Weather Derivatives
2-1. The Need for Weather Derivatives
2-2. Weather Derivative Deals and Their Growth
2-3. Benefits of Weather Derivatives
2-4. An Example – Temperature Derivatives
1) Measuring daily index value
HDD(Heating Degree Day) = Max(0, B-X)
CDD(Cooling Degree Day) = Max(0, X-B)
X: a day’s average temperature, B: base temperature(65oF)
Exotic Derivatives u
weather to future human. Fourthly permanent snow of the Alps will disappear and finally the Mediterranean and some European areas will suffer from burning heat. Rise to 3 degrees will collapse essential life-support system of the earth.
* An increase of 4 degree Celsius makes...
- Egypt and Venice will be flooded.
- Glaciers will disappear. ex) Seeing pictures of Himalayan glaciers taken by
(1) Coffee&franchise cofee market
Men should be like coffe, hot sweet and strong-Dutch proverb
It was a pleasant cafe, warm and clean and friendly, and I hung up my old water-proof on the coat rack to dry and put my worn and weathered felt hat on the rack above the bench and ordered a cafe au lait. The waiter brought it and I took out a notebook from the pocket of the coat and a pencil an
weather?
Our last reading was degrees.
- Its beautiful in New York!
- I wasnt worried about the weather.
You and your wife are confirmed
on flight boarding now.
- Are these your bags?
- Ill carry this one myself.
No, let the airline carry it. Its their job.
- Dont worry about the luggage.
- I wasnt worrying.
- Gwen, are you excited?
- Yes, George.
- You dont look excited.
- Im very excited!
- Hav