Bøger udgivet af World Scientific Publishing Company

This book provides a basic grounding in the use of probability to model random financial phenomena of uncertainty, and is targeted at an advanced undergraduate and graduate level. It should appeal to finance students looking for a firm theoretical guide to the deep end of derivatives and investments. Bankers and finance professionals in the fields of investments, derivatives, and risk management should also find the book useful in bringing probability and finance together. The book contains applications of both discrete time theory and continuous time mathematics, and is extensive in scope. Distribution theory, conditional probability, and conditional expectation are covered comprehensively, and applications to modeling state space securities under market equilibrium are made. Martingale is studied, leading to consideration of equivalent martingale measures, fundamental theorems of asset pricing, change of numeraire and discounting, risk-adjusted and forward-neutral measures, minimal and maximal prices of contingent claims, Markovian models, and the existence of martingale measures preserving the Markov property. Discrete stochastic calculus and multiperiod models leading to no-arbitrage pricing of contingent claims are also to be found in this book, as well as the theory of Markov Chains and appropriate applications in credit modeling. Measure-theoretic probability, moments, characteristic functions, inequalities, and central limit theorems are examined. The theory of risk aversion and utility, and ideas of risk premia are considered. Other application topics include optimal consumption and investment problems and interest rate theory.

This highly illustrated book provides an up-to-date description of the structure and function of the translation system including ribosomes, tRNAs, translation factors, antibiotics and aminoacyl-tRNA synthetases. Research on translation is undergoing rapid changes and is receiving significant attention as evidenced by the Nobel Prize in Chemistry 2009. The structural research by crystallography and cryo-EM forms part of an interactive framework that involves biochemistry and molecular computation. The book provides a comprehensive overview of translation in light of the structural results. It is a valuable resource for scientists in this and related fields, as well as for students taking courses with a focus on translation. There is no other book in this field currently except the previous edition of this book. The authors have for a long time worked in the field of structure and function of the translation system.

In his groundbreaking paper "Absence of diffusion in certain random lattices (1958)," Philip W. Anderson originated, described and developed the physical principles underlying the phenomenon of the localization of quantum objects due to disorder. Anderson's 1977 Nobel Prize citation featured that paper, which was fundamental for many subsequent developments in condensed matter theory and technical applications. After more than a half century, the subject continues to be of fundamental importance. In particular, in the last 25 years, the phenomenon of localization has proved to be crucial for the understanding of the Quantum Hall Effect, mesoscopic fluctuations in small conductors, some aspects of quantum chaotic behavior, and most recently the localization and collective modes of electromagnetic and matter waves. This unique and invaluable volume celebrates the five decades of the impact of Anderson Localization on modern physics. In addition to the historical perspective on its origin, the volume provides a comprehensive description of the experimental and theoretical aspects of Anderson localization, together with its application in various areas, which include disordered metals and the metal-insulator transition, mesoscopic physics, classical systems and light, strongly-correlated systems, and mathematical models. The volume is edited by E Abrahams, who, as a major contributor in the field of localization, has published several papers on the celebrated scaling theory of localization. A distinguished group of experts, each of whom has left his mark on the developments of this fascinating theory, contribute their personal insights in this volume. They are: P W Anderson (Nobel Laureate, 1977), G Bergmann (University of Southern California), M Bttiker (University of Geneva), J Cardy (Oxford University), S Chakravarty (University of California, Los Angeles), V Dobrosavljevic (Florida State University), R C Dynes (University of California, San Diego), K B Efetov (Ru

This manual provides solutions to the problems given in the second edition of the textbook entitled An Introduction to the Physics of Particle Accelerators. Simple-to-solve problems play a useful role as a first check of the student's level of knowledge whereas difficult problems will test the student's capacity of finding the bearing of the problems in an interdisciplinary environment. The solutions to several problems will require strong engagement of the student, not only in accelerator physics but also in more general physical subjects, such as the profound approach to classical mechanics (discussed in Chapter 3) and the subtleties of spin dynamics (Chapter 13).

