Individual Parametric Insurance Product Design

This report presents a design of a parametric insurance product for individual consumers in two neighboring countries Ambernϊa and Palȍmϊnϊa. Unlike traditional insurance, this product issues a predetermined payout to a policyholder when a pre-agreed event has been triggered. By conducting analyses on given health data in the countries, we first projected individual losses and calculated premiums according to gender, age and risk factor information. Then we defined triggering events and modeled the payout scheme for our product. Comprehensive strategies are also provided for marketing and risk mitigation

Pricing Decision of Closed-Loop Supply Chain to Improve Service Level under Patent Protection

This paper constructs a two-level closed-loop supply chain system consisting of original parts manufacturers and parts distributors. Based on the different preferences of consumers for remanufactured parts and new parts, four combination models of patent protection and service improvement are constructed. Through comparative analysis, the impact of implementing patent protection policies by original parts manufacturers and improving service levels by parts distributors on the pricing decisions of the closed-loop supply chain is explored.Through the comparison between related models and the verification of calculation examples, it is found that (1) a manufacturer prevents the price of new products from being affected by the price of remanufactured products and upgrading of service level by introducing royalties, which reduces its loss of profit; (2) in the absence of patent protection, the manufacturerꞌs profit decreases as the level of service increases; in the presence of patent protection, the manufacturerꞌs profit increases as the level of service increases; (3) retailersꞌ profits decrease after the manufacturer introduces royalties, which discourages them to improve service levels for remanufactured products; (4) as retailers raise the service level of the remanufactured products, the profits of the manufacturer and third-party manufacturers keep increasing, while the profits of the retailers first increase and then decrease

Influence of composition, bonding characteristics and microstructure on the electrochemical and optical stability of AlOxNy thin films

Thin films of AlOxNy were deposited by magnetron sputtering in a wide composition range. Different structures and morphologies were observed, depending on the composition and bonding states, which opened the possibility to tailor the properties of this oxynitride system between those of pure Al and those of nitride and oxide films. In a wide range of stoichiometries, one can report the formation of nanocomposite porous films, where Al nanoparticles are dispersed in an amorphous matrix of AlOxNy. The electrochemical behaviour of the films was studied in isotonic NaCl solution. It was observed that the pitting 2 potential characteristic of aluminium disappears with the incorporation of oxygen and nitrogen in the films, being replaced by a smooth current increase. Electrochemical impedance spectroscopy performed during 35 days showed that the corrosion resistance of the films steadily increases. The unusual optical reflectance profile of some films is maintained after immersion for several months.Fundação para a Ciência e a TecnologiaPrograma Pessoa 2010/2011, Cooperação Portugal/França, Proc.º 441.00, Project“COLOURCLUSTER”

New insight into the soot nanoparticles in a candle flame

Using anodic aluminium oxide films as collectors, all four well known carbon forms, diamond, graphitic, fullerenic and amorphous particles, are identified inside a candle flame, suggesting a new nucleation mechanism for diamond growth and fullerene formation in a combustion synthesizing process.</p

Modes of Occurrence of Fluorine by Extraction and SEM Method in a Coal-Fired Power Plant from Inner Mongolia, China

In this study, an extraction method and environmental scanning electron microscopy (SEM) are employed to reveal the changes in the occurrence mode of fluorine in a coal-fired power plant in Inner Mongolia, China. The different occurrence states of fluorine during coal combustion and emission show that fluorine in coal mainly assumes insoluble inorganic mineral forms. The results illustrate that the three typical occurrence modes in coal are CaF2, MgF2 and AlF3. The fluorine in fly ash can be captured by an electrostatic precipitator (EPS) or a bag filter. In contrast, the gaseous fluorine content in flue gas is only in the range of several parts per million; thus, it cannot be used in this study. The occurrence mode of fluorine in bottom ash and slag is inorganic villiaumite (e.g., soluble NaF, KF and insoluble CaF2) which is difficult to break down even at high temperatures. The occurrence mode of fluorine with the highest content in fly ash is physically adsorbed fluorine along the direction of the flue gas flow. The insoluble inorganic mineral fluoride content in fly ash is also high, but the gradually increasing fluorine content in fly ash is mainly caused by physical adsorption. Fluorine in the coal-fired power plant discharges mostly as solid products; however, very little fluorine emitted into the environment as gas products (HF, SiF4) cannot be captured. The parameters used in this study may provide useful references in developing a monitoring and control system for fluorine in coal-fired power plants

CFD Optimization Process of a Lateral Inlet/Outlet Diffusion Part of a Pumped Hydroelectric Storage Based on Optimal Surrogate Models

The lateral inlet/outlet plays a critical role in the connecting tunnels of a water delivery system in a pumped hydroelectric storage (PHES). Therefore, the shape of the inlet/outlet was improved through computational fluid dynamics (CFD) optimization based on optimal surrogate models. The CFD method applied in this paper was validated by a physical experiment that was carefully designed to meet bidirectional flow requirements. To determine a good compromise between the generation and pump mode, reasonable weights were defined to better evaluate the overall performance. In order to find suitable surrogate models to improve the optimization process, the best suited surrogate models were identified by an optimal model selection method. The optimal configurations of the surrogate model for the head loss and the velocity distribution coefficient were the Kriging model with a Gaussian kernel and the Kriging model with an Exponential kernel, respectively. Finally, a multi-objective surrogate-based optimization method was used to determine the optimum design. The overall head loss coefficient and velocity distribution coefficients were 0.248 and 1.416. Compared with the original shape, the coefficients decrease by 6.42% and 40.28%, respectively. The methods and findings of this work may provide practical guidelines for designers and researchers

Directly Imaging Interstitial Oxygen in Silicate Apatite

Oxygen interstitial defects in silicate apatite have been imaged directly using high-resolution transmission electron microscopy. The accommodation of interstitial oxygen anions in the host lattice network gives rise to larger defective areas than a single oxygen atom, which enables imaging of the extended defect. A new model is proposed to account for excess oxygen and its solubility in apatite that is consistent with neutron diffraction data. <br/

Formation of anodic TiO₂ nanotube arrays with bimodal pore size distribution

It is revealed that TiO2 nanotube arrays fabricated by anodization of the widely used polycrystalline hexagonal Ti foils have a bimodal pore size distribution rather than the commonly believed monomodal distribution manner. As characterized by X-ray diffraction (XRD), scanning electron microscopy (SEM) and transmission electron microscopy (TEM), it is shown that nanotubes grown on the Ti (0001) plane have thinner barrier thickness, smaller pore size, shorter tube length and better crystallinity than those grown on other planes, due to the enhanced electron transfer reaction and lower oxide formation efficiency on the Ti (0001) plane. When (0001) oriented Ti thin films deposited by RF magnetron sputtering are anodized, the pore sizes of the grown anodic TiO2 nanotubes distribute monomodally and are close to the smaller pore size of the bimodally distributed TiO2 nanotubes grown on polycrystalline Ti foils under the same conditions. (c) 2013 Elsevier B.V. All rights reserved.</p