Michael P. O\u27Neil

Michael P. O\u27Neilhttps://scholarsjunction.msstate.edu/ua-photo-collection/7776/thumbnail.jp

Capacity access in telecommunication networks: evaluating the symmetry of cost-based access prices using option pricing theory

The search for an appropriate approach to pricing capacity access in telecommunication capacity networks has evolved variously in the literature through rate of return regulation, the Efficient Component Pricing Rule, price-cap regulation (RPI-X) and cost-based regulation, based on efficient forward-looking costs - all in search for an approach that would send signals for efficiency to the users of the access infrastructure and thereby facilitate the longer-term efficient development of access networks. In some literature and indeed in practice this search has for the time being settled on FL-LRIC,1 a cost-based access price, which has been widely advanced as an e¤ective instrument for incentive regulation. An emerging debate in the literature questions the versatility of FL-LRIC from the standpoint of option-theoretic considerations. An issue at the centre of the debate is the versatility of FL-LRIC in responding to the stochastic processes that de�fine downstream value. More speci�cally, whether, in view of the option-theoretic considerations, FL-LRIC is distortionary and whether such distortions, if any, are sufficiently material to adversely affect competitive outcomes. This thesis contributes to this debate, which sits at the interface of the theories to access pricing and option pricing, by taking it beyond the qualitative conjectures in literature and makes contributions on the following fronts. First, it develops a framework for valuing the flexibility of adapting to downstream value, and tests the neutrality of FL-LRIC as an approach for pricing capacity access, based on evidence from the analogue and ADSL platforms, using numerical methods. Second, it develops closed-form option-theoretic generalizations of the value of such flexibility, in the two platforms. The theoretical framework underpinning this thesis is option pricing theory. This theory is used because of its capacity to conceptualize and quantify the value of flexibility. This study uses data from the analogue and ASDL capacity access platforms in the UK. Maximum Likelihood Estimation is used to calibrate the stochastic differential equations describing downstream value and the value of the underlying contingent claims are estimated using risk-neutral valuation measures. From the standpoint of option pricing theory and based on UK evidence we �find that: (i) FL-LRIC is distortionary; and (ii) the level of the distortions, imply the existence of a strong incentive for inefficient entry

Michael P. O\u27Connor, an individual, Plaintiff and Appellant, v. Gary W. Burningham, Jeanna Burningham, Sandy Phillips, Ruby Ray, Drew Downs, Curt Parke, Julie Parke, Mike Powell, Barbara Powell, Steve Davis, Jan Davis, Todd Kirkpatrick, Sue Chandler, Dallie Haderlie, Wendy Haderlie, Sheldon Worthington, John C. Rogers, Kenny Norris, Robyn Norris, Will Sunderland, Darlene Durrant, Blair Swenson, Robert T. Price, Kim M. Price, Kent Beckstead, Suzanne Beckstead, Lisa Gray, John Jex, Jessica Jensen, Jeff Burningham and John Does 1-50, Defendants and Appellees : Brief of Appellant

MICHAEL P. O\u27CONNOR, an individual, Plaintiff and Appellant, v. GARY W. BURNINGHAM. JEANNA BURNINGHAM. SANDY PHILLIPS. RUBY RAY. DREW DOWNS. CURT PARKE. JULIE PARKE. MIKE POWELL. BARBARA POWELL. STEVE DAVIS. JAN DAVIS. TODD KIRKPATRICK. SUE CHANDLER. DALLIE HADERLIE. WENDY HADERLIE. SHELDON WORTHINGTON, JOHN C. ROGERS. KENNY NORRIS. RQBYN NORRIS. WILL SUNDERLAND. DARLENE DURRANT. BLAIR SWENSON, PAULA SWENSON, ROBERT T. PRICE. KIM M. PRICE. KENT BECKSTEAD. SUZANNE BECKSTEAD. LISA GRAY. JOHN JEX. JESSICA JOHNSEN. JEFF BURNINGHAM. and JOHN DOES 1-50, j Defendants and Appellees. | APPELLANT BRIEF Case No. 20060090 Subject to reassignment to the Court of Appeal

Capacity access in telecommunication networks : evaluating the symmetry of cost-based access prices using option pricing theory

