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We consider a risk model in discrete time with dividends and capital injections. The goal is to maximise the value of a dividend strategy. We show that the optimal strategy is of barrier type. That is, all capital above a certain threshold is paid as dividend. A second problem adds tax to the dividends but an injection leads to an exemption from tax. We show that the value function fulfils a Bellman equation. As a special case, we consider the case of premia of size one. In this case we show that the optimal strategy is a two barrier strategy. That is, there is a barrier if a next dividend of size one can be paid without tax and a barrier if the next dividend of size one will be taxed. In both models, we illustrate the findings by de Finetti’s example.
The paper presents results of the modelling of heat transfer at film boiling of a liquid in a porous medium on a vertical heated wall bordering with the porous medium. Such processes are observed at cooling of high-temperature surfaces of heat pipes, microstructural radiators etc. Heating conditions at the wall were the constant wall temperature or heat flux. The outer boundary of the vapor film was in contact with moving or stationary liquid inside the porous medium. An analytical solution was obtained for the problem of fluid flow and heat transfer using the porous medium model in the Darcy–Brinkman and Darcy–Brinkman–Forchheimer approximation. It was shown that heat transfer at film boiling in a porous medium was less intensive than in the absence of a porous medium (free fluid flow) and further decreased with the decreasing permeability of the porous medium. Significant differences were observed in frames of both models: 20% for small Darcy numbers at Da < 2 for the Darcy–Brinkman model, and 80% for the Darcy–Brinkman–Forchheimer model. In the Darcy–Brinkman model, depending on the interaction conditions at the vapor–liquid interface (no mechanical interaction or stationary fluid), a sharp decrease in heat transfer was observed for the Darcy numbers lower than five. The analytical predictions of heat transfer coefficients qualitatively agreed with the data of Cheng and Verma (Int J Heat Mass Transf 24:1151–1160, 1981) though demonstrated lower values of heat transfer coefficients for the conditions of the constant wall temperature and constant wall heat flux.
Academic search systems aid users in finding information covering specific topics of scientific interest and have evolved from early catalog-based library systems to modern web-scale systems. However, evaluating the performance of the underlying retrieval approaches remains a challenge. An increasing amount of requirements for producing accurate retrieval results have to be considered, e.g., close integration of the system’s users. Due to these requirements, small to mid-size academic search systems cannot evaluate their retrieval system in-house. Evaluation infrastructures for shared tasks alleviate this situation. They allow researchers to experiment with retrieval approaches in specific search and recommendation scenarios without building their own infrastructure. In this paper, we elaborate on the benefits and shortcomings of four state-of-the-art evaluation infrastructures on search and recommendation tasks concerning the following requirements: support for online and offline evaluations, domain specificity of shared tasks, and reproducibility of experiments and results. In addition, we introduce an evaluation infrastructure concept design aiming at reducing the shortcomings in shared tasks for search and recommender systems.
Stable recombinant mammalian cells are of growing importance in pharmaceutical biotechnology production scenarios for biologics such as monoclonal antibodies, growth and blood factors, cytokines and subunit vaccines. However, the establishment of recombinant producer cells using classical stable transfection of plasmid DNA is hampered by low stable gene transfer efficiencies. Consequently, subsequent selection of transgenic cells and the screening of clonal cell populations are time- and thus cost-intensive. To overcome these limitations, expression cassettes were embedded into transposon-derived donor vectors. Upon the co-transfection with transposase-encoding constructs, elevated vector copy numbers stably integrated into the genomes of the host cells are readily achieved facilitating under stringent selection pressure the establishment of cell pools characterized by sustained and high-yield recombinant protein production. Here, we discuss some aspects of transposon vector technologies, which render these vectors promising candidates for their further utilization in the production of biologics.
