基本视频编码标准(essential video coding,EVC)采用了新的四叉树与嵌套多叉树(quadtree plus multi-type tree,QTMT)分区结构,使视频编码的效率大大提高,其中QTMT包括四叉树分区、水平和竖直二叉树分区以及水平和竖直三叉树分区。然而...基本视频编码标准(essential video coding,EVC)采用了新的四叉树与嵌套多叉树(quadtree plus multi-type tree,QTMT)分区结构,使视频编码的效率大大提高,其中QTMT包括四叉树分区、水平和竖直二叉树分区以及水平和竖直三叉树分区。然而,随着编码效率的提高,编码的复杂度也在增加。根据EVC编码单元(coding unit,CU)的亮度残差值设计了一种全新的CU快速划分算法,CU的亮度残差值是由原始亮度值和预测亮度值之间的差异得到的,利用残差值,建立了一个CU提前终止模型,有效地降低了编码的复杂性。大量的实验结果表明,本文提出的方法平均减少了31.56%的编码时间,而Bj?ntegaard delta rate的增加也是较小的。展开更多
It was shown in Xia that for incomplete markets with continuous assets＇ price processes and for complete markets the mean-variance portfolio selection can be viewed as expected utility maximization with non-negative ...It was shown in Xia that for incomplete markets with continuous assets＇ price processes and for complete markets the mean-variance portfolio selection can be viewed as expected utility maximization with non-negative marginal utility. In this paper we show that for discrete time incomplete markets this result is not true.展开更多
China has promised to start the national carbon trading system in 2017.In the carbon trading system,the renewable energy projects may obtain additional benefits through the Certified Carbon Emission Reduction(CCER) tr...China has promised to start the national carbon trading system in 2017.In the carbon trading system,the renewable energy projects may obtain additional benefits through the Certified Carbon Emission Reduction(CCER) trade.As the carbon price fluctuates along with the market conditions,such fluctuation enables the renewable power projects to acquire the rights of an option,i.e.it may contain an even higher value due to the uncertainties in the future.While making an investment decision,the renewable power companies may choose to make the investment immediately,or postpone the investment and accumulate more information to increase the return of investment;and for immediate investments,the return must be sufficient to exceed the potential value of a waiting option.To study the investment in renewable power projects subject to the fluctuation of carbon price,this paper adopts the trinomial tree model of real options to estimate the net present value(NPV) and real option value(ROV) of three types of renewable power projects;according to the decision-making rules of real options to defer,all the three types of projects will exercise the option to postpone the investment decision.This thesis also calculates the benchmark prices of the three types of renewable projects at different times,in the two situations of having no government subsidy and having the government subsidy,so as to determine the investment opportunity of a project.The benchmark price decreases gradually along with the increase of government subsidy,indicating that the government subsidy will stimulate the investment in renewable projects.The benchmark price also increases gradually along with the lapse of time,indicating that the uncertainty will increase together with the time span and thus requires an even higher carbon price to determine the investment opportunity.This thesis also analyzes the sensitivity of factors affecting the investment in renewable projects and draws the conclusion that the fluctuation of carbon price is positively related with t展开更多
文摘基本视频编码标准(essential video coding,EVC)采用了新的四叉树与嵌套多叉树(quadtree plus multi-type tree,QTMT)分区结构,使视频编码的效率大大提高,其中QTMT包括四叉树分区、水平和竖直二叉树分区以及水平和竖直三叉树分区。然而,随着编码效率的提高,编码的复杂度也在增加。根据EVC编码单元(coding unit,CU)的亮度残差值设计了一种全新的CU快速划分算法,CU的亮度残差值是由原始亮度值和预测亮度值之间的差异得到的,利用残差值,建立了一个CU提前终止模型,有效地降低了编码的复杂性。大量的实验结果表明,本文提出的方法平均减少了31.56%的编码时间,而Bj?ntegaard delta rate的增加也是较小的。
文摘It was shown in Xia that for incomplete markets with continuous assets＇ price processes and for complete markets the mean-variance portfolio selection can be viewed as expected utility maximization with non-negative marginal utility. In this paper we show that for discrete time incomplete markets this result is not true.
文摘China has promised to start the national carbon trading system in 2017.In the carbon trading system,the renewable energy projects may obtain additional benefits through the Certified Carbon Emission Reduction(CCER) trade.As the carbon price fluctuates along with the market conditions,such fluctuation enables the renewable power projects to acquire the rights of an option,i.e.it may contain an even higher value due to the uncertainties in the future.While making an investment decision,the renewable power companies may choose to make the investment immediately,or postpone the investment and accumulate more information to increase the return of investment;and for immediate investments,the return must be sufficient to exceed the potential value of a waiting option.To study the investment in renewable power projects subject to the fluctuation of carbon price,this paper adopts the trinomial tree model of real options to estimate the net present value(NPV) and real option value(ROV) of three types of renewable power projects;according to the decision-making rules of real options to defer,all the three types of projects will exercise the option to postpone the investment decision.This thesis also calculates the benchmark prices of the three types of renewable projects at different times,in the two situations of having no government subsidy and having the government subsidy,so as to determine the investment opportunity of a project.The benchmark price decreases gradually along with the increase of government subsidy,indicating that the government subsidy will stimulate the investment in renewable projects.The benchmark price also increases gradually along with the lapse of time,indicating that the uncertainty will increase together with the time span and thus requires an even higher carbon price to determine the investment opportunity.This thesis also analyzes the sensitivity of factors affecting the investment in renewable projects and draws the conclusion that the fluctuation of carbon price is positively related with t
