@article{SchmitzWeber2012, author = {Schmitz, Philipp and Weber, Martin}, title = {Buying and selling behavior of individual investors in option-like securities}, series = {Die Betriebswirtschaft : DBW}, volume = {72}, journal = {Die Betriebswirtschaft : DBW}, number = {5}, publisher = {Sch{\"a}ffer-Poeschel}, address = {Stuttgart}, issn = {0342-7064}, doi = {10.2139/ssrn.2055088}, pages = {409 -- 426}, year = {2012}, abstract = {We analyze the trading behavior of individual investors in option-like securities, namely bankissued warrants, and thus expand the growing literature of investors behavior to a new kind of securities. A unique data set from a large German discount broker gives us the opportunity to analyze the trading behavior of 1,454 investors, making 89,958 transactions in 6,724 warrants on 397 underlyings. In different logit regression, we make use of the facts that investors can speculate on rising and falling prices of the underlying with call and put warrants and that we also have information about the stock portfolios of the investors. We report several facts about the trading behavior of individual investors in warrants that are consistent with the literature on the behavior of individual investors in the stock market. The warrant investors buy calls and sell puts if the price of the underlying has decreased over the past trading days and they sell calls and buy puts if the price of the underlying has increased. That means, the investors follow negative feedback trading strategies in all four trading categories observed. In addition, we find strong evidence for the disposition effect for call as well as put warrants, which is reversed in December. The trading behavior is also influenced if the underlying reaches some exceptionally prices, e.g. highs, lows or the strike price. We show that hedging, as one natural candidate to buy puts, does not play an important role in the market for bank-issued warrants.}, language = {en} } @inproceedings{KernSchelthoffMathieu2012, author = {Kern, Alexander and Schelthoff, Christof and Mathieu, Moritz}, title = {Calculation of interception efficiencies for mesh-type air-terminations according to IEC 62305-3 using a dynamic electro-geometrical model}, series = {International Conference on Lightning Protection (ICLP) : 2 - 7 Sept. 2012, Vienna}, booktitle = {International Conference on Lightning Protection (ICLP) : 2 - 7 Sept. 2012, Vienna}, publisher = {IEEE}, address = {Piscataway, NJ}, organization = {International Conference on Lightning Protection <2012, Wien>}, isbn = {978-1-4673-1896-9 (E-Book) ; 978-1-4673-1898-3 (Print)}, pages = {1 -- 6}, year = {2012}, language = {en} } @article{EilmannRigling2012, author = {Eilmann, Britta and Rigling, Andreas}, title = {Tree-growth analyses to estimate tree species' drought tolerance}, series = {Tree Physiology}, volume = {32}, journal = {Tree Physiology}, number = {2}, editor = {Abrams, Marc}, publisher = {Oxford University Press}, address = {Oxford}, issn = {0829-318X (Print)}, doi = {10.1093/treephys/tps004}, pages = {178 -- 187}, year = {2012}, abstract = {Climate change is challenging forestry management and practices. Among other things, tree species with the ability to cope with more extreme climate conditions have to be identified. However, while environmental factors may severely limit tree growth or even cause tree death, assessing a tree species' potential for surviving future aggravated environmental conditions is rather demanding. The aim of this study was to find a tree-ring-based method suitable for identifying very drought-tolerant species, particularly potential substitute species for Scots pine (Pinus sylvestris L.) in Valais. In this inner-Alpine valley, Scots pine used to be the dominating species for dry forests, but today it suffers from high drought-induced mortality. We investigate the growth response of two native tree species, Scots pine and European larch (Larix decidua Mill.), and two non-native species, black pine (Pinus nigra Arnold) and Douglas fir (Pseudotsuga menziesii Mirb. var. menziesii), to drought. This involved analysing how the radial increment of these species responded to increasing water shortage (abandonment of irrigation) and to increasingly frequent drought years. Black pine and Douglas fir are able to cope with drought better than Scots pine and larch, as they show relatively high radial growth even after irrigation has been stopped and a plastic growth response to drought years. European larch does not seem to be able to cope with these dry conditions as it lacks the ability to recover from drought years. The analysis of trees' short-term response to extreme climate events seems to be the most promising and suitable method for detecting how tolerant a tree species is towards drought. However, combining all the methods used in this study provides a complete picture of how water shortage could limit species.