Search results
11 – 20 of over 1000Z.B. Xing, Xingchao Han, Hanbing Ke, Q.G. Zhang, Zhiping Zhang, Huijin Xu and Fuqiang Wang
A combination of highly conductive porous media and nanofluids is an efficient way for improving thermal performance of relevant applications. For precisely predicting the flow…
Abstract
Purpose
A combination of highly conductive porous media and nanofluids is an efficient way for improving thermal performance of relevant applications. For precisely predicting the flow and thermal transport of nanofluids in porous media, the purpose of this paper is to explore the inter-phase coupling numerical methods.
Design/methodology/approach
Based on the lattice Boltzmann (LB) method, this study combines the convective flow, non-equilibrium thermal transport and phase interactions of nanofluids in porous matrix and proposes a new multi-phase LB model. The micro-scale momentum and heat interactions are especially analyzed for nanoparticles, base fluid and solid matrix. A set of three-phase LB equations for the flow/thermal coupling of base fluid, nanoparticles and solid matrix is established.
Findings
Distributions of nanoparticles, velocities for nanoparticles and the base fluid, temperatures for three phases and interaction forces are analyzed in detail. Influences of parameters on the nanofluid convection in the porous matrix are examined. Thermal resistance of nanofluid convective transport in porous structures are comprehensively discussed with the models of multi-phases. Results show that the Rayleigh number and the Darcy number have significant influences on the convective characteristics. The result with the three-phase model is mildly larger than that with the local thermal non-equilibrium model.
Originality/value
This paper first creates the multi-phase theoretical model for the complex coupling process of nanofluids in porous structures, which is useful for researchers and technicians in fields of thermal science and computational fluid dynamics.
Details
Keywords
Ankita Bisht and Rajesh Sharma
The main purpose of this study is to present a non-similar analysis of two-dimensional boundary layer flow of non-Newtonian nanofluid over a vertical stretching sheet with…
Abstract
Purpose
The main purpose of this study is to present a non-similar analysis of two-dimensional boundary layer flow of non-Newtonian nanofluid over a vertical stretching sheet with variable thermal conductivity. The Sisko fluid model is used for non-Newtonian fluid with an exponent (n* > 1), that is, shear thickening fluid. Buongiorno model for nanofluid accounting Brownian diffusion and thermophoresis effects is used to model the governing differential equations.
Design/methodology/approach
The governing boundary layer equations are converted into nondimensional coupled nonlinear partial differential equations using appropriate transformations. The resultant differential equations are solved numerically using implicit finite difference scheme in association with the quasilinearization technique.
Findings
This analysis shows that the temperature raises for thermal conductivity parameter and velocity ratio parameter while decreases for the thermal buoyancy parameter. The thermophoresis and Brownian diffusion parameter that characterizes the nanofluid flow enhances the temperature and reduces the heat transfer rate. Skin friction drag can be effectively reduced by proper control of the values of thermal buoyancy and velocity ratio parameter.
Practical implications
The wall heating and cooling investigation result in the analysis of the control parameters that are related to the designing and manufacturing of thermal systems for cooling applications and energy harvesting. These control parameters have practical significance in the designing of heat exchangers and solar thermal collectors, in glass and polymer industries, in the extrusion of plastic sheets, the process of cooling of the metallic plate, etc.
Originality/value
To the best of authors’ knowledge, it is found from the literature survey that no similar work has been published which investigates the non-similar solution of Sisko nanofluid with variable thermal conductivity using finite difference method and quasilinearization technique.
Details
Keywords
Archana M., Gireesha B.J., Prasannakumara B.C. and Rama Subba Reddy Gorla
The effect of non-linear thermal radiation and variable thermo-physical properties are investigated in the Falkner-Skan flow of a Casson nanofluid in the presence of magnetic…
Abstract
Purpose
The effect of non-linear thermal radiation and variable thermo-physical properties are investigated in the Falkner-Skan flow of a Casson nanofluid in the presence of magnetic field. The paper aims to discuss this issue.
Design/methodology/approach
Selected bunch of similarity transformations are used to reduce the governing partial differential equations into a set of non-linear ordinary differential equations. The resultant equations are numerically solved using Runge-Kutta-Fehlberg fourth-fifth-order method along with shooting technique.
Findings
The velocity, temperature and concentration profiles are evaluated for several emerging physical parameters and are analyzed through graphs and tables in detail.
Research limitations/implications
This study only begins to reveal the research potential and pitfalls of research and publishing on boundary-layer flow, heat and mass transfer of Casson nanofluid past and the moving and static wedge-shaped bodies.
Originality/value
It is found that the presence of non-linear thermal radiation and variable properties has more influence in heat transfer. Furthermore, temperature profile increases as the radiation parameter increases.