Contemporary Surgical Management of Liver, Biliary Tract, and Pancreatic Diseases presents an excellent resource for surgical residents, hepatobiliary fellows and practicing surgeons interested in hepatobiliary surgery. This textbook offers a readable, concise and practical alternative. It is divided into three sections: liver, biliary tract, and pancreatic diseases. Each section covers the spectrum of benign and malignant disease. In addition, several chapters in each section are devoted to surgical techniques. This textbook should ultimately serve as an essential source for the rapidly evolving field of hepatobiliary surgery and its practitioners.

Statistical reasoning and modeling are of critical importance to modern biology. This textbook introduces fundamental concepts from probability and statistics which will pave the way for the student of biology to become a well-rounded scientist. No previous study of probability or statistics is assumed. Calculus topics are not used extensively in this book, though some integration and differentiation are expected. The calculus prerequisite is primarily intended to assure a certain level of mathematical maturity. This book puts emphasis on examples, which are presented to motivate the theory. The presentation style is concise and self-contained, briefly including the mathematical elements that are needed for studying probability and statistics. The examples are relevant to students in the life sciences with interests in genetics, biology, ecology, health, etc. We believe that aspects of probability theory are of biological interest and that probability underlies the theory of inferential statistics. Thus, we place an equal emphasis on probability and statistics which are both essential for solving and understanding many types of biological problems.

This book provides a comprehensive overview, in the form of eight long essays, of the evolution of monetary theory over the three-quarters of century, from the time of Keynes to the present day. The essays are originally based on lecture notes from a graduate course on Advanced Monetary Economics offered at York University, Toronto, written in the style of academic papers. The essays are mathematical in method but also take a historical perspective, tracing the evolution of monetary thought through the Keynesian model, the monetarist model, new classical model, etc, up to and including the neo-Wickesellian models of the early 21st century. The book will be an essential resource for both graduate and advanced undergraduate students in economics, as well as for individual researchers seeking basic information on the theoretical background of contemporary debates.

Handbook of Pediatric Surgical Patient Care focuses on the decision-making process in the overall management of the pediatric surgical patient and provides guidelines for diagnosis. The book covers topics ranging from a wide spectrum of neonatal conditions and surgical critical care to other childhood afflictions, pediatric cancer and the injured child. It also focuses on the current management of common childhood conditions including appendicitis, pyloric stenosis and hernias. Algorithms are employed in an effort to streamline surgical care. The purpose of this handbook is to provide a brief, easily accessible, rapid source of contemporary information to students, residents and practitioners caring for infants and children with surgical disorders.

This book provides an analysis of the existing, economic dynamics and factors contributing to entrepreneurship in China. Featuring contributions from prominent authors such as Zoltan Acs, and Jian Gao it first poses a theoretical question of whether entrepreneurship exists in China and, if so, the extent and form it takes. It also examines whether the nature of entrepreneurship in China differs elsewhere. Following this investigation, empirical tests and analyses focus on important issues such as: What is the special value of entrepreneurship in China? Does entrepreneurship in China drive economic growth like it does in other more market-oriented economies? What is entrepreneurship in China like? What is its history, nature, environment, and what are some of the underlying diversities or challenges it is facing? Assuming entrepreneurship in China is important to economic growth, how can public policy help to enhance the entrepreneurship milieu in China? Finally, based on the empirical findings and potential policy implications, future directions of investigation are suggested.

The use of the wind as an energy source is increasing and growing worldwide. Wind energy is an important non-fossil option to supplement fossil (coal, natural gas and oil) and nuclear fuels for the generation of electricity. Many parts of the world, particularly the coastlines of Western Europe, North Africa, North and South America, India, Eastern Russia, China, the Philippines, Australia and New Zealand, experience a high annual incidence of wind energy. The United Kingdom of Great Britain and Northern Ireland, together with the Republic of Ireland form a particularly windy location, being favoured with strong westerly winds. The technology of the design and installation of wind turbines and wind farms are, in fact, well established. Operational practice, though, is still being developed as engineers learn by experience. This book is written for electrical engineers concerned with the use of wind power for generating electricity. It incorporates some meteorological features of international wind supply plus a survey of the past and present wind turbines with technical assessment of the choice of turbine sites. Detailed coverage is given to the different types of electrical generator machines used and the electronic control devices employed in modern turbine systems. Importantly, this book devotes full chapters to the integration of wind farms into established electrical grid supply systems, and the environmental and economic aspects of wind generation. Engineers will be drawn to the practical approach in this book, featuring worked numerical examples complete with answers at the end of some chapters.

