Recent results from the cosmic ray program of the NA61/SHINE experiment

NA61/SHINE is a fixed target experiment designed to study hadron-proton, hadron-nucleus and nucleus-nucleus interactions at the CERN Super-Proton-Synchrotron. In this paper we summarize the results from pion-carbon collisions recorded at beam momenta of 158 and 350 GeV/c. Hadron production measurements in this type of interactions is of fundamental importance for the understanding of the muon production in extensive air showers. In particular, production of (anti)baryons and $\rho^0$ are mechanisms responsible for increasing the number of muons which reaches the ground. The underestimation of the (anti)baryons or $\rho^0$ production rates in current hadronic interaction models could be one of the sources of the excess of muons observed by cosmic ray experiments. The results on the production spectra of $\pi^{\pm}$, K$^{\pm}$, p, $\bar{\text{p}}$, $\Lambda$, $\bar{\Lambda}$, K$^{0}_\text{S}$, $\rho^0$, $\omega$ and K$^{0*}$ are presented, as well as their comparison to predictions of hadronic interaction models currently used in air shower simulations.Comment: 8 pages, 9 figures. To appear in the proceedings of the 20th International Symposium on Very High Energy Cosmic Ray Interactions (ISVHECRI 2018), Nagoya, Japa

Process and Progress: Reviewing the Criminal Justice Act

Prado describes the results of a comprehensive study of the federal defender program and concludes that as the federal criminal justice system evolves, the Criminal Justice Act program must adapt to ever-changing conditions

The European used-car market at a glance: Hedonic resale price valuation in automotive leasing industry

In the leasing industry, the risk of loss on sales at the end of the contract term, as well as pricing are critically impacted by the forecasted resale price of the asset (residual value). We apply the Hedonic methodology to European auto lease portfolios, in order to estimate the resale price distribution. The Hedonic approach estimates the price of a good through the valuation of its attributes. Following a discussion on Hedonic prices, we propose an operational model for the automobile resale market. The model is applied to four European countries (France, Germany, Spain and Great Britain), and distributions are calculated on two vehicle versions (Audi A4 & Ford Focus) allowing a comparison of market depreciation patterns and residual value risks.Hedonic model, residual value, automotive market

Hedging residual value risk using derivatives

Abstract: In the leasing industry the lessor faces a risk, at the end of the contract, in not recovering sufficient capital value from resale of the asset. We propose a model to hedge residual value risk using the Gaussian copula methodology. After discussing residual value risk and credit risk modelization, a new derivative product is introduced and analyzed; the Collateralized Residual Values (CRV). The model is applied to an European auto lease portfolio of operating lease contracts pertaining to a major company. Our results indicate that the financial product is easy to customize, and to implement through the contract characteristics and the level of correlation.Residual value risk, credit risk, credit derivatives, factor modeling, copula

Tests of hadronic interactions with measurements by Pierre Auger Observatory

The hybrid design of the Pierre Auger Observatory allows for the measurement of a number of properties of extensive air showers initiated by ultra-high energy cosmic rays. By comparing these measurements to predictions from air shower simulations, it is possible to both infer the cosmic ray's mass composition and test hadronic interactions beyond the energies reached by accelerators. In this paper, we will present a compilation of results of air shower measurements by Pierre Auger Observatory which are sensitive to the properties of hadronic interactions and can be used to constrain the hadronic interaction models. The inconsistencies found between the interpretation of different observables with regard to primary composition and between their measurements and simulations show that none of the currently used hadronic interaction models can provide a proper description of air showers and, in particular, of the muon production.Comment: 6 pages, 5 figures. To appear in the proceedings of the 20th International Symposium on Very High Energy Cosmic Ray Interactions (ISVHECRI 2018), Nagoya, Japa

Measurements of Hadron Production in Pion-Carbon Interactions with NA61/SHINE at the CERN SPS

NA61/SHINE is a fixed target experiment designed to study hadron-proton, hadron-nucleus and nucleus-nucleus interactions at the CERN Super-Proton-Synchrotron. In this proceeding we present results on spectra of identified hadrons produced in pion-carbon production interactions, which are of fundamental importance to improve the extensive air shower modeling, and hence the interpretation of ultra-high-energy-cosmic-rays measurements. In particular, our measurements of (anti)baryons and $\rho^0$ production in pion-carbon interactions can contribute to improve the predictions of muon production by air shower simulations using hadronic interaction models. In this contribution we discuss the data analysis and the results from pion-carbon collisions recorded at beam momenta of 158 and 350 GeV/c. The preliminary spectra of $K^{\pm}$ and $p$($\bar{p}$) are shown, as well as a comparison to predictions of hadronic interaction models used in air shower simulations. Additionally, we present final results on the production of $\rho^0$, $\omega$ and $K^{0*}$ resonances.Comment: Proceedings of 35th International Cosmic Rays Conference, Busan, South Kore