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This paper exposes our online approach to real-time hydraulic simulation that could hardly be achieved through traditional optimization methods. The proposed approach includes a distribution model of SCADA nodes and an estimation algorithm of instantaneous node water flow. The SCADA model is used to analyze a complex water supply network into simple computation units, and the estimation algorithm...
In order to describe the dependent structure in the jump-diffusion risk model in non-life insurance, a Markov-modulated model is considered in this paper. By introducing an external continuous-time Markov process, the classical jump-diffusion risk model is extended to a Markov dependent one, in which the inter-claim time, the claim amount, the premium rate and the volatility of the diffusion process...
In order to measure the increasing complexity and dependent risk of nonlife insurance products and models, a class of the renewal risk processes with non-stationary and stochastic dependence properties are considered in this paper. By introducing an external continuous-time Markov process, the generalized Erlang(2) risk model can rationally characterize the dependent structure, in which the interclaim...
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