This paper introduces CAAI, a novel cognitive architecture for artificial intelligence in cyber-physical production systems. The goal of the architecture is to reduce the implementation effort for the usage of artificial intelligence algorithms. The core of the CAAI is a cognitive module that processes the user’s declarative goals, selects suitable models and algorithms, and creates a configuration for the execution of a processing pipeline on a big data platform. Constant observation and evaluation against performance criteria assess the performance of pipelines for many and different use cases. Based on these evaluations, the pipelines are automatically adapted if necessary. The modular design with well-defined interfaces enables the reusability and extensibility of pipeline components. A big data platform implements this modular design supported by technologies such as Docker, Kubernetes, and Kafka for virtualization and orchestration of the individual components and their communication. The implementation of the architecture is evaluated using a real-world use case. The prototypic implementation is accessible on GitHub and contains a demonstration.
Editorial
(2020)
One-step preparation of bilayered films from kraft lignin and cellulose acetate to mimic tree bark
(2020)
This contribution presents the development of a dry-cast method for the one-step preparation of bio-based films from wood polymers that mimic the bilayered structure of tree bark, the natural protective layer of the tree. In a simplified view, natural bark can be considered as the superposition of an external homogeneous and non-porous layer (outer bark) and a porous substructure layer (inner bark). This work is a first step for the future development of bio-based biomimetic wood coatings. The film had a bark-like appearance and its total density, bulk density and porosity were similar to values measured in natural bark. Furthermore, the structural characteristics of the studied film, namely specific surface area (BET) and pore size distribution, as well as the performance of the water adsorption ability were investigated and discussed.
In den letzten Jahren haben sich weltweit drei Sovereign Catastrophe Risk Pools entwickelt, welche Klimaversicherungen gegen Naturkatastrophen in Schwellen- und Entwicklungsländern anbieten:
• Caribbean Catastrophe Risk Insurance Facility (CCRIF) in der Karibik
• African Risk Capacity (ARC) in Afrika
• Pacific Catastrophe Risk Insurance Company (PCRIC) im pazifischen Raum
Hintergrund für die Entwicklung dieser Pools ist der geringe fiskalpolitische Spielraum in Schwellen- und Entwicklungsländern. So sind Erhöhungen von Steuereinnahmen oder Kapitalallokationen kaum möglich. Außerdem endet eine
Verschuldung am Kapitalmarkt häufig im Schuldenerlass, wodurch eine Refinanzierung gefährdet werden kann. Schließlich bleiben nur noch Spenden und Hilfsgelder als Maßnahme übrig, welche u.a. durch die G7-Staaten, die Weltbank oder die Weltgesundheitsorganisation zur Verfügung gestellt werden können.
To realize a reliable and cost-effective application of high-temperature superconductive (HTS) equipment at high-voltage (HV) levels, the influence of thermally induced gas bubbles on the dielectric strength of different solid insulating materials in liquid nitrogen (LN2) was investigated. A heatable copper tape electrode arrangement was developed simulating HTS tapes with insulation in between. AC breakdown measurements were performed without and with forced boiling on insulating papers, polypropylene laminated paper (PPLP) and polyimide (PI) films. Under nucleate boiling the influence of bubbles on the dielectric strength of all materials was not significant. However under film boiling the dielectric strength of the insulating papers decreased to a level comparable to their dielectric strength in air, demonstrating the insufficient impregnation of porous materials under film boiling. For PI there was no degradation at all. PPLP retained about 70% of its basic dielectric strength in LN2.
In this paper we describe traffic sign recognition with neural networks in the frequency domain. Traffic signs exist in all countries to regulate the traffic of vehicles and pedestrians. Each country has its own set of traffic signs that are more or less similar. They consist of a set of abstract forms, symbols, numbers and letters, which are combined into different signs. Automatic traffic sign recognition is important for driver assistance systems and for autonomous driving. Traffic sign recognition is a subtype of image recognition. The traffic signs are usually recorded by a camera and must be recognized in real time, i.e. assigned to a class. We use neural networks for traffic sign recognition. The special feature of our method is that the traffic sign recognition does not take place in the spatial domain but in the frequency domain. This has advantages because it is possible to significantly reduce the number of neurons and thus the computing effort of the neural network compared to a conventional neural network.
