Anemometer constant torque and responded more quickly to gusts than the four-cup anemometer. The three-cup anemometer was further modified by the Australian Dr. Derek Weston in 1991 to measure both wind direction and wind speed. Weston added a tag to one cup, which causes the cupwheel speed to increase and decrease as the tag moves alternately with and against the wind. Wind direction is calculated from these cyclical changes in cupwheel speed, while wind speed is determined from the average cupwheel speed. Three-cup anemometers are currently used as the industry standard for wind resource assessment studies & practice. One of the
Spectral risk measure payoff of a portfolio. In this case the translation-invariance property would be given by formula_35 instead of the above. Spectral risk measure A Spectral risk measure is a risk measure given as a weighted average of outcomes where bad outcomes are, typically, included with larger weights. A spectral risk measure is a function of portfolio returns and outputs the amount of the numeraire (typically a currency) to be kept in reserve. A spectral risk measure is always a coherent risk measure, but the converse does not always hold. An advantage of spectral measures is the way in which they can