In engineering design, the traditional “deterministic” modelling approach assumes fixed values for loads, material properties ...
ABSTRACT: Repeated convolution and truncation of a truncated fat-tailed distribution, instead of Monte Carlo simulation, for pricing a discrete, simple barrier option is presented. The parameters for ...
On his second LP, the Berlin-based musician opens himself to chance and presents a vision of techno that harnesses randomness for all its potential. He emerges a more remarkable musician than ever.
Pilots' decision-making in aviation is significantly altered by the perception of being observed, often leading to decisions influenced by social pressure rather than optimal safety. The author ...
Abstract: This paper presents exact formulas for the probability distribution function (PDF) and moment generating function (MGF) of the sum-product of statistically independent but not necessarily ...
A novel stochastic numerical scheme is introduced to solve stochastic differential equations. The development of the scheme is based on two different parts. One part finds the solution for the ...
Abstract: Stochastic differential equation (SDE)-based random process models of renewable energy sources (RESs) jointly capture evolving probability distribution and temporal correlation in continuous ...
1 Henan Key Laboratory of Imaging and Intelligent Processing, PLA Strategy Support Force Information Engineering University, Zhengzhou, Henan, China 2 PLA Strategy Support Force Information ...
“We can now control quantum randomness in a vacuum,” claim scientists. It’s hard to think of a vacuum, as it’s a place devoid of matter or light. But in the quantum world, this isn’t true. Tiny ...
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