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
Robin boundary condition Robin boundary condition In mathematics, the Robin boundary condition (; properly ), or third type boundary condition, is a type of boundary condition, named after Victor Gustave Robin (1855–1897). When imposed on an ordinary or a partial differential equation, it is a specification of a linear combination of the values of a function "and" the values of its derivative on the boundary of the domain. Robin boundary conditions are a weighted combination of Dirichlet boundary conditions and Neumann boundary conditions. This contrasts to mixed boundary conditions, which are boundary conditions of different types specified on different subsets of the boundary.