Download as pdf or txt
Download as pdf or txt
You are on page 1of 22

&

4$IORZILHOGLVGHVFULEHGE\ V  xy iÖ  y  Öj 'HWHUPLQHZKHWKHURUQRWWKHIORZXQGHUJRHV


&
xy  kÖ Jxy  xy

URWDWLRQDQGDQJXODUGHIRUPDWLRQ$QV ]

^ŽůƵƚŝŽŶ͗ &
V xyiÖ  y Öj
‫ ݑ‬ൌ െͶ‫ ݕݔ‬ଷ ͕ ‫ ݒ‬ൌ ‫ݕ‬ସ͕ ǁсϬ

ĂŶĚ

,ĞŶĐĞĂŶŐƵůĂƌĚĞĨŽƌŵĂƚŝŽŶĞdžŝƚƐ͘
ϮϬ
47KHVWUHDPOLQHVLQDSDUWLFXODUWZRGLPHQVLRQDOIORZILHOGDUH
DOOFRQFHQWULFFLUFOHVDVVKRZQLQWKHILJXUH7KHYHORFLW\LVJLYHQ
E\WKHHTXDWLRQ vT Z r ZKHUHZ LVWKHDQJXODUYHORFLW\RIWKHURWDWLQJ
PDVVRIIOXLG'HWHUPLQHWKHFLUFXODWLRQDURXQGWKHSDWKABCD
$QV * Z 'T b   a 
^ŽůƵƚŝŽŶ͗

Ϯϭ
47KHVWUHDPIXQFWLRQIRUDQLQFRPSUHVVLEOHIORZILHOGLVJLYHQE\WKHHTXDWLRQ
\  x  y  y 
ZKHUH WKH VWUHDP IXQFWLRQ KDV WKH XQLWV RI PV ZLWK x DQG y LQ PHWHUV D 6NHWFK
WKH VWUHDPOLQHV SDVVLQJ WKURXJK WKH RULJLQ E 'HWHUPLQH WKH UDWH RI IORZ DFURVV
WKH VWUDLJKW SDWK AB VKRZQ LQ WKH ILJXUH ŶƐ͗ y    x    x
q PVSHUXQLWZLGWK
^ŽůƵƚŝŽŶ͗ ;ĂͿ Y
>ŝŶĞƐŽĨĐŽŶƐƚĂŶƚʗ ĂƌĞƐƚƌĞĂŵůŝŶĞƐ͘
&ŽƌĂƐƚƌĞĂŵůŝŶĞƉĂƐƐŝŶŐƚŚƌŽƵŐŚƚŚĞŽƌŝŐŝŶ;džсϬ͕LJсϬͿ
ŚĂƐĂǀĂůƵĞʗсϬ

&ŽƌǁŚŝĐŚƚŚĞƐŽůƵƚŝŽŶŝƐLJсϬ͕ĂŶĚLJсц ͵ dž

ϰϬ
ϰϭ
4$QLGHDOIOXLGIORZVEHWZHHQWKHLQFOLQHGZDOOVRIDWZRGLPHQVLRQDOFKDQQHOLQWRD
VLQNORFDWHGDWWKHRULJLQ7KHYHORFLW\SRWHQWLDOIRUWKLVIORZILHOGLV I m OQ r
S
ZKHUHm LVDFRQVWDQW D 'HWHUPLQHWKHFRUUHVSRQGLQJVWUHDPIXQFWLRQ1RWHWKDWWKH
YDOXHRIWKHVWUHDPIXQFWLRQDORQJWKHZDOOOA LV]HUR E 'HWHUPLQHWKHHTXDWLRQRIWKH
VWUHDPOLQHSDVVLQJWKURXJKWKHSRLQWBORFDWHGDWx y 
§ T ·
$QV D  \ m¨  ¸ ;ďͿ \  m ϲͲϰϲDƵŶƐŽŶ
© S  ¹
^ŽůƵƚŝŽŶ͗
߲߮ ݉
‫ݒ‬௥ ൌ ൌ
߲‫ݎߨʹ ݎ‬

ůƐŽ ͳ ߲߰ ݉
‫ݒ‬௥ ൌ ൌ
‫ݎߨʹ ߠ߲ ݎ‬
݉ߠ
߰ൌ ൅ ݂ଵ ‫  ݎ‬െെെെെ െሺͳሻ
ʹߨ
ŶĚ ͳ ߲߮
‫ݒ‬ఏ ൌ ൌͲ
‫ߠ߲ ݎ‬
ůƐŽ
߲Ȳ
‫ݒ‬ఏ ൌ െ сх ߰ ൌ ݂ଶ ߠ െെെെെ െሺʹሻ ϰϮ
߲‫ݎ‬
ŽŵƉĂƌŝŶŐĞƋƵĂƚŝŽŶ;ϭͿĂŶĚ;ϮͿ͕ŝƚƌĞǀĞĂůƐƚŚĂƚɎ ŝƐŶŽƚĂĨƵŶĐƚŝŽŶŽĨƌ͕
dŚĞƌĞĨŽƌĞ͕ĞƋƵĂƚŝŽŶ;ϭͿďĞĐŽŵĞƐ͕
݉ߠ ೘ഇ ೘ഇ
߰ൌ ൅‫ܥ‬ ଵ డሺ మഏ ା஼ሻ ௠ డ
మഏ
ା஼
ʹߨ ΂ĐŚĞĐŬ͗‫ݒ‬௥ ൌ ൌ ǡ ‫ݒ‬ఏ ൌ െ ൌ Ͳሽ
௥ డఏ ଶగ௥ డ௥