Details
Keywords
Thameem Hayath Basha, Sivaraj Ramachandran and Bongsoo Jang
The need for precise synthesis of customized designs has resulted in the development of advanced coating processes for modern nanomaterials. Achieving accuracy in these processes…
Abstract
Purpose
The need for precise synthesis of customized designs has resulted in the development of advanced coating processes for modern nanomaterials. Achieving accuracy in these processes requires a deep understanding of thermophysical behavior, rheology and complex chemical reactions. The manufacturing flow processes for these coatings are intricate and involve heat and mass transfer phenomena. Magnetic nanoparticles are being used to create intelligent coatings that can be externally manipulated, making them highly desirable. In this study, a Keller box calculation is used to investigate the flow of a coating nanofluid containing a viscoelastic polymer over a circular cylinder.
Design/methodology/approach
The rheology of the coating polymer nanofluid is described using the viscoelastic model, while the effects of nanoscale are accounted for by using Buongiorno’s two-component model. The nonlinear PDEs are transformed into dimensionless PDEs via a nonsimilar transformation. The dimensionless PDEs are then solved using the Keller box method.
Findings
The transport phenomena are analyzed through a comprehensive parametric study that investigates the effects of various emerging parameters, including thermal radiation, Biot number, Eckert number, Brownian motion, magnetic field and thermophoresis. The results of the numerical analysis, such as the physical variables and flow field, are presented graphically. The momentum boundary layer thickness of the viscoelastic polymer nanofluid decreases as fluid parameter increases. An increase in mixed convection parameter leads to a rise in the Nusselt number. The enhancement of the Brinkman number and Biot number results in an increase in the total entropy generation of the viscoelastic polymer nanofluid.
Practical implications
Intelligent materials rely heavily on the critical characteristic of viscoelasticity, which displays both viscous and elastic effects. Viscoelastic models provide a comprehensive framework for capturing a range of polymeric characteristics, such as stress relaxation, retardation, stretching and molecular reorientation. Consequently, they are a valuable tool in smart coating technologies, as well as in various applications like supercapacitor electrodes, solar collector receivers and power generation. This study has practical applications in the field of coating engineering components that use smart magnetic nanofluids. The results of this research can be used to analyze the dimensions of velocity profiles, heat and mass transfer, which are important factors in coating engineering. The study is a valuable contribution to the literature because it takes into account Joule heating, nonlinear convection and viscous dissipation effects, which have a significant impact on the thermofluid transport characteristics of the coating.
Originality/value
The momentum boundary layer thickness of the viscoelastic polymer nanofluid decreases as the fluid parameter increases. An increase in the mixed convection parameter leads to a rise in the Nusselt number. The enhancement of the Brinkman number and Biot number results in an increase in the total entropy generation of the viscoelastic polymer nanofluid. Increasing the strength of the magnetic field promotes an increase in the density of the streamlines. An increase in the mixed convection parameter results in a decrease in the isotherms and isoconcentration.
Details
Keywords
Rusya Iryanti Yahaya, Norihan M. Arifin, Roslinda Nazar and Ioan Pop
The purpose of this paper is to study the flow and heat transfer of a hybrid nanofluid, Cu–Al2O3/water, past a permeable stretching/shrinking sheet. The effects of Brownian motion…
Abstract
Purpose
The purpose of this paper is to study the flow and heat transfer of a hybrid nanofluid, Cu–Al2O3/water, past a permeable stretching/shrinking sheet. The effects of Brownian motion and thermophoresis are considered here.
Design/methodology/approach
Similarity transformations are used to reduce the governing partial differential equations to a system of ordinary (similarity) differential equations. A MATLAB solver called the bvp4c is then used to compute the numerical solutions of equations (12) to (14) subject to the boundary conditions of equation (15). Then, the effects of various physical parameters on the flow and thermal fields of the hybrid nanofluid are analyzed.
Findings
Multiple (dual) solutions are found for the basic boundary layer equations. A stability analysis is performed to see which solutions are stable and, therefore, applicable in practice and which are not stable. Besides that, a comparison is made between the hybrid nanofluid and a traditional nanofluid, Cu/water. The skin friction coefficient and Nusselt number of the hybrid nanofluid are found to be greater than that of the other nanofluid. Thus, the hybrid nanofluid has a higher heat transfer rate than the other nanofluid. However, the increase in the shrinking parameter reduces the velocity of the hybrid nanofluid.
Originality/value
The present results are original and new for the study of the flow and heat transfer past a permeable stretching/shrinking sheet in Cu–Al2O3/water hybrid nanofluid.
Details
Keywords
Andreas Pfnür and Stefan Armonat
The purpose of this paper is to apply a numerical simulation of stochastic processes to the problem of real estate investment appraisal.
Abstract
Purpose
The purpose of this paper is to apply a numerical simulation of stochastic processes to the problem of real estate investment appraisal.
Design/methodology/approach
These uncertain operating costs are integrated into an enhanced dynamic simulation. To model the dynamics in the uncertainty of the cost schedule, a range of different types of stochastic processes is used. The operating costs are classified by cost drivers and an appropriate stochastic process is determined for each of the derived cost clusters. To optimise the capital structure in this application, heuristic optimisation with genetic algorithms is used.
