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简介:Inthefinancemarket,riskhappenedintwopattern.Inonecase,extremevolatilitytogetherwithashortbalancetimeleadstoagreatpanictothemarket.Onthecontrary,ifthevolatilityissmaller,thetimeperiodwillusuallybelonger.Itwillbringmanyinfectionstovariousrelatedfields,whichcauseswiderrangeinfluencestotheeconomy.Bothcaseshurtfinancialmarketandtheeconomyitselfdeeply.Inthispaper,wedevelopedanovelmarketregulationmethodinwhichtheconflictoffluctuationtimeandvolatilitywillbebalanced.Itdescribesawaytocomputeaportfolioofrelativelyshorttimeperiodtogetherwithsmallerfluctuationvolatilitybyusingageneralpredictionalgorithmbasedonovershootincybernetics.Itcanalsogiveexplanationtocounter-cyclicalsupervisiontheoryandmacro-prudentialregulation.Furthermore,itcanprovidenumericaloperationguideforcountercyclicalsupervisiontheoryandmacro-prudentialregulation.
简介:THEPERSPECTIVEOFSICHUANEXPANDINGMARKETINSOUTHASIA一ANFORWARDANALYSISChenJidongSouthAsiaisacloseneighborofSichuanprovince,andth...
简介:5.PricesoflanthanumandceriumproductsdecreasedgraduallyafterreachingthehighPricesoflanthanumandceriumproductsroserapidlywithholisticpricesoaringinrareearthmarketduring2011.However,affectedbythesluggishdemandfrominternationalcrudeoil,petroleumcrackingcatalysts,glass,specialmaterialsandbatteryindustries,thepricedroppedgraduallyafterithitthehighestlevel.Thehighestpriceoflanthanum
简介:Binomialno-arbitragepricehaveamethodisthetraditionalapproachforderivativepricing,whichis,thecompletemodel,whichmakespossibletheperfectreplicationinthemarket.Riskneutralpricingisanappropriatemethodofassetpricinginacompletemarket.Wehavediscussedanincompletemarket,anon-transactionassetthatproducesincompletenessofthemarket.Aneffectivemethodofassetpricinginincompletemarketsistheundifferentiatedpricingmethod.ThistechniquewasfirstlyintroducedbyBernoulliin(1738)thesenseofgambling,lotteryandtheirexpectedreturn.Itisusedtocommandinvestors'preferencesandbetterreturnstheresultstheyexpect.Inaddition,wealsodiscusstheutilityfunction,whichisthecoreelementoftheundifferentiatedpricing.Wealsostudiedsomeimportantbehaviorpreferencesofagents,andinjectedexponentialeffectofriskaversioninthemodel,sothatthemodelwasnonlinearintheprocessofclaimsettlement.
简介:Theyearl999wasundoubtedlyunforgettableforChina’smobilephonepioneers.Withhelpfromtherelevantdepartments.theycouldstandoutconspicuouslyinthefieldofhi-tech1mobiletelecom.However,itisanunavoidableandcruelfactthatover80%ofthemobilephonemarketinChinahasbee...
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简介:Inthepowermarketenvironment,duetotheuncertaintyofthereservoirinflowandthepoolpurchaseprice,itisveryimportanttoresearchpowergenerationriskdispatchofhydropowerplants,takingintoconsiderationthebenefitsandriskcontrolofbothsides.Thispaperinvestigatespowergenerationriskdispatchofhydropowerplantsinthemarketenvironment,andproposesamathematicalmodelwhichconsidersmaximizationofbenefitsandriskcontrol,reflectscontrolwillingnessofriskandbenefits,...