Glossary entry (derived from question below)
English term or phrase:
Smooth Pasting Condition
Romanian translation:
condiţie de netezire
Added to glossary by
Cristina Butas
Jan 23, 2009 18:03
15 yrs ago
2 viewers *
English term
Smooth Pasting Condition
English to Romanian
Bus/Financial
Economics
Cum s-ar putea traduce in contextul: "...the firm's problem is one of choosing the optimal timing of irreversible investment. To solve this problem both the Value Mtching Condition (VMC)and the Smooth Pasting Condition (SPC) are required." Multumesc.
Proposed translations
(Romanian)
| 4 | conditia de netezire |
Cristina Balmus
|
| 2 | conditia egalitatii de panta |
tagore
|
References
| În franceză: |
Denise Idel
|
| vezi |
Alina Weidell
|
Change log
Feb 3, 2009 21:13: Cristina Butas Created KOG entry
Proposed translations
19 hrs
Cristina Balmus
Romania
Romania
Native in Romanian
Romania
Accuracy is the key
Native in: Romanian 
Works in: English to Romanian, Romanian to English, French to Romanian, and 3 more.
Related KudoZ points
:
4
Selected
conditia de netezire
Tot dupa modelul francez (condition de lissage):
Dans la terminologie proposée par DUMAS [1991], la condition (13.c) est une ***condition de croisement (value matching)*** valable pour tout seuil donné a priori. (13.d) est en revanche une condition d'optimalité du seuil appelée **condition
de lissage*** (smooth pasting).
http://www.pse.ens.fr/adres/anciens/n57/vol57-04.pdf
De plus, la fonction W doit respecter la ***condition de « lissage »*** (smooth pasting), ce qui donne [...]
Sur la frontière où il devient optimal de fermer à la marge une unité productive les ***conditions de continuité (« value-matching »)*** et de lissage doivent aussi être vérifiées.
http://www.cairn.info/article_p.phpID_ARTICLE=ECOP_149_0015
Nu stiu dk nu cumva poti lasa si ***conditia 'smooth pasting'***.
Pentru Value Mtching Condition (VMC):
Conditie de concordanta a valorilor
Conditie de egalitate a valorilor
Conditie de continuitate
Dans la terminologie proposée par DUMAS [1991], la condition (13.c) est une ***condition de croisement (value matching)*** valable pour tout seuil donné a priori. (13.d) est en revanche une condition d'optimalité du seuil appelée **condition
de lissage*** (smooth pasting).
http://www.pse.ens.fr/adres/anciens/n57/vol57-04.pdf
De plus, la fonction W doit respecter la ***condition de « lissage »*** (smooth pasting), ce qui donne [...]
Sur la frontière où il devient optimal de fermer à la marge une unité productive les ***conditions de continuité (« value-matching »)*** et de lissage doivent aussi être vérifiées.
http://www.cairn.info/article_p.phpID_ARTICLE=ECOP_149_0015
Nu stiu dk nu cumva poti lasa si ***conditia 'smooth pasting'***.
Pentru Value Mtching Condition (VMC):
Conditie de concordanta a valorilor
Conditie de egalitate a valorilor
Conditie de continuitate
Note from asker:
| Multumesc, Cristina! Intr-adevar, VMC =conditia de concordanta a valorilor..iar pentru SPC voi merge pe varianta Alinei, conditie de netezire si convergenta.Multumesc, Alina! |
4 KudoZ points awarded for this answer.
2 days 1 hr
conditia egalitatii de panta
Nu ma pricep, dar incerc sa va dau o sugestie.
Pare a fi vorba despre (analiza) matematica aplicata in economie
Putem aborda problema din punct de vedere
a) lingvistic (incercand sa traducem cat mai potrivit"smooth" si "pasting", ceva in genul solutiei "raccordement en douceur "
b) matematic (caz in care "smooth pasting" este echivalat cu ceea ce se intampla in plan matematic).