Findings
The application of the model to real world investment situations shows that linear and deterministic modelling underestimates the risk‐generating effect of uncertain operating expenses, which often can lead to inefficient investment decisions.
Practical implications
In a further application of the model, the authors demonstrate the effect of uncertain operating costs on the optimal capital structure of real estate investments.
Originality/value
In contrast to models in the literature that are usually focussed on the income side, here the focus is on the uncertain dynamics of real estate operating costs as a key factor affecting return.
Details
Keywords
Jayanta Kumar Dash, Sumitra Panda and Golak Bihari Panda
The authors discuss the value of portfolio and Black–Scholes (B–S)-option pricing model in fuzzy environment.
Abstract
Purpose
The authors discuss the value of portfolio and Black–Scholes (B–S)-option pricing model in fuzzy environment.
Design/methodology/approach
The B–S option pricing model (OPM) is an important role of an OPM in finance. Here, every decision is taken under uncertainty. Due to randomness or vagueness, these uncertainties may be random or fuzzy or both. As the drift µ, the degree of volatility s, interest rate r, strike price k and other parameters of the value of the portfolio V(t), market price S_0 (t) and call option C(t) are not known exactly, so they are treated as positive fuzzy number. Partial expectation of fuzzy log normal distribution is derived. Also the value of portfolio at any time t and the B–S OPM in fuzzy environment are derived. A numerical example of B–S OPM is illustrated.
Findings
First, the authors are studying some various paper and some stochastic books.
Originality/value
This is a new technique.
Details
Keywords
The purpose of this paper is to compare the ability of popular temperature models, namely, the models given by Alaton et al., by Benth and Benth, by Campbell and Diebold and by…
Abstract
Purpose
The purpose of this paper is to compare the ability of popular temperature models, namely, the models given by Alaton et al., by Benth and Benth, by Campbell and Diebold and by Brody et al., to forecast the prices of heating/cooling degree days (HDD/CDD) futures for New York, Atlanta, and Chicago.
Design/methodology/approach
To verify the forecasting power of various temperature models, a statistical backtesting approach is utilised. The backtesting sample consists of the market data of daily settlement futures prices for New York, Atlanta, and Chicago. Settlement prices are separated into two groups, namely, “in‐period” and “out‐of‐period”.
Findings
The findings show that the models of Alaton et al. and Benth and Benth forecast the futures prices more accurately. The difference in the forecasting performance of models between “in‐period” and “out‐of‐period” valuation can be attributed to the meteorological temperature forecasts during the contract measurement periods.
Research limitations/implications
In future studies, it may be useful to utilize the historical data for meteorological forecasts to assess the forecasting power of the new hybrid model considered.
Practical implications
Out‐of‐period backtesting helps reduce the effect of any meteorological forecast on the formation of futures prices. It is observed that the performance of models for out‐of‐period improves consistently. This indicates that the effects of available weather forecasts should be incorporated into the considered models.
Originality/value
To the best of the author's knowledge this is the first study to compare some of the popular temperature models in forecasting HDD/CDD futures. Furthermore, a new temperature modelling approach is proposed for incorporating available temperature forecasts into the considered dynamic models.
Details
Keywords
This paper aims to study whether noisy public information that investors receive about the expected aggregate dividend growth rate can help better understand the large average…
Abstract
Purpose
This paper aims to study whether noisy public information that investors receive about the expected aggregate dividend growth rate can help better understand the large average equity premium and stock return volatility in the US financial market.
Design/methodology/approach
This paper considers a dynamic asset pricing model with a representative agent, who cannot observe the expected growth rate of dividends and must learn its value by using noisy information. In addition, this paper presents a simple model for noisy information calibration.
Findings
With a coefficient of relative risk aversion below 10 and the time impatience parameter between 0 and 1, the calibrated model is able to yield an average risk-free interest rate, equity premium and stock return volatility that are close to the stylized facts in the US financial market.
Originality/value
First, this paper presents a different equilibrium model with a simple “catching up with the Joneses” preference and noisy information. Second, this paper develops a simple calibration procedure to calibrate the information process to study whether the calibrated model can help explain the large average equity premium and stock return volatility in the US financial market data.
Details
Keywords
A widely accepted belief indicates that terror activities have negative impact on stock markets. Contrary to numerous empirical studies, the purpose of this paper is to consider…
Abstract
Purpose
A widely accepted belief indicates that terror activities have negative impact on stock markets. Contrary to numerous empirical studies, the purpose of this paper is to consider this issue from another point of view in the sense that markets can become desensitized to terror.
Design/methodology/approach
Here, instead of directly analyzing the existing data, the stochastic nature of the events is taken into consideration.
Findings
The author compares three countries and found out that the correlation between terror and stock markets is almost nil when terror events become a commonplace.
Originality/value
This paper applies mean reverting stochastic processes to terror incidents and brings out interesting results.
Details