Shape Instabilities in the Dynamics of a Two-component Fluid Membrane

We study the shape dynamics of a two-component fluid membrane, using a dynamical triangulation monte carlo simulation and a Langevin description. Phase separation induces morphology changes depending on the lateral mobility of the lipids. When the mobility is large, the familiar labyrinthine spinodal pattern is linearly unstable to undulation fluctuations and breaks up into buds, which move towards each other and merge. For low mobilities, the membrane responds elastically at short times, preferring to buckle locally, resulting in a crinkled surface.Comment: 4 pages, revtex, 3 eps figure

A Novel Monte Carlo Approach to the Dynamics of Fluids --- Single Particle Diffusion, Correlation Functions and Phase Ordering of Binary Fluids

We propose a new Monte Carlo scheme to study the late-time dynamics of a 2-dim hard sphere fluid, modeled by a tethered network of hard spheres. Fluidity is simulated by breaking and reattaching the flexible tethers. We study the diffusion of a tagged particle, and show that the velocity autocorrelation function has a long-time $t^{-1}$ tail. We investigate the dynamics of phase separation of a binary fluid at late times, and show that the domain size $R(t)$ grows as $t^{1/2}$ for high viscosity fluids with a crossover to $t^{2/3}$ for low viscosity fluids. Our scheme can accomodate particles interacting with a pair potential $V(r)$,and modified to study dynamics of fluids in three dimensions.Comment: Latex, 4 pages, 4 figure

Options on realized variance and convex orders

Realized variance option and options on quadratic variation normalized to unit expectation are analysed for the property of monotonicity in maturity for call options at a fixed strike. When this condition holds the risk-neutral densities are said to be increasing in the convex order. For Leacutevy processes, such prices decrease with maturity. A time series analysis of squared log returns on the S&P 500 index also reveals such a decrease. If options are priced to a slightly increasing level of acceptability, then the resulting risk-neutral densities can be increasing in the convex order. Calibrated stochastic volatility models yield possibilities in both directions. Finally, we consider modeling strategies guaranteeing an increase in convex order for the normalized quadratic variation. These strategies model instantaneous variance as a normalized exponential of a Leacutevy process. Simulation studies suggest that other transformations may also deliver an increase in the convex order

The fine structure of asset returns: an empirical investigation

We investigate the importance of diffusion and jumps in a new model for asset returns. In contrast to standard models, we allow for jump components displaying finite or infinite activity and variation. Empirical investigations of time series indicate that index dynamics are devoid of a diffusion component, which may be present in the dynamics of individual stocks. This leads to the conjecture, confirmed on options data, that the risk-neutral process should be free of a diffusion component. We conclude that the statistical and risk-neutral processes for equity prices are pure jump processes of infinite activity and finite variation

Test results for composite specimens and elements containing joints and cutouts

A program was conducted to develop the technology for joints and cutouts in a composite fuselage that meets all design requirements of a large transport aircraft for the 1990s. An advanced trijet derivative of the DC-10 was selected as the baseline aircraft. Design and analysis of a 30-foot-long composite fuselage barrel provided a realistic basis for the test effort. The primary composite material was Hexcel F584 resin on 12 K IM6 fiber, in tape and broadgoods form. Fiberglass broadgoods were used in E-glass and S-glass fiber form in the cutout region of some panels. Additionally, injection-molded chopped graphite fiber/PEEK was used for longeron-to-frame shear clips. The test effort included four groups of test specimens, beginning with coupon specimens of mono-layer and cross-piled laminates, progressing through increasingly larger and more complex specimens, and ending with two 4- by 5-foot curved fuselage side panels. One of the side panels incorporated a transverse skin splice, while the second included two cabin window cutouts