Motivated by the empirical evidence of long range dependence in short-term interest rates and considering the long maturities of equity warrants, we propose the fractional Vasicek model to describe the dynamics of the short rate in the pricing environment of equity warrants. Using the partial...

Recently, microblogs have emerged as a new open channel of communication for people on the Internet to read, commentate, socialize and so on. With the advent of a huge number of information in microblog spaces, including articles, profile, pictures and other multimedia resources, the...

In 2006, Peng introduced a new kind of nonlinear expectation--G-expectation (see Peng, 2006). And he also established a theory of stochastic calculus under the G-expectation (see [4], [5] and [7]). In this paper, we will prove a nonlinear Dynkin's formula when the generator of a G-Itô's...

Power plants, such as wind farms, that harvest renewable energy are increasing their share of the energy portfolio in several countries, including the United Kingdom. Their inability to match demand power profiles is stimulating an increasing need for large ESP (Energy Storage Plants), capable...

The so-called ‘nuclear renaissance’ in Europe is promulgated by the execution of two large engineering projects involving the construction of two European Pressurized Reactors (EPRs) in Flamanville, France and Olkiluoto in Finland. As both projects have faced budget overruns and delays, this...

Despite the growing interest in Small Medium sized Power Plants (SMPP) international literature provides only studies related to portfolios of large plants in infinite markets/grids with no particular attention given to base load SMPP. This paper aims to fill this gap, investigating the...

Nations or regions with limited electrical grid and restricted financial resources are a suitable market for small medium power plants with a size of 300-400 MWe. The literature presents several comparisons about the economics of large power plants (of about 1000 MWe); however there are...

Generation IV nuclear power plants (GEN IV NPPs) are supposed to become, in many countries, an important source of base load power in the middle–long term (2030–2050). Nowadays there are many designs of these NPPs but for political, strategic and economic reasons only few of them will be...

Load following is the potential for a power plant to adjust its power output as demand and price for electricity fluctuates throughout the day. In nuclear power plants, this is done by inserting control rods into the reactor pressure vessel. This operation is very inefficient as nuclear power...