This paper provides risky closeout amount in computing counterparty credit risk. Under this closeout, we obtain a new nonlinear PDE model describing the value of a standard interest swap with counterparty credit risk in the reduced form framework, thus get a new method to calculate counterparty...

With the rapid development of wind energy, relay protection for large-scale wind farms has been attracting some researchers, due to the absence of standards. Based on the large-scale doubly fed induction generator (DFIG)-based wind farms located in Gansu Province, China, this paper studies the...

It is an important means in management of improving both the quality and quantity of cultivated land to monitor grade changes in cultivated land quality. How to deploy monitoring network system and its point reasonably and roundly are the key to the technology of monitoring grade changes in...

The Lower Silurian Longmaxi Formation is an organic-rich (black) mudrock that is widely considered to be a potential shale gas reservoir in the southern Sichuan Basin (the Yangtze plate) in Southwest China. A case study is presented to characterise the shale gas reservoir using a workflow to...

Recently, the modified BFW model on random graphs [W. Chen, R.M. D’Souza, Phys. Rev. Lett. 106 (2011) 115701], which shows a discontinuous percolation transition with multiple giant components, has attracted much attention from physicists and statisticians. In this paper, by establishing the...

Calibration, the statistical consistency of forecast distributions and observations, is a central requirement for probabilistic predictions. Calibration of continuous forecasts has been widely discussed, and significance tests are commonly used to detect whether a prediction model is...

Using the technology of spectral selectivity to integrate different solar power generators in a hybrid system is a feasible way to improve the optical-electric efficiency. This paper presents an 82-layer broadband optical interference thin-film filter matching with crystalline silicon...

In this paper, we develop a simple algorithm to determine the required number of generating units of wind-turbine generator and photovoltaic array, and the associated storage capacity for stand-alone hybrid microgrid. The algorithm is based on the observation that the state of charge of battery...

Notions of positive dependence and copulas play important roles in modeling dependent risks. The invariant properties of notions of positive dependence and copulas under increasing transformations are often used in the studies of economics, finance, insurance and many other fields. In this...