The history of science offers many examples of how the powers that we have protected and rewarded scientists like alchemists who claimed the ability to make gold. With the advent of the Science Academies in the 17th and 18th centuries, scientists were supported and encouraged with stipends and rewards. However, when Alfred Nobel in his will made the Royal Swedish Academy of Sciences the custodian of the Nobel Prizes in physics and chemistry, the evaluation of the candidates for the prizes sometimes led to strong differences of opinion within the Academy. This book deals with such a case Dmitri Mendeleev and his Periodic Law. Here, this book presents the deliberations of the Academy (and its sometimes rather confused Chemistry Nobel Committee) against the background of the scientific development preceding the discovery.

This book is exclusively written as an international finance textbook, providing a coherent introduction to the financial aspect of international economics. Utilizing the 1944 Bretton Woods Conference as a unifying theme, the book draws attention to the international financial system, and extends discussion on key topics such as foreign exchange markets, and the overall functioning of the open-economy macroeconomic system. The book also analyzes the 2008 international financial crisis and global recession, questions the need for another Bretton Woods Conference, and encourages critical thinking about the health of the current international financial system in promoting human well-being. This book will serve as a good reference source for people who are interested in key issues surrounding the international finance system and international economics.

Derivatives Algorithms provides a unique expert overview of the abstractions and coding methods which support real-world derivatives trading. Written by an industry professional with extensive experience in large-scale trading operations, it describes the fundamentals of library code structure, and innovative advanced solutions to thorny issues in implementation. For the reader already familiar with C++ and arbitrage-free pricing, the book offers an invaluable glimpse of how they combine on an industrial scale. Topics range from interface design through code generation to the protocols that support ever more complex trades and models.

The topics of anisotropy and bianisotropy are fundamental to electromagnetics from both theoretical and experimental perspectives. These properties underpin a host of complex and exotic electromagnetic phenomena in naturally occurring materials and in relativistic scenarios, as well as in artificially produced metamaterials. As a unique guide to this rapidly developing field, the book provides a unified presentation of key classic and recent results on the studies of constitutive relations, spacetime symmetries, planewave propagation, dyadic Green functions, and homogenization of composite materials. This book also offers an up-to-date extension to standard treatments of crystal optics with coverage on both linear and weakly nonlinear regimes.

Vietnam has actively organized the National Competition in Mathematics and since 1962, the Vietnamese Mathematical Olympiad (VMO). On the global stage, Vietnam has also competed in the International Mathematical Olympiad (IMO) since 1974 and constantly emerged as one of the top ten. To inspire and further challenge readers, we have gathered in this book selected problems of the VMO from 1962 to 2008. A number of Selection Test problems are also included to aid in the formation and training of a national team for IMO. The book is highly useful for high school students and teachers, coaches and instructors preparing for mathematical olympiads, as well as non-experts simply interested in having the edge over their opponents in mathematical competitions.

This heavily illustrated book collects in one source most of the mathematically simple systems of differential equations whose solutions are chaotic. It includes the historically important systems of van der Pol, Duffing, Ueda, Lorenz, R¿ssler, and many others, but it goes on to show that there are many other systems that are simpler and more elegant. Many of these systems have been only recently discovered and are not widely known. Most cases include plots of the attractor and calculations of the spectra of Lyapunov exponents. Some important cases include graphs showing the route to chaos. The book includes many cases not previously published as well as examples of simple electronic circuits that exhibit chaos.No existing book thus far focuses on mathematically elegant chaotic systems. This book should therefore be of interest to chaos researchers looking for simple systems to use in their studies, to instructors who want examples to teach and motivate students, and to students doing independent study.

