Recent years have seen the introduction of a new class of derivative securities based on "exotic underlyings" such as natural catastrophes and weather. This paper analyzes the pros and cons of these new securities as assets for institutional investors. It is argued that the underlyings on which these derivatives trade have very low correlations with other factors that move the investment market...

Studies on human thermal comfort in urban areas typically quantify and assess the influence of the atmospheric parameters studying the values and their patterns of the selected index or parameter. In this paper, the interpretation tools are the first derivative of the selected parameters (∆Parameter/∆t) and the violin plots. Using these tools, the effect of sites' configuration on thermal condi...

Background: The role of temperature changes, as an environmental risk factor, in the human health status has been investigated in recent studies. Accordingly, the present two-year study was conducted to evaluate the incidence of myocardial infarction (MI) in warm and cold seasons in Ali-ibn Abi Talib Hospital, Rafsanjan, Iran. Materials and Methods: In this descriptive and cross-sectional st...

In this paper, firstly, in $E_1^3$, we defined normal Fermi-Walker derivative and applied for the adapted frame. Normal Fermi-Walker parallelism, normal non-rotating frame, and Darboux vector expressions of normal Fermi-Walker derivative by normal Fermi-Walker derivative are given for adapted frame. Being conditions of normal Fermi-Walker derivative and normal non-rotating frame are examined fo...

Operating in energy and commodity markets require a management of risk using derivative products such as forward futures, well options on these. Many the popular stochastic models for spot dynamics weather variables developed from empirical studies belong to class polynomial jump diffusion processes. We derive tailor-made framework efficient approximation main derivatives encountered markets, e...

We prove in the general setting of lower semicontinuous functions on Banach spaces the relation between the Rockafellar directional derivative and the mixed lower limit of the lower Dini derivatives. As a byproduct we derive the famous inclusions of tangent cones of closed sets in Banach spaces. The results are established using as principal tool multidirectional mean value inequalities [Aussel...

We define the notions of unilateral metric derivatives and “metric derived numbers” in analogy with Dini derivatives (also referred to as “derived numbers”) and establish their basic properties. We also prove that the set of points where a path with values in a metric space with continuous metric derivative is not “metrically differentiable” (in a certain strong sense) is σsymmetrically porous ...

Predictor-corrector (PC) methods for the numerical solution of stiff ODEs can be extended to include the second derivative of the solution. In this paper, we consider second derivative PC methods with the three-step second derivative Adams-Bashforth as predictor and two-step second derivative Adams-Moulton as corrector which both methods have order six. Implementation of the proposed PC method ...

Habitual physical activity is an important determinant of health, yet many people are considered to be inactive. Identification of the obstacles to greater participation is necessary for the development of strategies to overcome those obstacles. The weather has been identified as a perceived barrier to participation in physical activity, but exactly which adverse weather conditions are most imp...