6 resultados para Surety and fidelity insurance
em Universidad Politécnica de Madrid
Resumo:
Irrigators face the risk of not having enough water to meet their crops’ demand. There are different mechanisms to cope with this risk, including water markets (option contracts) or insurance. A farmer will purchase them when the expected utility change derived from the tool is positive. This paper presents a theoretical assessment of the farmer’s expected utility under two different option contracts, a drought insurance and a combination of an option contract and the insurance. We analyze the conditions that determine farmer’s reference for one instrument or the other and perform a numerical application that is relevant for a Spanish region.
Resumo:
The effects of climate change on agriculture are often characterised by changes in the average productivity of crops; however, these indicators provide limited information regarding the risks associated with fluctuations in productivity resulting from future changes in climate variability that may also affect agriculture. In this context, this study evaluates the combined effects of the risks associated with anomalies reflected by changes in the mean crop yield and the variability of productivity in European agroclimatic regions under future climate change scenarios. The objective of this study is to evaluate adaptation needs and to identify regional effects that should be addressed with greater urgency in the light of the risks and opportunities that are identified. The results show differential effects on regional agriculture and highlight the importance of considering both regional average impacts and the variability in crop productivity in setting priorities for the adaptation and maintenance of rural incomes and agricultural insurance programmes
Resumo:
La presente Tesis analiza y desarrolla metodología específica que permite la caracterización de sistemas de transmisión acústicos basados en el fenómeno del array paramétrico. Este tipo de estructuras es considerado como uno de los sistemas más representativos de la acústica no lineal con amplias posibilidades tecnológicas. Los arrays paramétricos aprovechan la no linealidad del medio aéreo para obtener en recepción señales en el margen sónico a partir de señales ultrasónicas en emisión. Por desgracia, este procedimiento implica que la señal transmitida y la recibida guardan una relación compleja, que incluye una fuerte ecualización así como una distorsión apreciable por el oyente. Este hecho reduce claramente la posibilidad de obtener sistemas acústicos de gran fidelidad. Hasta ahora, los esfuerzos tecnológicos dirigidos al diseño de sistemas comerciales han tratado de paliar esta falta de fidelidad mediante técnicas de preprocesado fuertemente dependientes de los modelos físicos teóricos. Estos están basados en la ecuación de propagación de onda no lineal. En esta Tesis se propone un nuevo enfoque: la obtención de una representación completa del sistema mediante series de Volterra que permita inferir un sistema de compensación computacionalmente ligero y fiable. La dificultad que entraña la correcta extracción de esta representación obliga a desarrollar una metodología completa de identificación adaptada a este tipo de estructuras. Así, a la hora de aplicar métodos de identificación se hace indispensable la determinación de ciertas características iniciales que favorezcan la parametrización del sistema. En esta Tesis se propone una metodología propia que extrae estas condiciones iniciales. Con estos datos, nos encontramos en disposición de plantear un sistema completo de identificación no lineal basado en señales pseudoaleatorias, que aumenta la fiabilidad de la descripción del sistema, posibilitando tanto la inferencia de la estructura basada en bloques subyacente, como el diseño de mecanismos de compensación adecuados. A su vez, en este escenario concreto en el que intervienen procesos de modulación, factores como el punto de trabajo o las características físicas del transductor, hacen inviables los algoritmos de caracterización habituales. Incluyendo el método de identificación propuesto. Con el fin de eliminar esta problemática se propone una serie de nuevos algoritmos de corrección que permiten la aplicación de la caracterización. Las capacidades de estos nuevos algoritmos se pondrán a prueba sobre un prototipo físico, diseñado a tal efecto. Para ello, se propondrán la metodología y los mecanismos de instrumentación necesarios para llevar a cabo el diseño, la identificación del sistema y su posible corrección, todo ello mediante técnicas de procesado digital previas al sistema de transducción. Los algoritmos se evaluarán en términos de error de modelado a partir de la señal de salida del sistema real frente a la salida sintetizada a partir del modelo estimado. Esta estrategia asegura la posibilidad de aplicar técnicas de compensación ya que éstas son sensibles a errores de estima en módulo y fase. La calidad del sistema final se evaluará en términos de fase, coloración y distorsión no lineal mediante un test propuesto a lo largo de este discurso, como paso previo a una futura evaluación subjetiva. ABSTRACT This Thesis presents a specific methodology for the characterization of acoustic transmission systems based on the parametric array phenomenon. These structures are well-known representatives of the nonlinear acoustics field and display large technological opportunities. Parametric arrays exploit the nonlinear behavior of air to obtain sonic signals at the receptors’side, which were generated within the ultrasonic range. The underlying physical process redunds in a complex relationship between the transmitted and received signals. This includes both a strong equalization and an appreciable distortion for a human listener. High fidelity, acoustic equipment based on this phenomenon is therefore difficult to design. Until recently, efforts devoted to this enterprise have focused in fidelity enhancement based on physically-informed, pre-processing schemes. These derive directly from the nonlinear form of the wave equation. However, online limited enhancement has been achieved. In this Thesis we propose a novel approach: the evaluation of a complete representation of the system through its projection onto the Volterra series, which