This book presents the healthcare reform experiences of seven small- to mid-sized, but dynamic, economies spanning the Asia-Pacific, Latin America, the Middle East and Europe. Usually not given serious consideration in major international comparisons because of their insignificant size, each in fact provides a fascinating case study that illuminates the understanding of the dynamics of healthcare reform. Although dissimilar in historical and cultural backgrounds, they share some important features: all faced very similar pressures for change in the 1970s and 1980s; all considered a very similar range of policy options; and all did not only discuss but actually implemented fundamental changes in their healthcare funding, organization, contracting and governance structures with strikingly different outcomes. All of the authors have lived and worked in one or more of the countries studied in this volume. The analytic frameworks they use reflect their broad range of professional and disciplinary backgrounds in health economics and political science. Beyond mere descriptions of reform processes and superficial analyses based on aggregate data from the usual OECD or WHO sources, they seek to understand and explain the variations in country experiences by examining the politico-socio-economic factors driving health reform as seen through the respective country lenses. In coming together in this unique international collaboration, they make an important contribution to the growing field of international comparative health policy studies.

The European Union (EU) has now become the largest trade partner of China. While the Sino-US trade relations and particularly the high-profile trade disputes between the US and China get considerable academic attention for geopolitical reasons, very few researches have been done on the Sino-EU trade disputes that gradually loom large on the horizon. This book delves into the trade disputes between China and the EU and identifies the causes for trade disputes. It examines how the disputes will shape the China-EU trade relations, and offers a macro overview on how the issues can be resolved or at least how they should be managed. This timely book sheds light on the Sino-EU trade disputes thus putting it in global perspective and enriches the literature in this regard.

Random waves are the most important constituent of the sea environment, as they make the design of maritime structures quite different from that of structures on land. In this book, the concept of random waves for the design of breakwaters, seawalls, and harbor structures is fully explored for easy comprehension by practicing engineers. Theoretical aspects are also discussed in detail for further studies by graduate students and researchers.

This book focuses on spearheading the integration of maintainability, starting right from the design stage. To enable such integration, improving the knowledge of maintainability and setting maintainability benchmarks are two key issues. These objectives are fulfilled with the development of a comprehensive defect library, a material manual and a maintainability scoring system. These tools serve to define acceptable standards in design and construction practices, thus enhancing long-term maintainability of facilities. Maintainability of Facilities: For Building Professionals aims to improve the standard and quality of design, construction and maintenance practices to produce efficient facilities that require minimum maintenance. The text covers technical issues related to maintainability of major components of a facility, and discusses the implications and selection of materials for high maintainability. The target readers are practitioners and students in architecture, engineering, building, real estate, construction, project management, facilities management, quantity and building surveying.

Statistics links microscopic and macroscopic phenomena, and requires for this reason a large number of microscopic elements like atoms. The results are values of maximum probability or of averaging. This introduction to statistical physics concentrates on the basic principles, and attempts to explain these in simple terms supplemented by numerous examples. The basic principles concentrated on are the difference between classical and quantum statistics, the a priori probabilities as related to degeneracies, the vital aspect of indistinguishability as compared with distinguishability in classical physics, the differences between conserved and nonconserved elements (the latter including photons and phonons), the different ways of counting arrangements in the three statistics (MaxwellBoltzmann, FermiDirac, BoseEinstein), the difference between maximization of the number of arrangements of elements in these and averaging in the DarwinFowler method. Significant applications to solids, radiation and to electrons in metals are treated in separate chapters. Finally the BoseEinstein distribution is rederived under condensation conditions. Each chapter concludes with examples and exercises.

Contrary to conventional clinical skill textbooks written in a routine, system based approach, Clinical Examination: A Problem Based Approach breaks that mould by presenting clinical cases in a problem solving manner. The book is composed of in-depth dissections of case scenarios, and their appropriate investigations. Written by experts from Australia, New Zealand, US and the UK, this book brings an international perspective to a wide variety of specialties, including gastroenterology, neurology, rheumatology, respiratory and the cardiovascular system. This publication is a must-have for all medical undergraduates and postgraduates.