This bachelor thesis addresses the issue of how school resilience can be measured and assessed quantitatively. Schools as social infrastructures have a significant value for society. Yet, on a global scale, they, and therefore the respective community as well, are continuously endangered by a variety of threats such as natural disasters or violence and mental abuse affecting students, parents and school staff. However, these threats differ greatly depending on climatic and geographical conditions as well as on the socio-cultural context of the corresponding community. To strengthen school resilience against potential threats and to ensure education continuity despite the occurrence of these disruptions, a methodology is developed to measure and assess school resilience in conjunction with its specific circumstances. Initially, qualitative and quantitative (composite) indicators are identified and categorised with the help of a Systematic Literature Review and Mayring's Qualitative Content Analysis. These are subsequently developed into a Comprehensive Index for School Resilience (CISR). Building on this, a pre-existing assessment methodology, which uses Likert-Scales arranged in questionnaires to assign quantitative values to the composite indicators, is adapted to operationalise the CISR and by an exemplary application at Europaschule Troisdorf, the methodology is adapted to the socio-cultural conditions in Germany using an expert’s operational and contextual knowledge. The results obtained show that the methodologies and techniques described in current international research can, after an appropriate adaptation, successfully be applied to schools in Germany as well. Nevertheless, by identifying research limitations and errors as well as potential improvements, it is evident that further research and development is needed to provide stakeholders with a decision-making tool to strengthen the resilience of schools in the future, such as an exhaustive supplement to the CISR or the integration of more precise quantification methodologies and techniques.
At the case study of the city of Cologne and the neighbouring Rhein‐Erft‐Kreis (a county), selected resilience aspects of critical infrastructure (CI) and cascading effects are analysed concerning major river floods. Using a Geographic Information System, the applicability of the approach is demonstrated using open source software and data, augmented by manual entries. This study demonstrates the feasibility and limitations of analysing lifeline features of interest for disaster risk and emergency management such as roads, bridges and electricity supply. By highlighting interdependencies of emergency services with CI such as roads, cascading effects of interconnected paths are shown. The findings indicate that in an extreme event flood scenario over 2,000 km of roads and eight bridges will be exposed to floods in the area of the rivers Rhine and Erft. This places huge demands on disaster and emergency management institutions and people affected and limits their resiliency.
This investigation attempts to understand the eco‐hydrology of, and accordingly suggest an option to manage floodwater for agriculture in, the understudied and data‐sparse ephemeral Baraka River Basin within the hyper‐arid region of Sudan. Reference is made to the major feature of the basin, that is, the Toker Delta spate irrigation scheme. A point‐to‐pixel comparison of gridded and ground‐based data sets is performed to enhance the estimates of rainfall. Analysis of remotely sensed land use/cover data is performed. The results show a significant reduction of the grassland and barren areas explained by a significant expansion of the cropland and open shrubland (invasive mesquite trees) areas in the delta. The cotton sown area is highly dependent on the flooded area and the discharge volume in the delta. However, the area of this major crop has declined since the early 1990s in favour of cultivation of more profitable food crops. Expansion of mesquite in the delta is problematic, taking hold under increased floodwater, and can only be manged by clearance to provide crop cultivation area. There is a great potential for floodwater harvesting during the rainfall season (June to September). A total seasonal runoff volume of around 4.6 and 10.8 billion cubic metres is estimated at 90 and 50% probabilities of exceedance (reliabilities), respectively. Rather than leaving the runoff generated from rainfall events to pass to the Red Sea or be consumed by mesquite trees, a location for runoff harvesting structure in a highly suitable area is proposed. Such a structure will support any policy shifts towards planning and managing the basin water resources for use in irrigating the agricultural scheme.
