We focus on two particular aspects of model risk: the inability of a chosen model to fit observed market prices at a given point in time (calibration error) and the model risk due to the recalibration of model parameters (in contradiction to the model assumptions). In this context, we use...

Background: Planning for a possible influenza pandemic is an extremely high priority, as social and economic effects of an unmitigated pandemic would be devastating. Mathematical models can be used to explore different scenarios and provide insight into potential costs, benefits, and...

The high temperature deformation behavior of a X30CrMoN15-1 high-nitrogen stainless steel (HNSS) has been investigated using uniaxial compression test in the temperature range of 850–1250 °C and strain rate of 0.001–10 [[EQUATION]] . An Arrhenius-based hyperbolic sine equation was used to...