCULATION OF OMX TALLINN CALCULATION OF OMX TALLINN 1. OMX Tallinn index...3 2. Terms in use...3 3. Comuaion rules of OMX Tallinn...3 3.1. Oening, real-ime and closing value of he Index...3 3.2. Index

More information

DETERMINISTIC INVENTORY MODEL FOR ITEMS WITH TIME VARYING DEMAND, WEIBULL DISTRIBUTION DETERIORATION AND SHORTAGES KUN-SHAN WU

DETERMINISTIC INVENTORY MODEL FOR ITEMS WITH TIME VARYING DEMAND, WEIBULL DISTRIBUTION DETERIORATION AND SHORTAGES KUN-SHAN WU Yugoslav Journal of Operaions Research 2 (22), Number, 6-7 DEERMINISIC INVENORY MODEL FOR IEMS WIH IME VARYING DEMAND, WEIBULL DISRIBUION DEERIORAION AND SHORAGES KUN-SHAN WU Deparmen of Bussines Adminisraion

More information

How To Calculate Price Elasiciy Per Capia Per Capi

How To Calculate Price Elasiciy Per Capia Per Capi Price elasiciy of demand for crude oil: esimaes for 23 counries John C.B. Cooper Absrac This paper uses a muliple regression model derived from an adapaion of Nerlove s parial adjusmen model o esimae boh

More information

Signal Rectification

Signal Rectification 9/3/25 Signal Recificaion.doc / Signal Recificaion n imporan applicaion of juncion diodes is signal recificaion. here are wo ypes of signal recifiers, half-wae and fullwae. Le s firs consider he ideal

More information

Vector Autoregressions (VARs): Operational Perspectives

Vector Autoregressions (VARs): Operational Perspectives Vecor Auoregressions (VARs): Operaional Perspecives Primary Source: Sock, James H., and Mark W. Wason, Vecor Auoregressions, Journal of Economic Perspecives, Vol. 15 No. 4 (Fall 2001), 101-115. Macroeconomericians

More information

ARCH 2013.1 Proceedings

ARCH 2013.1 Proceedings Aricle from: ARCH 213.1 Proceedings Augus 1-4, 212 Ghislain Leveille, Emmanuel Hamel A renewal model for medical malpracice Ghislain Léveillé École d acuaria Universié Laval, Québec, Canada 47h ARC Conference

More information

1 A B C D E F G H I J K L M N O P Q R S { U V W X Y Z 1 A B C D E F G H I J K L M N O P Q R S { U V W X Y Z

1 A B C D E F G H I J K L M N O P Q R S { U V W X Y Z 1 A B C D E F G H I J K L M N O P Q R S { U V W X Y Z o ffix uden abel ere uden ame chool ame isric ame/ ender emale ale onh ay ear ae of irh an eb ar pr ay un ul ug ep c ov ec as ame irs ame lace he uden abel ere ae uden denifier chool se nly rined in he

More information

Voltage level shifting

Voltage level shifting rek Applicaion Noe Number 1 r. Maciej A. Noras Absrac A brief descripion of volage shifing circuis. 1 Inroducion In applicaions requiring a unipolar A volage signal, he signal may be delivered from a bi-polar

More information