Ce am inteles eu (poate gresesc): cumparam o optiune de tip american (care o putem exercita in orice moment pana la data scadentei acesteia).Ne propunem sa realizam un anumit profit Modelul matematic si reprezentarile grafice aferente, ne indica primul moment favorabil de exercitare a optiunii pentru a realiza profitul propus (= atunci cand curba profitului momentan obtinut prin exercitarea optiunii se "racordeaza" cu dreapta care reprezinta profitul propus, avand aceeasi panta).
Ref : fig 1. din http://home.hia.no/~sigbjors/ECLETT-98.pdf
Sugestia mea de raspuns este de acest tip. (In aceasta abordare, eventual pentru VMC = "conditia egalitatii de valoare" (= s-a atins valoarea profitului propus))
c) economic.
Daca mergeti pe aceasta cale, poate SPC ar fi "conditia primei exercitarii" (care asigura profitul propus), iar VMC ar putea fi tradus prin "conditia atingerii valorii" (profitului propus) sau eventual, "conditia atingerii profitului".
Oricum, aveti nevoie de sfatul unui "finantist" sau specialist in analiza matematica care sa va dea o dovada de "solidaritate" sau de simpatie.
(Cred ca de 1 Martie sau de 8 Martie, aceasta intrebare si-ar fi gasit raspunsul mult mai usor ...)
Cu bine
Pare a fi vorba despre (analiza) matematica aplicata in economie
Putem aborda problema din punct de vedere
a) lingvistic (incercand sa traducem cat mai potrivit"smooth" si "pasting", ceva in genul solutiei "raccordement en douceur "
b) matematic (caz in care "smooth pasting" este echivalat cu ceea ce se intampla in plan matematic).
Ce am inteles eu (poate gresesc): cumparam o optiune de tip american (care o putem exercita in orice moment pana la data scadentei acesteia).Ne propunem sa realizam un anumit profit Modelul matematic si reprezentarile grafice aferente, ne indica primul moment favorabil de exercitare a optiunii pentru a realiza profitul propus (= atunci cand curba profitului momentan obtinut prin exercitarea optiunii se "racordeaza" cu dreapta care reprezinta profitul propus, avand aceeasi panta).
Ref : fig 1. din http://home.hia.no/~sigbjors/ECLETT-98.pdf
Sugestia mea de raspuns este de acest tip. (In aceasta abordare, eventual pentru VMC = "conditia egalitatii de valoare" (= s-a atins valoarea profitului propus))
c) economic.
Daca mergeti pe aceasta cale, poate SPC ar fi "conditia primei exercitarii" (care asigura profitul propus), iar VMC ar putea fi tradus prin "conditia atingerii valorii" (profitului propus) sau eventual, "conditia atingerii profitului".
Oricum, aveti nevoie de sfatul unui "finantist" sau specialist in analiza matematica care sa va dea o dovada de "solidaritate" sau de simpatie.
(Cred ca de 1 Martie sau de 8 Martie, aceasta intrebare si-ar fi gasit raspunsul mult mai usor ...)
Cu bine
Reference:
http://home.hia.no/~sigbjors/ECLETT-98.pdf
http://www.bmfms.ro/strategii/img/Notiuni_introductive_optiuni.PDF
Note from asker:
| Multumesc mult! |
Reference comments
3 hrs
Denise Idel
Israel
Israel
Native in Romanian
Israel
Native in: Romanian (Variant: Moldovan) 
Works in: Hebrew to Romanian, Romanian to Hebrew, English to Romanian
Related KudoZ points
:
4
Reference:
În franceză:
Les conditions aux limites (conditions de concordance desvaleurs "value matching" et de raccordement en douceur "smooth pasting") donnent la forme explicite du seuil optimal...
http://www.solvay.edu/EN/Research/Bernheim/documents/Present...