The Cologne Research Centre for Reinsurance analyses the latest developments in the reinsurance market and, where appropriate, monitors these through research projects. In the process, the Research Centre for Reinsurance links its research activities with practices in the reinsurance sector. The year 2020 was dominated by the global COVID-19 pandemic. There were numerous substantial challenges that arose not just in general but also for the (re-)insurance industry in particular. Naturally, interaction and practical, bidirectional knowledge transfer at the Cologne Research Centre for Reinsurance was also hard-hit by the many event cancellations and their makeshift relocation to online formats. We particularly regretted the cancellation of the 17th Cologne Reinsurance Symposium. The 13th Annual Meeting of the Sponsoring Group Reinsurance was quite a success in the chosen online format – but of course we would like to return to the traditional event format at Clostermannshof as soon as possible. A complete success, on the other hand, with 178 participants, was the webinar series hosted by the Research Centre for Reinsurance on the European Insurance and Occupational Pensions Authority (EIOPA) initiative on risk mitigation techniques that could alter the effects of reinsurance under Solvency II.
There are twelve people currently employed at the Cologne Research Centre for Reinsurance. All of the personnel, material and travel costs for the Research Centre for Reinsurance are fully financed by third-party funds provided by the Sponsoring Group Reinsurance. The special circumstances were scarcely an impediment to the research, communication and cooperation among the employees of the Research Centre for Reinsurance. As most employees do not live and work in Cologne, anyway, working from home and online had been the rule for them even before the coronavirus crisis hit. The transition to a setting working from home was (nearly) a smooth one for the other employees as well. As every year, we would like to express our appreciation to the Sponsoring Group Reinsurance, the University leadership and administration, and the Institute of Insurance Studies for their support of our research work.
Diese Veröffentlichung basiert auf einem Vortrag an dem Forschungsinstitut für Privatversicherungsrecht (Leitung Univ.-Prof. Dr. Michael Gruber) der Universität Salzburg am 7. Januar 2020. Zunächst erfolgte ein kurzer Überblick über die – aus juristischer Sicht vielleicht interessanten – Rückversicherungsaspekte von Solvency II. Anschließend wurden die Organisation und Durchführung von Schiedsgerichtsverfahren in der Rückversicherung erläutert sowie deren Vereinbarung in Rückversicherungsverträgen. Als ein fiktives Beispiel für Gerichts- und Schiedsgerichtsverfahren wurde die fehlende Vereinbarung des für die Rückversicherungsvertragsbeziehung geltenden Rechts gewählt. An dieser Fragestellung wurden die unterschiedlichen Vorgehensweisen eines Gerichts beziehungsweise eines Schiedsgerichtsverfahrens diskutiert. Insbesondere wären in den beiden Verfahren diametral entgegengesetzte Entscheidungen zu erwarten. Im Hauptteil des Vortrags wurden dann die Hurricane-Ereignisse Harvey, Irma und Maria („HIM“) in 2017 adressiert: Verlauf, Schäden, jeweilige Besonderheiten, unterschiedliche Kommunikation gegenüber Öffentlichkeit und Investoren durch einzelne Rückversicherer, Auswirkungen auf die Dividendenpolitik und vieles andere mehr. Danach wurde anhand der Schadenereignisse in den Folgejahren und der uneinheitlichen Renewals seit 2017 in Erst- und Rückversicherung sowie Retrozession die These plausibilisiert,dass der Rückversicherungszyklus spätestens seit HIM ausgesetzt ist. Zur Abrundung wurden die – ebenfalls uneinheitlichen – jeweiligen Entwicklungen von traditionaler Rückversicherung und dem Alternative Risk Transfer durch Insurance Linked Securities gegenübergestellt. Die Volatilität der Rückversicherungsmärkte wird die Akteure sicherlich auch weiterhin in Atem halten – und dem Beobachter die Möglichkeit zu Analyse und Kommentierung.
The use of nematic liquid crystal (LC) mixtures for microwave frequency applicationspresents a fundamental drawback: many of these mixtures have not been properly characterizedat these frequencies, and researchers do not have an a priori clear idea of which behavior they canexpect. This work is focused on developing a new procedure for the extraction of the main parametersof a nematic liquid crystal: dielectric permittivity and loss tangent at 11 GHz under differentpolarization voltages; splay elastic constantK11, which allows calculation of the threshold voltage(Vth); and rotational viscosityγ11, which allows calculating the response time of any arbitrary device.These properties will be calculated by using a resonator-based method, which is implementedwith a new topology of substrate integrated transmission line. The LC molecules should be rotated(polarized) by applying an electric field in order to extract the characteristic parameters; thus,the transmission line needs to have two conductors and low electric losses in order to preserve theintegrity of the measurements. This method was applied to a well-known liquid crystal mixture(GT3-23002 from MERCK) obtaining the permittivity and loss tangent versus bias voltage curves,the splay elastic constant, and the rotational viscosity of the mixture. The results validate the viabilityof the proposed method.
