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  • 1
    Electronic Resource
    Electronic Resource
    Springer
    Review of derivatives research 4 (2000), S. 155-188 
    ISSN: 1573-7144
    Keywords: contingent pricing ; option pricing ; option bounds ; arbitrage ; linear programming
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract Optionbounds are determined by state discount factors limited by pricesof a riskless bond and the underlying asset. Usually the assethas at least two market-traded options for each maturity, furtherlimiting the factors. Tighter bounds result from incorporatingthe prices of all existing options of the same maturity. Thetightened bounds are particularly applicable to appraising theconsistency of all options trading on a single underlying security,notably index options. Constructed examples indicate a potentialimprovement of eighty percent in bound width; index data revealsa lower reduction, but extensive arbitrage opportunities fromviolations of the tighter bounds.
    Type of Medium: Electronic Resource
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  • 2
    Electronic Resource
    Electronic Resource
    Hoboken, NJ : Wiley-Blackwell
    AIChE Journal 35 (1989), S. 1592-1601 
    ISSN: 0001-1541
    Keywords: Chemistry ; Chemical Engineering
    Source: Wiley InterScience Backfile Collection 1832-2000
    Topics: Chemistry and Pharmacology , Process Engineering, Biotechnology, Nutrition Technology
    Notes: Various strategies for sequencing heterogeneous azeotropic distillations have been explored. The design and optimization of these systems by simulation-based methods is generally acknowledged to be a very difficult problem (Kingsley and Lucia, 1988). In this article, a simple and accurate design and optimization procedure has been developed. The method does not involve any recycle convergence loops and has been applied successfully to several test problems. Unlike the simulation-based methods, our method is robust to changes in the system optimization variables (e.g., reflux ratio in the azeotropic column).In order to demonstrate the method, we present design and optimization results for the dehydration of ethanol using a benzene entrainer. Our optimal designs consume significantly less energy than state-of-the-art designs reported in the literature.
    Additional Material: 16 Ill.
    Type of Medium: Electronic Resource
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  • 3
    Electronic Resource
    Electronic Resource
    Hoboken, NJ : Wiley-Blackwell
    AIChE Journal 35 (1989), S. 1585-1591 
    ISSN: 0001-1541
    Keywords: Chemistry ; Chemical Engineering
    Source: Wiley InterScience Backfile Collection 1832-2000
    Topics: Chemistry and Pharmacology , Process Engineering, Biotechnology, Nutrition Technology
    Notes: A simple design technique for heterogeneous distillation columns has been developed. The underlying geometric conditions which govern minimum reflux are shown to share certain common features with homogeneous distillations, but differ in some important respects. It is shown that heterogeneous columns display some unusual sensitivities to the design parameters. The most notable being the drastic swings in the composition and temperature profiles with very small changes in the level of trace impurities in the product stream.
    Additional Material: 12 Ill.
    Type of Medium: Electronic Resource
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