The search for an appropriate approach to pricing capacity access in telecommunication capacity networks has evolved variously in the literature through rate of return regulation, the Efficient Component Pricing Rule, price-cap regulation (RPI-X) and cost-based regulation, based on efficient forward-looking costs - all in search for an approach that would send signals for efficiency to the users of the access infrastructure and thereby facilitate the longer-term efficient development of access networks. In some literature and indeed in practice this search has for the time being settled on FL-LRIC,1 a cost-based access price, which has been widely advanced as an e¤ective instrument for incentive regulation. An emerging debate in the literature questions the versatility of FL-LRIC from the standpoint of option-theoretic considerations. An issue at the centre of the debate is the versatility of FL-LRIC in responding to the stochastic processes that define downstream value. More specically, whether, in view of the option-theoretic considerations, FL-LRIC is distortionary and whether such distortions, if any, are sufficiently material to adversely affect competitive outcomes. This thesis contributes to this debate, which sits at the interface of the theories to access pricing and option pricing, by taking it beyond the qualitative conjectures in literature and makes contributions on the following fronts. First, it develops a framework for valuing the flexibility of adapting to downstream value, and tests the neutrality of FL-LRIC as an approach for pricing capacity access, based on evidence from the analogue and ADSL platforms, using numerical methods. Second, it develops closed-form option-theoretic generalizations of the value of such flexibility, in the two platforms. The theoretical framework underpinning this thesis is option pricing theory. This theory is used because of its capacity to conceptualize and quantify the value of flexibility. This study uses data from the analogue and ASDL capacity access platforms in the UK. Maximum Likelihood Estimation is used to calibrate the stochastic differential equations describing downstream value and the value of the underlying contingent claims are estimated using risk-neutral valuation measures. From the standpoint of option pricing theory and based on UK evidence we find that: (i) FL-LRIC is distortionary; and (ii) the level of the distortions, imply the existence of a strong incentive for inefficient entry.EThOS - Electronic Theses Online ServiceGBUnited Kingdo

Recommendation System for News Reader

Recommendation Systems help users to find information and make decisions where they lack the required knowledge to judge a particular product. Also, the information dataset available can be huge and recommendation systems help in filtering this data according to users‟ needs. Recommendation systems can be used in various different ways to facilitate its users with effective information sorting. For a person who loves reading, this paper presents the research and implementation of a Recommendation System for a NewsReader Application using Android Platform. The NewsReader Application proactively recommends news articles as per the reading habits of the user, recorded over a period of time and also recommends the currently trending articles. Recommendation systems and their implementations using various algorithms is the primary area of study for this project. This research paper compares and details popular recommendation algorithms viz. Content based recommendation systems, Collaborative recommendation systems etc. Moreover, it also presents a more efficient Hybrid approach that absorbs the best aspects from both the algorithms mentioned above, while trying to eliminate all the potential drawbacks observed

Oxometalate-glass composites and thin films

New glass-composites with ion exchange properties have been developed. Ammonium 12-molybdophosphate (AMP) (ΝΗ4)3ΡΜοΐ2θ4ο, and ammonium 12-tungstophosphate (AWP) (Nh4)3PW12O40, known for their ion exchange capabilities, are included either in preformed aerogels with defined pore size, or are added to sol-gel mixtures during the process of gel formation. Characterization is carried out by FTIR, Raman and EXAFS spectroscopy. Ion exchange capacities for the oxometalate precursors are determined for silver and rubidium and are compared to those of the glass composites. Glass composites show high ion exchange capacity, but some portion of the metalate complexes leaches from the glass during the procedure. This is in contrast to thin composite films, which have almost no porosity and do not show loss of metalate. EXAFS spectroscopy demostrates that the oxometalate microstructure is maintained in glass composites and that rubidium ions after ion exchange in glasses occupy similar cation positions as in the precursor compounds

Ariel - Volume 11 Number 1

Executive Editors Ellen Feldman Leonardo S. Nasca, Jr. Business Managers Barbara L. Davies Martin B. Getzow News Editor Aaron D. Bleznak Features Editor Dave Van Wagoner CAHS Editor Joan M. Greco Editorial Page Editor Samuel Markind Photography Editor Leonardo S. Nasca, Jr. Sports Editor Paul F. Mansfiel

Michael P. O\u27Connor, Plaintiff/Appellant, vs. Gary W. Burningham, Jeanna Burningham, Sandy Phillips, RUby Ray, Drew Downs, Curt Parke, Mike Powell, Barbara Powell, Steve Davis, Jan Dacis, Todd Kirkpatrick, Sue Chandler, Dallie Haderlie, Wendy Haderlie, Sheldon Worthington, John C. Rogers, Kenny Norris, Robyn Norris, Will Sunderland, Darlene Durrant, Blair Swenson, Paula Swenson, Robert T. Price, Kent Beckstead, Lisa Gray, John Jex, Jessica Johnson, Jeff Burningham and John Does 1-50 : Reply Brief

APPELLANT REPLY BRIEF APPEAL FROM THE FOURTH DISTRICT COURT IN AND FOR UTAH COUNTY, STATE OF UTAH JUDGE JAMES R. TAYLO

Michael P. O\u27Connor, Plaintiff/Appellant, vs. Gary W. Burningham, Jeanna Burningham, Sandy Phillips, RUby Ray, Drew Downs, Curt Parke, Mike Powell, Barbara Powell, Steve Davis, Jan Dacis, Todd Kirkpatrick, Sue Chandler, Dallie Haderlie, Wendy Haderlie, Sheldon Worthington, John C. Rogers, Kenny Norris, Robyn Norris, Will Sunderland, Darlene Durrant, Blair Swenson, Paula Swenson, Robert T. Price, Kent Beckstead, Lisa Gray, John Jex, Jessica Johnson, Jeff Burningham and John Does 1-50 : Brief of Appellee

BRIEF OF APPELLEES APPEAL FROM A GRANT OF SUMMARY JUDGMENT IN FAVOR OF DEFENDANTS IN THE FOURTH JUDICIAL DISTRICT COURT OF UTAH, JUDGE JAMES R. TAYLOR PRESIDIN