Mental illnesses in adolescence and young adulthood are steadily increasing. Thus,mental disorders represent an individual and societal challenge and an enormous health economicburden, creating an urgent need for research and action. Mental health problems are omnipresent inthe life of young people and the internet is the first resource, which helps them to understand theirsituation. Young people with migration background often have more difficulties accessing health careservices. Digital technologies offer an ideal opportunity for a low-threshold platform that addressesthe needs of young people. The current project “GeKo:mental” aims to design a multilingual websitefor Cologne-based adolescents and young adults that will enable them to obtain comprehensiveinformation about mental illness and health, treatment options and first contact points. To designthis website, this study aims to find out what kind of health information is needed and how itshould best be presented. Nine focus group discussions with adolescents and young adults withand without migration background (N = 68) were conducted; the focus group discussions took placeat schools, in an association for social youth work and in an cultural association, which is linkedto a mosque in Cologne, Germany. A qualitative content analysis was conducted on the gatheredmaterial. The participants reported concrete challenges and needs. The results will form the basis forthe development and design of a website.
Die Kölner Forschungsstelle Rückversicherung analysiert die aktuellen Entwicklungen des Rückversicherungsmarktes und begleitet diese gegebenenfalls durch Forschungsprojekte.
Dabei verbindet die Forschungsstelle RV ihre Forschungsaktivitäten mit der Rückversicherungspraxis. Das Jahr 2020 war vor allem durch die weltweite Pandemie Covid-19 geprägt. Es ergaben sich sowohl allgemein als auch speziell für die (Rück-) Versicherungswirtschaft zahlreiche substanzielle Herausforderungen. Natürlich war auch die Kölner Forschungsstelle Rückversicherung durch die vielen Veranstaltungsausfälle beziehungsweise deren behelfsmäßige Durchführung in Online-Formaten in dem Austausch sowie dem bidirektionalem Wissenstransfer mit der Praxis stark beeinträchtigt. Insbesondere der Ausfall des 17. Kölner Rückversicherungs-Symposiums hat uns sehr geschmerzt. Die 13. Jahrestagung des Förderkreises Rückversicherung war in dem gewählten Online-Format durchaus geglückt- aber natürlich möchten wieder so bald wie möglich zu der traditionellen Veranstaltungsform im Clostermannshof zurückkehren. Ein voller Erfolg war mit 178 Teilnehmern dagegen die von der Forschungsstelle RV ausgerichtete Webinar-Reihe zu
der EIOPA Initiative bzgl. der Risk Mitigation Techniques, die die Effekte von Rückversicherung unter Solvency II verändern könnte.
In der Kölner Forschungsstelle Rückversicherung sind derzeit zwölf Mitarbeiter*innen beschäftigt. Sämtliche Personal-, Sach- und Reisekosten der Forschungsstelle
RV werden vollständig aus Drittmitteln des Förderkreises Rückversicherung finanziert.
Die Forschungsarbeit sowie die Kommunikation und Kooperation zwischen den Mitarbeiter*innen der Forschungsstelle RV war durch die besonderen Umstände kaum eingeschränkt. Da die meisten Mitarbeiter*innen ohnehin nicht in Köln leben und arbeiten, war für diese das Remote- und Online-Arbeiten bereits vor den Corona-
Zeiten die Regel. Auch für die weiteren Mitarbeiter*innen gelang der Übergang ins Home Office (nahezu) reibungslos.
Wie in jedem Jahr gilt unser Dank dem Förderkreis Rückversicherung, der Hochschulleitung und -verwaltung sowie dem Institut für Versicherungswesen für die Unterstützung unserer Forschungsarbeit.