In this paper we derive power futures prices from a two-factor spot model being a generalization of the classical Schwartz–Smith commodity dynamics. We include non-Gaussian effects by introducing Lévy processes as the ...

Numerical simulations using non-linear finite element analysis have been perform to study ship grounding. The results are compared with experimental tests which was performed in USA in 1995 and good agreement is achieved. ...

Published by Palgrave Macmillan. Reproduced with permission of Palgrave Macmillan. This extract is taken from the author's original manuscript and has not been edited. The definitive, published, version of record is available ...

We present an overview of the continuous and discontinuous Galerkin finite element methods (CG-FEM, DG-FEM) for numerical solution of the transport equation and show how the Navier-Stokes equations can be solved with CG-FEM ...

We introduce Bichromatic Synthetic Schlieren (BiCSS) for instantaneous surface measurements, in where we use two simultaneous images taken at blue and near infrared wavelengths, making use of that refractive index variation ...

Slippery runways represent a significant risk to aircrafts especially during the winter season. In order to apply the appropriate braking action, the pilots need reliable information about the runway conditions. Unfortunately ...

Environmental contours are widely used as a basis for e.g., ship design. The traditional approach to environmental contours is based on the well-known Rosenblatt transformation. However, due to the effects of this ...

The aim of this study is to measure velocity fields and accurate surface elevation in solitary waves utilizing a fast Xray PTV system. It is difficult to measure the free surface of water waves with the optical measurement ...

We present a new approach to the optimal portfolio problem for an insider with logarithmic utility. Our method is based on white noise theory, stochastic forward integrals, Hida-Malliavin calculus and the Donsker delta function.