SAS AB Valuation : was it a good decision of the Norwegian government to take part of the SAS AB’s 2009 rights issue?

This master thesis is a valuation of SAS AB seen through the angle of the Norwegian government’s ownership. It is based on publicly available information up until March 2009. After an introduction of the airline industry and the SAS Group, we present relevant theory used to value the company. Then we analyze the historical economic performance of SAS and the company’s strategic position. Knowledge acquired from the historical and strategic analysis is then used to create financial forecasts. Based on this and the estimated cost of capital the net present value of the future free cash flows is estimated. After adjusting for SAS’ net debt and the number of shares it gives us an estimated share value of SEK 5.67. The validity of this result is evaluated through a multiple and sensitivity analysis. The conclusion is that the government proved good ownership responsibility in participating in the 2009 rights issue

Defining A Region: The Great River Road In Missouri

The Great River Road (GRR) is an established roadway along both the east and west banks of the Mississippi River which serves to connect people to the geography of this area. In this study, the socio-economic characteristics present in Missouri are analyzed to determine if a more formal GRR region exists in Missouri. County-level data from five-year estimates (2014 – 2018) conducted by the United States Census Bureau are used to give greater insight on any unifying characteristics the GRR may have in Missouri. Social, economic, housing, and demographic information combined with spatial pattern analysis help identify evidence of a ‘region’ based around the GRR in Missouri. This spatial data analysis provides information to confirm the presence of a more accurate GRR regional border of the GRR with a subsequent proposal of subregions

Optical phase noise and carrier-envelope offset noise of mode-locked lasers

The timing jitter, optical phase noise, and carrier-envelope offset (CEO) noise of passively mode-locked lasers are closely related. New key results concern analytical calculations of the quantum noise limits for optical phase noise and CEO noise. Earlier results for the optical phase noise of actively mode-locked lasers are generalized, particularly for application to passively mode-locked lasers. It is found, for example, that mode locking with slow absorbers can lead to optical linewidths far above the Schawlow-Townes limit. Furthermore, mode-locked lasers can at the same time have nearly quantum-limited timing jitter and a strong optical excess phase noise. A feedback timing stabilization via cavity length control can, depending on the situation, reduce or greatly increase the optical phase noise, while not affecting the CEO noise. Besides presenting such findings, the paper also tries to clarify some basic aspects of phase noise in mode-locked laser

Optimization of cw sodium laser guide star efficiency

Context: Sodium laser guide stars (LGS) are about to enter a new range of laser powers. Previous theoretical and numerical methods are inadequate for accurate computations of the return flux and hence for the design of the next-generation LGS systems. Aims: We numerically optimize the cw (continuous wave) laser format, in particular the light polarization and spectrum. Methods: Using Bloch equations, we simulate the mesospheric sodium atoms, including Doppler broadening, saturation, collisional relaxation, Larmor precession, and recoil, taking into account all 24 sodium hyperfine states and on the order of 100 velocity groups. Results: LGS return flux is limited by "three evils": Larmor precession due to the geomagnetic field, atomic recoil due to radiation pressure, and transition saturation. We study their impacts and show that the return flux can be boosted by repumping (simultaneous excitation of the sodium D2a and D2b lines with 10-20% of the laser power in the latter). Conclusions: We strongly recommend the use of circularly polarized lasers and repumping. As a rule of thumb, the bandwidth of laser radiation in MHz (at each line) should approximately equal the launched laser power in Watts divided by six, assuming a diffraction-limited spot size.Comment: 15 pages, 12 figures, to be published in Astronomy & Astrophysics, AA/2009/1310

First Steps into Practical Engineering for Freshman Students Using MATLAB and LEGO Mindstorms Robots

Besides lectures on basic theoretical topics, contemporary teaching and learning concepts for first semester students give more and more consideration to practically motivated courses. In this context, a new first-year introductory course in practical engineering has been established in the first semester curriculum of Electrical Engineering at RWTH Aachen University, Germany. Based on a threefold learning concept, programming skills in MATLAB are taught to 309 students within a full-time block course laboratory. The students are encouraged to transfer known mathematical basics to program algorithms and real-world applications performed by 100 LEGO Mindstorms robots. A new MATLAB toolbox and twofold project tasks have been developed for this purpose by a small team of supervisors. The students are supervised by over 60 tutors at 23 institutes, and are encouraged to create their own robotics applications. We describe how the laboratory motivates the students to act and think like engineers and to solve real-world issues with limited resources. The evaluation results show that the proposed practical course concept successfully boosts students’ motivation, advances their programming skills, and encourages the peer learning process.

Ultra-precise measurement of optical frequency ratios

We developed a novel technique for frequency measurement and synthesis, based on the operation of a femtosecond comb generator as transfer oscillator. The technique can be used to measure frequency ratios of any optical signals throughout the visible and near-infrared part of the spectrum. Relative uncertainties of $10^{-18}$ for averaging times of 100 s are possible. Using a Nd:YAG laser in combination with a nonlinear crystal we measured the frequency ratio of the second harmonic $\nu_{SH}$ at 532 nm to the fundamental $\nu_0$ at 1064 nm, $\nu_{SH}/\nu_0 = 2.000 000 000 000 000 001 \times (1 \pm 7 \times 10^{-19})$.Comment: 4 pages, 4 figure

Rapid Oxidation Characterization of Ultra-High Temperature Ceramics

Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/65673/1/j.1551-2916.2007.01861.x.pd

Relative timing jitter measurements with an indirect phase comparison method

We propose and demonstrate experimentally a method for the sensitive measurement of the relative timing jitter of two mode-locked lasers, which can be either free-running or timing-synchronized to a common reference oscillator. The method is based on the indirect comparison of the phases of two photodetector outputs, using a microwave oscillator, the noise of which does not affect the results, electronic mixers, and a sampling oscilloscope. We carefully analyze and experimentally demonstrate the potential of this method. Compared to phase detector methods, it has a broader scope of applications and a lower sensitivity to intensity noise. We also obtained data on the coupling of intensity to timing noise in photodetector