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Note added at 4 hrs (2009-01-23 22:03:26 GMT)
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La troisième condition est une condition de «smooth pasting» ou de« raccordement en douceur » qui permet de s’assurer de l’optimalité du prix qui déclenche l’investissement.
http://www.univ-orleans.fr/deg/GDRecomofi/Activ/epaulard_eta...
http://www.solvay.edu/EN/Research/Bernheim/documents/Present...
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Note added at 4 hrs (2009-01-23 22:03:26 GMT)
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La troisième condition est une condition de «smooth pasting» ou de« raccordement en douceur » qui permet de s’assurer de l’optimalité du prix qui déclenche l’investissement.
http://www.univ-orleans.fr/deg/GDRecomofi/Activ/epaulard_eta...
12 hrs
Alina Weidell
United States
United States
Native in Romanian
Specializes in field
United States
Thorough, reliable translation
Native in: Romanian
Works in: Romanian to English, English to Romanian, Spanish to English, and 5 more.
Related KudoZ points
:
12
Reference:
vezi
Smooting-cred ca vrea sa spuna ca se netezeste graficul-curba(o variabila nu creste uniform si atunci graficul prezinta striatiuni). Din cate am inteles este vorba despre reprezentarea grafica in care apare o curba (care trebuie netezita) si o dreapta care converg/se unesc, iar in punctul acela de convergenta (optimal trigger point in care ecuatiile devin egale) se calculeaza varianta optima. Nu este vorba de tangenta (desi am gasit undeva o referinta) pt ca in acest caz graficele converg nu se ating doar.
Mai jos o referinta in care apare termenul de conditii pe frontiera:
Also called high-contact condition Smooth pasting is a kind of boundary conditions used to model American option.
http://en.wikipedia.org/wiki/Smooth_pasting
Smooth pasting as rate of return equalisation
interest in the smooth pasting (or HIGH-CONTACT) condition associated with options and real options decisions, because of the implications and optimality of early exercise. It is well known that smooth pasting is a first-order condition for optimum, as proposed by Samuelson (1965), proven by Merton (1973) and discussed by Dumas (1991) and several others...
..smooth pasting (equality of slope between option value and payoff functions
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Note added at 23 hrs (2009-01-24 17:33:21 GMT)
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tradus ar veni ceva de genul :conditia de netezire si convergenta
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Note added at 23 hrs (2009-01-24 17:51:08 GMT)
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grafic explicativ: pg 254 graficul 5.1
http://books.google.com/books?id=2sGwSAfA8eAC&pg=PA255&lpg=P...
Cele doua grafice se ating tangential dupa care continua impreuna. AIci smooth pasting condition =tangency condition pg 255 la 5.1.2 si e vorba despre American Call (deci context putin diferit dar acelasi concept). Vezi si conditia de egalitate 5.1.2
Mai jos o referinta in care apare termenul de conditii pe frontiera:
Also called high-contact condition Smooth pasting is a kind of boundary conditions used to model American option.
http://en.wikipedia.org/wiki/Smooth_pasting
Smooth pasting as rate of return equalisation
interest in the smooth pasting (or HIGH-CONTACT) condition associated with options and real options decisions, because of the implications and optimality of early exercise. It is well known that smooth pasting is a first-order condition for optimum, as proposed by Samuelson (1965), proven by Merton (1973) and discussed by Dumas (1991) and several others...
..smooth pasting (equality of slope between option value and payoff functions
--------------------------------------------------
Note added at 23 hrs (2009-01-24 17:33:21 GMT)
--------------------------------------------------
tradus ar veni ceva de genul :conditia de netezire si convergenta
--------------------------------------------------
Note added at 23 hrs (2009-01-24 17:51:08 GMT)
--------------------------------------------------
grafic explicativ: pg 254 graficul 5.1
http://books.google.com/books?id=2sGwSAfA8eAC&pg=PA255&lpg=P...
Cele doua grafice se ating tangential dupa care continua impreuna. AIci smooth pasting condition =tangency condition pg 255 la 5.1.2 si e vorba despre American Call (deci context putin diferit dar acelasi concept). Vezi si conditia de egalitate 5.1.2
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