Beaches in Japan have been eroding since the 1970s as a result of the artificial land alterations. Approximately 3000 fishing ports and 1000 commercial ports have been built nationwide, as well as 2532 large dams being constructed in the upstream basins of large rivers. Due to the port and dam developments, fluvial sand supply has significantly reduced resulting in shoreline recession around the river mouths. Continuous sand supply along the coastline has also been obstructed by the port breakwaters. The formation of wave shelter zone by the port breakwaters induce longshore sand transport, thereby leading to an accretion of large amount of sand in the wave shelter zone and erosion in the surrounding area. Thus, almost all causes of the beach erosion in Japan are due to anthropogenic factors. The exact situation of the beach erosion has never been clear in literatures that are written in Japanese, or in English. Coastal engineers can and should learn from these results, otherwise the same situation and problems, which were induced by excessive coastal development without protection measures and due attention given to nearby coasts, will recur throughout the world. Textbooks on coastal engineering, that were already published, describe only the theoretical fundamentals of the subject, but lack the practical perspectives and field studies. The book examines many coastal areas as examples, highlighting the various erosion factors which should be avoided elsewhere globally. This book was first published in Japanese in 2004, and was translated into English by the present author.

Primordial Cosmology deals with one of the most puzzling and fascinating topics debated in modern physics the nature of the Big Bang singularity. The authors provide a self-consistent and complete treatment of the very early Universe dynamics, passing through a concise discussion of the Standard Cosmological Model, a precise characterization of the role played by the theory of inflation, up to a detailed analysis of the anisotropic and inhomogeneous cosmological models. The most peculiar feature of this book is its uniqueness in treating advanced topics of quantum cosmology with a well-traced link to more canonical and pedagogical notions of fundamental cosmology. This book traces clearly the backward temporal evolution of the Universe, starting with the RobertsonWalker geometry and ending with the recent results of loop quantum cosmology in view of the Big Bounce. The reader is accompanied in this journey by an initial technical presentation which, thanks to the fundamental tools given earlier in the book, never seems heavy or obscure.

This manual provides practical and accessible information on all aspects of general nephrology, dialysis, and transplantation. It outlines current therapies in straightforward language to help readers understand the treatment rationale, and does not assume extensive knowledge of anatomy, biochemistry, or pathophysiology. Consisting of 33 chapters written by 31 experts from four continents, this volume covers all the practical tips in the emergency and long-term management of patients with electrolyte disturbance, acid-base disturbance, acute renal failure, common glomerular diseases, hypertension, pregnancy-related renal disorders, chronic renal failure, and renal replacement therapy. It is thus an essential source of quick reference for nephrologists, internists, renal fellows, and renal nursing specialists, and is also suitable for graduate students and research scientists in the field of kidney diseases.

Our world is constantly changing, governed by continuity, dynamic interactions and boundary conditions. For many coasts, the common denominators contributing to these changes are sand, waves, tides, salt gradients, and human interaction, all themes that are treated in this valuable textbook.Confining itself to essentials, the coverage reflects centuries of theoretical and practical knowledge of Dutch coastal engineers. Focussing, where applicable, on linear theory, the book shows how the essentials of local coastal behavior can be reproduced and predicted.

This book is an introductory treatment to coastal and estuarine processes for earth scientists or engineers. Suitable for a first course on the subject, it covers water waves, surf zone hydrodynamics, tides in oceans and estuaries, storm surges, estuarine mixing, basic sediment transport, coastal morphodynamics and coastal groundwater dynamics. The book contains a substantial amount of new material. For example, the explicit, analytical treatment of transient, forced long waves strongly enhances the discussion on tsunami, storm surges and surf beat. The treatment of turbulent mixing includes finite mixing length effects, which provide an explanation for differential diffusion of different sediment sizes in suspension. The recently discovered effects of acceleration skewness and boundary layer streaming are also included in the basic sediment transport models. In addition, the treatment of beach groundwater dynamics: The mechanisms by which waves as well as tides drive groundwater motion, builds the link between the previously unconnected fields of coastal hydraulics and regional groundwater modeling. To serve as an effective reference book for professionals, the book is fully indexed and comprehensively cross referenced.