Applied research by design: an experimental collaborative and interdisciplinary design charrette

This article reports on one experimental case of interdisciplinary collaboration on a design and planning exercise across several scales – local through urban to regional – and sectors – private, public, scholarly, and interest groups. The case is a collaborative and interdisciplinary design charrette on sustainable urbanism for envisioning the future of the Greater Metropolitan Area of Florence in Italy. The experiment entailed the attempt to integrate complex urban conditions via the design charrette in order to create more healthy and sustainable cities. This collaborative work shows how conditions that are at times not addressed comprehensively nor holistically can be combined through doing applied research by design; where design is understood as a process of discovery and creation that results in synthesis. The article details the methodology applied, and provides an initial assessment on the process that the charrette employed. Moreover, it highlights some professional and policy implications of the effort. Finally, it provides a provisional assessment on learning outcomes and addresses opportunities to improve future exercises of this nature

Incorporating signals into optimal trading

Optimal trading is a recent field of research which was initiated by Almgren, Chriss, Bertsimas and Lo in the late 90's. Its main application is slicing large trading orders, in the interest of minimizing trading costs and potential perturbations of price dynamics due to liquidity shocks. The initial optimization frameworks were based on mean-variance minimization for the trading costs. In the past 15 years, finer modelling of price dynamics, more realistic control variables and different cost functionals were developed. The inclusion of signals (i.e. short term predictors of price dynamics) in optimal trading is a recent development and it is also the subject of this work. We incorporate a Markovian signal in the optimal trading framework which was initially proposed by Gatheral, Schied, and Slynko [21] and provide results on the existence and uniqueness of an optimal trading strategy. Moreover, we derive an explicit singular optimal strategy for the special case of an Ornstein-Uhlenbeck signal and an exponentially decaying transient market impact. The combination of a mean-reverting signal along with a market impact decay is of special interest, since they affect the short term price variations in opposite directions. Later, we show that in the asymptotic limit were the transient market impact becomes instantaneous, the optimal strategy becomes continuous. This result is compatible with the optimal trading framework which was proposed by Cartea and Jaimungal [10]. In order to support our models, we analyse nine months of tick by tick data on 13 European stocks from the NASDAQ OMX exchange. We show that orderbook imbalance is a predictor of the future price move and it has some mean-reverting properties. From this data we show that market participants, especially high frequency traders, use this signal in their trading strategies

Statistics in focus: Population and social conditions. Social protection in Europe. 2000.15

As the first step for approaching the uniqueness and blowup properties of the solutions of the stochastic wave equations with multiplicative noise, we analyze the conditions for the uniqueness and blowup properties of the solution (Xt,Yt) of the equations dXt=Ytdt, dYt=|Xt|αdBt, (X0,Y0)=(x0,y0). In particular, we prove that solutions are nonunique if 01 and (x0,y0)≠(0,0)

Investigating the Relationship Between Corticosterone and Glucose in a Reptile

The glucocorticoid hormone corticosterone (CORT) has classically been used in ecophysiological studies as a proxy for stress and energy mobilization, but rarely are CORT and the energy metabolites themselves concurrently measured. To examine CORT\u27s role in mobilizing glucose in a wild reptile, we conducted two studies. The first study measured natural baseline and stress-induced blood-borne CORT and glucose levels in snakes during spring emergence and again when snakes return to the denning sites in autumn. The second study manipulated the hypothalamic–pituitary–adrenal (HPA) axis in male snakes in the autumn by taking a baseline blood sample, then subjecting individuals to one of five treatments (no injection, saline, CORT, adrenocorticotropin hormone and metyrapone). Subsequent samples were taken at 30 and 60 min. In both studies, we found that glucose levels do increase with acute stress, but that the relationship was not directly related to CORT elevation. In the second study, we found that none of the HPA axis manipulations directly affected blood glucose levels, further indicating that CORT may play a complex but not direct role in glucose mobilization in snakes. This study highlights the need for testing mechanisms in wild organisms by combining in situ observations with manipulative studies

Mixed-state twin observables

Twin observables, i.e. opposite subsystem observables A+ and A- that are indistinguishable in measurement in a given mixed or pure state W, are investigated in detail algebraicly and geometrically. It is shown that there is a far-reaching correspondence between the detectable (in W) spectral entities of the two operators. Twin observables are state-dependently quantum-logically equivalent, and direct subsystem measurement of one of them ipso facto gives rise to the indirect (i.e. distant) measurement of the other. Existence of nontrivial twins requires singularity of W. Systems in thermodynamic equilibrium do not admit subsystem twins. These observables may enable one to simplify the matrix representing W.Comment: 13 page

Columbia River Basin Water Law Institutions and Policies Survey: Report to the Western Water Policy Review Advisory Commission

Report to the Western Water Policy Review Advisory Commissio

A spin chain model with non-Hermitian interaction: the Ising quantum spin chain in an imaginary field

We investigate a lattice version of the Yang-Lee model which is characterized by a non-Hermitian quantum spin chain Hamiltonian. We propose a new way to implement PT-symmetry on the lattice, which serves to guarantee the reality of the spectrum in certain regions of values of the coupling constants. In that region of unbroken PT-symmetry we construct a Dyson map, a metric operator and find the Hermitian counterpart of the Hamiltonian for small values of the number of sites, both exactly and perturbatively. Besides the standard perturbation theory about the Hermitian part of the Hamiltonian, we also carry out an expansion in the second coupling constant of the model. Our constructions turns out to be unique with the sole assumption that the Dyson map is Hermitian. Finally we compute the magnetization of the chain in the z and x direction

Surface and lightning sources of nitrogen oxides over the United States: Magnitudes, chemical evolution, and outflow

We use observations from two aircraft during the ICARTT campaign over the eastern United States and North Atlantic during summer 2004, interpreted with a global 3-D model of tropospheric chemistry (GEOS-Chem) to test current understanding of regional sources, chemical evolution, and export of NOx. The boundary layer NOx data provide top-down verification of a 50% decrease in power plant and industry NOx emissions over the eastern United States between 1999 and 2004. Observed NOx concentrations at 8–12 km altitude were 0.55 ± 0.36 ppbv, much larger than in previous U.S. aircraft campaigns (ELCHEM, SUCCESS, SONEX) though consistent with data from the NOXAR program aboard commercial aircraft. We show that regional lightning is the dominant source of this upper tropospheric NOx and increases upper tropospheric ozone by 10 ppbv. Simulating ICARTT upper tropospheric NOx observations with GEOS-Chem requires a factor of 4 increase in modeled NOx yield per flash (to 500 mol/ flash). Observed OH concentrations were a factor of 2 lower than can be explained from current photochemical models, for reasons that are unclear. A NOy-CO correlation analysis of the fraction f of North American NOx emissions vented to the free troposphere as NOy (sum of NOx and its oxidation products) shows observed f = 16 ± 10% and modeled f = 14 ± 9%, consistent with previous studies. Export to the lower free troposphere is mostly HNO3 but at higher altitudes is mostly PAN. The model successfully simulates NOy export efficiency and speciation, supporting previous model estimates of a large U.S. anthropogenic contribution to global tropospheric ozone through PAN export