Publications associées à Discounted cash flow

Discount models

Discount is the difference between the face value of a bond and its present value. We propose an arbitrage-free dynamic framework for discount models, which provides an alternative to the Heath-Jarrow-Morton framework for forward rates. We derive general c ...

Springer Heidelberg2023

Quantification of the Phenomena Affecting Reflective Arterial Photoplethysmography

Nikolaos Stergiopoulos, Georgios Rovas, Vasiliki Bikia

Photoplethysmography (PPG) is a widely emerging method to assess vascular health in humans. The origins of the signal of reflective PPG on peripheral arteries have not been thoroughly investigated. We aimed to identify and quantify the optical and biomecha ...

MDPI2023

International Portfolio Choice with Frictions: Evidence from Mutual Funds

Simon Tièche

Using data on international equity portfolio allocations by U.S. mutual funds, we estimate a portfolio expression derived from a standard mean-variance portfolio model extended with portfolio frictions. The optimal portfolio depends on the previous month a ...

OXFORD UNIV PRESS INC2023

Short-term runoff forecasting in an alpine catchment with a long short-term memory neural network

Devis Tuia, Marc Conrad Russwurm, Corinna Barbara Frank

The governing hydrological processes are expected to shift under climate change in the alpine regions of Switzerland. This raises the need for more adaptive and accurate methods to estimate river flow. In high-altitude catchments influenced by snow and gla ...

2023

Online appendix to: Debt dynamics with fixed issuance costs

Julien Hugonnier

We investigate equilibrium debt dynamics for a firm that cannot commit to a future debt policy and is subject to a fixed restructuring cost. We formally characterize equilibria when the firm is not required to repurchase outstanding debt prior to issuing a ...

2022

Shannon Bounds on Lossy Gray-Wyner Networks

Michael Christoph Gastpar, Erixhen Sula

The Gray-Wyner network subject to a fidelity criterion is studied. Upper and lower bounds for the trade-offs between the private sum-rate and the common rate are obtained for arbitrary sources subject to mean-squared error distortion. The bounds meet exact ...

2022

Technical and economic feasibility study of high-current HTS bus bars for fusion reactors

Kamil Sedlák, Rainer Wesche, Roberto Guarino

In this study, we present a technical and economic assessment of high-current HTS bus bars for primary use in fusion reactors. Our objective is to verify the technical feasibility of such conductors and, for this purpose, we carry out a conceptual design o ...

Elsevier2022

A (2+epsilon)-Approximation Algorithm for Preemptive Weighted Flow Time on a Single Machine

Lars Rohwedder

Weighted flow time is a fundamental and very well-studied objective function in scheduling. In this paper, we study the setting of a single machine with preemptions. ...

ASSOC COMPUTING MACHINERY2021

A conveyor belt experimental setup to study the internal dynamics of granular avalanches

Christophe Ancey, Tomás Alfredo Trewhela Palacios

This paper shows how a conveyor belt setup can be used to study the dynamics of stationary granular flows. To visualise the flow within the granular bulk and, in particular, determine its composition and the velocity field, we used the refractive index mat ...

SPRINGER2021

Planning Supply with 'Opportunity Goods' : Complementing Premium Parts with Select Discount Components

Thomas Alois Weber

In this paper, we introduce the notion of an "opportunity good" as a discount production input that may prove of satisfactory quality upon inspection and otherwise can be returned to the supplier. While in a quality-sensitive setting it is never optimal to ...

2020