We generalize the notion of an MV-algebra in the context of residuated lattices to include noncommutative and unbounded structures. We investigate a number of their properties and prove that they can be obtained from lattice-ordered groups via a truncation construction that generalizes the Chang–Mundici Γ functor. This correspondence extends to a categorical equivalence that generalizes the one...

In his classical paper 1 , Chang invented the notion of MV-algebra in order to provide an algebraic proof of the completeness theorem of infinite valued Lukasiewicz propositional calculus. Recently, the algebraic theory of MV-algebras is intensively studied, see 2–5 . The notion of derivation, introduced from the analytic theory, is helpful to the research of structure and property in algebraic...

s of Invited Speakers 1

MV-pairs and states – p. 1/2

The efficient market hypothesis (EMH) is tested in the case of the Athens Stock Exchange (ASE) after the introduction of the euro. The underlying assumption is that stock prices would be more transparent; their performance easier to compare; the exchange rate risk eliminated and as a result we expect the new currency to strengthen argument in favour of the EMH. The General ASE Composite Index a...

In this article we present an approach that enables joint wind speed and wind power forecasts for a wind park. We combine a multivariate seasonal time varying threshold autoregressive moving average (TVARMA) model with a power threshold generalized autoregressive conditional heteroscedastic (power-TGARCH) model. The modeling framework incorporates diurnal and annual periodicity modeling by peri...

When using trees to price options, the standard practice is to increase the number of partitions per day, n, to improve accuracy. But increasing n incurs computational overhead. In fact, raising n makes the popular Ritchken-Trevor tree under non-linear GARCH (NGARCH) grow exponentially when n exceeds a typically small threshold. Worse, when this happens, the tree cannot grow beyond a certain ma...