Trajan's BridgeTrajan's Bridge (Podul lui Traian; Трајанов мост), also called Bridge of Apollodorus over the Danube, was a Roman segmental arch bridge, the first bridge to be built over the lower Danube and one of the greatest achievements in Roman architecture. Though it was only functional for 165 years, it is often considered to have been the longest arch bridge in both total and span length for more than 1,000 years. The bridge was constructed in 105 AD by instruction of Emperor Trajan by architect Apollodorus of Damascus, from Damascus, Roman Syria, before his Second Dacian War to allow Roman troops to cross the river.
Pointed archA pointed arch, ogival arch, or Gothic arch is an arch with a pointed crown, whose two curving sides meet at a relatively sharp angle at the top of the arch. This architectural element was particularly important in Gothic architecture. The earliest use of a pointed arch dates back to bronze-age Nippur. As a structural feature, it was first used in eastern Christian architecture, Byzantine architecture and Sasanian architecture, but in the 12th century it began to be used in France and England as an important structural element, in combination with other elements, such as the rib vault and later the flying buttress.
Risk premiumA risk premium is a measure of excess return that is required by an individual to compensate being subjected to an increased level of risk. It is used widely in finance and economics, the general definition being the expected risky return less the risk-free return, as demonstrated by the formula below. Where is the risky expected rate of return and is the risk-free return. The inputs for each of these variables and the ultimate interpretation of the risk premium value differs depending on the application as explained in the following sections.
Parabolic archA parabolic arch is an arch in the shape of a parabola. In structures, their curve represents an efficient method of load, and so can be found in bridges and in architecture in a variety of forms. While a parabolic arch may resemble a catenary arch, a parabola is a quadratic function while a catenary is the hyperbolic cosine, cosh(x), a sum of two exponential functions. One parabola is f(x) = x2 + 3x − 1, and hyperbolic cosine is cosh(x) = ex + e−x/2. The curves are unrelated.
Credit riskCredit risk is the possibility of losing a lender holds due to a risk of default on a debt that may arise from a borrower failing to make required payments. In the first resort, the risk is that of the lender and includes lost principal and interest, disruption to cash flows, and increased collection costs. The loss may be complete or partial. In an efficient market, higher levels of credit risk will be associated with higher borrowing costs.
Failure rateFailure rate is the frequency with which an engineered system or component fails, expressed in failures per unit of time. It is usually denoted by the Greek letter λ (lambda) and is often used in reliability engineering. The failure rate of a system usually depends on time, with the rate varying over the life cycle of the system. For example, an automobile's failure rate in its fifth year of service may be many times greater than its failure rate during its first year of service.
Design lifeThe design life of a component or product is the period of time during which the item is expected by its designers to work within its specified parameters; in other words, the life expectancy of the item. It is not always the actual length of time between placement into service of a single item and that item's onset of wearout. Another use of the term design life deals with consumer products. Many products employ design life as one factor of their differentiation from competing products and components.
ProbabilityProbability is the branch of mathematics concerning numerical descriptions of how likely an event is to occur, or how likely it is that a proposition is true. The probability of an event is a number between 0 and 1, where, roughly speaking, 0 indicates impossibility of the event and 1 indicates certainty. The higher the probability of an event, the more likely it is that the event will occur. A simple example is the tossing of a fair (unbiased) coin.
Business performance managementBusiness performance management (BPM), also known as corporate performance management (CPM) enterprise performance management (EPM), organizational performance management, or simply performance management are a set of management and analytic processes that ensure activities and outputs meet an organization's goals in an effective and efficient manner. Business performance management is contained within approaches to business process management.
Performance indicatorA performance indicator or key performance indicator (KPI) is a type of performance measurement. KPIs evaluate the success of an organization or of a particular activity (such as projects, programs, products and other initiatives) in which it engages. KPIs provide a focus for strategic and operational improvement, create an analytical basis for decision making and help focus attention on what matters most. Often success is simply the repeated, periodic achievement of some levels of operational goal (e.g.
