An alternative viewpoint on energy options

An Alternative Viewpoint on the (Cross–)Layering in Wireless Networks

The capacity of a communication network depends on the mode in which the network is operated. The operational mode is determined by the network protocols, which are in turn built within a layered architecture. In the recent years there has been an abundance of efforts to optimize the protocols in the wireless networks through a cross–layer design, which is an approach that goes beyond the appli...

Cervical Cancer Screening–An Alternative Viewpoint

In 1968 Wilson and Jungner outlined the criteria which need to be satisfied before the implementation of any mass screening programme1. It is questionable whether cervical screening passes this set of tests2. Nevertheless the pressure from the media to "Take the Screen Test3" is enormous and cervical screening is an integral part of the Government's vision of medical practice4. This article ask...

Nuclear and Alternative Energy Supply Options for an Environmentally Constrained World A Long-Term Perspective

Options on Energy Portfolios in an HJM Framework

This paper implements a pricing procedure for commodity options, taking into account the stochastic nature of spot prices, currency exchange rates and convenience yields. Interest rate risk is also mentioned, but is not included in the numerical implementation. The analytic framework is heavily inspired by Miltersen&Schwartz(1998); however, while they allow the interest rate to be stochastic th...

Cartelized Oil Market with Alternative Energy Supply

This paper presents an oil price cartel model. The aggregate reaction functions for non-cartel producers and for substitute suppliers are included. The former group acts as a price-taker, while the latter expects oil prices in production of its non-oil energy resources. This expectation about prices affects a cartel’s oil demand and, thus, gives intertemporal price elasticities It turns out tha...