allows the posterior inference of a computationally light and reliable compensation scheme. The main difficulty in the derivation of such representation strives from the need of a complete identification methodology, suitable for this particular type of structures. As an example, whenever identification techniques are involved, we require preliminary estimates on certain parameters that contribute to the correct parameterization of the system. In this Thesis we propose a methodology to derive such initial values from simple measures. Once these information is made available, a complete identification scheme is required for nonlinear systems based on pseudorandom signals. These contribute to the robustness and fidelity of the resulting model, and facilitate both the inference of the underlying structure, which we subdivide into a simple block-oriented construction, and the design of the corresponding compensation structure. In a scenario such as this where frequency modulations occur, one must control exogenous factors such as devices’ operation point and the physical properties of the transducer. These may conflict with the principia behind the standard identification procedures, as it is the case. With this idea in mind, the Thesis includes a series of novel correction algorithms that facilitate the application of the characterization results onto the system compensation. The proposed algorithms are tested on a prototype that was designed and built for this purpose. The methodology and instrumentation required for its design, the identification of the overall acoustic system and its correction are all based on signal processing techniques, focusing on the system front-end, i.e. prior to transduction. Results are evaluated in terms of input-output modelling error, considering a synthetic construction of the system. This criterion ensures that compensation techniques may actually be introduced, since these are highly sensible to estimation errors both on the envelope and the phase of the signals involved. Finally, the quality of the overall system will be evaluated in terms of phase, spectral color and nonlinear distortion; by means of a test protocol specifically devised for this Thesis, as a prior step for a future, subjective quality evaluation.
Resumo:
In general, insurance is a form of risk management used to hedge against a contingent loss. The conventional definition is the equitable transfer of a risk of loss from one entity to another in exchange for a premium or a guaranteed and quantifiable small loss to prevent a large and possibly devastating loss being agricultural insurance a special line of property insurance. Agriculture insurance, as actually are designed in the Spanish scenario, were established in 1978. At the macroeconomic insurance studies scale, it is necessary to know a basic element for the insurance actuarial components: sum insured. When a new risk assessment has to be evaluated in the insurance framework, it is essential to determinate venture capital in the total Spanish agriculture. In this study, three different crops (cereal, citrus and vineyards) cases are showed to determinate sum insured as they are representative of the cases found in the Spanish agriculture. Crop sum insured is calculated by the product of crop surface, unit surface production and crop price insured. In the cereal case, winter as spring cereal sowing, represents the highest Spanish crop surface, above to 6 millions of hectares (ha). Meanwhile, the four citrus species (oranges, mandarins, lemons and grapefruits) occupied an extension just over 275.000 ha. On the other hand, vineyard target to wine process shows almost one million of ha in Spain.
Resumo:
An extension of guarantees related to rainfall-related risks in the insurance of processing tomato crops has been accompanied with a large increase in claims in Western Spain, suggesting that damages may have been underestimated in previous years. A database was built by linking agricultural insurance records, meteorological data from local weather stations, and topographic data. The risk of rainfall-related damages in processing tomato in the Extremenian Guadiana river basin (W Spain) was studied using a logistic model. Risks during the growth of the crop and at harvesting were modelled separately. First, the risk related to rainfall was modelled as a function of meteorological, terrain and management variables. The resulting models were used to identify the variables responsible for rainfall-related damages, with a view to assess the potential impact of extending insurance coverage, and to develop an index to express the suitability of the cropping system for insurance. The analyses reveal that damages at different stages of crop development correspond to different hazards. The geographic dependence of the risk influences the scale at which the model might have validity, which together with the year dependency, the possibility of implementing index based insurances is questioned.
Resumo:
An extension of guarantees related to rainfall-related risks in the insurance of processing tomato crops hasbeen accompanied with a large increase in claims in Western Spain, suggesting that damages may havebeen underestimated in previous years. A database was built by linking agricultural insurance records,meteorological data from local weather stations, and topographic data. The risk of rainfall-related dam-ages in processing tomato in the Extremenian Guadiana river basin (W Spain) was studied using a logisticmodel. Risks during the growth of the crop and at harvesting were modelled separately. First, the riskrelated to rainfall was modelled as a function of meteorological, terrain and management variables. Theresulting models were used to identify the variables responsible for rainfall-related damages, with a viewto assess the potential impact of extending insurance coverage, and to develop an index to express thesuitability of the cropping system for insurance. The analyses reveal that damages at different stages ofcrop development correspond to different hazards. The geographic dependence of the risk influences the scale at which the model might have validity, which together with the year dependency, hampers the possibilityof implementing index based insurances is questioned.