}, language = {en} } @inproceedings{LoPiparoKernMazzetti2012, author = {Lo Piparo, G. B. and Kern, Alexander and Mazzetti, C.}, title = {Some masterpoints about risk due to lightning}, series = {International Conference on Lightning Protection (ICLP) : 2 - 7 Sept. 2012, Vienna}, booktitle = {International Conference on Lightning Protection (ICLP) : 2 - 7 Sept. 2012, Vienna}, publisher = {IEEE}, address = {Piscataway, NJ}, organization = {International Conference on Lightning Protection <2012, Wien>}, isbn = {978-1-4673-1896-9 (E-Book) ; 978-1-4673-1898-3 (Print)}, pages = {1 -- 6}, year = {2012}, language = {en} } @article{BragardvanHoekDeDoncker2012, author = {Bragard, Michael and van Hoek, H. and De Doncker, R. W.}, title = {A major design step in IETO concept realization that allows overcurrent protection and pushes limits of switching performance}, series = {IEEE transactions on power electronics}, volume = {27}, journal = {IEEE transactions on power electronics}, number = {9}, publisher = {IEEE}, address = {New York}, issn = {0885-8993}, doi = {10.1109/TPEL.2012.2189136}, pages = {4163 -- 4171}, year = {2012}, abstract = {This paper presents the latest prototype of the integrated emitter turn-off thyristor concept, which potentially ranks among thyristor high-power devices like the gate turn-off thyristor and the integrated gate-commutated thyristor (IGCT). Due to modifications of the external driver stage and mechanical press-pack design optimization, this prototype allows for full device characterization. The turn-off capability was increased to 1600 A with an active silicon area of 823mm2 . This leads to a transient peak power of 672.1kW/cm² . Within this paper, measurements and concept assessment are presented and a comparison to state-of-the-art IGCT devices is provided.}, language = {en} } @phdthesis{Bragard2012, author = {Bragard, Michael}, title = {The integrated emitter turn-off thyristor : an innovative MOS-gated high-power device. - (Aachener Beitr{\"a}ge des ISEA ; 62)}, publisher = {Shaker}, address = {Aachen}, isbn = {978-3-8440-1152-4}, pages = {III, 164 S. : Ill., graph. Darst.}, year = {2012}, abstract = {This thesis introduces the Integrated Emitter Turn-Off (IETO) Thyristor as a new high-power device. Known state-of-the-art research activities like the Dual GCT, the ETO thyristor and the ICT were presented and critically reviewed. A comparison with commercialized solutions identifies the pros and cons of each type of device family. Based on this analysis, the IETO structure is proposed, covering most benefits of each device class. In particular the combination of a MOS-assisted turn-off with a thyristor-based device allows a voltage-controlled MOS switching and the low on-state voltage of the thyristors. The following synthesis of an IETO device stands on a three-dimensional field of optimization spanned by electric, mechanical and thermal aspects. From an electric point of view, the lowest possible parasitic inductance and resistance within the commutation path are optimization criteria. The mechanical construction has to withstand the required contact pressure of multiple kilo Newtons. Finally, thermal borders limit the maximum average current of the device. FEM simulations covering these three aspects are performed for several design proposals. An IETO prototype is constructed and measurements on various test benches attest thermal, mechanical and electric performance. A local decoupling of the external driver stage and the presspack housing is presented by a cable connection. This separation enables a thermal and mechanical independence, which is advantageous in terms of vibrations and thermal cycles including increased reliability. The electric pulse performance of the prototype device is a factor of 3.1 above today''s solutions. In single-pulse measurements, a current up to 1600 A was successfully turned off at 115°C with an active silicon area of 823 mm². One reason for this increased turn-off capability is the extremely low-inductive construction. Additional functionality of the IETO thyristor like over-current self-protection and defined short-circuit failure state are successfully verified.