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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.