Dynamic asset trees and Black Monday

The minimum spanning tree, based on the concept of ultrametricity, is constructed from the correlation matrix of stock returns. The dynamics of this asset tree can be characterised by its normalised length and the mean occupation layer, as measured from an appropriately chosen centre called the `central node'. We show how the tree length shrinks during a stock market crisis, Black Monday in this case, and how a strong reconfiguration takes place, resulting in topological shrinking of the tree.Comment: 6 pages, 3 eps figues. Elsevier style. Will appear in Physica A as part of the Bali conference proceedings, in pres

Application of Replacement Theory in Determination of Pavement Design Life

This paper presents a methodology to determine the economic life of pavement based replacement theory/decision. The replacement theory is generally used for the determination of the replacement period of machines, bulbs, vehicles, equipment, buildings, T.V. parts… etc. This theory has been used to determine the economic life pavement for a road project and a bridge project with a real case study. The economic life has been found out. The economic life of flexible pavement has been found to be 15 years for national highways. This theory can be also applied to determine the economic life of new developed items/useful materials for highway projects

Dynamic asset trees and portfolio analysis

The minimum spanning tree, based on the concept of ultrametricity, is constructed from the correlation matrix of stock returns and provides a meaningful economic taxonomy of the stock market. In order to study the dynamics of this asset tree we characterize it by its normalized length and by the mean occupation layer, as measured from an appropriately chosen center. We show how the tree evolves over time, and how it shrinks particularly strongly during a stock market crisis. We then demonstrate that the assets of the optimal Markowitz portfolio lie practically at all times on the outskirts of the tree. We also show that the normalized tree length and the investment diversification potential are very strongly correlated.Comment: 9 pages, 3 figures (encapsulated postscript

Raman anomalies as signatures of pressure induced electronic topological and structural transitions in black phosphorus: Experiments and Theory

We report high pressure Raman experiments of Black phosphorus up to 24 GPa. The line widths of first order Raman modes A$^1_g$, B$_{2g}$ and A$^2_g$ of the orthorhombic phase show a minimum at 1.1 GPa. Our first-principles density functional analysis reveals that this is associated with the anomalies in electron-phonon coupling at the semiconductor to topological insulator transition through inversion of valence and conduction bands marking a change from trivial to nontrivial electronic topology. The frequencies of B$_{2g}$ and A$^2_g$ modes become anomalous in the rhombohedral phase at 7.4 GPa, and new modes appearing in the rhombohedral phase show anomalous softening with pressure. This is shown to originate from unusual structural evolution of black phosphorous with pressure, based on first-principles theoretical analysis.Comment: 13pages, 12figure

Quantum entanglement: The unitary 8-vertex braid matrix with imaginary rapidity

We study quantum entanglements induced on product states by the action of 8-vertex braid matrices, rendered unitary with purely imaginary spectral parameters (rapidity). The unitarity is displayed via the "canonical factorization" of the coefficients of the projectors spanning the basis. This adds one more new facet to the famous and fascinating features of the 8-vertex model. The double periodicity and the analytic properties of the elliptic functions involved lead to a rich structure of the 3-tangle quantifying the entanglement. We thus explore the complex relationship between topological and quantum entanglement.Comment: 4 pages in REVTeX format, 2 figure

Kinetic market models with single commodity having price fluctuations

We study here numerically the behavior of an ideal gas like model of markets having only one non-consumable commodity. We investigate the behavior of the steady-state distributions of money, commodity and total wealth, as the dynamics of trading or exchange of money and commodity proceeds, with local (in time) fluctuations in the price of the commodity. These distributions are studied in markets with agents having uniform and random saving factors. The self-organizing features in money distribution are similar to the cases without any commodity (or with consumable commodities), while the commodity distribution shows an exponential decay. The wealth distribution shows interesting behavior: Gamma like distribution for uniform saving propensity and has the same power-law tail, as that of the money distribution, for a market with agents having random saving propensity.Comment: RevTeX4, 6 pages, 5 eps figures, accepted in Eur. Phys. J.

Kinetic Exchange Models for Income and Wealth Distributions

Increasingly, a huge amount of statistics have been gathered which clearly indicates that income and wealth distributions in various countries or societies follow a robust pattern, close to the Gibbs distribution of energy in an ideal gas in equilibrium. However, it also deviates in the low income and more significantly for the high income ranges. Application of physics models provides illuminating ideas and understanding, complementing the observations.Comment: 15 pages, 20 eps figures, EPJ class; To be published as "Colloquium" in Eur Phys J

Absorbing Phase Transition in a Four State Predator Prey Model in One Dimension

The model of competition between densities of two different species, called predator and prey, is studied on a one dimensional periodic lattice, where each site can be in one of the four states say, empty, or occupied by a single predator, or occupied by a single prey, or by both. Along with the pairwise death of predators and growth of preys, we introduce an interaction where the predators can eat one of the neighboring prey and reproduce a new predator there instantly. The model shows a non-equilibrium phase transition into a unusual absorbing state where predators are absent and the lattice is fully occupied by preys. The critical exponents of the system are found to be different from that of the Directed Percolation universality class and they are robust against addition of explicit diffusion.Comment: 10 pages, 6 figures, to appear in JSTA

A Theoretical Construction of Thin Shell Wormhole from Tidal Charged Black hole

Recently, Dadhich et al [ Phys.Lett.B 487, 1 (2000)] have discovered a black hole solution localized on a three brane in five dimensional gravity in the Randall-Sundrum scenario. In this article, we develop a new class of thin shell wormhole by surgically grafting above two black hole spacetimes. Various aspects of this thin wormhole are also analyzed.Comment: 14 pages, 6 figures, Accepted in Gen.Rel.Gra

Interaction Between The Broad-lined Type Ic Supernova 2012ap and Carriers of Diffuse Interstellar Bands

The diffuse interstellar bands (DIBs) are absorption features observed in optical and near-infrared spectra that are thought to be associated with carbon-rich polyatomic molecules in interstellar gas. However, because the central wavelengths of these bands do not correspond with electronic transitions of any known atomic or molecular species, their nature has remained uncertain since their discovery almost a century ago. Here we report on unusually strong DIBs in optical spectra of the broad-lined Type Ic supernova SN 2012ap that exhibit changes in equivalent width over short (~30 days) timescales. The 4428 and 6283 Angstrom DIB features get weaker with time, whereas the 5780 Angstrom feature shows a marginal increase. These nonuniform changes suggest that the supernova is interacting with a nearby source of the DIBs and that the DIB carriers possess high ionization potentials, such as small cations or charged fullerenes. We conclude that moderate-resolution spectra of supernovae with DIB absorptions obtained within weeks of outburst could reveal unique information about the mass-loss environment of their progenitor systems and provide new constraints on the properties of DIB carriers.Comment: 6 pages, 3 figures, accepted for publication in ApJ