݉ߠ
tŚĞŶɎсϬ͕ɽсʋͬϯ ֜Ͳൌ ൅ ‫݁݅ܥ‬ǡ ‫ ܥ‬ൌ െ݉Ȁ͸
ʹߨ
݉ߠ ݉ ߠ ͳ
߰ൌ െ  ൌ ݉ሺ െ  ሻ
ʹߨ ͸ ʹߨ ͸

ϰϯ
47KHYHORFLW\FRPSRQHQWVLQDWZRGLPHQVLRQDOLQFRPSUHVVLEOHIORZILHOGDUH
y x
u  x  xy ĂŶĚ v xy   y 


 
D 6KRZWKDWWKH\UHSUHVHQWDSRVVLEOHFDVHRILUURWDWLRQDO IORZDQG E REWDLQH[SUHVVLRQV
IRUVWUHDPDQGYHORFLW\SRWHQWLDOIXQFWLRQV$QV x y x 
y   
\  xy   
  

xy  x  y
I   x  y
^ŽůƵƚŝŽŶ͗  

ϮĐŽŶƚŝŶƵŝƚLJĞƋƵĂƚŝŽŶ͗ ߲‫ݒ߲ ݑ‬
൅ ൌͲ
߲‫ݕ߲ ݔ‬
;ϮͲ ϮdžLJͿн;ϮdžLJʹ ϮͿсϬ ŝ͘Ğ͘&ůŽǁŝƐƉŚLJƐŝĐĂůůLJƉŽƐƐŝďůĞ͘

D 6KRZWKDWWKH\UHSUHVHQWDSRVVLEOHFDVHRILUURWDWLRQDO IORZ

ϰϰ
E REWDLQH[SUHVVLRQVIRUVWUHDPDQGYHORFLW\SRWHQWLDOIXQFWLRQV

ŽŵďŝŶŝŶŐ;ϭͿĂŶĚ;ϮͿ

EŽǁĨŽƌǀĞůŽĐŝƚLJƉŽƚĞŶƚŝĂůĨƵŶĐƚŝŽŶ

ŽŵďŝŶŝŶŐĞƋƵĂƚŝŽŶ;ϯͿĂŶĚ;ϰͿ͗

ϰϱ
4 $ VRXUFH RI VWUHQJWK  PV LV ORFDWHG DW [ \    $ GRXEOHW LV DW WKH RULJLQ ZLWK
VWUHQJWK  PV DQG LVVXHV LQ WKH SRVLWLYH [GLUHFWLRQ 7KLV LV FRPELQHG ZLWK D XQLIRUP IORZ
RI  PV LQ WKH SRVLWLYH \GLUHFWLRQ 'HWHUPLQH WKH YHORFLW\ DW SRLQW   IRU WKH UHVXOWLQJ
IORZ $OO VSDWLDO FRRUGLQDWHV DUH LQ PHWUHV
$QV u  PV v  PV

^ŽůƵƚŝŽŶ͗
^ŽƵƌĐĞ͗

ϲϭ
ŽƵďůĞƚ

hŶŝĨŽƌŵĨůŽǁ͗

ŽŵďŝŶĞĚĨůŽǁĨŝĞůĚ͗

ܸ ൌ ‫ݑ‬ଶ ൅ ‫ ݒ‬ଶ сϱ͘ϵϰŵͬƐ



ߙ ൌ –ƒିଵ сϴϵ͘ϬϳΣ

ϴϵ͘ϬϳΣ
ϲϮ
4 $ SRWHQWLDO IORZ RI DQ LGHDO JDV ZLWK D IUHH VWUHDP XQLIRUP YHORFLW\ RI  PV IORZV RYHU
D ORQJ VHPLFLUFXODU EXPS ,I WKH IUHH VWUHDP SUHVVXUH LV  3D DEVROXWH DQG
WHPSHUDWXUH LV q& ZKDW LV WKH IRUFH IURP WKH IORZ RQ WKH EXPS SHU XQLW OHQJWK RI WKH
EXPS" 7KDW UDGLXV RI WKH EXPS LV  P $QV  N1

