Weather risk management by companies such as Delphi Weather Analytics. The weather risk market makes it possible to manage the financial impact of weather through risk transfer instruments based on a defined weather element, such as temperature, rain, snow, wind, etc. Weather risk management is a way for organizations to limit their financial exposure to disruptive weather events. By making a payment (a "premium") to a separate company that will assume the financial weather risk for them, an organization essentially is buying a type of insurance - the company assuming the risk will pay the buyer a pre-set amount of money which will
Dirichlet boundary condition Dirichlet boundary condition In mathematics, the Dirichlet (or first-type) boundary condition is a type of boundary condition, named after Peter Gustav Lejeune Dirichlet (1805–1859). When imposed on an ordinary or a partial differential equation, it specifies the values that a solution needs to take on along the boundary of the domain. The question of finding solutions to such equations is known as the Dirichlet problem. In applied sciences, a Dirichlet boundary condition may also be referred to as a fixed boundary condition. For an ordinary differential equation, for instance, the Dirichlet boundary conditions on the interval take the form where