}, language = {en} } @inproceedings{NoetzoldUphuesWegeneretal.2012, author = {N{\"o}tzold, K. and Uphues, A. and Wegener, R. and Soter, S. and Fink, K. and Bragard, Michael and Griessel, R.}, title = {Inverter based test setup for LVRT verification of a full-scale 2 MW wind power converter}, series = {EPE Joint Wind Energy and T\&D Chapters Seminar : 28th and 29th of June 2012, in the Utzon Centre, Aalborg, Denmark ; papers, posters, presentations. - Session 2: Grid connection, compliance}, booktitle = {EPE Joint Wind Energy and T\&D Chapters Seminar : 28th and 29th of June 2012, in the Utzon Centre, Aalborg, Denmark ; papers, posters, presentations. - Session 2: Grid connection, compliance}, publisher = {EPE Association}, address = {Brussels}, year = {2012}, language = {en} } @article{RiglingBiglerEilmannetal.2012, author = {Rigling, Andreas and Bigler, Christof and Eilmann, Britta and Feldmeyer-Christe, Elisabeth and Gimmi, Urs and Ginzler, Christian and Graf, Ulrich and Mayer, Phillip and Vacchiano, Giorgio and Weber, Pascal and Wohlgemuth, Thomas and zweifel, Roman and Dobbertin, Matthias}, title = {Driving factors of a vegetation shift from Scots pine to pubescent oak in dry Alpine forests}, series = {Global Change Biology}, volume = {19}, journal = {Global Change Biology}, number = {1}, publisher = {Wiley-Blackwell}, address = {Oxford}, issn = {1354-1013 (Print)}, doi = {10.1111/gcb.12038}, pages = {229 -- 240}, year = {2012}, abstract = {An increasing number of studies have reported on forest declines and vegetation shifts triggered by drought. In the Swiss Rhone valley (Valais), one of the driest inner-Alpine regions, the species composition in low elevation forests is changing: The sub-boreal Scots pine (Pinus sylvestris L.) dominating the dry forests is showing high mortality rates. Concurrently the sub-Mediterranean pubescent oak (Quercus pubescens Willd.) has locally increased in abundance. However, it remains unclear whether this local change in species composition is part of a larger-scale vegetation shift. To study variability in mortality and regeneration in these dry forests we analysed data from the Swiss national forest inventory (NFI) on a regular grid between 1983 and 2003, and combined it with annual mortality data from a monitoring site. Pine mortality was found to be highest at low elevation (below 1000 m a.s.l.). Annual variation in pine mortality was correlated with a drought index computed for the summer months prior to observed tree death. A generalized linear mixed-effects model indicated for the NFI data increased pine mortality on dryer sites with high stand competition, particularly for small-diameter trees. Pine regeneration was low in comparison to its occurrence in the overstorey, whereas oak regeneration was comparably abundant. Although both species regenerated well at dry sites, pine regeneration was favoured at cooler sites at higher altitude and oak regeneration was more frequent at warmer sites, indicating a higher adaptation potential of oaks under future warming. Our results thus suggest that an extended shift in species composition is actually occurring in the pine forests in the Valais. The main driving factors are found to be climatic variability, particularly drought, and variability in stand structure and topography. Thus, pine forests at low elevations are developing into oak forests with unknown consequences for these ecosystems and their goods and services.}, language = {en} } @inproceedings{WeilPoghossianSchoeningetal.2012, author = {Weil, M. and Poghossian, Arshak and Sch{\"o}ning, Michael Josef and Cherstvy, A.}, title = {Electrical monitoring of layer-by-layer adsorption of oppositely charged macromolecules by means of capacitive field-effect devices}, isbn = {978-3-9813484-2-2}, doi = {10.5162/IMCS2012/P2.5.2}, pages = {1575 -- 1578}, year = {2012}, language = {en} } @inproceedings{BohrnMuchaWerneretal.2012, author = {Bohrn, Ulrich and Mucha, Andreas and Werner, Frederik and St{\"u}tz, Evamaria and B{\"a}cker, Matthias and Krumbe, Christoph and Schienle, Meinrad and Fleischer, Maximilian and Wagner, Patrick and Sch{\"o}ning, Michael Josef}, title = {Detection of toxic chromium species in water using cellbased sensor systems}, isbn = {978-3-9813484-2-2}, doi = {10.5162/IMCS2012/P2.1.14}, pages = {1364 -- 1367}, year = {2012}, language = {en} }