ϲϵ
ϳϬ
4$FRDWLQJH[SHULPHQWLQYROYHVDIODWSKRWRJUDSKLFILOPWKDWLVEHLQJSXOOHGXSIURPD
SURFHVVLQJEDWKZLWKDVWHDG\YHORFLW\U DWDQDQJOHT WRWKHKRUL]RQWDODVVKRZQ7KHILOP
HQWUDLQVDOLTXLGOD\HURIFRQVWDQWWKLFNQHVVGDVLWOHDYHVWKHEDWK7KHUHLVQRQHWIORZRI
WKHOLTXLGVLQFHDVPXFKLVEHLQJSXOOHGXSE\WKHILOPDVLVIDOOLQJEDFNE\JUDYLW\$VVXPH
WKDWWKHSUHVVXUHLQWKHVXUURXQGLQJDLULVDWPRVSKHULFHYHU\ZKHUHDQGWKHVKHDULQJVWUHVVRQ
WKHIUHHVXUIDFHLVQHJOLJLEOH8VHWKH1DYLHU6WRNHVHTXDWLRQWRGHWHUPLQHWKHYHORFLW\
SURILOHLQWKHOLTXLGOD\HU1RWLQJWKDWq REWDLQWKHWKLFNQHVVG LQWHUPVRIUTPU DQG
g

§ PU ·
ŶƐ͗ G ¨ ¸
© U g VLQ T ¹

&ƌŽŵĐŽŶƚŝŶƵŝƚLJ͗
ϴϲ
ϴϳ
ϴϴ
7KHYHORFLW\SRWHQWLDOIRUDWZRGLPHQVLRQDOIORZILHOGLV
6KRZWKDWWKHFRQWLQXLW\HTXDWLRQLVVDWLVILHGDQGGHWHUPLQHWKHFRUUHVSRQGLQJVWUHDP
IXQFWLRQ$OVRILQGDQ\VWDJQDWLRQSRLQWLQWKLVIORZILHOG

^ŽůƵƚŝŽŶ͗

7KHFRUUHVSRQGLQJVWUHDPIXQFWLRQ

ͲͲͲͲͲͲͲͲͲͲ ;ϭͿ ϭϭϯ


ŶĂŶƚŝͲĐůŽĐŬǁŝƐĞĨƌĞĞǀŽƌƚĞdžŽĨƐƚƌĞŶŐƚŚϭϲʋŵϮͬƐĞĐůŽĐĂƚĞĚĂƚ;Ϭ͕ϬͿ͕ĂƐŽƵƌĐĞŽĨƐƚƌĞŶŐƚŚ
ϵʋŵϮͬƐĞĐŝƐƉůĂĐĞĚĂƚ;ϴ͕ϬͿ͕ĂƐŝŶŬŽĨƐƚƌĞŶŐƚŚϭϮʋŵϮͬƐĞĐ ŝƐƉůĂĐĞĚĂƚ;Ͳϰ͕ϬͿĂŶĚĂĚŽƵďůĞƚ
ŽĨƐƚƌĞŶŐƚŚϭϬŵϮͬƐĞĐŝƐůŽĐĂƚĞĚĂƚ;Ϭ͕ͲϯͿ͘ĞƚĞƌŵŝŶĞƚŚĞƌĞƐƵůƚĂŶƚǀĞůŽĐŝƚLJĂƚ;ϰ͕ϬͿ͘ůů
ĐŽŽƌĚŝŶĂƚĞƐĂƌĞŝŶŵĞƚĞƌƐ͘dŚĞĨŽůůŽǁŝŶŐƌĞůĂƚŝŽŶƐĂƉƉůLJƚŽƚŚĞĚŽƵďůĞƚ͗
۹‫ܛܗ܋‬ી ۹‫ܖܑܛ‬ી
‫ ܚܞ‬ൌ െ ૛ ͕ĂŶĚ‫ܞ‬ી ൌ െ ૛
‫ܚ‬ ‫ܚ‬

^ŽůƵƚŝŽŶ͗

ϭϭϰ


ͲϮ
Ͳϯ
Ͳϰ

ϭϭϱ
ϭϭϲ
$YLVFRXVOLTXLGRIFRQVWDQWGHQVLW\DQGYLVFRVLW\IDOOVGXHWR
JUDYLW\EHWZHHQWZRYHUWLFDOSDUDOOHOSODWHVDGLVWDQFH2h DSDUWDV
VKRZQLQWKHILJXUH7KHUHDUHQRSUHVVXUHJUDGLHQWVRQO\JUDYLW\
&RQILUPIURPFRQWLQXLW\HTXDWLRQDQGDQ\VXSSRUWLQJDVVXPSWLRQ
WKDWWKHIORZLVIXOO\GHYHORSHGWKDWLVw w(x) RQO\$QDO\]HWKH
JLYHQV\VWHPZLWKWKHDLGRI1DYLHU6WRNHVHTXDWLRQVWR
GHYHORSH[SUHVVLRQVIRUWKHYHORFLW\GLVWULEXWLRQw x DQGWKH
IORZUDWHLQWKHILOP $OODVVXPSWLRQVDQGFRQGLWLRQVUHTXLUHGWR
VLPSOLI\WKH1DYLHU6WRNHVHTXDWLRQVPXVWEHVWDWHG
^ŽůƵƚŝŽŶ

ϭϭϳ
ϭϭϴ
dŚĞƌĞĨŽƌĞ͕

EŽǁĨŽƌƚŚĞǀŽůƵŵĞĨůŽǁƌĂƚĞŝŶƚŚĞĨŝůŵ͕

ϭϭϵ

You might also like