ACCOUNTING AND FINANCIAL ENGINEERING - EXAMPLE 34.3 : (a) In the M / M / 1 queue that happens with randomness, let State 0 = the queue and server are empty, State 1 = the server is in use and the queue is empty, State 2 = the server is in use and 1 is in the queue, State 3 = the server is in use and 2 in the queue. Let P (0) = probability of State 0, P (1) = probability of State 1, P (2) = probability of State 2, P (3) = probability of State 3 and so on. If c = constant, P (1) = c P (0), P (2) = c [ c P (0) ], P (3) = c { c [ c P (0) ] }, write an equation that involves P (N), P (N + 1) and c. (b) Let L = market price of risk, r = riskless rate, m = expected return, s = volatility. Given that L = (m - r) / s related to oil prices, expected return = 12 %, s = 20 %, riskless rate = 8 %, calculate the market price of risk.

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What are some of the consequences of an undersized kettle type reboiler?

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Explain what is the method involved in analyzing powders for composition?

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PROCESS CONTROL - EXAMPLE 6.1 : In a Laplace Transform Table, the Laplace transfer function of f(t) is F(s). When d(t) = f(t) then 1 = F(s). When x(t) = f(t) then X(s) = F(s). If d(t) is the impulse of a spring when d(t) = kx(t), then derive the equation for the impulse of a spring as X(s) in term of k. Next question : A controller has a transfer function a and the other controller has a transfer function b. The overall transfer function of both controllers is ab. What is the transfer function overall when both controllers have similar transfer function 1 / (Cs + k)?

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What are some good strategies for curing tube vibration in shell and tube exchangers?

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how can I find out a sulfuric acid recovery plant disigner?

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i need formula for calculating discharge of river, the data i have is variation of water pressure, variation of air pressure,depth of water and length of river. please i need help

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What steps can be taken to avoid stress corrosion cracking (SCC) in steel vessels used for storing anhydrous ammonia?

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What is fuel requirement of 20kg/hr of incineration having material calorific value 6500 kcal/kg and diesel calorific value 10707 Kcal/Kg (PCC=850 degC and SCC 1050 Deg c)

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What is happening when paint dries?

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Explain some of the consequences of an undersized kettle type reboiler?

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What kind of concerns is associated with temperature pinch points in condensers?

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