Nova Reader - Subject

Innovations in Derivatives Markets

2016-12-01T18:30

This book presents 20 peer-reviewed chapters on current aspects of derivatives markets and derivative pricing. The contributions, written by leading researchers in the field as well as experienced authors from the financial industry, present the state of the art in:

Modeling counterparty credit risk: credit valuation adjustment, debit valuation adjustment, funding valuation adjustment, and wrong way risk.
Pricing and hedging in fixed-income markets and multi-curve interest-rate modeling.
Recent developments concerning contingent convertible bonds, the measuring of basis spreads, and the modeling of implied correlations.

The recent financial crisis has cast tremendous doubts on the classical view on derivative pricing. Now, counterparty credit risk and liquidity issues are integral aspects of a prudent valuation procedure and the reference interest rates are represented by a multitude of curves according to their different periods and maturities.

A panel discussion included in the book (featuring Damiano Brigo, Christian Fries, John Hull, and Daniel Sommer) on the foundations of modeling and pricing in the presence of counterparty credit risk provides intriguing insights on the debate.

Handbook of Ocean Wave Energy

2016-12-06T18:30

This book offers a concise, practice-oriented reference-guide to the field of ocean wave energy. The ten chapters highlight the key rules of thumb, address all the main technical engineering aspects and describe in detail all the key aspects to be considered in the techno-economic assessment of wave energy converters. Written in an easy-to-understand style, the book answers questions relevant to readers of different backgrounds, from developers, private and public investors, to students and researchers. It is thereby a valuable resource for both newcomers and experienced practitioners in the wave energy sector.

Evolution, Monitoring and Predicting Models of Rockburst

2017-12-12T18:30

This open access book focuses on investigating predicting precursor information and key points of rockburst in mining engineering through laboratory experiment, theoretical analysis, numerical simulation and case studies. Understanding the evolution patterns for the microstructure instability of rock is a prerequisite for rockburst prediction. The book provides a guide for readers seeking to understand the evolution patterns for the microstrucure of rock failure, the predicting key point of rock failure and the rockburst predicting model. It will be an essential reference to understand mechanism of rockburst and sheds new light on dynamic disasters prediction. Chapters are carefully developed to cover (1) The evolution patterns for the microstructure instability of rock; (2) Rockburst hazard monitoring and predicting criterion and predicting models. The book addresses the issue with a holistic and systematic approach that investigates the occurrence mechanism of rockburst based on the evolution patterns for the microstructure of rock failure and establishes the predicting model of rockburst. This book will be of interest to researchers of mining engineering, rock mechanics engineering and safety engineering.

Autonomous Driving

2016-05-20T18:30

This book takes a look at fully automated, autonomous vehicles and discusses many open questions: How can autonomous vehicles be integrated into the current transportation system with diverse users and human drivers? Where do automated vehicles fall under current legal frameworks? What risks are associated with automation and how will society respond to these risks? How will the marketplace react to automated vehicles and what changes may be necessary for companies? Experts from Germany and the United States define key societal, engineering, and mobility issues related to the automation of vehicles. They discuss the decisions programmers of automated vehicles must make to enable vehicles to perceive their environment, interact with other road users, and choose actions that may have ethical consequences. The authors further identify expectations and concerns that will form the basis for individual and societal acceptance of autonomous driving. While the safety benefits of suchvehicles are tremendous, the authors demonstrate that these benefits will only be achieved if vehicles have an appropriate safety concept at the heart of their design. Realizing the potential of automated vehicles to reorganize traffic and transform mobility of people and goods requires similar care in the design of vehicles and networks. By covering all of these topics, the book aims to provide a current, comprehensive, and scientifically sound treatment of the emerging field of “autonomous driving".

Aquaculture Perspective of Multi-Use Sites in the Open Ocean

2017-04-05T18:30

This volume addresses the potential for combining large-scale marine aquaculture of macroalgae, molluscs, crustaceans, and finfish, with offshore structures, primarily those associated with energy production, such as wind turbines and oil-drilling platforms. The volume offers a comprehensive overview and includes chapters on policy, science, engineering, and economic aspects to make this concept a reality. The compilation of chapters authored by internationally recognized researchers across the globe addresses the theoretical and practical aspects of multi-use, and presents case studies of research, development, and demonstration-scale installations in the US and EU.