The value of options for time charterparty extension: an artificial neural networks (ANN) approach

The most frequently associated options in the physical shipping market are options to extend the charter period on time charters and additional shipment options on contracts of affreightment. The value of freight options, in practice, is estimated mostly by referring to forward curves. An option on freight has different properties from its financial counterparts, and the straightforward adoption of theoretical models does not produce promising results. In this paper, extension options, which have the property of options on futures, were transformed into regular European options before the application of the Black-Scholes model (BSM). The efficient market hypothesis, which justifies the parity of the performance of a long-term charter to that of repetitive short-term charters, worked as the basis for the transformation. The option values determined by the BSM were compared with actual realized values. Additionally, the artificial neural networks (ANN) was employed to derive the option values. This study is meaningful as the first-time application of both the closed-form solution and the ANN to the valuation of physical freight options. The research results can contribute to the quality of chartering decisions. The results could also be used in quantifying credit risk, as extension options tend to be granted to charterers with more creditability.     

Probabilistic multi-aircraft conflict detection approach for trajectory-based operation

Conflict detection (CD) is one of the key functions used to ensure air transport safety and efficiency. In trajectory-based operation (TBO), aircraft are provided with more flexibility in en route trajectory planning and more responsibility for self-separation. The high flexibility in trajectory planning enables random changes in pilot intent, thus increasing the uncertainty in trajectory prediction and CD. This study proposes a novel probabilistic CD approach for TBO in which the uncertainty of pilot intent is taken into account by quantifying the aircraft reachable domain constrained by the flight plan. First, a probabilistic model for aircraft trajectory prediction is developed using the truncated Brownian bridge method. Based on this model, a novel conflict probability estimation method is developed. Finally, the performance of the proposed probabilistic CD approach is demonstrated through an illustrative air traffic scenario.     

船舶液压起重机延迟反馈吊重消摆控制

由于操纵和工作环境的变化,起重机的吊重在工作过程中会产生摆动,这种摆动降低了起重机的工作效率和安全性能。文章以集美大学轮机工程实验中心船舶液压起重机为研究对象,采用机电液仿真建模技术及拉格朗日方程,在MATLAB Simulink仿真软件平台上,建立起重机操作液压系统及吊重摆动模型,采用与试验数据对比的方法对所建立的模型进行验证。设计基于吊重摆动位置延迟反馈的控制器,通过将延迟反馈信号叠加到操作信号上的方法实现吊重的消摆控制。结果表明,在各种操作情况下,延迟反馈控制器均能很好地抑制吊重的摆动。     

Assessing the impact of reduced visibility on traffic crash risk using microscopic data and surrogate safety measures

Due to the difficulty of obtaining accurate real-time visibility and vehicle based traffic data at the same time, there are only few research studies that addressed the impact of reduced visibility on traffic crash risk. This research was conducted based on a new visibility detection system by mounting visibility sensor arrays combined with adaptive learning modules to provide more accurate visibility detections. The vehicle-based detector, Wavetronix SmartSensor HD, was installed at the same place to collect traffic data. Reduced visibility due to fog were selected and analyzed by comparing them with clear cases to identify the differences based on several surrogate measures of safety under different visibility classes. Moreover, vehicles were divided into different types and the vehicles in different lanes were compared in order to identify whether the impact of reduced visibility due to fog on traffic crash risk varies depending on vehicle types and lanes. Log-Inverse Gaussian regression modeling was then applied to explore the relationship between time to collision and visibility together with other traffic parameters. Based on the accurate visibility and traffic data collected by the new visibility and traffic detection system, it was concluded that reduced visibility would significantly increase the traffic crash risk especially rear-end crashes and the impact on crash risk was different for different vehicle types and for different lanes. The results would be helpful to understand the change in traffic crash risk and crash contributing factors under fog conditions. We suggest implementing the algorithms in real-time and augmenting it with ITS measures such as VSL and DMS to reduce crash risk.     

基于LSTM的舰船运动姿态短期预测

舰船的六自由度运动状态形成复杂的非线性过程,运动姿态会受到耦合作用、不定周期、噪声信号以及混沌特性等因素的干扰,因此很难得到精确的预测结果.为了提升舰船运动姿态的预测精度,利用舰船时间序列的特点,建立了基于长短期记忆单元(LSTM)模型,对其进行了舰船姿态预测仿真,将结果与时间序列分析法的结果进行对比.实例分析表明:基于LSTM模型的预测方法具有精确度高、易实现的特点.这为舰船运动短期预测提供了一个新的思路和方法.     

城市交叉口交通流特征与短时预测模型

时间尺度大于15 min的城市交通流预测模型已无法满足交通信号实时控制和交通信息实时发布的需求,通过对广州市中心区交叉路口交通流长期观察和数据采集,分析了各种时间尺度的交通流特性,提出以路口信号周期作为时间尺度,绿灯流率作为变量的ARIMA(p,d,q)短时交通预测模型。以1个和3个信号周期的时间尺度为例,对城市交叉路口不同时间段交通流进行建模和预测。结果表明ARIMA(p,d,q)预测模型结构稳定,算法简单,时间尺度为3个信号周期的预测模型可以很好地保持交通流特征,均方根误差为0.015 9,预测精度较高。     

预应力混凝土箱梁短线台节段预制关键技术

阐述了预应力混凝土箱梁预制节段短线台施工工艺及原理,分析了预制节段梁划分的原理以及预制现场施工过程中产生误差的原因.短线台施工几何控制的关键技术是匹配梁的定位.从测量系统的建立、空间定位程序的运用来解释短线法的匹配调整基本原理.给出了短线台节段梁预制法的模板设计以及现场几何控制及调整程序的设计原理.     

基于混沌时间序列的道路断面短时交通流预测模型

为了提高道路断面短时交通流预测的精确性,本文对道路断面的短时交通流数据进行混沌时间序列分析,并对多维交通流时间序列数据进行了相空间重构,建立基于混沌时间序列分析的道路断面短时交通流预测模型,利用粒子群优化算法优化模型的参数选择．最后应用本文的方法对城市快速路采集的断面交通流数据进行分析,对道路断面短时交通流建立预测模型并验证其有效性．     

船摇前馈控制补偿效果及优化方法研究

雷达隔离船摇的主要手段之一.针对船摇前馈在实际工程应用中补偿效果不理想的问题,通过对前馈复合控制原理、船摇前馈实现方法和效果影响因素的研究,提出了工程实现的优化方法.采用时间序列分析方法进行船摇数据预报可以提高近一个数量级的预报精度,从而直接提高船摇前馈补偿量的计算精度和补偿效果.通过在前馈补偿环节中加入自适应设计以实现船摇前馈信息有效平稳地加入控制环路.此外,选择适宜的时机加入船摇前馈也是工程应用的一个重要因素.     

时间反演在浅海波导环境中的应用研究

本文基于伪谱方法对浅海波导环境中的时间反演聚焦和时间反演主动声纳进行了计算,给出了声源频率为100Hz的正演和反演声场分布的演化过程。