Originally published in 2005, Weather Derivative Valuation covers all the meteorological, statistical, financial and mathematical issues that arise in the pricing and risk management of weather derivatives. There are chapters on meteorological data and data cleaning, the modelling and pricing of single weather derivatives, the modelling and valuation of portfolios, the use of weather and seasonal forecasts in the pricing of weather derivatives, arbitrage pricing for weather derivatives, risk management, and the modelling of temperature, wind and precipitation. Specific issues covered in detail include the analysis of uncertainty in weather derivative pricing, time-series modelling of daily temperatures, the creation and use of probabilistic meteorological forecasts and the derivation of the weather derivative version of the Black-Scholes equation of mathematical finance. Written by consultants who work within the weather derivative industry, this book is packed with practical information and theoretical insight into the world of weather derivative pricing.
Originally published in 2005, Weather Derivative Valuation covers all the meteorological, statistical, financial and mathematical issues that arise in the pricing and risk management of weather derivatives. There are chapters on meteorological data and data cleaning, the modelling and pricing of single weather derivatives, the modelling and valuation of portfolios, the use of weather and seasonal forecasts in the pricing of weather derivatives, arbitrage pricing for weather derivatives, risk management, and the modelling of temperature, wind and precipitation. Specific issues covered in detail include the analysis of uncertainty in weather derivative pricing, time-series modelling of daily temperatures, the creation and use of probabilistic meteorological forecasts and the derivation of the weather derivative version of the Black-Scholes equation of mathematical finance. Written by consultants who work within the weather derivative industry, this book is packed with practical information and theoretical insight into the world of weather derivative pricing.
This book presents a taxonomy framework and survey of methods relevant to explaining the decisions and analyzing the inner workings of Natural Language Processing (NLP) models. The book is intended to provide a snapshot of Explainable NLP, though the field continues to rapidly grow. The book is intended to be both readable by first-year M.Sc. students and interesting to an expert audience. The book opens by motivating a focus on providing a consistent taxonomy, pointing out inconsistencies and redundancies in previous taxonomies. It goes on to present (i) a taxonomy or framework for thinking about how approaches to explainable NLP relate to one another; (ii) brief surveys of each of the classes in the taxonomy, with a focus on methods that are relevant for NLP; and (iii) a discussion of the inherent limitations of some classes of methods, as well as how to best evaluate them. Finally, the book closes by providing a list of resources for further research on explainability.
We stand on the brink of one of the greatest ecological disasters of our time – the world is warming and seas are rising, and yet water is life; it brings change. Where one thing is wiped away, another rises. Drowned Worlds looks at the future we might have if the oceans rise – good or bad. Here you’ll find stories of action, adventure, romance and, yes, warning and apocalypse. Stories inspired by Ballard’s The Drowned World, Sterling’s Islands in the Net, and Ryman’s The Child Garden; stories that allow that things may get worse, but remembers that such times also bring out the best in us all. Multi-award winning editor Jonathan Strahan has put together sixteen unique tales of deluged worlds and those who fight to survive and strive to live. Featuring fiction by Paul McAuley, Ken Liu, Kim Stanley Robinson, Nina Allan, Kathleen Ann Goonan, Christopher Rowe, Nalo Hopkinson, Sean Williams, Jeffrey Ford, Lavie Tidhar, Rachel Swirsky, James Morrow, Charlie Jane Anders, Sam J. Miller and Catherynne M. Valente.
Instrumentation, control and automation (ICA) in wastewater treatment systems is now an established and recognised area of technology in the profession. There are obvious incentives for ICA, not the least from an economic point of view. Plants are also becoming increasingly complex which necessitates automation and control. Instrumentation, Control and Automation in Wastewater Systems summarizes the state-of-the-art of ICA and its application in wastewater treatment systems and focuses on how leading-edge technology is used for better operation. The book is written for: The practising process engineer and the operator, who wishes to get an updated picture of what is possible to implement in terms of ICA; The process designer, who needs to consider the couplings between design and operation; The researcher or the student, who wishes to get the latest technological overview of an increasingly complex field. There is a clear aim to present a practical ICA approach, based on a technical and economic platform. The economic benefit of different control and operation possibilities is quantified. The more qualitative benefits, such as better process understanding and more challenging work for the operator are also described. Several full-scale experiences of how ICA has improved economy, ease of operation and robustness of plant operation are presented. The book emphasizes both unit process control and plant wide operation. Scientific & Technical Report No. 15
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