Vibration problem of a spherical tank containing jet propellant: numerical simulations

This document is the final report on the joint research project on vibration problem of a spherical tank containing jet propellant between IHI, Japan and SES, University of Southampton, UK. The background of the project is described. The fundamental principles and numerical method used in numerical simulations are presented. The detailed FEA models for each studied cases are given. The calculation results are presented using tables, curves, figures as well as the attached data files. The available experiment results are listed to compare with the numerical calculations. The calculation results show a fundamental agreement with the experiment results. The numerical analysis confirms that:1)Due to water – tank interaction, the natural frequencies of the water – tank system are decreased with the water level increase. For the 25% water level, the natural frequencies, especially heave mode frequency, shows a significant decrease compared with the empty case. However, with continuing increase the filed water more than 25% level, the decrease gradient of the natural frequencies gradually tends to zero. In the 100% water case, the natural frequency of heave mode is about 200 Hz which can not equal zero.2)Considering free surface wave effect produces a lot of sloshing modes of very low frequencies compared with the natural frequencies of the dry tank structure. Therefore, for dynamic response analysis with high frequency excitations, the free surface wave may be neglected. However, to assess loads caused by sloshing modes, the free surface waves have to be considered.3)There exist relative big deformations at the four tank support places in several vibration modes, which may produce a large local stress at support places to cause the product fail in vibration environment. A strengthen local design at the support places is needed.4)The dynamic response results are affected by damping coefficients of all modes used in the dynamic response analysis. The damping coefficients are approximately presented and therefore, the numerical results are good reference for practical designs.The report confirms that the original purpose of this joint research project has well completed by IHI and SES

Empirical properties of inter-cancellation durations in the Chinese stock market

Order cancellation process plays a crucial role in the dynamics of price formation in order-driven stock markets and is important in the construction and validation of computational finance models. Based on the order flow data of 18 liquid stocks traded on the Shenzhen Stock Exchange in 2003, we investigate the empirical statistical properties of inter-cancellation durations in units of events defined as the waiting times between two consecutive cancellations. The inter-cancellation durations for both buy and sell orders of all the stocks favor a $q$-exponential distribution when the maximum likelihood estimation method is adopted; In contrast, both cancelled buy orders of 6 stocks and cancelled sell orders of 3 stocks prefer Weibull distribution when the nonlinear least-square estimation is used. Applying detrended fluctuation analysis (DFA), centered detrending moving average (CDMA) and multifractal detrended fluctuation analysis (MF-DFA) methods, we unveil that the inter-cancellation duration time series process long memory and multifractal nature for both buy and sell cancellations of all the stocks. Our findings show that order cancellation processes exhibit long-range correlated bursty behaviors and are thus not Poissonian.Comment: 14 pages, 7 figures and 5 table